Business News

Italian confectioner Ferrero said Wednesday it will acquire Le Mars-based Wells Enterprises, one of the largest U.S. ice cream makers including Blue Bunny, in a deal that will broaden both companies’ offerings.

Two Cedar Rapids multi-unit buildings, Geneva Tower and Hawthorne Hills, have been sold to a Denver-based development company, the Affordable Housing Network said Tuesday.

DES MOINES, Iowa (AP) — The federal government has illegally broken a promise to pay off the debts of a group of Black farmers, according to a class-action lawsuit. The group hopes to put pressure on officials to keep their word and to restore funding that was dropped after a group of white farmers filed legal challenges arguing their exclusion was a violation of their constitutional rights.

Linn County Supervisors know they can’t dictate exactly where hazardous materials pipelines are built, but they believe proposed setbacks are legal and will help protect residents.

Winning the war in Ukraine could come down to speed -- how quickly the White House and Congress can authorize spending on weapons and how fast companies such as Raytheon Technologies can build them and get them in the field.

The Gazette’s Business Notes is a compendium of the week’s promotions, new hires, certifications, added business lines and business events, among other items, in Cedar Rapids, Iowa City and the rest of the Corridor.

Iowa officials on Friday confirmed another case of bird flu, this time in a commercial turkey flock in Buena Vista County.

As much as 60% of the region’s energy could come from wind and solar — which has a lower energy output than the non-renewables being retired.