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Statewide News

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Woody’s Smoke Shack ends a 10-year-run; new owner expected

Des Moines Register: The owner of Woody’s Smoke Shack in Des Moines has closed the popular barbecue restaurant and is hoping to sell it soon. Steve “Woody” Wasson has been operating Woody’s Smoke Shack at 2511 …
By BPC Staff | Feb 2, 2018
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WHO Radio owner misses $106 million interest payment

MarketWatch: IHeartCommunications Inc. said today that it is skipping a $106 million interest payment on bonds as it continues to work with creditors on a restructuring of its massive debt load. The company, which operates the …
By BPC Staff | Feb 1, 2018
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DowDuPont says company spinoffs will happen in 14 to 16 months

Wall Street Journal: DowDuPont Inc. today raised its forecast for cost savings from its push to divide itself into three companies and updated its timeline to complete the process. The chemical giant, formed from the August …
By BPC Staff | Feb 1, 2018
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Iowa utilities will deliver $147 million in tax reform savings to consumers

Des Moines Register: Iowans could see up to a $147 million reduction on their heating and cooling bills as a result of federal tax reform. MidAmerican, Alliant and other investor-owned utilities in Iowa will save millions …
By BPC Staff | Jan 30, 2018
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Casey’s makes bid for Kroger’s convenience stores

CNBC: Casey’s General Stores, under pressure from activist investor JCP Investment Management, has submitted an initial bid for Kroger’s roughly $2 billion convenience store business, sources familiar with the situation said. JCP Investment Management in January …
By BPC Staff | Jan 30, 2018
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Palo’s Duane Arnold nuclear plant could close in 2025

Corridor Business Journal: The owner of the Duane Arnold Energy Center nuclear power plant near Palo says the plant will likely close in 2025, about nine years earlier than it is licensed to operate. The potential …
By BPC Staff | Jan 29, 2018
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Rockwell Collins gets earnings bump from B/E Aerospace

Cedar Rapids-based Rockwell Collins Inc. reported sales for the first quarter of fiscal year 2018 of $2.01 billion, a 69 percent increase from the same period in fiscal year 2017. Revenue growth was 9 percent …
By BPC Staff | Jan 26, 2018
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Nearly 200 to be laid off at Fort Madison wind blade factory

Burlington Hawk Eye: The Siemens wind blade manufacturing plant in Fort Madison is laying off almost 200 employees. A Siemens Gamesa spokesperson said “a difficult decision has been made to adjust the Fort Madison workforce by …
By BPC Staff | Jan 26, 2018
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Iowa Senate proposes millions more in cuts to regents, community colleges

Cedar Rapids Gazette: An Iowa Senate bill scheduled for discussion this afternoon would nearly quadruple the cuts that Gov. Kim Reynolds proposed earlier this month for the Board of Regents in the current budget year. The …
By BPC Staff | Jan 25, 2018
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Court Avenue’s Goldfinch restaurant closing

Des Moines Register: Goldfinch, the Court Avenue restaurant that focused on fresh and local foods, will close on Saturday. Restaurant officials would not elaborate on why Goldfinch was being shuttered, but said they were “working on …
By BPC Staff | Jan 24, 2018