Economy & Business news

Macerich Says No to Simon

Mar 17, 2015

Macerich has rejected a $16 billion hostile bid from Simon Property Group and has adopted a ``poison pill'' defense to avert any takeover. 

Staff from the Quad Cities Convention and Visitors Bureau spent the weekend in Saint Charles, Missouri, watching the Missouri Valley Conference women's basketball tournament. One year from now, the tournament will be held here, at the I Wireless Center in Moline.

WVIK Staff

The former owner of Southpark and Northpark malls in the Quad Cities is trying to buy the current owner. Simon Property Group has launched a hostile bid worth about $16 billion for Macerich Company. The two mall owners and operators are among the largest in the US. 

UnityPoint Health

A long career in health care will end next year. UnityPoint Health has announced president and chief executive officer Bill Leaver will retire in January.

Nuclear Plant Refueling

Mar 2, 2015

One of the two nuclear reactors just north of the Quad Cities has stopped generating electricity. Unit One at the Quad Cities Generating Station in Cordova was taken off-line this morning for scheduled re-fueling and maintenance.

Mercer-Muscatine C. Revolv Loan Fund

Construction could start later this year on a new, high-end hotel and convention center in downtown Muscatine. Today members of the Mercer-Muscatine County Revolving Loan Fund approved some help for the 41 million dollar project - the Stanley Hotel and Convention Center.

Deere Annual Meeting

Feb 24, 2015

Shareholders of Deere and Company will gather tomorrow  in the Quad Cities, for the annual meeting at world headquarters in Moline. / John Deere

Deere and Company has been preparing investors for lower profits. And this morning, it announced first quarter earnings totaled nearly $387 million. That's $1.12 per share, compared to $1.81 last year. Worldwide sales declined 17 percent.

"Cautious optimism" may be the best way to describe one local expert's outlook for the local, national, and world economies. This afternoon, Deere and Company chief economist, J.B. Penn gave his annual forecast to the Quad Cities Chamber of Commerce.

QC Chamber of Commerce

Transportation, access to broadband, and workforce readiness were the main topics this week for the Quad Cities Chamber of Commerce, during its annual lobby trip to Des Moines.