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Barilla announces $26.8 million expansion

Barilla announced Friday that it is planning a $26.8 million expansion at its Ames plant, KCCI Channel 8 reported. The expansion will add two new production lines to the plant, including a gluten-free pasta line. Company …

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Citigroup loses more than $150 million amid Swiss currency debacle

Citigroup Inc., the world’s biggest currencies dealer, lost more than $150 million after the Swiss central bank decided to let the franc trade freely against the euro, Bloomberg reported. The losses took place on Citi’s trading desks …

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Consumer prices drop is largest in six years

U.S. consumer prices recorded their biggest decline in six years in December and a gauge of underlying inflation failed to rise, which could make the Federal Reserve more cautious about raising interest rates, Reuters reported.  Other …

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Morning business headlines: 1-16-15

GOP makes U-turn on net neutrality

Politico: Republicans in Congress are doing a 180 on net neutrality as the Federal Communications Commission prepares to issue new rules within weeks. For years, GOP lawmakers have adamantly …

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IRS promotes Free File tax software

Beginning today, free federal tax preparation and e-filing software will be available to all Americans with a 2015 adjusted gross income of $60,000 or less, the Internal Revenue Service announced. The software is provided through …

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MidAmerican Energy ranked highest by business customers

For a second consecutive year, MidAmerican Energy Co.’s business customers have rated the utility highest for overall satisfaction in its segment in the J.D. Power Electric Utility Business Customer Satisfaction Study. The 2015 study, released …

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Farm Bureau gives $15,000 award to Iowa startup

Scout Pro Inc., an Iowa startup that develops and deploys mobile crop scouting software that helps farmers and scouts identify weeds, insects and diseases common to corn and soybean production, was named the winner of …

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Stores closing, moving at Jordan Creek Town Center

Shoppers will be seeing changes at Jordan Creek Town Center in West Des Moines as retailers leave, others move and new stores open, The Des Moines Register reported. Teen retailer Abercrombie & Fitch will close its …

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Thin details of scaled-back convention center hotel go before IEDA today

The Iowa Economic Development Authority will receive an update today on scaled-back plans for a convention center hotel in Des Moines.

 

The review comes at a time when leaders from the public and private …

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University of Iowa president to retire in August

University of Iowa President Sally Mason announced today that she will retire after eight years at the school’s helm. 

Mason, 64, became UI’s 20th president in August 2007, less than a year before the campus …