Archive for June 2011
Supreme Court rules in favor of Janus
The U.S. Supreme Court yesterday ruled in favor of the mutual fund industry in a case involving a company’s responsibility for statements made in prospectuses, Investment News reported.
The suit, Janus Capital Group v. First …
Read MoreCorporate profits should steady the economy
Profits at American companies are poised to be one of the few bright spots in the economy, helping to steady the faltering recovery, Bloomberg reported.
Earnings will climb an average 10 percent a year through …
Read MoreHalf an old ‘Y’ might be better than none
Des Moines city officials have recommended that the lower portion of the former YWCA at 717 Grand Ave. should be spared the wrecking ball and that demolition should be limited to the upper floors. The …
Read MoreFacebook ready to go public, report says
The social networking giant Facebook Inc. will likely go public in the first quarter of 2012, with a valuation that could top $100 billion, according to people familiar with the matter, CNBC reported.
A factor …
Read MoreGasoline tax to remain unchanged July 1
Iowa’s gasoline tax rate will remain unchanged in the upcoming fiscal year, state officials announced this morning. Under legislation enacted in 2001 and extended in 2008, the Iowa Department of Revenue must adjust the rate …
Read MoreCruise the Cornfields event is June 25
Bicyclists will depart at 7 a.m. June 25 from Ankeny for the National Multiple Sclerosis Society North Central States chapter’s annual Bike MS: Cruise the Cornfields event. They will spend the evening in Marshalltown and …
Read MoreThat’s Roark/Arby’s to you
Wendy’s/Arby’s Group Inc. said it will sell all but an 18.5 percent stake of its Arby’s chain to private equity firm Roark Capital Group in a deal valued at $430 million. Roark will pay $130 …
Read MoreRegency co-founder files for bankruptcy
Richard Moffitt, co-founder of the Regency residential and commercial development companies, has filed to liquidate assets under federal bankruptcy laws.
Moffitt, who founded Regency with the late Michael Myers, claimed $991,585 in assets and nearly …
Read MorePanel offers job-creating advice to president
The federal government should streamline permitting for construction projects and make it easier for tourists to visit the United States to help boost hiring and spur the economy, a top adviser to President Barack Obama …
Read MoreA bounty of nickel
At a time of scarcity in everything from crude oil to copper to corn, nickel is heading for the biggest glut in four years, driving prices lower into 2012, Bloomberg reported. Next year’s surplus will …
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