Archive for January 2011
EMC increasing operating income guidance
EMC Insurance Group Inc. is increasing its 2010 operating income guidance to a range of $2.15 to $2.25 per share from $1.75 to $2 per share, the company announced today. The revised guidance is based …
Read MoreLinkedIn to launch IPO
LinkedIn Corp., which plans to raise as much as $175 million in an initial public offering, or IPO, may become the first social media company to sell shares, Bloomberg reported.
In a filing Thursday with …
Read MoreGuideOne names Hengesbaugh to board
GuideOne Mutual Insurance Co. has named Bernard Hengesbaugh, chief operating officer of the American Medical Association, to its board of directors. Hengesbaugh was with CNA Financial Corp. for nearly 24 years and served as chairman …
Read MoreHome contracts down, prices up
The Des Moines Area Association of Realtors said today that though the number of contracts signed by local home buyers was down to 7,677 in 2010 from 8,522 the prior year, the Des Moines housing …
Read MoreMicrosoft founder to talk on polio eradication
On Jan. 31, Microsoft Corp. Chairman Bill Gates will appear during a live webcast to talk about worldwide efforts to eradicate polio. “ABC World News” anchor Diane Sawyer will moderate the event, which will be …
Read MoreNew View to look at innovation
Innovation will be the theme of New View’s Feb. 3 luncheon. The West Des Moines-based young professionals group has lined up Anthony Paustian, provost of Des Moines Area Community College’s West campus, Ben Milne, founder …
Read MoreFord not deterred by disappointing quarter
Ford Motor Co.’s earnings rose to $6.6 billion in 2010 from $2.7 billion the prior year, the company’s best annual results in more than a decade, CNNMoney.com reported.
But the automaker’s fourth-quarter operating profit of …
Read MoreWest Bancorporation reports fourth-quarter results
West Bancorporation Inc. reported a net income available to common shareholders of $2.9 million, or 17 cents per share, for the fourth quarter of 2010, compared with $2.2 million, or 13 cents per share, for …
Read MoreFacebook may be overvalued
The latest valuation of Facebook Inc. may be inaccurate, according to a Bloomberg poll of 1,000 investors, traders and analysts, and is raising concern that a bubble may be forming in the technology sector.
Bloomberg …
Read MoreChicago No. 2 in foreclosures last year
In 2010, lenders repossessed more homes in and around Chicago than they did in all but one other U.S. metropolitan area, Crain’s Chicago Business reported. According to a report released Thursday by RealtyTrac Inc., an …
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