Archive for May 2011
Biden: Debt limit talks on track
Vice President Joseph Biden and congressional leaders left a meeting on the debt limit Tuesday night saying they were on track to find $1 trillion in deficit cuts, The Hill reported.
“We are confident that …
Read MoreBank of America reaches $410 million settlement
More than a million Bank of America Corp. debit card users could be in line for a payout after the Charlotte-based bank agreed to pay $410 million to settle a federal lawsuit, the Charlotte Business …
Read MoreLegislation would raise credit union lending cap
The Iowa Credit Union League said Tuesday that legislation recently introduced by Congressman Bruce Braley to raise the current cap on credit union business lending would increase commercial lending by credit unions by $10 billion …
Read MoreCorporation for Economic Development plans event
The Corporation for Economic Development in Des Moines announced that it will hold a 30-year celebration event on June 6. The certified development corporation originates and services U.S. Small Business Administration 504 loans and administers …
Read MoreSalvation Army: Donate cash, not items
The Salvation Army today joined Federal Emergency Management Agency officials in discouraging direct donations of food, clothing and other items to the victims of Sunday’s tornado in Joplin, Mo. Financial donations of cash are the …
Read MoreReport: Those close to retirement saw savings decrease or disappear in recession
The recession has taken a toll on many Americans’ financial well-being, but retirees and those close to retirement face particular hardship, CNNMoney.com reported.
One in four Americans age 50 or older said they had exhausted …
Read MoreBank profits rise, but problems still exist, FDIC says
Bank profits rose substantially in the first quarter, and financial institutions reported their best quarterly results since the second quarter of 2007, the Federal Deposit Insurance Corp. (FDIC) said today, even though the industry still …
Read MoreChallenger: Fewer jobs cut so far in 2011
Job cuts announced so far this year are down 24 percent from a year ago, according to statistics released today by Challenger, Gray & Christmas Inc.
Through the first four months of 2011, employers announced …
Read MoreFarm Bureau partners with Van Wall Energy on turbine purchases
The Iowa Farm Bureau Federation (IFBF) has partnered with Van Wall Energy, a new division of The Van Wall Group.
IFBF members are now eligible for exclusive savings on required maintenance agreements with the purchase …
Read MoreSpringboard Engineering acquired by UL
Science safety company Underwriters Laboratories Inc. (UL) announced today that it will acquire Newton-based Springboard Engineering Inc.
Springboard Engineering is a reliability and engineering advisory services company that was founded by Maytag Corp. design engineers. …
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