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Insurance

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Aviva plc CEO resigns

Aviva plc, the United Kingdom’s second-largest insurer, announced yesterday that Andrew Moss has quit as CEO after presiding over an almost 60 percent fall in the company’s share price in the last five years, Bloomberg …
By BPC Staff | May 9, 2012
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Principal, Casey’s, Rockwell Collins make Fortune 500 list

Fortune magazine announced its annual ranking of America’s largest corporations Monday, including three based in Iowa. 


Topping this year’s list was Exxon Mobil Corp., followed by Wal Mart Stores Inc. Exxon regained the top spot …
By BPC Staff | May 7, 2012
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Treasury Department announces price for AIG stock

The U.S. Treasury Department announced today that it will sell off 163 million shares of stock in American International Group Inc. (AIG), hoping to make a profit for taxpayers.

The U.S. government purchased AIG shares in …
By BPC Staff | May 7, 2012
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Farmers Mutual hires Miles Capital

Miles Capital Inc. will now manage $220 million in assets for Farmers Mutual Hail Insurance Company of Iowa (FMH), the two West Des Moines-based companies announced today.

Miles Capital will be the fixed income manager …
By BPC Staff | May 7, 2012
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Berkshire holds shareholder meeting

Warren Buffett and Charles Munger reassured investors in Berkshire Hathaway Inc. about the company’s profitability during a shareholders meeting in Omaha, where the two took questions for more than than five hours.

Buffett said the …
By BPC Staff | May 7, 2012
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Facebook sets value at $96 billion

Social media giant Facebook Inc. announced that it is looking to sell about 337.4 million shares of the company for $28 to $35 a share when the company goes public on May 18. That would…
By BPC Staff | May 4, 2012
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S&P could drop to lowest week of 2012

A weak jobs report from the Bureau of Labor Statistics caused a significant drop in the Standard & Poor’s (S&P) 500 index this morning, putting it on a course to be the worst week for…
By BPC Staff | May 4, 2012
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Liz Claman: 4 financial tips learned from Warren Buffett

FOX Business Network’s Liz Claman will interview Berkshire Hathaway CEO Warren Buffett, Berkshire Hathaway Vice Chairman Charles Munger and Microsoft Chairman Bill Gates in an exclusive sit-down following the Berkshire Hathaway shareholder meeting next Monday. …
By Guest Contributor: Liz Claman | May 4, 2012
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Nationwide makes $1.25 million donation

The Nationwide Insurance Foundation has donated $1.25 million to Feeding America, a charity working to end hunger in the U.S. Nationwide’s donation will benefit the National Produce Program of Feeding America, as well as helping…
By BPC Staff | May 4, 2012
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FBL reports lower first-quarter earning

FBL Financial Group Inc. on Thursday reported first-quarter net income of $16.6 million, or 53 cents per share, compared with $25.1 million, or 80 cents per share, for the first quarter of 2011.

Excluding the …
By BPC Staff | May 4, 2012