Archive for August 2011
Wild day on Wall Street
Stock prices have moved violently all day on Wall Street, with the Dow Jones industrial average swinging more than 400 points during the session, CNNMoney reported. Positive influences include a strong U.S. jobs report and …
Read MoreConstruction making a comeback
The nation’s construction industry added 8,000 jobs last month, according to the Aug. 5 employment report by the U.S. Labor Department. The construction industry has added 32,000 jobs in the past 12 months, and its …
Read MorePlea agreement in movie case
Attorney General Tom Miller today entered into a plea agreement with an Iowa film producer charged in the Iowa Film Office case.
Bruce Elgin, 42, of Washington, pleaded guilty in Polk County District Court this …
Read MoreNo help for University Heights project
The Cedar Rapids Gazette reported that Johnson County’s supervisors voted against providing a tax break to the developer of a $55 million housing and commercial project proposed for University Heights.
University Heights, which is located …
Read MoreAlliant plans another wind farm
Alliant Energy Corp. announced that it will build 60 more wind turbines in Franklin County, the Mason City Globe Gazette reported.
The $235 million project will create 100 megawatts of electricity, or enough to power …
Read MoreClass-action suit hits Electrolux
Electrolux failed to pay overtime to production workers at its now shuttered Webster City plant, an attorney claims in a federal class-action lawsuit filed Wednesday.
The Fort Dodge Messenger reported that Bart Goplerud, the West …
Read MoreGood news on the hiring front
Hiring picked up slightly in July, CNBC reported, and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst day on Wall Street in nearly three years.
Employers added 117,000 jobs …
World markets follow Dow down
World markets sold off Friday, CNNMoney reported, a day after the Dow Jones industrial average index had its worst point loss since the 2008 financial crisis.
“It seems that yesterday was the day that markets …
Read MoreFleur Drive viaduct reopens
The Fleur Drive viaduct located between George Flagg Parkway and Bell Avenue will reopen to traffic mid-day today, city officials said. The bridge was closed on May 2 for major bridge work.
All four lanes …
Read MoreFBL reports increased income
FBL Financial Group Inc. on Thursday reported net income of $37.5 million for the second quarter of 2011, or $1.20 per diluted common share, compared with $22.3 million, or $0.73 per diluted common share, for …
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