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Insurance

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Nonprofit hopes to educate on annuities

A new nonprofit – Milwaukee-based Society for Annuity Facts & Education Inc. (SAFE) – is setting out to educate people about annuities. 

“SAFE believes that providing accurate, easy-to-understand information about annuities and the role they play in …

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Barclays CEO resigns amid Libor scandal

The CEO of London-based Barclays PLC announced this morning that he will step down from his position. 

Robert Diamond, who has led Barclays since 2011, decided to step down after scrutiny and political pressure mounted …

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Peter Madoff arrested for securities fraud

Peter Madoff, brother of Bernard Madoff, was arrested on Friday more than three years after his brother confessed to running the largest Ponzi scheme in history, The New York Times reported.

The Federal Bureau of …

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LAUNCH: Cognizant Technology Solutions Corp.

Greater Des Moines has gained the presence of another major global Fortune 500 insurance company without losing an existing major insurer to a buyout or merger.

On June 14, Cognizant Technology Solutions Corp. and ING …

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BERKO: Which stocks to trade for CDs?

Dear Mr. Berko:

I have a $30,000 4.25 percent CD that comes due this week, and l want to invest half of that in a couple of safe stocks that will pay me at least …

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BERKO: Space vs. Oceans

Dear Mr. Berko:

Last May, the Falcon 9 rocket was launched from Cape Canaveral, Fla. This private, billion-dollar-plus investment was financed by PayPal founder Elon Musk and other investors and should be very profitable in …

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Matovina named CEO of American Equity

American Equity and Investment Life Holding Co. has named a new CEO.

The company announced Wednesday that John Matovina will take over as president and CEO.

Matovina previously served as chief financial officer and treasurer …

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BERKO: High-yield preferred 8 percent

Dear Mr. Berko:

I have a $100,000 CD (which is most of my money) coming due next month that was paying 4 percent, or $4,000, a year in income, and I get a $16,000 pension …

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Nationwide to sponsor 80/35 Kids Zone

Organizers of the 80/35 music festival and Nationwide Mutual Insurance Co. are hoping concertgoers will bring the whole family downtown for music next weekend.

Nationwide is sponsoring 80/35’s Kids Zone on July 6 and 7, …

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Is there a red cent in the house?

Most Americans don’t have nearly enough money stashed away for emergencies and more than one in four don’t have a single penny saved, according to research by Bankrate.com, CNNMoney reported.

The general rule of thumb …