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Air Force buys Avenger drone from General Atomics

By William Hennigan, Los Angeles Times – LOS ANGELES — The Air Force has bought a new hunter-killer aircraft that is the fastest and largest armed drone in its fleet. The…

How investors fared: A ‘pretty good year’

How investors fared: A ‘pretty good year’

LOS ANGELES — When it comes to stocks, the U.S. is unexpectedly sitting on top of the world. Stock markets from Berlin to Shanghai to Sao Paulo ended 2011 with…

Markets end year barely changed, despite turbulence

By Drew DeSilver, The Seattle Times – SEATTLE — In a year when stocks swung wildly from day to day based on perceived macroeconomic risk, it was Europe’s long-running debt crisis,…

Telebrands, Inc. Agrees to Refunds for Iowa Consumers

(DES MOINES, Iowa)  A New Jersey direct television marketing company has agreed to pay $10,500 for full refunds to Iowans who were charged for memberships in its “Everyday Savings Club”…

Fallout from back surgery product case prompting reforms

By John Fauber, Milwaukee Journal Sentinel MILWAUKEE — Even before it went on the market in 2002, doctors were talking about how the back surgery product known as bone morphogenetic protein-2…

Freddie Mac: Interest rates on 30-year home loans hit new lows

By Donna Gehrke-White, Sun Sentinel – Average interest rates on 30-year, fixed-rate home loans hit a new low at 3.91 percent last week, while 15-year, fixed-rate mortgages stayed at its record…

Verizon to begin charging $2 fee for many online bill payments

By David Sarno, Los Angeles Times LOS ANGELES — Verizon Wireless is about to make paying your monthly cellphone bill a little more expensive. Starting Jan. 15, the nation’s leading mobile…

Eaton Completes Acquisition of Medium Voltage Switchgear Manufacturer E.A. Pedersen Company

CLEVELAND – Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced it has completed its acquisition of E.A. Pedersen Company, a manufacturer of medium voltage switchgear primarily for the electrical utilities…

2011 is the Best Holiday Ever for Kindle

SEATTLE–(BUSINESS WIRE)–Dec. 29, 2011– (NASDAQ: AMZN) – Amazon.com, Inc. today announced that 2011 was the best holiday ever for the Kindle family as customers purchased millions of Kindle Fires and millions of…

Lawmaker doesn’t want TSA to pocket change left at checkpoints

By Richard Simon.Los Angeles Times WASHINGTON — Ever wonder what happens to the loose change that harried travelers leave behind at airport checkpoints? One lawmaker has his sights on the…

ISU officials, player ring bell at NY Stock Exchange

Scott Dochterman, The Gazette, Cedar Rapids, Iowa NEW YORK — Iowa State linebacker Jake Knott will graduate with a business management degree and minor in finance. He had a keen interest…

Wendy’s re-enters Japan with $16 foie-gras-and-truffle burger

By Tiffany Hsu, Los Angeles Times LOS ANGELES — Wendy’s is making a high-end re-entry into Japan with a $16 burger festooned with foie gras and truffles. The third-largest fast-food chain…

Fannie and Freddie were at heart of crisis

McClatchy-Tribune News Service The following editorial appeared in the Kansas City Star: ——— Much of the analysis of the housing crash and ensuing credit panic has focused on the manic…

2011 shaping up as record year for air safety

By Hugo Martin, Los Angeles Times If you suffer from a fear of flying, here’s something that might calm your nerves: The first 11 months of 2011 were the safest period…

Quick thinking helps Nissan rise above disaster

DETROIT — Nissan gained market share in the U.S. this year despite a massive earthquake and tsunami in March that shook its headquarters in Japan and temporarily closed its plants.…

Roquette lockout ends in Keokuk, Iowa

KEOKUK – A contentious lockout involving Roquette America and the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union Local 48G finally was resolved July 23 with the ratification of…

Winnebago Industries Reports Results For First Quarter Fiscal 2012

FOREST CITY, IOWA, December 15, 2011 – Winnebago Industries, Inc. (NYSE:WGO), one of the leading United States (U.S.) recreation vehicle manufacturers, today reported financial results for the Company’s first quarter…

Eaton Recognized for Corporate Citizenship and Sustainability Excellence in China

BEIJING … Diversified industrial manufacturer Eaton Corporation announced On December 15th, 2011 that it has received two awards for its efforts in sustainability reporting and corporate citizenship in China. The…

The Week Ahead: Economy’s shaky gains depend on job market

By Tom Hudson, McClatchy Newspapers – Maybe it has been drowned out by all the holiday sales and Christmas cheer, but the U.S. job market seems to be improving. In each…

Reaping satisfaction from a grim job

Reaping satisfaction from a grim job

By Thomas Curwen, Los Angeles Times DESERT HOT SPRINGS, Calif. — Briefcase in hand, Steve Allen knocks on the back door of Rose Mortuary and Crematory. He’s been on the road…

Corridor businesses grow by adding products, services

George C. Ford, The Gazette, Cedar Rapids, Iowa – Jim Rogers, owner of Jim’s Instrument Manufacturing in Iowa City, is known for his ability to visualize an intricate medical instrument and…

Hormel CEO Ettinger makes $9 million in 2011

Albert Lea Tribune, Minn. AUSTIN — Hormel Foods Corp. CEO, president and chairman Jeff Ettinger received a compensation package worth nearly $9 million for the 2011 fiscal year, equal to…

US auto industry shuts door on another strong year

By Tony Pugh, McClatchy Newspapers – WASHINGTON — After a near collapse at the height of the Great Recession, the streamlined U.S. auto industry defied the odds and outperformed the greater…

The Computer Guy: A computer doctor who still makes house calls

The Computer Guy: A computer doctor who still makes house calls

Story by Jody Spear and Kelly Meyer – In this time of self-service, there are still those with the “old school” way of thinking.  Give the best service you can…

Iowa awash in negative campaign ads

By Robin Abcarian and Seema Mehta, Los Angeles Times – DES MOINES, Iowa — With no snow on the ground in this unseasonably warm state, the only blizzard Iowans are facing…

To keep payroll tax low, mortgage fees will rise

By Jim Puzzanghera, Los Angeles Times –   WASHINGTON — The new mortgage fee to fund the temporary extension of the payroll tax cut could damp the still-sluggish real estate market…

Spending rises only slightly, but still outstrips income

By Don Lee, Tribune Washington Bureau – WASHINGTON — Despite the ballyhooed record retail sales over Thanksgiving, consumer spending for all of November turned out to be rather ho-hum. Personal spending…

S&P 500 enters positive territory for the year

By Walter Hamilton, Los Angeles Times – LOS ANGELES — The Standard & Poor’s 500 will enjoy a merry Christmas after all. The broad blue-chip index turned positive on the year,…

BRIEF: $43 million emissions control contract awarded for Ottumwa Generating Station

Dave DeWitte, The Gazette, Cedar Rapids, Iowa The Babcock and Wilcox Co. has been awarded a $43 million contract to engineer and supply a major emissions control systems for Alliant Energy’s…

Iowa ethanol production hits record on growth of exports

Iowa ethanol production hits record on growth of exports

George C. Ford, The Gazette, Cedar Rapids, Iowa – Driven by export demand, Iowa ethanol production hit a record 3.7 billion gallons this year, up 200 million gallons from 3.5 billion…

Jobless data buoy hopes for recovery

Jobless data buoy hopes for recovery

By Jim Puzzanghera, Los Angeles Times – WASHINGTON _ Just a few months ago, the economy seemed to be skidding toward another recession. Now, a continued drop in jobless claims,…

$1.34 million grant awarded to Fort Madison

WASHINGTON – U.S. Commerce Secretary John Bryson today announced a $1.34 million Economic Development Administration (EDA) investment to the city of Fort Madison, Iowa to make sanitary sewer infrastructure improvements…

Advertisers have their hands, or cookies, in your browser

By David Sarno, Los Angeles Times – LOS ANGELES — Your computer’s appetite for cookies would put the Cookie Monster to shame. Without letting you know, your Internet browser gulps down…

Justice Dept. Statements Regarding AT&T’s Abandonment of Its Proposed Acquisition of T-Mobile

WASHINGTON – Deputy Attorney General James M. Cole and Acting Assistant Attorney General for the Antitrust Division Sharis A. Pozen issued the following statements today after AT&T Inc. abandoned its…

Realtors group says it overestimated home sales for 3 years

By Alejandro Lazo, Chicago Tribune – LOS ANGELES — A national real estate group sharply revised down the number of homes it calculated were sold from 2007 to 2010, revealing a much…

New FAA rules give pilots more rest between shifts

By Kim Geiger, Tribune Washington Bureau – WASHINGTON — Commercial airline pilots will be entitled to shorter shifts and longer rests under a new set of rules issued Wednesday by the Federal…

Speak and these apps will listen and transcribe

By Reid Kanaley, The Philadelphia Inquirer – Voice recording for memos, interviews and lectures has moved — like so many tasks — to the smartphone. These applications help you save,…

Bank of America to settle fair-lending case for $335 million

Bank of America to settle fair-lending case for $335 million

By Katherine Skiba, Chicago Tribune –   WASHINGTON — Illinois Attorney General Lisa Madigan and federal officials on Wednesday announced a $335 million national settlement with Bank of America Corp. stemming…

New construction up sharply in November

By Alejandro Lazo, Los Angeles Times – LOS ANGELES — New construction on homes and apartments increased sharply in November, a bright spot for the beleaguered U.S. real estate market. New…

Deere confirms expansion in Des Moines metro area

Moline, Illinois (December 19, 2011) – Deere & Company today confirmed it plans to expand the manufacturing capacity at the John Deere Des Moines Works following the actions taken by the Iowa Economic…