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Insurance

14104

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 …
By MALCOLM BERKO | Jul 13, 2012
14105

BERKO: Source of additional IBM shares not a big mystery

Dear Mr. Berko:

My Pop recently died, and I inherited 40 shares of IBM. According to Pop’s records, he only bought 10 shares from a company called Advest in November of 1996 at $156 a …
By MALCOLM BERKO | Jul 13, 2012
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Wells Fargo to pay $175 million settlement

West Des Moines-based Wells Fargo Home Mortgage settled a discriminatory lending allegation on Thursday and said it disagrees with the Department of Justice’s (DOJ) allegations but felt settling would be better for customers and investors…
By BPC Staff | Jul 12, 2012
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CFTC might approve ‘Corzine rule’

Following the scandal at Peregrine Financial Group Inc. (PFGBest), the Commodity Futures Trading Commission (CFTC) is expected to approve a new regulation that requires top executives to give approval before firms dip into customer accounts.…
By BPC Staff | Jul 12, 2012
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Peregrine Financial Group files for bankruptcy

Cedar Falls-based Peregrine Financial Group Inc., also known as PFGBest, filed to liquidate its assets in a Chapter 7 bankruptcy filing yesterday.

According to Bloomberg, the company listed $500 million in assets and $100 million …
By BPC Staff | Jul 11, 2012
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Iowa commodities broker may have lost $200 million

The Commodities Futures Trading Commission (CFTC) has accused a Cedar Falls-based broker of losing more than $200 million, one day after the founder and chairman was found in his car unconscious from an apparent suicide attempt. 


Yesterday, …
By BPC Staff | Jul 10, 2012
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Four Iowa hospital systems join Medicare ACO program

The Centers for Medicare and Medicaid Services (CMS) today announced that 89 additional U.S. health systems, including four in Iowa, have been selected to participate as Medicare Shared Savings Program accountable care organizations (ACOs).

Under …
By JOE GARDYASZ | Jul 9, 2012
14083

BERKO: Dinar deal too good to be true

Dear Mr. Berko:

Charles, a devout and refined member of our evangelical church, allowed us to invest $5,000 into 4 million Iraqi dinars recently. He said that in November 2013, the Iraq government will raise …
By MALCOLM BERKO | Jul 6, 2012
14087

BERKO: Big losses for RIMM shareholder

Dear Mr. Berko:

I made a huge mistake taking your advice to buy 200 shares of Research In Motion that you strongly recommended in your column at $128 shortly after its 3-for-1 split in 2007. …
By MALCOLM BERKO | Jul 6, 2012
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Aviva PLC to cut 16 divisions

In an effort to increase capital reserves, Aviva PLC announced this morning it will cut 16 of its non-core divisions, according to Bloomberg.

Aviva USA announced this morning that it will not comment its parent …
By BPC Staff | Jul 5, 2012