U.S. jobless claims rise as economy clocks rebound pace
The Labor Department reports 412000 claims for the week ending June 12, up 37000 from the prior week, while the four week average falls to 395000. Iowa sees increases in new claims and continuing claims with self employed led by manufacturing health care and education services. Economists say the rise is not alarming given the broader rebound and impending end of federal aid.
MENTIONED IN THIS ARTICLE
U.S. Department of Labor
Iowa
Linn
Johnson
Ann Elizabeth Konkel
Staples appoints Lederer interim CEO as Douglas departs
Staples announces J Alexander Sandy Douglas has left as chief executive and chairman John Lederer will lead on an interim basis while the board seeks a permanent replacement. The move follows Staples parent ODP’s review of a $1 billion cash offer from USA Parent backed by Sycamore Partners. Lederer has chaired Staples since 2017 and was a Sycamore senior adviser.
MENTIONED IN THIS ARTICLE
Staples
J. Alexander
Sandy” Douglas
John Lederer
Douglas
USA
Sycamore Partners
ODP
Lederer
Bloomberg
NewBoCo Launches Kiva Iowa Microloan Hub for Entrepreneurs
Cedar Rapids based NewBoCo partners with Kiva US to create Kiva Iowa a statewide microloan hub for entrepreneurs. Loans range 1000 to 15000 with no interest and zero fees aimed at women people of color and others facing lending barriers. Kaitlin Byers will serve as capital access manager for the program.
MENTIONED IN THIS ARTICLE
NewBoCo
Kiva Iowa
Kiva US
Kaitlin Byers
Kiva
Iowa
Newbo.co
Cedar Rapids
Health care ruling cheers industry as ACA survives Supreme Court ruling
The Supreme Court's 7 2 decision upholding the Affordable Care Act drew broad industry cheer. The ruling keeps insurance expansion via exchanges and Medicaid intact while avoiding broader constitutional questions, with Democrats eyeing related provisions in the 2022 budget.
MENTIONED IN THIS ARTICLE
U.S. Supreme Court
Supreme Court
Kaiser Family Foundation
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U.S
Vernon Hills
Ill
Associated Press
Caleb McCullough
the Gazette
Caleb. McCullough
Thegazette
Kaitlin Byers NewBoCo
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