Archive for December 2012
Iowa banks continue to show improvements
The state’s 340 banks showed improvements in deposits, lending and profitability in the third quarter, according to a report from the Federal Deposit Insurance Corp.
Return on assets, a key measure of profitability and performance, improved to …
Read MoreCitigroup to cut 11,000 jobs
Citigroup Inc will eliminate 11,000 jobs worldwide, about 4 percent of its total staff, in a move to save as much as $1.1 billion a year in expenses, Reuters reported. The move will initially result in …
Read MorePrincipal announces executive changes
Principal Financial Group Inc. has named Julia Lawler, currently senior vice president and chief investment officer, as senior vice president for investment services. Tim Dunbar, currently senior vice president for strategy and finance, will replace …
Read MoreThe First Tee takes over Skywalk Golf fundraiser
The First Tee will carry on the annual Skywalk Golf fundraising event in 2013 as the event’s sole producer and beneficiary of the funds raised, the organization announced. “The event just made sense for The …
Read MoreArt Noir hosts holiday event
Art Noir will host Holiday Studio on Dec. 6 from 6 to 9 p.m. at Art Center studios. Event attendees can make holiday gifts and decor including wreaths and ornaments.
Event cost is $15 for …
Read MoreYounkers building to become apartments
The Des Moines City Council approved $3 million in federal funding to convert the old Younkers building into 120 income-restricted apartments, The Des Moines Register reported.
Mayor Frank Cownie, was disappointed that the project would …
Read MoreGrant aims to increase number of skilled workers
About 4,400 students will receive funding from a new state grant aimed at increasing the number of skilled workers in the state, according to the Iowa College Student Aid Commission.
The Iowa Skilled Workforce Tuition …
Read MoreHealth officials: Hospital safety grades misleading
Iowa Health – Des Moines officials added their voice to a chorus of protests by hospitals over the methods used by The Leapfrog Group to rate hospital safety.
Last week The Leapfrog Group, a national …
Read MoreFed officials debate need for further stimulus
Central bankers appear satisfied with the impact of their latest monetary stimulus, although there is some disagreement over how forcefully to continue purchasing bonds, Reuters reported.
Boston Federal Reserve Bank President Eric Rosengren, one of the …
Read MoreHouse prices increased in Greater Des Moines
Greater Des Moines house prices increased 2.1 percent, including distressed sales, over the year ending in October, real estate analytics firm CoreLogic Inc. said today. Prices edged up 0.3 percent from September to October. Nationally, …
Read More