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Retail and Business

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By the dollars: Father’s Day spending projections

To show dad how much they care, consumers plan to bump up spending on gifts and outings this Father’s Day, with total spending estimated to reach $12.7 billion, according to a National Retail Federation (NRF) …

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Consumer confidence rises for fourth week

Low fuel prices and low mortgage rates have spurred consumer confidence for the fourth week in a row, according to Bloomberg.

The Bloomberg Consumer Comfort Index rose to negative 36.4 from negative 37.6 from the previous week. …

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Jobless claims rose last week

Initial claims for jobless benefits rose last week by 6,000, the Bureau of Labor Statistics announced today, a rise economists were not expecting and a further sign that the labor economy is starting to slow. …

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Retail and food sales drop in May

Retail and food services sales declined 0.2 percent from April to May, according to an advance report released this morning by the U.S. Census Bureau.

The advance report, a sampling from a full report to …

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Kum & Go gets new marketing VP

Kum & Go LC has named David Miller as its new senior vice president of marketing.

Miller previously worked for Iron Horse Interactive LLC, a California multichannel marketing company, and has worked with companies such …

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Business buyers spend $3.5 billion annually

A new report shows that the small business owners make a “substantial” investment in financial services during an ownership transition.

BizBuySell.com, a business sales website, estimated that new business owners spend about $3.5 billion in …

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Job prediction positive for third quarter

A private employment index predicts that U.S companies will hire more people in the third quarter.

Manpower Inc.’s employment index rose to 11 percent, the highest level in four years, according to Bloomberg. 

The report …

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Telecom group acquires Vital Support Systems

Telephone and Data Systems Inc., parent company of TDS Telecommunications Corp., announced the acquisition of Vital Support Systems LLC, based in Des Moines, for a purchase price of $45 million.

Vital generated annual revenues of …

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Iowa business tour

1. Plant to close
SIOUX CENTER — A Sioux Center plant that manufactures furnishings for the medical industry will close this fall. A Nemschoff Inc. spokesman attributed the decision on the downturn in the U.S. …

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State’s top executives more optimistic about economy

One indicator of the state’s business health is again showing improvement. The Iowa Business Council’s quarterly economic outlook survey found that Iowa’s largest employers are more optimistic when it comes to company sales, capital spending, …

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