Stein Mart bows out of Iowa

Stein Mart Inc. will close its West Des Moines store this summer, following a 13-year run at 1600 Valley West Drive.

“Unfortunately, we will be exiting the market,” said Susan Datz Edelman, director of stockholder …

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Unemployment, COBRA expected to pass Senate

The U.S. Senate is expected to pass legislation today that would extend unemployment benefits and enact popular tax breaks, despite protests from conservatives who say it adds too much to the $12.5 trillion national debt, …

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Ticker: March 10

Iowa’s seasonally adjusted unemployment rate rose slightly to 6.6 percent in January, from a revised December rate of 6.5 percent, Iowa Workforce Development announced this morning. The state’s jobless rate was 5.2 percent for the …

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Ticker: March 9

Sen. Tom Harkin (D-Iowa) said today that the Senate Health, Education, Labor and Pensions Committee will hold a hearing titled “A Fair Share for All: Pay Equity in the New American Workplace” on Thursday, in …

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How much will the Madness cost businesses?

We hope that you’re not betting on men’s college basketball. Or perhaps more important, that your staff isn’t. In fact, we hope that they don’t care at all.

$1.8 billion – that’s the amount of …

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Culver seeks stay on Wellmark premium hike

Gov. Chet Culver has directed Iowa Insurance Commissioner Susan Voss to initiate a stay on a rate increase on individual health insurance policies recently announced by Wellmark Blue Cross and Blue Shield.

Wellmark has notified …

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AIG agrees to sell another division

American International Group Inc. continues to cut itself down to size.

The company has agreed to sell a division to MetLife Inc. for $15.5 billion in its second divestiture of a non-U.S. life insurance unit …

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West Bank names new chief executive

Dave Nelson, a Des Moines native who most recently led a Wells Fargo & Co. bank in Minnesota, has been named president and CEO of West Bancorporation Inc. and chairman and CEO of West Bank, …

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