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Unemployment rises more than expected, sweeps most sectors of the economy

Health-care employers continue to add jobs during the recession, but workers in most other sectors of the economy are suffering as the unemployment rate rose to 9.8 percent, the U.S. Bureau of Labor Statistics (BLS) …

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Tickers: October 2

Jack Gross, a West Des Moines resident who was the subject of a key U.S. Supreme Court decision that held claims of age discrimination to a higher standard of proof than that applied to race …

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Ticker: Oct. 1

Bank of America Corp. CEO Ken Lewis will retire at the end of the year, CNNMoney.com reported Wednesday. No successor was named. He will also step down from the board, and was stripped of his …

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Construction spending up for August but down for year

Construction spending during August 2009 was estimated at a seasonally adjusted annual rate of $941 billion, 0.8 percent above the revised July estimate of $934.6 billion, according to a U.S. Census Bureau report released today. …

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Personal income and spending up, but so are initial unemployment claims

Two important economic indicators — personal spending and personal income – showed positive signs in August, according to a U.S. Department of Commerce report released today.

However, first-time filers for unemployment insurance jumped for the …

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Bankers see “improvements” in revised consumer agency

The head of the American Bankers Association (ABA) this morning acknowledged “improvements” to the newest version of legislation to create a Consumer Financial Protection Agency (CFPA), but continued to express concerns about the effects such …

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Deere to take $300 million charge to earnings

Deere & Co., the world’s largest maker of farm equipment, said it would record a non-cash charge of about $300 million in its fourth quarter related to its landscapes unit, according to a Reuters report.…

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Vacation timeshares drop at record pace

U.S. vacation timeshare sales may fall the most this year since the industry gained popularity in the 1970s, as consumers forgo spending to ride out the recession, Bloomberg reported.

Sales may drop 30 percent this …

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Stetson move clears way for Riverpoint redevelopment work

Another step toward redevelopment of the Riverpoint West area will begin soon as workers demolish the former headquarters of Stetson Building Products Inc. at 510 S.W. Ninth St.

Stetson Building Products, which had been searching …

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Ticker: Sept. 29

Gannett Co Inc.’s forecasted third-quarter profit of 39 cents to 42 cents a share, which was well above analyst estimates, sent its share price soaring 18 percent in early trading today, according to Reuters.com. Gannett …