Two credit unions join branch-sharing network

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Tickers: August 7

Columbus, Ohio-based Nationwide Mutual Insurance Co. will take its publicly traded subsidiary, Nationwide Financial Services Inc., private in a $2.4 billion deal. Under the agreement, Nationwide Mutual will buy all outstanding Class A common stock …

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Retailers suffered as consumers cut back in July

Many retailers experienced a disappointing July as the benefit of the government stimulus checks ended and consumers dealing with high gas and food prices shifted toward buying necessities and away from nonessentials like clothing, the …

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Qwest freed from cap on broadband fees

Just as the Federal Communications Commission (FCC) granted Qwest Communications International Inc. the right to set its own rates for access to its high-speed broadband network, the company announced it will expand its fiber-optic technology …

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Tickers: August 6

FBL Financial Group Inc. will announce its second-quarter earnings after the close of U.S. markets today. The second-quarter earnings release and financial supplement will be posted on FBL’s Web site at that time. A conference …

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Homeowners’ value perceptions are off

In a recent survey, 62 percent of homeowners believed their home’s value had increased or stayed the same over the last year. But a preliminary analysis of market data indicates that more than 75 percent …

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Farmland values reach record high

Even as the residential real estate market founders, U.S. farmland values are at an all-time high, with record-high crop prices pushing up agricultural real estate value, Bloomberg.com reported.

The value of farmland averaged $2,350 an …

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Tickers: August 5

Principal Financial Group Inc.’s net income for the second quarter was $168.3 million, or 64 cents per share, compared with $303.8 million, or $1.12 per share, in the second quarter of 2007. Operating earnings were …

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Second-generation ethanol finds strong investor backing

Many investors have turned their backs on corn-based ethanol, focusing instead on sinking millions of dollars into developing second-generation ethanol, Investor’s Business Daily reported.

First-generation ethanol, typically derived from corn or sugar, has faced criticism …

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