Archive for August 2011
Buffett, Berkshire to invest in Bank of America
Bank of America Corp., the largest U.S. lender, said Warren Buffett’s Berkshire Hathaway Inc. will invest $5 billion to bolster the company after losses tied to subprime mortgages drained capital, Bloomberg reported.
Bank of America …
Read MoreObama works on jobs package
President Barack Obama is finalizing a jobs package that could include a program to refurbish school buildings nationwide and tax breaks to encourage firms to hire workers, Reuters reported.
The package, to be unveiled in …
Read MoreGreat Ape Trust says loss of Townsend is no surprise
The Great Ape Trust is losing its funder, as Ted Townsend announced his financial support will end at the end of the year, but has been working to gain new funding, a spokesman said.
Al …
Read MoreMeredith to expand Better television show to more markets
Meredith Corp. announced yesterday that Better, its daily lifestyle television show, will begin airing on Sept. 12 on WNYW-TV in New York and the CW Network PLUS, which adds a viewership to more than 140 …
Read MorePSM to acquire Iowa Mortgage
Minnesota-based PSM Holdings Inc. has entered into a letter of intent to purchase Des Moines-based Iowa Mortgage Professionals Inc. Iowa Mortgage will be acquired by UCMC, a subsidiary of Prime Source Mortgage Inc., whose parent …
Read MoreBig changes at Apple
Apple Inc. CEO Steve Jobs, who started the company at age 21, announced his resignation from the post yesterday after being on medical leave since Jan. 17, Bloomberg reported.
Jobs has battled cancer since 2003 …
Read MoreIowaBiz Blog: Business blockbusters from the Iowa Supreme Court
A Closer Look – David Leto
David Leto was recently named executive vice president of the Palmer Group. Read article…
Read MoreGoogle reaches $500 million settlement with Justice Department
The U.S. Justice Department announced Wednesday that Google Inc. will pay $500 million to settle government charges that it has shown illegal ads for online Canadian pharmacies in the United States.
The fine, which the …
Read MoreCBO forecasts lower deficits, sluggish growth
The Congressional Budget Office (CBO) on Wednesday estimated that deficits over the next 10 years will total $3.5 trillion, about half of what was projected at the beginning of the year. The budget office also …
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