Some Iowa property owners say federal buyout for greenway isn’t worth leaving flood plain

CEDAR RAPIDS, Iowa — After one of the most expensive natural disasters in U.S. history, Cedar Rapids plans to turn a flood-prone strip of land next to the Cedar River into a 220-acre greenway. But a few stubborn homeowners and businesses are refusing to leave.

Former Sen. Santorum, No. 3 Senate GOP figure, plans trip to early caucus state Iowa

WASHINGTON — Former Pennsylvania Sen. Rick Santorum, the blunt-talking conservative who once was the No. 3 Senate Republican, will make appearances this fall in the early caucus state of Iowa.

Years before 2012 caucuses, Iowa making changes _ signaling it will fight to stay first

DES MOINES, Iowa —Last year’s marathon presidential campaign should have sated even the most intense political junkies, but in Iowa and New Hampshire some are already looking ahead to 2012.

Long neglected, last standing Frank Lloyd Wright hotel will get $18 million renovation in Iowa

DES MOINES, Iowa —Frank Lloyd Wright enthusiasts are claiming victory in their effort to restore the architect’s last standing hotel, a northern Iowa landmark that has fallen apart over the past few decades.

Health-care critics hound Democrats at weekend town hall meetings

DES MOINES, Iowa —Loud outbursts, hot tempers and pleas for civility at town hall meetings around the country Saturday foreshadowed a long, hot August as Democratic lawmakers returning home faced resistance to proposals to reform the nation’s costly health care system.

Terex to cut 170 positions at Iowa plant as it consolidates manufacturing amid recession

WESTPORT, Conn. — Heavy equipment maker Terex Corp. said Thursday it will cut 170 employees who work at its plant in Cedar Rapids, Iowa as it moves the equipment manufacturing there to other facilities.

NEED HLP PLS: Iowa 911 call center becomes first to accept text messages, reply in kind

An 911 call center in Waterloo, Iowa, is the first in the country to accept text messages.

Federal grants give 1 more cop to some small towns, and police say it’ll make a big difference

CENTERVILLE, Iowa — In small towns, one more cop really does make a difference.

Principal financial 2Q profit falls on lower fees, higher costs

DES MOINES, Iowa — Principal Financial Group Inc. said Monday profit fell on lower fee income, the result of a 16 percent drop in assets under management. Negative market performance increased pension and other post-retirement benefit costs.

Federal agents search Florida bank branch of Colonial BancGroup

DES MOINES, Iowa — Federal agents entered the Orlando, Fla., branch of financially troubled Colonial BancGroup Inc. on Monday with a search warrant.

The Seattle Times, Virgin Islands Daily News win awards from Associated Press Managing Editors

NEW YORK — An investigation into the spread of a deadly drug-resistant staph germ at hospitals in Washington state earned The Seattle Times a Public Service Award on Monday from the Associated Press Managing Editors Association.

Republicans from Iowa, New Hampshire defend coveted early places in presidential contests

SAN DIEGO — Republicans from Iowa and New Hampshire defended their coveted early spots in presidential nominating contests Friday, as national party leaders consider recommending a new pathway to the White House for the 2012 election.

A look at government subsidies for flights in and out of rural communities

More than 100 communities in 32 states and Puerto Rico benefit from taxpayer-susidized air service. Costs of the program have spiraled to $175 million or more for the upcoming budget year. The subsidies can amount to hundreds and sometimes thousands of dollars for each passenger ticket. Below are communities that benefit from the program, and the per ticket subsidy, in dollars, according to the Senate Appropriations Committee:

Mild season in Tornado Alley delights most folks, but leaves scientists twisting in the wind

DES MOINES, Iowa — This has been an unusually mild year in Tornado Alley, which is good news, of course, for the people who live here, but a little frustrating to scientists who planned to chase twisters as part of a $10 million research project.

Rockwell Collins posts drop in 3Q profit on lower airline industry revenue

CEDAR RAPIDS, Iowa — Rockwell Collins Inc. said Thursday its fiscal third-quarter profit fell 17 percent on lower revenue from the troubled airline industry, but it still beat Wall Street estimates.

Lee Enterprises posts 3rd-quarter loss, ad sales plunge 24 percent

DAVENPORT, Iowa — Lee Enterprises Inc., publisher of the St. Louis Post-Dispatch and dozens of other newspapers, reported a $24.5 million quarterly loss Thursday, hurt by write-offs on the book value of its assets and a persistent advertising slump.

Minn. Gov. Tim Pawlenty builds brand nationally while dismissing talk of GOP presidential bid

ST. PAUL, Minn. — Minnesota Gov. Tim Pawlenty is a man on the move. Next stop, the Republican National Committee meeting in California. Future stop? Maybe the White House.

Din in Des Moines: Accidents in Iowa’s biggest city exact change for its buses

DES MOINES, Iowa — Honk if you love pedestrians.

2 Western senators take baton in advancing Obama’s health care overhaul

WASHINGTON — If there is a chance for health care overhaul it most likely exists in the politically charged space between a marathon runner from Montana and a former amateur boxer from Nevada, two Senate Democrats who occasionally sound like Republicans.

Men face theft, public intoxication charges after allegedly stealing water for outdoor slide

ATLANTIC, Iowa — Two men face theft and public intoxication charges after allegedly stealing water from a fire hydrant for an outdoor water game. Pottawattamie County Sheriff’s Department spokesman Sgt. Dwayne Ritchie said the men were arrested Saturday after a trailer pulled behind the pickup they were driving blew a tire, sending the pickup and trailer into a ditch.

Iowa labor agency agrees to slash fines by $9M against former owners of kosher slaughterhouse

IOWA CITY, Iowa — Iowa’s labor agency has agreed to slash proposed fines by $9 million against the former owners of a kosher slaughterhouse that was the site of a massive immigration raid with the hope that it can recoup a fraction of the penalties.

List of top party schools released by Princeton Review

The nation’s top party schools, according to Princeton Review’s 2009 survey of 122,000 students.

American Express 2Q profit down 48 percent, beats Wall Street

DES MOINES, Iowa — American Express Co. said Thursday its earnings fell 48 percent in the second quarter, but the credit card lender says there are glimmers that recent trends of lower card use and slow repayment may be improving.

Earnings schedule for week of 7/27/09

Major companies tentatively scheduled to report quarterly earnings next week:

Manure means money to 1,500 gathered in Iowa to learn latest techniques in handling farm waste

BOONE, Iowa — For the folks who make a living spreading manure on farm fields, the business end of hogs, cows and chickens can be a gold mine.

Bankrate announces acquisition by Apax, will be taken private; expects 2Q profit to be halved

DES MOINES, Iowa — Bankrate Inc. said Wednesday it had agreed to be acquired by New York-based private equity firm Apax Partners in a $571 million deal that will take the consumer-finance Web site operator private.

Earnings roundup: Qualcomm 3Q profit slides, Morgan Stanley posts $1.2 billion loss in 2Q

Among the earnings stories for Wednesday, July 22, from AP Financial News:

E-Trade 2Q loss widens to 22 cents, pressured by loan, investment losses

DES MOINES, Iowa — Online broker E-Trade Financial Corp. on Wednesday reported a deeper second-quarter loss as loan defaults and investments continued to pressure profit.

Police say man used cash stolen in a bank robbery to pay his bond for outstanding warrant

IOWA CITY, Iowa — Police said a 19-year-old man used cash stolen in a bank robbery to pay a bond for an outstanding warrant. Police charged the man with first-degree bank robbery after the Monday morning robbery of American Bank and Trust.

Sallie Mae reports $123M loss in 2Q on investment losses

DES MOINES, Iowa — SLM Corp., better known as Sallie Mae, said Tuesday investment losses pushed it to a loss for the second quarter.

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