Archive for May 2012
Facebook stock price drops 18 percent lower than IPO
The price for a share of stock in Facebook Inc. dropped today 18 percent below the $38 price of its initial public offering, down to $30.98 a share at one point. Facebook set a record …
Read MoreExisting home sales up 3.4 percent
The National Association of Realtors said today that for the first time in three months, sales of existing homes increased.
The association’s monthly figures, which measure purchases of previously owned homes, increased 3.4 percent in …
Read MoreFTC continues probe into Google
Annuity, indexed life sales up from 2011
First-quarter U.S. indexed annuity sales were $8 billion, an increase of more than 13 percent from the first quarter of 2011 but a nearly 3 percent decrease from the fourth quarter of 2011, according to …
Read MoreWells Fargo looking to expand European assets
Wells Fargo & Co. is planning to add to its $444 billion asset-management unit and double its size in seven years, a bank executive told Bloomberg today during the bank’s investors meeting in San Francisco. …
Read MoreAppcore announces partnership to expand to the Philipinnes
Des Moines-based Appcore LLC announced Monday that is has partnered with a telecommunications and information technology provider in the Philippines to further develop its cloud computing services and offer them in that country.
Appcore has partnered with …
Read MoreWittmack to keynote TMG client conference in San Diego
The Members Group (TMG), a Clive-based company that provides payment card processing and services to financial institutions, has announced that the agenda for its 2012 client conference will feature Des Moines adventurist Charlie Wittmack as …
Read MoreA small business network is near you
The Greater Des Moines Partnership said today that it has launched an online economic development tool to help small business owners and entrepreneurs find resources via a “one-stop shop.”
Central Iowa Sourcelink went live on …
Read MoreJPMorgan suspends stock buyback until it corrects trading losses
JPMorgan Chase & Co. has suspended repurchases of its stock while it tries to get out of money-losing derivatives trades that have cost it at least $2 billion, CEO Jamie Dimon said today, Reuters reported.…
Read MoreExhibitors chosen for Innovation Zone conference
Five Greater Des Moines companies will receive free exhibit space and conference registrations during the Innovation Zone conference June 13-15. The companies also qualify for the best of show title, with free entry to the …
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