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Tax credit expires, effect on housing market TBD

The 2010 Home Buyer Tax Credits expire today. One national survey found that is unlikely to deter Des Moines area residents who are seeking to purchase homes, but some analysts are less sure.

The survey, …

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GDP rises, points to end of recession

The U.S. economy grew in the most recent quarter, which was the third consecutive improvement.

The gross domestic product (GDP), the broadest measurement of economic activity, rose at a 3.2 percent annual rate in first …

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Report says administration poised to advance green building practices

A report released today by the U.S. Green Building Council (USGBC) said the Obama administration is authorized to take on a more active role in greening the nation’s multifamily and commercial properties.

“Using Executive Authority …

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Droid helps Motorola emerge from sales slump

Motorola Inc. posted its smallest revenue decline in three years, and its stock price jumped as much as 8.5 percent on the New York Stock Exchange, Bloomberg reported.

Strong first-quarter sales of the U.S. mobile …

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Ticker: April 29

West Des Moines-based American Equity Investment Life Holding Co. will host an Investor Day on May 27 in New York City. Presentations by the company’s management will provide information on strategy, investments and asset quality, …

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Republicans stick together on financial reform vote

Senate Republicans unanimously voted again to block debate on legislation rewriting the rules of the U.S. financial industry, embracing a strategy that party lawmakers argue will yield political and policy gains, Bloomberg reported.

Democrats say …

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Two regional blood centers announce merger

The Blood Center of Iowa and Siouxland Community Blood Bank announced this morning that the two nonprofit blood centers have officially merged operations and will now be known as LifeServe Blood Center. The decision to …

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Ticker: April 28

Meredith Corp. posted a better-than-expected quarterly profit, helped by growth in advertising revenue, Reuters reported. The media company’s net income in its fiscal third quarter, which ended March 31, increased to $33.3 million, or 73 …

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Chicago retail vacancies, asking rates jump in first quarter

Chicago-area landlords felt the effects of an embattled real estate market in the first quarter as the vacancy rate in the city’s retail properties rose to 12.1 percent, Crain’s Chicago Business reported.

That increase, from …

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Cash investors weary of waiting

High vacancy rates may push U.S. commercial real estate investors to seek other opportunities, Bloomberg reported.

Weak demand and a decline in commercial mortgage-backed financing continues to stifle a rebound in the commercial real estate …

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