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Rebuilding confidence

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Harkin: Tax credit award will assist underserved communities

The U.S. Department of Treasury awarded $215 million in tax credits to three Iowa-based organizations investing in rural and urban low-income communities, Sen. Tom Harkin announced yesterday.

Iowa Community Development LC of Johnston, Midwest Renewable …

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Drop in consumer spending follows expiration of auto incentive

Fears that consumers might cut their spending heading into the fourth quarter were further fueled today, following the release of an U.S. Commerce Department report.

U.S. consumer spending fell 0.5 percent in September, the first …

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Ticker: Oct. 30

The John and Mary Pappajohn Sculpture Park was featured today in a New York Times article by Betsy Rubiner. The article titled ‘Cure for urban blight: Plant lots of sculpture’ focuses on the positive effect …

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Ticker: Oct. 29

Meredith Corp. today reported earnings per of 18.3 million, or 40 cents per share in tis fiscal 2010 first quarter which ended Sept. 30, down from $18.6 million, or 41 cents per share, a year …

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Initial jobless claims dropped less than expected

Despite the increase in the country’s gross domestic product, the labor market continues to struggle more than analysts had expected.

For the week ended Oct. 24, there were 530,000 initial unemployment claims filed, down 1,000 …

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GDP grows, ending nation’s longest losing streak

The four-quarter losing streak is over – but is it over for good?

The United States’ gross domestic product grew at an annual rate of 3.5 percent in the third quarter, which ended a four-quarter …

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Ticker: Oct. 28

The Federal Deposit Insurance Corp. (FDIC) is warning businesses and consumers to beware of phishing e-mails asking recipients to download and open a “personal FDIC insurance file” to check their deposit insurance coverage. These e-mails, …

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Principal, Banco do Brasil extend partnership

Principal Financial Group Inc. and Banco do Brasil SA have signed a memorandum of understanding that would extend Principal’s pension joint venture with the bank for the next 23 years.

Under the terms of the …

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Round three for GMAC?

The U.S. Treasury Department is in talks with GMAC Financial Services Inc. about a possible third infusion of cash into the company, an Obama administration official confirmed on Tuesday night, Reuters reported.

The official declined …

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