Archive for May 2011
Lee cancels $1 billion bond offering
Davenport-based newspaper publisher Lee Enterprises Inc., citing market conditions, has withdrawn a high-yield bond sale and concurrent stock offering designed to refinance all of its existing debt and avoid a bankruptcy filing that until recently …
Read MoreCelebrity players to return for Principal Charity Classic
Two well-known actors, Michael J. Fox and Steven Weber, will return to Greater Des Moines to play in the Principal Charity Classic on June 1, tournament organizers announced Wednesday. It will be Fox’s second appearance …
Read MoreChristman a panelist at IRA summit in Washington, D.C.
Barrie Christman, vice president of individual investor services at Principal Financial Group Inc., will be a panelist at the Investment Company Institute’s Individual Retirement Account (IRA) Research Summit on May 11 in Washington, D.C. She …
Read MoreNew figures show economic clout of U.S. metros
America’s 100 largest metropolitan areas, which include Greater Des Moines, wield more economic clout than any other nation in the world, new numbers from the U.S. Bureau of Economic Analysis show.
The gross metropolitan products …
Read MoreWells Fargo board faces protesters, angry shareholders at annual meeting
Wells Fargo & Co.’s annual meeting Tuesday in San Francisco was more tumultuous than usual, as angry shareholders called for the bank to adopt an immediate foreclosure moratorium and waive principal on troubled mortgages, the …
Read MoreMyers investor has no claim in bankruptcy case, judge rules
A federal judge has dismissed a challenge to the $180 million bankruptcy filing of former Regency companies principal James Myers. Judge Lee Jackwig dismissed the case, which was brought last year by former investment partners, …
Read MoreMarsh net income up 31 percent
Marsh & McLennan Companies Inc. reported first-quarter net income of $325 million, a 31 percent increase from $248 million last year. Earnings per share increased 29 percent to 58 cents from 45 cents. Income from …
Read MoreMercy moves Quick Care Clinic to Capital Square
Mercy Clinics Inc. has moved its downtown Quick Care Clinic from the Equitable Building to Capital Square, 400 Locust St., Suite 215. The move, completed made May 2, will allow for continued expansion of the …
Read MoreU.S. sues Deutsche Bank for mortgage fraud
The U.S. government has sued Deutsche Bank AG and one of its mortgage subsidiaries for civil mortgage fraud, The Real Deal reported.
The complaint, which focuses on Deutsche Bank’s MortgageIT, said that entity issued more …
Read MoreInstitutions displace REITs as top office buyers
Institutional investors displaced real estate investment trusts (REITs) as the top buyers of office properties during the first quarter, REIT.com reported.
Net purchases by institutional investors totaled nearly $1.4 billion, compared with $1.3 billion in …
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