Archive for July 2011
General Motors to invest $328 million in Michigan plant
General Motors Co. said it will spend $328 million to upgrade its Flint, Mich., assembly plant. The plant overhaul is part of the company’s strategy for launching its next generation of full-size pickup trucks. The company says the …
Read MoreHome building reaches six-month high
Housing starts rose more than expected in June to touch a six-month high, and permits for future construction unexpectedly increased, according to a government report released this morning, likely reflecting growing demand for rental apartments, …
Read MoreIt was the best of times …
Wells Fargo & Co., the fourth-largest U.S. bank by assets, posted a higher quarterly profit, beating analysts’ estimates, as it dipped into funds previously set aside for bad loans, Reuters reported. The company said second-quarter …
Read More… it was the worst of times
Bank of America Corp., the largest U.S. bank by assets, reported a quarterly net loss of $8.8 billion, or 90 cents per share, for the three months ended June 30, compared with net income of …
Read MoreFederated acquires EquiTrust mutual fund assets
Federated Investors Inc., one of the nation’s largest investment managers, on Monday completed the transition of approximately $509 million in equity, fixed income and money market assets from EquiTrust Series Fund Inc. and EquiTrust Variable …
Read MoreCalling all women entrepreneurs
The U.S. Small Business Administration and National Women’s Business Council will host the Iowa Summit for Women Entrepreneurs on Aug. 3 in Ankeny. The summit will explore the business challenges facing Iowa women entrepreneurs and …
Read MoreDebt deal is certain – to Treasury Secretary Geithner
U.S. Treasury Secretary Timothy Geithner told CNBC today that he is certain that congressional leaders will strike a deal to raise the federal debt ceiling prior to the Aug. 2 deadline to avoid default.
“Each …
Read MoreEconomy growing weaker, recovery softer, economists say
Business economists have scaled back projections for U.S. growth this year, citing slower company sales and global uncertainty, a quarterly survey found.
The National Association of Business Economists (NABE) said fewer members reported higher sales …
Read MoreDART releases 2035 plan recommendations
The Des Moines Area Regional Transit Authority (DART) today released recommendations for its DART Forward 2035 plan. New services being proposed for the next 10 years included suburban circulators in West Des Moines and Ankeny, …
Read MoreCraft beers on tap at Iowa State Fair
The Iowa Craft Beer Tent will debut at the Iowa State Fair, Aug. 11-21, with 13 Iowa breweries and three regional breweries pouring 36 different beers from 9 a.m. to midnight. Representatives from the breweries …
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