Archive for June 2011
Congress considers delay to debit card fee changes
A Federal Reserve rule capping debit card “swipe” fees set by Visa Inc. and MasterCard Inc. would be delayed at least six months under a plan introduced Tuesday in the U.S. Senate, Bloomberg reported.
Senators …
Read MoreOral arguments to be heard in health-care reform appeal
Attorneys for President Barack Obama will seek to stave off the biggest legal challenge yet to health-care reform on Wednesday. The administration will present oral arguments as it appeals a ruling by a Florida judge …
Read MoreSammons launches retirement unit
Sammons Financial Group Inc., a West Des Moines-based insurance holding company, announced it will launch a new business line, Sammons Retirement Solutions. The new business will distribute retirement-oriented products such as mutual funds and variable …
Read MoreRegulators lift West Bank memorandum
West Bank officials announced Tuesday that as of June 3, federal and state banking regulators have terminated a memorandum of understanding (MOU) to which the West Des Moines-based bank had been subject since April 2010. …
Read MorePartnership to host Korean ambassador
The Greater Des Moines Partnership will host a forum on June 9 with Korean Ambassador Han Duk-soo to discuss the benefits of the Korea-U.S. Free Trade Agreement for Iowa jobs and economic growth. The event …
Read MoreChanges to New Markets Tax Credits proposed
The U.S. Treasury Department and the Internal Revenue Service on Tuesday announced proposed changes to the New Markets Tax Credit program to encourage more investment in non-real estate businesses located in low-income communities. Potential changes …
Read MoreMercy Foundation to host golf tournament
Mercy Foundation will host the 20th Annual Bishop Drumm Charity Golf Tournament on June 13 at The Legacy Golf Club in Norwalk. All funds raised will benefit the Bishop Drumm Retirement Center. The best-shot tournament …
Read MoreLatest numbers show decrease in job openings
Job openings in the United States decreased in April for the first time in three months, showing that companies started to lose confidence in the expansion’s durability even before hiring slumped in May, Bloomberg reported.…
Read MoreMore Americans borrowing from 401(k) plans
In spite of decades of advice to the contrary and an improving economy, millions of Americans are increasingly turning to what was once a lender of last resort – their 401(k) plans, The Wall Street …
Read MoreReport: Businesses with high-speed Internet earn $300,000 more on average
A report by Connect Iowa says businesses with a broadband connection are likely to generate more revenue and jobs. Businesses with high-speed Internet connections report having median annual revenues $300,000 higher than businesses without broadband, …
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