Archive for June 2011
Principal Funds website launches
Principal Financial Group Inc.’s Principal Funds has launched a website for financial professionals that explores how preferred securities can offer potential for increased income, diversification and reduced volatility for their clients.
The site, www.preferredsecurities.com, includes …
Read MoreTax cuts push national debt to new milestone
The national debt will exceed the size of the economy this year — a first since World War II, according to a recent Treasury Department report. A year ago, the department had estimated that dubious …
Read MoreNatural disasters could cause increase in commercial insurance rates
Natural disasters costing insurers almost $100 billion are beginning to lift some commercial insurance rates after a seven-year decline, Bloomberg reported.
Insurers hurt in the past 16 months by earthquakes overseas and tornadoes in the …
Read MoreKnous promoted to president of Community Foundation
The Community Foundation of Greater Des Moines announced that Kristi Knous has been promoted to president and chief operating officer of the organization, effective July 1.
Knous was promoted from her position of vice president …
Read MorePL Energy receives $2 million from Power Fund
PL Energy LLC of Des Moines received a $2 million grant from the Iowa Power Fund to install a demonstration-scale on-farm poultry litter gasification system at Denyon Farms near Webster City.
The system will use …
Read MoreIowa Health receives recognition from Wellmark
Iowa Health – Des Moines had two hospitals recognized for surgical excellence by Wellmark Blue Cross and Blue Shield. Iowa Methodist Medical Center has been named a Blue Distinction Center for knee and hip replacement …
Read MoreInteconnex forms own company separate of Fastek
Cedar Rapids-based Inteconnex, formerly part of Fastek International Ltd., has been formed as a stand-alone entity, the company announced yesterday.
Inteconnex provides physical security and information technology systems integration services. The company said it has …
Read MoreSenate rejects delay to rule capping debit-card swipe fees
The U.S. Senate rejected a plan backed by large banks for a six-month delay in a Federal Reserve rule to cap the debit-card swipe fees set by Visa Inc. and MasterCard Inc., Bloomberg reported.
Senators …
Read MoreJudge dismisses Miller the Driller bankruptcy
Efforts by Gene Miller Co. Inc. to reorganize its finances ended today when a federal judge dismissed the Pleasant Hill drilling contractor’s bankruptcy case.
U.S. Bankruptcy Judge Lee Jackwig dismissed the Chapter 11 filing after …
Read MoreRuan to chair U.S. Chamber of Commerce
The U.S. Chamber of Commerce’s board of directors today elected John Ruan III as its chairman for a one-year term. Ruan, the chairman of Des Moines-based Ruan Transportation Management Systems, takes on the role held …
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