Business News

Kelly Ortberg, 64, the former CEO of Collins Aerospace and the former president of Rockwell Collins in Cedar Rapids, will succeed David Calhoun as CEO, the company announced Wednesday.

Although Iowa — as America’s top hog producer — generated $10.9 billion in cash receipts in 2022, it could have made more if not for the persistence of porcine reproductive and respiratory syndrome, according to new Iowa State University research.

Now in a new location, the business that has passed through several owners since the 1980s has a chance to offer a new experience in sweets. Marion Chocolate Shop’s new kitchen is crafting an improved recipe that uses fewer ingredients and preservatives.

Texas Attorney General Ken Paxton said the settlement is the largest secured by a single state. In 2021, a judge approved a $650 million settlement with the company, formerly known as Facebook, over similar claims of users in Illinois.

Last week’s layoffs at the company included 170 in Iowa, including in Dubuque and Davenport.

More than 200 Iowans filed complaints last year about drifting agricultural chemicals as erratic weather in late spring and early summer makes it hard for applicators to find time to safely spray.

Company also signs deal with Turkey-based airline

Shop plans to open this fall in Iowa River Landing