Business/Finance Feed

Wells Fargo Troubles Mount With Penalty for Soldiers’ Car Loans - Bloomberg

Wells Fargo & Co., reeling from weeks of pummeling over fraudulent customer accounts, is now facing a Justice Department sanction over improperly repossessing cars owned by members of the military, according to two people with knowledge of the investigation.

Federal prosecutors and the bank’s regulator, the Office of the Comptroller of the Currency, are planning to punish the San Francisco-based lender for alleged violations of the Servicemembers Civil Relief Act, said the people, who asked not to be named because the investigation isn’t public. A penalty of as much as $20 million is expected from the OCC, one of the people said. That’s an unusually large fine for abuse of this law, which in most cases requires that firms obtain court orders before seizing vehicles from soldiers, sailors, airmen and Marines who are delinquent on their loans.

These enforcement actions against the bank follow a $185 million settlement in which employees of the firm opened more than two million accounts that customers may not have been aware of with the aim of meeting internal sales targets. The matter has sparked weeks of sharp criticism, congressional hearings and the forfeit of tens of millions in bonuses for top executives.

via www.bloomberg.com


U.S. Second-Quarter GDP Revised Up to 1.4% Gain - WSJ

WASHINGTON—The U.S. economy grew at a modestly faster pace in the second quarter than previously estimated, but the latest data confirms the expansion decelerated in the first half of the year.

Gross domestic product, a broad measure of goods and services produced across the economy, expanded at an inflation-adjusted 1.4% seasonally adjusted annual rate in the second quarter, the Commerce Department said Thursday. That is up from last month’s estimate of a 1.1% growth rate during the spring. Economists surveyed by The Wall Street Journal expected revised GDP growth at a 1.3% pace for the April to June period.

Second-quarter growth accelerated from the first quarter’s 0.8% pace, but was slower than the roughly 2% annual rate averaged since the recession ended in mid-2009. The current expansion’s pace is the weakest of any since 1949.

via www.wsj.com


Shop local and advertise local on Corridor Search

Corridor SearchLooking for a retail store, restaurant, lawyer, plumber, an accountant in the corridor area?  Find it in Corridor Search, a focused business directory for this area, with input provided by local people - not some Joe working for a corporation out in California or elsewhere out-of-state.  Get the latest corridor focused information from local people in the know.

Find what you're looking for in the Corridor!

Corridor Search

 


Galassi Pasta Sauce added to the Corridor Search business directory

The Coralville Courier is pleased to announce the addition of Galassi Pasta Sauce to the 'Food Products' category in the Corridor Search business directory.

Galassi Foods"Making The Taste Of Homemade A Reality For Busy Families"

Galassi Foods is a family owned and operated business based in the heartland state of Iowa. We manufacture and wholesale fresh, high quality, all natural gourmet Italian foods. These products are all based on our family recipes with amazing, unique, homemade flavors.

We offer our families recipes and products for your families, our motto is "Making The Taste Of Homemade A Reality For Busy Families". Galassi Foods does not put out a product that we would not be proud to serve for our family dinners. We want to help bring you amazing meals without the cost of going out. 

About Us

Galassi Pasta SauceAfter years of having what we call "Soul Food Sunday" where we spend days planning and hours cooking for family, friends and neighbors, Galassi Foods was started in 2009 by our family.
 
People that would enjoy our cooking continued to comment on how we needed to bottle the recipes and sell them for everybody to enjoy. And that is how it all started, from our kitchen to yours! From our family to yours! 
 
We took the favorite recipes and started to sell them. We started at local farmers markets and after a great response we started selling in grocery stores. Galassi Foods still does countless farmers markets and demos in grocery stores with all of our products. We take pride in listening to all of our customers and have grown with the needs and requests. 
 
We now offer a full line of pasta sauces which includes four varieties. It is so much fun, listening to our customers, friends and family and creating new products for everyone to enjoy. And nothing beats the response that we hear from everyone when they taste our great products. It makes all the work worth while! 
 
Look for us in your local grocery store and if we are not there, then print the request form and ask for these amazing products.
 
 
Galassi Foods
2042 Glen Oaks Drive
Coralville, IA 52241
319-339-7409

via www.galassifoods.com


Walker Welding added to the Corridor Search business directory

The Coralville Courier is pleased to announce the addition of Walker Welding to the 'Welding' category in the Corridor Search business directory.

Walker WeldingTop quality mobile welding repair and metal fabrication

In business since 1985, our experienced team of welding professionals can repair your equipment quickly and professionally so you can spend more time working.

Properly repair your equipment

From farm equipment to industrial requipment, our professionals can handle it all.

Create a variety of parts

From fabrication of custom hitches to excavator buckets, no job is big or too small.

Address:

2788 Ireland Av NW
Tiffin,  IA   52340

PH:  319-626-2405

via www.mikewalkerwelding.com


Corridor Area Businesses: Once listed, you're always listed.

Reach the corridor audience with a LOCAL search directory run by LOCALS.  Get listed in Corridor Search.  It's easy, it's direct, it's cost effective, it's LOCAL and mobile friendly.  And once you're listed, you're always listed.  That's right, no renewals, no sales calls, it's just a one-time $30 set-up fee to get listed forever and take advantage of unlimited updates!  You can change/update/add to your message at any time.   Running a special?  We'll post it.  Holding an event?  We'll post it.  Just want to say you had a great weekend, "Thank you patrons" or "Congratulations Hawkeyes?"  We'll post it!   We promote you online, it's what we do.

Your profile includes:  Your business listed with your logo, a profile narrative and a link to your website.   Then sit back and let your listing go to work for you.  Get your listing today, your new customers are waiting.  

Simply enter your business name, click the 'Buy Now' button to submit payment and we'll get to work on your listing, it will be up and working for you in no time!

Enter your business name


To All Corridor Area Business Owners

Reach the corridor audience with a LOCAL search directory run by LOCALS.  Get listed in Corridor Search.  It's easy, it's direct, it's cost effective, it's LOCAL and mobile friendly.  And once you're listed, you're always listed.  That's right, no renewals, no sales calls, it's just a one-time $30 set-up fee to get listed forever and take advantage of unlimited updates!  You can change/update/add to your message at any time.   Running a special?  We'll post it.  Holding an event?  We'll post it.  Just want to say you had a great weekend, "Thank you patrons" or "Congratulations Hawkeyes?"  We'll post it!   We promote you online, it's what we do.

Your profile includes:  Your business listed with your logo, a profile narrative and a link to your website.   Then sit back and let your listing go to work for you.  Get your listing today, your new customers are waiting.  

Simply enter your business name, click the 'Buy Now' button to submit payment and we'll get to work on your listing, it will be up and working for you in no time!

Enter your business name




Kmart to close 64 more stores across the U.S.

Kmart, the mass-merchandise retail chain struggling with listing sales, is going to close 64 stores across the U.S., a person familiar with the matter said Monday.

Liquidation sales will begin on Sept. 22, and the stores will close their doors in mid-December, according to the person,who did not want to be named because they were not allowed to say so publicly.

It is the latest round of cuts by the retailer. Its parent company, Sears Holdings, said in April that it would close 68 Kmart stores this summer. Both Sears and Kmart have had a difficult time remaining profitable and competitive in a retail environment increasingly dominated by other mass market chains and e-commerce sites like Amazon.

via www.usatoday.com


Find what you're looking for with a Coralville Courier search

Find it in the Online Newstand!


Custom Search

Boubin Tire & Automotive Service added to the Corridor Search business directory

The Coralville Courier is pleased to announce the addition of Boubin Tire & Automotive to the 'Auto, Engine Repair' and 'Auto - Mufflers & Exhaust' categories in the Corridor Search business directory.

BoubinSince 1971, Boubin has offered expert automotive repair, tires and automotive accessories for light duty cars, pick-up trucks, and SUVs.  Located in Cedar Rapids, Waterloo, Manchester and Independence, we have the resources to keep you moving.

Our ASE certified mechanics are experts in all aspects of auto repair. We also perform all factory recommended services, including oil changes, alignments, and fuel system and radiator flushes. We provide a wide variety of services and repairs for your automobile. All of our work is guaranteed and we stand behind our work with a variety of warranties.

If you have our protection plan, not only can we provide towing services when you have a break-down on the road, we also offer pick-up and delivery services to customers in our local area, saving you valuable time and keeping you where you need to be.

Boubin Tire & Automotive
Dan Kimball – Store Manager
799 Blairs Ferry Rd NE
Cedar Rapids, IA 52402
Directions
(319) 395-0030
shop4@boubin.com

via www.boubin.com