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Coralville TIF districts contribute to lower debt rating

Moody’s Investors Service Inc. has dropped its rating of the city of Coralville’s $93.5 million of general obligation unlimited tax debt to Baa3 from Baa2 and changed the rating on the city’s $146.6 million of …
By BPC Staff | Dec 15, 2015
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KemPharm seeks FDA approval for hydrocodone substitute drug

KemPharm Inc. today announced that it has submitted a new drug application with the U.S. Food and Drug Administration for its abuse-resistant, immediate-release version of the painkiller hydrocodone. If priority review by the FDA is …
By BPC Staff | Dec 15, 2015
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Midlands Choice CEO to retire in March; new CEO named

Thomas Press

Midlands Choice, a regional preferred provider organization serving Nebraska, Iowa and South Dakota, announced that its president and CEO, Thomas Press, will retire in March. The Omaha-based organization’s board has selected Greta Vaught, …
By BPC Staff | Dec 15, 2015
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Why Wall Street wants higher interest rates

Wall Street will be happy if the Federal Reserve raises interest rates Wednesday as expected, CNNMoney reported.   That’s because the Fed’s delayed actions in the face of a slow recovery from the Great Recession sent…
By BUSINESS RECORD STAFF | Dec 15, 2015
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UI innovation helps reduce wood use, emissions from cooking

A University of Iowa researcher came up with a simple metal plate that may reduce harmful emissions from burning wood. Engineering professor H.S. Udaykumar, in a paper published in the November issue of Solutions, reported …
By BPC Staff | Dec 15, 2015
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Homeowners gained equity in the third quarter

Greater Des Moines homeowners gained some ground in the third quarter on the value of their homes, according to a report from real estate analytics firm CoreLogic Inc. A little less than 7,500, or 6 …
By BPC Staff | Dec 15, 2015
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Dow, DuPont merger would mean huge tax savings

The tax-free treatment of the spinoffs Dow Chemical Co. and DuPont Co. plan after they merge is one of the main forces behind the deal and could save tens of billions of dollars, Reuters reported. “The whole …
By BPC Staff | Dec 15, 2015
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Record number of families seek holiday aid

A record number of 265 Boys & Girls Clubs of Central Iowa families have reached out for help this holiday season by signing up for the annual Embrace-A-Family program. Individuals, groups and organizations are invited …
By BPC Staff | Dec 15, 2015
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Regulator to big banks: Rescue yourselves next time

The largest U.S. banks will soon have to take the additional step of showing regulators how they can keep from failing in the first place, Bloomberg Business reported. The Office of the Comptroller of the Currency, which …
By BPC Staff | Dec 15, 2015
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Facebook challenge started to cover Jolly Holiday Lights losses due to flooding

  Watch this challenge video with Eric Crowell, Ed Brown and Bob Ritz. >>>   A power outage and flooding, which shut down the Jolly Holiday Lights tour for the rest of the season, created…
By ANNE CAROTHERS | Dec 15, 2015