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Insurance

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Iowa to join MetLife multistate settlement

The National Association of Insurance Commissioners (NAIC) announced Tuesday that 22 states have joined a $40 million settlement agreement with Metropolitan Life Insurance Co.

The settlement, which will be divided among the participating states, was reached last …

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European leaders work to keep Greece in the eurozone

German Chancellor Angela Merkel said Wednesday that she does not want to see Greece leave the euro behind and that Germany will do everything it can to keep Greece in the eurozone.

Merkel met yesterday …

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Facebook adds more shares the day before IPO

After increasing the price of shares to $35 to $38 yesterday, Facebook Inc. announced today it will increase the amount of shares it makes available in its initial pubic offering Thursday, adding 84 million more …

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Eurozone escapes recession, but Greece causes more worries

The eurozone economy barely missed dipping into another recession, as the overall gross domestic product for the area was unchanged for the first quarter of 2012. Most economists predicted (GDP) would contract by 0.2 percent,…
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JPMorgan loss brings federal probe

The federal government is looking into JPMorgan Chase & Co.’s loss of $2 billion to see whether any criminal activity occurred, according to Bloomberg.

The U.S. Department of Justice and the Federal Bureau of Investigation …

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Facebook ups stock price for initial public offering

Facebook Inc. has set a new price for shares of its stock, which become available on Thursday in the company’s initial public offering.

According to a regulatory filing, Facebook raised the stock price range to …

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CPCU monthly meeting to take place May 17

 The May meeting for the Iowa chapter of the Chartered Property Casualty Underwriters (CPCU) Society will be on May 17 from 7:30 to 9 a.m. at the Des Moines Golf and Country Club in West …

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JPMorgan loses $2 billion, sees stocks fall to lowest in 9 months

The share price of one of the world’s largest banks, JPMorgan Chase & Co., fell by as much as 7.7 percent this morning after CEO Jamie Dimon announced last night that the company’s chief investment…
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Producer price index falls in April

The producer price index fell by 0.2 percent in April, due to a decrease in energy and gasoline prices.

The drop in producer prices means inflation is not likely to increase and will remain at …

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Earnings fall for Fort Dodge bank

North Central Bancshares Inc., which operates First Federal Savings Bank of Iowa, announced Friday that first-quarter earnings decreased from last year.

The company announced that its net income was $127,000, down from $690,000 for last …