Archive for February 2012
Trade deficit slows Japan’s recovery from earthquake and tsunami
Japan posted a record trade deficit in January as the yen’s strength and weaker global demand eroded manufacturers’ profits and slowed the nation’s recovery from last year’s earthquake and tsunami, Bloomberg reported.
The trade gap …
Read MoreAge and income define smartphone owners
A Nielsen survey of smartphone owners that was released today found that 66 percent are age 24 to 34, CNNMoney reported. When age and income are both taken into account, older subscribers with higher incomes …
Read MoreLloyds bankers lose bonuses over insurance scandal
The Daily Telegraph newspaper said today that Lloyds Banking Group PLC will strip five current and former senior bankers of more than 1 million pounds in bonuses for their role in a scandal involving insurance …
Read MoreBank of America cuts CEO compensation
Bank of America Corp. cut CEO Brian Moynihan’s compensation for 2011, granting him no cash bonus and freezing his salary, a person briefed on the executive’s pay told Bloomberg. The bank is holding Moynihan’s salary …
Read MoreLargest conventions coming to the metro area, week of Feb. 27
IowaBiz Blog: Do not compete on price, unless…
Congress passes payroll tax cut extension
The House passed a bill this morning that extends the payroll tax cut for 160 million workers through December and continues long-term unemployment benefits, Reuters reported.
The legislation will add $100 billion to the U.S. …
Read MoreDes Moines chambers of commerce to hold poker tournament Feb. 25
The East and South Des Moines Chambers of Commerce will host their first Texas No Limit Hold ‘Em Poker Tournament Fundraiser on Feb. 25, from 11 a.m. to 5 p.m. at Copper Creek Golf Club …
Read MoreNew fertilizer plant could make its home in Lee County
Lee County is being considered as the site for a $1.3 billion nitrogen fertilizer plant for a business called Iowa Fertilizer Co., The Des Moines Register reported.
The project could create 165 jobs in the …
Read MorePartnership hosts trade exchange luncheon
The Greater Des Moines Partnership hosted a Chinese trade delegation on Thursday afternoon.
Partnership CEO Jay Byers welcomed the delegation, which included Zhang Qingwei, the governor of Hebei Province, and discussed Central Iowa’s expansive export …
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