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Insurance

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Aviva USA sold to Athene Holding

Aviva plc announced today that it has agreed to sell West Des Moines-based Aviva USA Corp. to Athene Holding Ltd for $1.8 billion.

The deal will make Aviva USA – which will be renamed Athene …

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BERKO: Hold your nose: keep Goldman

Dear Mr. Berko:

I just finished reading “Why I Left Goldman Sachs,” a revealing expose written by Greg Smith, a 12-year veteran. I was shocked and disgusted at his accusations and at first thought that …

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A Closer Look: Jacob Jaacks

Jacob Jaacks is entering a new game. He completed an 11-year professional basketball career, spent primarily in Europe, in July 2011. Later that year, he entered negotiations to join longtime Greater Des Moines businessman Jerry …

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BERKO: A swing and a miss

Dear Mr. Berko:

What do you think of Callaway Golf stock? I’ve been a serious golfer for 20 years, and my friends and I believe Callaway unquestionably makes the best clubs and balls on the …

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BERKO: PFDs and ETFs

Dear Mr. Berko:

We are the 81- and 83-year-old seniors (we travel and live together) whom you advised to take the $28,000 cash value from two life insurance policies and invest it in dividend utility …

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FDIC releases study of community banks

The Federal Deposit Insurance Corp. (FDIC) today released a comprehensive study of the community banking industry.

Among the key findings: Community banks make up 95 percent of U.S. banking organizations and are the only physical …

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NYSE sold to IntercontinentalExchange

NYSE Euronext Inc., the operator of the New York Stock Exchange, has agreed to be acquired for $8.2 billion by IntercontinentalExchange Inc. (ICE), CNNMoney reported.

In the deal announced today, IntercontinentalExchange will pay $33.12 a …

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TheStreet kept watch on everyone’s finances but its own, feds say

Operators of the popular financial news site TheStreet.com and three of its former executives inflated the company’s revenue figures and significantly misstated financial results in 2008, the Securities and Exchange Commission (SEC) alleged in a …

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More companies raised more money through IPOs this year than last

The total volume and proceeds raised in the 2012 initial public offering (IPO) market market increased over 2011, despite a slowdown in activity during the fourth quarter, according to IPO Watch, a quarterly and annual …

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Wells Fargo acquires stake in hedge fund group

Wells Fargo & Co. has acquired a stake in Rock Creek Group LP to provide more hedge fund offerings to clients amid a push to double its asset management unit within seven years, Reuters reported. The …

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