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S&P 500 rally is best in five years

Buoyed by strong quarterly earnings reports, the Standard & Poor’s 500 index rallied for a seventh day on Thursday, a five-year peak, Reuters reported. 

The equity market was also boosted by the agreement by Congress to …

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New home sales slip in December

Purchases of new U.S. homes unexpectedly dropped in December, indicating that the U.S. housing rebound will take time to develop after the industry completed its first year of recovery, Bloomberg reported. 

Sales declined 7.3 percent to …

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LWBJ names Juffer as managing partner

LWBJ Financial LLC announced the election of Paul Juffer as managing partner. Juffer, a senior partner and one of the firm’s founders, replaces Marv Debner, who left the firm to take a position with BKD …

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FBL Chief Actuary Russell Wiltgen passes away

FBL Financial Group Inc. announced the sudden passing of Russell Wiltgen, chief actuary – life companies, in Arizona on Wednesday. Wiltgen, 53, is survived by his wife, Annette.

“This is a shocking loss for our …

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Former federal prosecutor to lead SEC

President Barack Obama has nominated former federal prosecutor Mary Jo White to head the Securities and Exchange Commission, Reuters reported. 

White, the former U.S. attorney for the Southern District of New York, is known for …

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Apple’s shares rotten after weak sales increase

Apple Inc. shares fell the most in two years after posting the slowest profit growth since 2003 and weakest sales increase in 14 quarters, Bloomberg reported.

The shares dropped 9.7 percent this morning, the biggest …

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Skywalk Golf Classic to take place Feb. 2

The First Tee of Greater Des Moines will host the Skywalk Golf Classic on Feb. 2.

Participants will play a round of 18 holes and be eligible to win prizes such as a Blue Ribbon …

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Education will be a focus at IBC meeting

The Iowa Business Council will hold its 27th Annual Partnership meeting on Jan. 28.

The program will highlight the latest results of the Iowa Competitiveness Index, and also set a focus for educational excellence in …

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Des Moines residents’ income rises through recession

Total personal income in Polk County grew by 16.45 percent between 2006 and 2011, according to numbers from the U.S. Bureau of Economic Analysis compiled by Bizjournals.com.

Total 2011 personal income, defined as the amount …

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Jurgens honored by Food Marketing Institute

Ric Jurgens, retired chairman and CEO of Hy-Vee Inc., has been named the Food Marketing Institute’s (FMI) Sidney R. Rabb Award. The award is the highest honor given by FMI, given for excellence in serving …