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Smart phone competition to drive supply, hinder profits

A heated competition in the global smart phone market may not bode well for handset vendors’ profit margins, Reuters reported.

Handset vendors such as Nokia, Samsung Electronics and Research in Motion are rolling out new …

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Ticker: July 30

West Bancorporation Inc. reported a net income available to common shareholders of $2 million, or 12 cents per share, for the second quarter of 2010, compared with a net loss of $22.8 million, or $1.32 …

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75 percent of U.S. cities see foreclosure filings rise

Toxic mortgages are no longer the leading cause of foreclosures in the United States. The country’s homeowners have a new leading enemy — unemployment.

Foreclosure filings during the first half of the year climbed in …

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Wells Fargo CEO: Customers to feel burden of financial reform

Last week’s 2,300-page overhaul of financial regulation could mean that consumers, not just banks, will bear the financial burden of the regulations, Wells Fargo & Co. CEO John Stumpf told Bloomberg.

Stumpf said that he …

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Durable goods orders take unexpected tumble

New orders for long-lasting U.S. manufactured goods unexpectedly fell for a second straight month in June, posting their largest decline since August, providing further evidence that economic growth cooled in the second quarter, Reuters reported. …

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Ticker: July 28

Pioneer Hi-Bred International Inc. has increased both its corn and soybean market shares in North America this growing season. For the first half of the year, the Johnston-based company increased global seed sales by 14 …

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Ticker: July 27

E.I. du Pont de Nemours & Co. posted second-quarter earnings today, showing significant increases from the second quarter of 2009. Earnings per share rose to $1.26 in the second quarter of 2010, an increase of …

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Home prices rise in May

Home prices in 20 metropolitan cities in the United States rose in May, recording the biggest year-over-year increase since August 2006.

According to the Standard and Poor’s/Case-Shiller index of property values, prices rose 4.6 percent …

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Unemployment fears drive confidence down in July

Consumer confidence fell again in July, a sign that the scarcity of jobs is keeping consumers pessimistic.

A monthly survey by the Conference Board showed that the organization’s confidence index dropped from 54.3 in June …

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Business-loan bill could create $300 billion in ‘junk’ loans

President Barack Obama is on the verge of creating as much as $300 billion in credit for small businesses as bankers raise doubt about whether there’s demand for new loans and how much will be …