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Wells Fargo lending margin falls below 3 percent as profit declines

Bloomberg: Wells Fargo & Co., the most valuable U.S. bank, said low interest rates pushed first-quarter lending margins below 3 percent for the first time since at least 1994. Net income fell 1.5 percent to $5.8 billion, …

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First quarter profits up at U.S. Bancorp

Minneapolis-based U.S. Bancorp said today its net income for the first quarter increased 2.4 percent to $1.43 billion, or 76 cents per share, compared with $1.39 billion, or 73 cents per share, in the same …

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Urbandale-based Igor wins $125,000 in Clean Energy Challenge

Igor Inc., a Greater Des Moines technology company, won $125,000 in funding on Tuesday during the Clean Energy Challenge held in Chicago. The company received the $100,000 Wells Fargo Prize, as well as the McCaffery …

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Iowa Employment Conference scheduled April 22

Holmes Murphy & Associates Inc. announced that Dr. Tim Church, a leading physician in exercise and obesity research, will deliver the opening keynote address at this year’s Iowa Employment Conference on April 22 in Des …

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Partnership plans new accelerator: Square One DSM

The Greater Des Moines Partnership plans to open a new business accelerator, Square One DSM, on May 1.

The new facility, located in the East Village’s Northwestern Hotel near the Global Insurance Accelerator, will look …

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Junior Achievement of Central Iowa receives grant from State Farm

Junior Achievement of Central Iowa is the recipient of a $40,000 grant from State Farm. The grant, to be presented April 20 in JA BizTown at the nonprofit’s Central Iowa headquarters, will be used to …

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Pappajohn offers awards of up to $25,000 to startups

Venture capitalist John Pappajohn has opened entries for this year’s Pappajohn Entrepreneurial Venture Competition, which offers new and start-up businesses awards of up to $25,000. The competition is designed to stimulate business development and provide …

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Briggs Healthcare lands two exclusive distributorships

Briggs Healthcare, a West Des Moines-based health care industry supplier, was recently awarded two exclusive distributorship agreements by clients. Texas-based ErgoNurse Inc. has made Briggs the exclusive seller in the long-term care market of its …

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Branstad signs medical error resolution bill

A cooperative effort between physicians and attorneys in Iowa has led to a new law that both sides say could greatly benefit patients by reducing the need for some lawsuits while improving patient safety. On …

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Rieker to resign from Bankers Trust; accepts advisory position with Stine Seed

Jana Rieker, vice president of sales and marketing for Bankers Trust Co., is resigning from her position after five years in the role, Rieker announced today. Her resignation is effective May 1.

 

Rieker has …