Tickers: September 23
Enrollment at Des Moines Area Community College’s six campuses has increased 19.4 percent to 22,324 students this fall compared to fall of 2008. The number of credit hours was up 20.2 percent with 194,179 credit hours taken by DMACC students this fall. The headcount and credit hour figures were up at all six DMACC campuses. Last fall at this time, 18,695 students were enrolled for 161,547 credit hours.
Congressman Leonard Boswell has announced that USDA Rural Development has extended William Penn University in Oskaloosa an $11.5 million direct loan and an $11.5 million guaranteed loan for the recent construction of two campus buildings. The total cost to construct the Penn Activity Center and Musco Technology Center was nearly $26.7 million. William Penn contributed almost $3.7 million and started construction with short-term financing before Rural Development stepped in with a long-term loan, according to a news release from Boswell’s office.
Broken Wing Enterprises LLC, the parent company of Miss Kitty’s Dancehall and Cyber Saloon in Clive, filed Tuesday to reorganize under federal bankruptcy law, citing nearly $1.9 million in debts and $147,154 in assets.
Planned Parenthood of the Heartland’s fall book sale was another record-breaker, with $211,393 raised during the five-day sale this year. That’s up 5 percent from the fall 2008 book sale. Planned Parenthood has two sales each year – one in the spring and the other in the fall. The dates for the spring book sale are March 25-29.
Wells Fargo & Co. Chairman Dick Kovacevich will step down as chairman and as a director at the end of 2009 and retire from the company in early 2010, according to a Charlotte Business Journal report Tuesday. Chief Executive John Stumpf will take over Kovacevich’s responsibilities. Kovacevich had stayed with the company beyond its customary retirement age of 65 to help with the merger of Wachovia Corp. Click here for the full story.
Brett Harrison, a 12-year veteran at Multi-Financial Securities Corp., has been promoted to chief executive officer at the company, which is in the ING Groep NV’s Advisors Network, the company announced late Tuesday. He will replace Pat McEvoy, who decided to leave the company. Harrison previously served as vice president of sales and supervision. Click here to read more.
Patrick Allen, senior vice president and chief financial officer of Rockwell Collins Inc. sold 14,796 shares of the company at an average price of $50.79 per share, according to www.gurufocus.com.