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December sales beat forecast; up 2.9 percent

Overall same-store sales for 30 retail chains increased 2.9 percent in December, far outperforming a 3.6 percent decline a year earlier, CNNMoney.com reported.

And though consumers turned out last month to boost crucial holiday sales, …

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Mesa files for Chapter 11 bankruptcy

Mesa Air Group Inc. filed for Chapter 11 bankruptcy protection Tuesday, citing an untenable financial situation. The Phoenix-based regional airline is asking a federal bankruptcy court to allow it to continue flying and operating during …

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Court planners see Wellmark building as key

A consulting company told the Polk County Board of Supervisors this morning that acquiring the Wellmark Blue Cross and Blue Shield building at the corner of Fifth Avenue and Mulberry Street would be the best …

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Ticker: Jan. 6

The Central Iowa Breakfast, Business & More meeting scheduled for Thursday morning has been cancelled. The event was scheduled to begin at 7 a.m. at the Holiday Inn Downtown, featuring Kristi Maitre from the Internal …

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Partnership renews lease in bank-owned building

The Greater Des Moines Partnership has renewed its lease at 700 Locust St. for five years.

Keith Olson, the Ruhl & Ruhl Commercial Co. associate who brokered the deal, said the building’s owner, Oklahoma City-based …

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CMBS loans delinquency rates soar

The delinquency rate, defined as the percentage of loans 30 or more days past due, for commercial mortgage-backed securities (CMBS) rose 0.42 percentage point last month to 6.07 percent, Reuters reported.

According to Trepp LLC, …

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Ticker: Jan. 5

Prudential Financial Inc., the second-biggest U.S. life insurer, completed the sale of its minority stake in its retail brokerage joint venture with Wells Fargo Advisors to Wells Fargo & Co. for $4.5 billion. Prudential had …

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Survey: Bank overdraft fees ‘beneficial’

A majority of Iowans find the overdraft protection programs offered by their banks and credit unions to be beneficial, according to a survey commissioned by the state’s two largest financial services trade associations.

According to …

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Construction employment, spending see new lows

Construction employment declined in 324 out of 337 metropolitan areas during the past year, along with a decrease in construction spending, according to an analysis of federal figures by the Associated General Contractors of America …

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Manufacturers report an increase in purchase orders

Manufacturing activity jumped in December, signaling growth in the sector for a fifth consecutive month, CNNMoney.com reported.

The Tempe, Ariz.-based Institute for Supply Management’s (ISM) index of U.S. manufacturing rose to 55.9 from 53.6 in …