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Iowa Utilities Board affirms MidAmerican payments on wind project

MidAmerican Energy Co. will be required to pay its electric customers $2 million annually in energy adjustment clause credits as a condition of approval of its proposed “Wind IX” generation project. The Iowa Utilities Board …

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Strong dollar bodes ill for small manufacturers

Midsized U.S. manufacturers are likely to bear the brunt of the dollar’s climb that has lifted it nearly 10 percent against the euro and 7 percent against major currencies since mid-December, Reuters reported.

 

Foreign exchange …

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Biden to speak at Drake on Thursday

Vice President Joe Biden, a possible candidate for president, will speak at Drake University on Thursday (Feb. 12) on the Obama administration’s economic policies, his office announced today. Details will be released later.  …

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Abdul-Samad honored at Black History Month Celebration

Bankers Trust today hosted a special reception celebrating Black History Month and honoring state Rep. Ako Abdul-Samad at its East Branch location, 150 E. Euclid Ave., Des Moines. Abdul-Samad has been a member of the …

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FBL Financial reports fourth-quarter earnings

FBL Financial Group Inc. on Thursday reported net income for the fourth quarter of 2014 of $28.1 million, or $1.13 per common share, compared to $27 million, or $1.07 per common share, for the fourth …

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Partnership, ICAN to collaborate on college planning events

The Greater Des Moines Partnership announced a strategic collaboration with Iowa College Access Network (ICAN) to deliver college and career readiness programming and resources to students and parents across Central Iowa. As part of the …

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Specialty grocery chain signs lease for new West Des Moines development

The Fresh Market Inc. signed a 10-year lease on Dec. 24 for space in the Mills Crossing mixed-use center that is being developed by Hurd Real Estate Services Inc. at 60th Street and Mills Civic …

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Des Moines Home + Garden show set for next week

The 2015 Des Moines Home + Garden Show will run Feb. 12 through Feb. 15 at the Iowa Events Center. Feature presenters include Matt Blashaw, the host of Yard Crashers on HGTV and the DIY …

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Pella exec named Iowa Lean Champion

The Iowa Lean Consortium has named Karin Peterson, vice president of human resources at Pella Corp., as the 2014 Iowa Lean Champion. The award was created to honor a leader who has made significant contributions …

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Marsh & McLennan earnings down in fourth quarter, revenues up across all businesses

Marsh & McLennan Cos. reported net income of $294 million in the fourth quarter, a slight decline from the year-ago period. Consolidated revenue was $3.2 billion for the quarter, up 4 percent from the fourth …