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Wells Fargo job losses will hurt

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Ticker: July 9

Ron Sims, deputy secretary of the U.S. Department of Housing and Urban Development (HUD), toured the Oakridge neighborhood yesterday while touting the impact of $6 million in federal stimulus money that was invested in the …

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May wholesale inventories increase, sales fall

May 2010 sales of merchant wholesalers were down 0.3 percent to $350.6 billion from April, but were up 15.1 percent from the May 2009 level, according to a U.S. Census Bureau report released today. It …

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Report: Freight traffic to increase drastically

If you hate the feeling of being boxed in on the interstate by a couple of semitrailer trucks, you likely won’t be thrilled with the latest study of freight traffic in America.

In 10 years, …

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Downtown awaits fallout of Wells Fargo Financial restructuring

Wells Fargo & Co.’s announcement yesterday that it will restructure its Wells Fargo Financial Consumer Division sent shock waves through Greater Des Moines’ business community.

The company plans to close its 638 Wells Fargo Financial …

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CEO turnover drops in June; up year-over-year

Turnover among the nation’s chief executive officers fell 16.8 percent in June from the prior month, according to a report from Challenger, Gray & Christmas Inc.

The global outplacement consultancy firm said 107 departures were …

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Ticker: July 8

The Des Moines Area Regional Transit Authority (DART) confirmed today that it has received a $6.5 million grant that will allow it to move forward with its proposed $20 million downtown transit hub, which will …

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Wells Fargo Financial closes doors

Press release from Wells Fargo & Co.:

Wells Fargo & Company (NYSE: WFC) today announced the restructuring of its Wells Fargo Financial division, including closing its 638 Wells Fargo Financial stores across the U.S. and …

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‘Uneven’ retail sales growing at fastest rate in four years

Retail sales are growing at the fastest pace in four years, a sign that U.S. consumers may be overcoming concern about unemployment and depressed home values, Bloomberg reported.

Sales probably expanded at an average monthly …

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Sam’s Club to offer SBA loans

Add small-business loans to the items you can purchase at a discount from Sam’s Club.

Sam’s Club, a division of Wal-Mart Stores Inc., is testing an online program to lend $5,000 to $25,000 to qualifying …