Archive for March 2012
Toro and Ryan plan distribution center in Ankeny
Minnesota-based Toro Co. announced today it will team with Ryan Companies US Inc. to build a 450,000-square-foot distribution center in Ankeny. Toro, which manufactures a variety of lawn and turf equipment for contractors and residential …
Read MoreOPEC nations outpace foreign buyers of U.S. government debt
Members of the Organization of Petroleum Exporting Countries are plowing cash into U.S. Treasuries at a more than 50 percent faster rate than all other foreign investors, an unintended benefit of oil prices above $100 …
Read MoreU.S. turned a profit on sales of mortgage-backed securities
The U.S. Treasury Department sold one of its financial-crisis era portfolios of mortgage-backed securities and made a $25 billion profit, the department announced today.
The Treasury Department bought $225 billion worth of mortgage-backed securities during …
Read MoreHome builders remain confident
A measure of sentiment for builders of new single-family homes in March stayed at the highest level in close to five years after a downward revision to the preceding month, MarketWatch reported after the release …
Read MoreConfusing health-care tax credit causes business owners to turn backs on $20 billion
A health-care tax credit is supposed to help small companies, but it’s so confusing that many owners will forgo about $20 billion over 10 years, according to the Congressional Budget Office, CNNMoney reported. The tax …
Read MoreAgency expects nuclear energy use to double
Global use of nuclear energy could increase by as much as 100 percent in the next two decades on the back of growth in Asia, even though groundbreakings for new reactors fell last year after …
Read MoreUPS poised to become largest deliverer in Europe
United Parcel Service Inc. (UPS) will pay $6.85 billion for Dutch peer TNT Express NV in a deal making the world’s largest package delivery company the market leader in Europe, Reuters reported. UPS will also …
Read MoreApple will pay first dividend since 1995
Apple Inc. said today that it will initiate a quarterly dividend of $2.65 a share in the fourth fiscal quarter of this year, its first dividend payout since 1995, MarketWatch reported. The company’s stock has …
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