Archive for December 2012
China still buying American
China’s U.S. shopping spree continues, Bloomberg Businessweek says.
On Dec. 9, Chinese auto parts and technology company Wanxiang Group won a bankruptcy auction to acquire lithium-ion battery-maker A123 Systems for $256.6 million, beating out competing …
Read MoreMore wind from MidAmerican
MidAmerican Wind, a subsidiary of MidAmerican Energy Holdings Co., said it has completed its 81-megawatt Bishop Hill II wind project. The project, located in Henry County, Ill., features 50 General Electric 1.62-megawatt wind turbines. Bishop …
Read MoreIndexed annuity, indexed life sales up
Despite record-low interest rates, third-quarter sales of indexed annuities reached $8.7 billion, an increase of one-quarter of 1 percent compared with the year-ago period, according to AnnuitySpecs.com‘s Indexed Sales & Market Report. The report summarizes …
Read MoreRetailers set holiday-hiring record in November
Retailers added 465,500 seasonal workers in November, the most ever added during what is typically the busiest hiring month of the holiday hiring season, according to an analysis of data from the U.S. Bureau of …
Read MoreFannie Mae survey finds growing confidence in housing market, economy
Americans are showing increased confidence in the housing market and the direction of the economy, according to government-controlled mortgage giant Fannie Mae, MarketWatch reported. “Consumer attitudes toward both the economy and the housing market continue …
Read MoreTest Article
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Read MoreConstruction firms build profits with home mortgages
Construction is taking a back seat to lending for some U.S. home builders, turning the uneven housing recovery into an earnings boom, Bloomberg reported.
At PulteGroup Inc., the second-largest builder by market value, mortgage revenue …
Read MoreMen and women on equal footing in recovering lost jobs
As of November, men and women have gained back half the jobs they lost during the financial crisis, CNNMoney reported.
The recession hit male-dominated industries such as construction and manufacturing far harder than female-dominated industries …
Read MorePassenger rail forum set for Wednesday
A forum on passenger rail service from Chicago to Omaha is scheduled for Wednesday at the Des Moines Botanical and Environmental Center, 909 Robert D. Ray Drive. Iowa Department of Transportation (DOT) staff will be …
Read MoreGoogle goes to Bermuda, avoids $2 billion in taxes
Google Inc. avoided about $2 billion in income taxes worldwide in 2011 by shifting $9.8 billion in revenues to a Bermuda shell company, almost double the total from three years before, Bloomberg reported. By legally …
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