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Remodelers are staying busy

An index of remodeling activity has reached its highest level since the first quarter of 2004. The index, compiled by the National Association of Home Builders, reached 55 in the fourth quarter of 2012, increasing …

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PayPal planning major changes to ‘frozen funds’ policy

PayPal says it is readying a fundamental shift in its business practices in an effort to make its money-exchange website more user friendly, CNNMoney reported.

PayPal’s overzealous fraud filters have frustrated customers for years, with …

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Electrical power woes still causing Dreamliner nightmares

U.S. safety investigators have ruled out excess voltage as the cause of a battery fire this month on a Boeing Co. 787 Dreamliner jet operated by Japan Airlines Co. Ltd. and said they were expanding the probe to …

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IEDA approves projects for development incentives

The Iowa Economic Development Authority (IEDA) board has awarded financial assistance to nine companies for job creation and expansion projects that could lead to the creation of 318 jobs and more than $212 million in …

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Year-end rush pushed addition of wind power

 

U.S. wind power accounted for 6 percent of the nation’s total electricity generation capacity after developers rushed to finish projects before expiration of a subsidy, Bloomberg New Energy Finance said. The threat that the U.S. …

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Hoping to dodge a doomsday asteroid, Atari files to reorganize finances

Atari SA’s U.S.-based video-game-making businesses have filed for bankruptcy protection in Manhattan with the intention of separating from their unprofitable French parent and seeking independent funding, Bloomberg reported. New York-based Atari Inc., maker of video …

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IowaBiz blog: Taking inventory

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Gates stakes a claim to Egyptian company that bought Weitz construction

Bill Gates is leading a group of U.S. investors committing $1 billion for a stake in construction and fertilizer company OCI NV in one of Egypt’s largest foreign currency inflows since the 2011 uprising, Bloomberg reported.

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Consumer sentiment still dropping, thanks to D.C. squabbling

Consumer sentiment unexpectedly deteriorated for a second straight month to its lowest point in over a year in January, with many consumers citing the recent “fiscal cliff” debate in Washington, according to a survey released …

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Simpson and Indianola organizations launch business incubator

Simpson College students will be invited to make their business dreams a reality under a new collaborative venture launched by the college, the Indianola Development Association and Indianola Municipal Utilities. The working title of the project …