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Morning Business Headlines 1.20.15

Obama’s economic report focuses on income inequality

The New York Times: President Obama on Thursday stepped up his efforts to define which economic problems need urgent attention. The 2015 Economic Report of the President focuses …
By BPC Staff | Feb 20, 2015
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Global Insurance Symposium registration opens

Registration is now open for the second annual Global Insurance Symposium to be held May 26-28 in Des Moines. Speakers will address a variety of themes affecting the insurance industry, including cybersecurity, big data and …
By BPC Staff | Feb 20, 2015
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Global farm economy a drag on Deere earnings

Deere & Co. profits dropped to $387 million in the quarter ended Jan. 31 from $681 million in the same period last year, the Moline-based company said today. “Deere’s first-quarter performance reflected sluggish conditions in …
By BPC Staff | Feb 20, 2015
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New Media buys Stephens Media for $102.5 million

New Media Investment Group Inc. announced today that it has reached an agreement to buy Stephens Media LLC  for $102.5 million in cash. Stephens owns the Ames Tribune, Dallas County News, the Boone News-Republican, the …
By BPC Staff | Feb 20, 2015
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Midwest M&A index indicates demand for deals

 

Midwest merger and acquisition activity in the past quarter continues to reflect a strong deal-making environment, according to the latest analysis by Bridgepoint Merchant Banking.

 

The Bridgepoint Midwest M&A Index rose substantially to 103.3 to …
By BPC Staff | Feb 19, 2015
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NewLink to receive $20 million milestone payment on Ebola vaccine

NewLink Genetics Corp. today announced that it has been notified by Merck & Co. Inc. that a key clinical trial for its Ebola vaccine candidate has been achieved. Under the terms of its agreement it …
By BPC Staff | Feb 19, 2015
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Average home sale price up, volume down in January

The Iowa Association of Realtors reported that January home prices are up, homes are selling faster and number of sales dipped slightly when compared to January of last year. According to the association’s Housing Trends …
By BPC Staff | Feb 19, 2015
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University of Iowa to offer three-year bachelor’s degree

The University of Iowa plans to offer a three-year bachelor’s degree program beginning  with this fall’s incoming students as an option to cut costs and to save time. President Sally Mason announced the first majors …
By BPC Staff | Feb 19, 2015
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Ape center raises cash, plans to add chimps, visits

Des Moines’ sometimes-troubled ape research facility, formerly Great Ape Trust, is back on solid financial ground with a trimmed-down operation, is attracting research grants, and may house chimpanzees and breed bonobos, said Jared Taglialatela, the …
By PERRY BEEMAN | Feb 19, 2015
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Iowa slips to 16th in Healthiest State rankings

 

Iowa’s Healthiest State Initiative announced today that Iowa’s ranking in the Gallup-Healthways Well-Being Index has dropped from 10th last year to 16th in the nation this year.

 

Officials were quick to point out, however, that …
By BPC Staff | Feb 19, 2015