Quad Cities Business News
Report: AIG asks gov't to approve bonus payments
After its bonus payments ignited a firestorm of criticism earlier this year, American International Group Inc. is asking the federal government to weigh in on the insurer's plan to resume paying millions in promised retention incentives next week, according to media reports.
Jul 09, 2009 | 10:45 pm
Metro Transit, Q-C airport to benefit from stimulus funds
The Rock Island County Metropolitan Mass Transit District will receive $3.3 million in federal stimulus funds for replacing some of its bus fleet and for transit improvements at the Quad-City International Airport.
Jul 09, 2009 | 10:30 pm | Loading…
For lease: Office with river views, Madoff stigma
NEW YORK - Behind unmarked doors on the 17th floor of a red granite high-rise known as the Lipstick Building, FBI agents still labor to unravel a case like no other.
Jul 09, 2009 | 10:30 pm
Google CEO: New operating system changes the game
Google Inc. Chief Executive Eric Schmidt can't wait for the Internet search leader's free operating system to debut next year.
Jul 09, 2009 | 10:05 pm
Q-C Die Casting employees, supporters picket at RI Wells Fargo
In a carefully orchestrated rally, 11 union employees from Quad-City Die Casting in Moline set themselves up to be arrested Thursday for blocking traffic while picketing in front of the Wells Fargo Bank branch at 30th Street and 18th Avenue in Rock Island.
Jul 09, 2009 | 7:45 pm | Loading…
Gains in financials, technology stocks lift market
Investors are finding some appetite for risk after a jittery week.
Jul 09, 2009 | 5:05 pm
For lease: Office with river views, Madoff stigma
Behind unmarked doors on the 17th floor of a red granite high-rise known as the Lipstick Building, FBI agents still labor to unravel a case like no other.
Jul 09, 2009 | 3:20 pm
Oil wavers near $60 as consumers scale back
Oil prices wavered around $60 per barrel Thursday with new consumer and employment data casting a pall over energy markets, but still rose slightly at the close for the first time in more than a week.
Jul 09, 2009 | 2:30 pm
SEC to call for Calif. IOUs treated as securities
The recipients of billions of dollars in IOUs being issued by California soon may have a regulated market where they could sell them.
Jul 09, 2009 | 1:30 pm
Q-C Die union plans rally today in RI
Members of Local 1174, United Electrical, Radio and Machine Workers of America, or UE, from Quad-City Die Casting in Moline plan to rally at 5 p.m. today at Wells Fargo Bank, 1800 30th St., Rock Island.
Jul 09, 2009 | 12:45 pm | Loading…
GM, Chrysler fight reopening of closed dealerships
General Motors and Chrysler are urging lawmakers to stop legislation that would prevent automakers from closing car dealerships that the dealers want to keep open, saying it would complicate their emergence from government-led bankruptcies.
Jul 09, 2009 | 11:40 am
Weak retail sales in June raise worries
Rain and escalating job worries dampened shoppers' appetite for summer staples like shorts and dresses more than expected in June, increasing concerns about the back-to-school shopping season.
Jul 09, 2009 | 10:30 am
Commercial real estate woes grow
Owners of shopping malls, hotels and offices are defaulting on their loans at an alarming rate, and the commercial real estate market is not expected to hit bottom for three more years, industry experts warned Thursday.
Jul 09, 2009 | 10:25 am
May wholesale inventories fall, 9th straight drop
Wholesale inventories fell for a ninth consecutive month in May, a decline that has contributed to the longest recession since World War II as factories have been forced to slash production amid crimped demand.
Jul 09, 2009 | 9:30 am
Opponents of GM sale face noon deadline
Opponents of General Motors Corp.'s plan to sell the bulk of itself to a new government-controlled company face a noon deadline to file appeals and find a way to get the sale halted.
Jul 09, 2009 | 9:15 am
Citigroup shuffles executives, former CFO leaving
Citigroup says its former chief financial officer and current chairman of Citi Holdings, Gary Crittenden, is leaving the company as part of a broader shuffling of management.
Jul 09, 2009 | 8:35 am
565K new jobless claims, lowest level since Jan.
The number of newly laid-off workers filing initial claims for jobless benefits last week fell to lowest level since early January, largely due to changes in the timing of auto industry layoffs.
Jul 09, 2009 | 7:55 am
Bank of England holds key rate at 0.5 percent
The Bank of England kept its key interest rate on hold at a record low 0.5 percent Thursday and surprise markets by saying it would not for the moment seek to expand its 125 billion pound cash injection into the British economy.
Jul 09, 2009 | 7:10 am
Retailers report weak June sales
Many retailers are reporting sharp sales declines for June, as rainy weather and escalating job worries kept consumers from buying summer staples like shorts and dresses.
Jul 09, 2009 | 6:35 am
China says Rio Tinto employees stole state secrets
China has proof four detained employees of miner Rio Tinto Ltd. stole state secrets for foreign countries, the government said Thursday, following their detention amid contentious iron ore price talks.
Jul 09, 2009 | 6:00 am
