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Insurance

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Facebook trading, few ‘likes’ on first day

Facebook Inc. shares fizzled on their first day of trade on the Nasdaq Stock Market, erasing early gains of as much as 18 percent to trade close to their initial public offering (IPO) price, Reuters …

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United Fire elects directors

Cedar Rapids-based United Fire Group Inc. elected five directors to its 12-member board during the annual stockholders meeting Wednesday. The new directors are Scott Carlton, president of SGL Carbon LLC in North Carolina, Christopher Drahozal, …

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BERKO: Nuance stock speaks for itself

Dear Mr. Berko:

Sometime during the first couple of months of 2010, my two brothers and I each bought 400 shares of Nuance Communications Inc. at about $22.50 on the advice of our broker, whom …

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A Closer Look: Jerry Patterson

Jerry Patterson first moved to Greater Des Moines 11 years ago when he was recruited to Principal Financial Group Inc. In January, he and his family returned to Iowa after living for three years in …

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BERKO: Deconstructing the value of art

Dear Mr. Berko:

In 1993, my husband and I purchased two Thomas Kinkade scenic paintings for $28,000. We think they are beautiful and still marvel at the colors and scenes. We are cleaning house, getting …

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Senate approves two new board members for Federal Reserve

The Federal Reserve will soon have the first complete board in six years, after two of President Barack Obama’s nominees garnered the 70 votes needed in the Senate to be confirmed to the board.

for …

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Goldman Sachs intends to sell half of its Facebook shares

In a regulatory filing Wednesday, Goldman Sachs Group Inc. disclosed that it intends to sell 28.7 million shares it the Facebook Inc. stock it owns.

The shares Goldman Sachs intends to sell represents about half …

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Wells Fargo claims top SBA lending role

Wells Fargo & Co. approved more than $548 million in U.S. Small Business Administration (SBA) 7(a) loans nationwide in the first half of federal fiscal year 2012, making it the largest SBA lender to small…
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Aviva releases first-quarter sales, management statement

Aviva plc reported that combined life and annuity sales for its U.S. insurance business, Aviva USA, increased 29 percent in the first quarter to $1.6 billion, compared with $1.3 billion in the first quarter of …

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Buffett buys 10.6 million more shares of Wells Fargo

Berkshire Hathaway Inc. has made another investment in Wells Fargo & Co.

According to the Securities and Exchange Commission, Warren Buffett’s company bought an additional 10.6 million shares in the bank, which it has invested …