Recent Articles

You are here:

You are here

Home / Pages / Recent Articles

MidAmerican Energy chairman resigns amid stock trading questions

on Fri, 04/01/2011 - 19:21   by Editor

MidAmerican Energy's chairman and heir apparent to Warren Buffett resigned Thursday amid questions about his stock purchases in a company later acquired by Berkshire Hathaway.

In an interview on CNBC, MidAmerican Energy Holding Company Chairman David Sokol said he was leaving the company to start his own "mini-Berkshire." The Berkshire news release quotes Buffett on the timing of Sokol's purchase of stock in a company, Lubrizol, which was later acquired by Berkshire. CLICK HERE for the Berkshire news release.

You first Mr. Buffett, MidAmerican

on Fri, 03/25/2011 - 20:59   by Editor

For a guy who proclaims the wonders of our free enterprise system and is viewed as the wisest of investors, Warren Buffett apparently is feeling a bit clammy when it comes to his MidAmerican Energy Company idea to build a nuclear power plant in Iowa.

First, MidAmerican last year convinced the legislature to have customers cough up $15 million for a 3-year study of the idea of building a nuclear plant in the state.

Isle of Capri Casinos reports $2.6 million loss in third quarter

on Wed, 03/09/2011 - 23:41   by Editor

The Isle of Capri Casinos, Inc. -- owner of the Bettendorf and Davenport gambling "boats" -- lost $2.6 million, 8 cents per share, in the third quarter ended January 23.

The loss came despite an increase in revenues for the 3-month period from $227 million in the third quarter of 2010 to $232 million for the third quarter of 2011. The revenue increase was more than offset by higher interest costs totaling more than $21.5 million during the quarter.

McDonald's seeks third restaurant site in Bettendorf

on Tue, 03/08/2011 - 20:59   by Editor

McDonald's hopes to build a third restaurant in Bettendorf, this one along the 53rd Avenue corridor west of 18th Street.

A special use permit to allow a drive-up window for the fast-food outlet is scheduled for a public hearing Thursday (3/10) before the city's Board of Adjustment.

City debt nearly doubles in 5 years

on Sat, 03/05/2011 - 01:44   by Editor


In the past five years, the City of Bettendorf's debt has nearly doubled, increasing from $57 million in fiscal 2006 to $105 million at of the end of June 2010.

An additional $17.3 million in general obligation bonds are due to be issued in the coming fiscal year beginning July 1.

Recommended budget would boost residential property taxes over 3%

on Wed, 02/09/2011 - 22:08   by Editor

Bettendorf residential property taxes would go up an average of 3.65 percent next year under the 2011/12 budget recommendation being considered by the city council.

While the city administration is recommending keeping the municipal tax rate the same as last year, increased residential property assessments are projected to boost most homeowner tax bills between 3 to 4 percent.

Used car lot zoning moving ahead despite plan board recommendation

on Mon, 01/31/2011 - 23:12   by Editor

A downtown Bettendorf used car dealer -- forced to relocate because of the planned reconstruction of Interstate 74 -- wants the city to rezone a lot at the opposite end of the downtown corridor to keep the firm downtown.

The city's Planning and Zoning Commission recommended against the zoning change over concerns a used car lot would not fit with the new downtown master plan and streetscaping improvements under way in the downtown corridor.

Pages

Go to top