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Afternoon Business Headlines: 1-16-14

Consumer prices post largest gain in six months

Reuters: U.S. consumer prices recorded their largest increase in six months in December as gasoline prices rebounded, but there was little to suggest a broader pickup in prices …

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Print that and eat it

Hershey Co. and 3D Systems Corp. reached a multiyear joint development agreement to explore and develop ways to use 3-D printing technology to produce edible foods, including confectionery treats, MarketWatch reported. “We believe that innovation …

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Foreclosures dropped to lowest level in six years in 2013

2013 was a banner year in the fight against foreclosures, with filings hitting their lowest level since 2007, CNNMoney reported. Total foreclosure filings for 2013, including notices of default, scheduled auctions and bank repossessions, were …

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What does the net neutrality ruling mean?

A federal appeals court ruled on Tuesday against the Federal Communications Commission in the “net neutrality” case. This CNN article lays out what the ruling could actually mean. It essentially gives broadband providers the ability to …

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Principal’s Lillis named 2014 CFO of the Year

Terry Lillis, senior vice president and chief financial officer of Principal Financial Group Inc., has been selected by the Business Record as the 2014 winner of the Deloitte CFO of the Year Award.

The award …

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State Farm to sell Canadian businesses

State Farm Mutual Automobile Insurance Co. announced Wednesday it has agreed to sell its Canadian property/casualty, life, mutual fund, loan and living benefits companies to Montreal-based Desjardins Group, Insurance & Technology reported. As part of the …

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House approves spending bill, avoids shutdown

The U.S. House of Representatives on Wednesday easily approved a $1 trillion omnibus spending bill that would fund the government for the rest of fiscal 2014 and let Congress avoid the risk of a shutdown …

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Majority of jobs created last year pay less than average U.S. wage

The U.S. added more than 2.1 million jobs in 2013 for the third straight year, the best stretch since 2004 to 2006, but more than half of those jobs pay less than $18 an hour, …

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State Historical Society seeks award nominations

The State Historical Society of Iowa board of trustees is seeking nominations for award programs that recognize individuals, organizations and communities that made outstanding contributions to the study and practice of Iowa history during 2013. …

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Drake, Iowa State announce programs for low-income students

Drake University President David Maxwell and Iowa State University President Steven Leath were scheduled to be in attendance at a White House summit today as their universities announce initiatives to help low-income students gain better …