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EMC earnings up in third quarter

EMC Insurance Group Inc. today reported operating income of $6.3 million for the third quarter, compared with $2.5 million for the third quarter of 2014. Net income, including realized investment gains and losses, totaled $11.2 …

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Wells Fargo might need $60 billion to cover regulatory requirements

Wells Fargo & Co. would need to raise at least $40 billion in new debt to cover federal regulations requiring large national banks to cover their losses without taxpayer assistance in the event of a …

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Southern comfort food restaurant to open downtown next spring

An investment group led by Christopher Diebel has signed a lease on the ground-floor space of the Clemens building at 200 10th Street in downtown Des Moines. Teddy Maroon’s LLC plans to open Bubba – …

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Higher incomes mean more loans

Wealthy Americans are leading in borrowing in all categories except student loans, magnifying their advantage in purchasing power over their poorer counterparts, Bloomberg reported.   As earnings diverged and lending standards tightened in the wake of…
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Event Nov. 21: Iowa Black Business Coalition offers Untraditional Startathon

The University of Iowa and UI Partners are sponsoring the Iowa Black Business Coalition’s Untraditional Startathon to benefit women- and minority-owned businesses. The event will be Nov. 21 at Grand View University in Des Moines.…
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Federal judgments against toy distributor in sexual harassment case

Judge James Gritzner has filed judgments of more than $12 million in two different sexual harassment and discrimination cases against Manley Toy Direct LLC and its various corporate iterations. The company operates a distribution center …

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Wells Fargo names new chief of a home lending division in Greater DM

Perry Hilzendeger will lead Wells Fargo & Co.’s home lending servicing division, which is based in Des Moines, according to a release. Hilzendeger will oversee more than 17,000 people who service mortgage and home equity …

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Workiva revenue rises, but so does red ink

Workiva Inc.’s third-quarter revenue was 30 percent higher than a year ago. However, the Ames-based creator of a cloud-based productivity platform also saw higher losses. The company’s operating loss was $14.3 million, up from $12.6 …

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Study: Workers fear rising price of health insurance

Two-thirds of U.S. workers report satisfaction with the health coverage currently available to them, yet concern about the future affordability of those benefits is rising dramatically, according to a new survey by Mercer.


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Events drawing visitors to Greater Des Moines, week of Nov. 9

Company Lead Name Arrival Date Departure Date Attendance Meeting Venue City Iowa Emergency Medical Services Association Conference and Tradeshow 11/12/2015 11/14/2015 1200 Community Choice Credit Union Convention Center Des Moines Young Democrats of America Fall…