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Insurance

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Nationwide to unveil new ad campaign

During the Olympics this summer, Nationwide Mutual Insurance Co. will start a new ad campaign featuring Julia Roberts.

The ad campaign will be the biggest the company has ever done, according to Fox Business News, …

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Ward Group names Top 50

The Ward Group has named several Greater Des Moines-based insurance companies to its Top 50 Performers list.

Each company had to pass safety and consistency screens as well as a five-year performance review, according to …

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Peregrine Financial Group president to appear in court

The former head of Cedar Falls-based Peregrine Financial Group Inc. (PFGBest) will appear in court today and is expected to ask to be released on bail, according to Bloomberg. 

Russell Wasendorf Sr. has admitted to …

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Bernanke says Fed is ready to act

Federal Reserve Chairman Ben Bernanke said today that the Federal Open Market Committee is willing to take further action to stimulate the economy if the job market remains in a lull. 

Bernanke spoke to the …

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CFTC chairman to ask for more regulatory power

The chairman of the Commodities Futures Trading Commission (CFTC) will testify before the Senate Agriculture Committee today in regards to how the regulator didn’t find fraud in two reviews of Peregrine Financial Group Inc. (PFGBest).…
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Citigroup income down, profits up

Citigroup Inc., the third-biggest U.S. bank, reported second-quarter profits that beat analysts’ estimates on revenue from advising on mergers and underwriting stocks and bonds, Bloomberg reported. Net income declined 12 percent to $2.95 billion, or …

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Wells Fargo reports third quarter earnings

An increase in mortgage banking revenue and a decrease in expenses boosted Wells Fargo & Co.’s profits 17 percent, Bloomberg reported. The company reported net income of $4.62 billion, or 82 cents a share, up …

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A clearer picture for 401(k) fees?

A majority of Americans are in the dark about how fees are assessed on their 401(k) accounts, which are the prevalent retirement tool offered by employers. Of the more than 800 401(k) participants surveyed in …

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BERKO: Facebook investor has no case

Dear Mr. Berko:

I had an order in for months to buy 2,000 shares of Facebook. The day before the offering, I was informed I had 600 shares. In the early morning before the initial …

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BERKO: What Kraft spinoff will mean for investors

Dear Mr. Berko:

I bought 300 shares of Kraft almost two years ago and have a decent profit, though its dividend has not increased as you indicated it would in your July 2010 email to …