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Apartment construction could temper rent increases

U.S. apartment rents could rise 3.3 percent in 2014, little changed from last year, as the most construction in a decade boosts vacancies and limits landlords’ ability to increase rates more, according to Reis Inc, Bloomberg …
By BPC Staff | Jan 7, 2014
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State awards $951,000 in Main Street Iowa grants

The Iowa Economic Development Authority today announced $951,000 in Main Street Iowa Challenge Grants for 14 projects, including one to help upgrade a free meal site at Trinity United Methodist Church, 1548 Eighth St. in …
By BPC Staff | Jan 7, 2014
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Health care spending growth rate remains low

U.S. health care spending grew more slowly than the economy as a whole in 2012, according to a new analysis from the Centers for Medicare and Medicaid Services. Overall health care spending increased at a …
By BPC Staff | Jan 7, 2014
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Morning business headlines: 1-7-14

21 months of gains in house prices

MarketWatch: U.S. home prices edged up in November, CoreLogic Inc. said today. Prices rose 0.1 percent on a monthly basis to take year-on-year gains to 11.8 percent, the 21st …
By BPC Staff | Jan 7, 2014
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Keough named chairman, CEO of Holmes Murphy

Holmes Murphy & Associates Inc. announced that Daniel Keough has been named chairman and CEO, succeeding Jim Swift as the company’s chairman. Keough served as founder and CEO of Innovative Captive Strategies, a division of …
By BPC Staff | Jan 7, 2014
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GuideOne construction company changes name, keeps its mission

The reconstruction arm of West Des Moines-based GuideOne Mutual Insurance Co. has changed its name to GC3 LLC. The construction company was launched in 1995 to provide construction services to churches, schools, senior living centers, …
By BPC Staff | Jan 7, 2014
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Greater Des Moines named a place to watch for sports events

SportsEvents Magazine has named Greater Des Moines as a “Top Place to Watch” in 2014, the Convention and Visitors Bureau announced yesterday. The distinction recognizes the best sports-focused destinations and venues as voted on by …
By BPC Staff | Jan 7, 2014
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Buffett-backed Chinese car maker to make U.S. sales debut

BYD Co., a Chinese automaker backed by Warren Buffett’s Berkshire Hathaway Inc., said its cars are poised to begin hitting U.S. showrooms by next year, Bloomberg reported. Des Moines-based MidAmerican Energy Holdings Co., a Berkshire Hathaway unit, …
By BPC Staff | Jan 7, 2014
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A predominance of negative earnings forecasts

Corporate America is lowering expectations, according to MarketWatch.

 

According to John Butters, senior earnings analyst at FactSet, 94 out of the 107 companies on the Standard & Poor’s 500 index that have issued an earnings …
By BPC Staff | Jan 6, 2014
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Midwest mergers and acquisitions regain strength

The number of Midwest companies that participated in a merger or acquisition over the past six months rebounded in the third quarter of 2013, according to the Bridgepoint Midwest M&A Index Report. After decreasing in the previous …
By BPC Staff | Jan 6, 2014