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Proposed legislation may help small banks, but likely to target small businesses

A new bill introduced by U.S. Reps. Ed Perlmutter and Mike Coffman could relieve some of the pressure small banks are under in the commercial real estate lending market, GlobeSt.com reported.

The bill, Capital Access …

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Targets profits signal consumer comeback

Target Corp. posted higher-than-expected earnings for its fiscal first quarter, a sign that consumers with slightly more financial stability are migrating back to stores such as Target as the recession wanes.

Reuters reported that the …

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U.S. cost of living drops

The cost of living in the United States fell in April for the first time in more than a year, Bloomberg reported.

According to figures released today by the Labor Department in the Consumer Price …

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Ticker: May 19

Johnston-based ALL Fuels & Energy announced yesterday that it has secured an extension of its period of exclusivity in which to negotiate and sign an agreement to purchase an ethanol plant located in the Midwest. …

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Ticker: May 18

Swift Pork Co., Marshall County’s largest employer, is planning a major expansion of its Marshalltown facilities with construction of a $39.6 million Midwestern Distribution Center. Swift’s parent company, Greeley, Colo.-based JBS USA Holdings Inc., has …

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Housing starts highest since 2008; future uncertain

Despite positive figures for privately owned housing starts, the number of building permits, an indicator of future construction, dropped to its lowest level in six months.

Housing starts rose to a seasonally adjusted annual rate …

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Business new doesn’t happen only once a week. And neither does the coverage of the Des Moines Business Record.

The Business Record Daily is an electronic newsletter focusing on breaking business news and notes, delivered …

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Recovery is strong, but out of balance

The U.S. economy may return to its pre-crisis peak next quarter after a recovery that a former Federal Reserve official described as “surprisingly strong, historically weak.”

The advance has “substantially exceeded expectations but remains well …

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U.S. securities attract foreign investors

Global demand for long-term U.S. financial assets strengthened in March to a record as investors from China to the United Kingdom purchased the most Treasury securities since November, according to a U.S. Treasury Department report.…

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Ticker: May 17

Nonstop flight service between Des Moines International Airport and Branson Airport in Branson, Mo., kicked off today. The service will operate five days a week – Monday, Tuesday, Wednesday, Friday and Saturday – with a …