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Insurance

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Getting Father’s money in 7 simple steps


Dear Mr. Berko:

Whatever caused the recent earthquake in Richmond, Va., also caused our wealthy, 77-year-old father to update his will. Father now seems to have a death premonition (the quake shook but did not …

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No substitute for a wise money manager


Dear Mr. Berko:

I’m 56 and a recently retired doctor who moved to Jonesboro, Ark., to be near my daughter. Last month, I sent you a letter telling you that I have $1,920,000 in cash …

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Coopera, TMG launch prepaid card for Hispanics

Coopera Consulting and The Members Group (TMG) have launched a reloadable Visa prepaid debit card designed specifically to help credit unions and community banks attract Hispanic cardholders. The Coopera Card gives Hispanic cardholders access to …

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Bankrate to acquire online insurance sites

Bankrate Inc. has agreed to acquire the insurance lead and marketing business of InsWeb Corp. for $65 million in cash, the South Florida Business Journal reported. The deal includes InsWeb.com, where users can compare insurance …

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Corporate earnings losing steam in ‘grind-it-out economy’

This year’s rebound in corporate earnings is losing steam as slower economic growth and greater strain on consumers threaten sales and profit margins at companies from Texas Instruments Inc. to Google Inc., Bloomberg reported.

Earnings …

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We’ve dodged a recession, economists say

The U.S. has likely dodged a recession for now, even though it’s too early to sound the all-clear for the economy, Bloomberg reported.

A string of stronger-than-projected statistics — capped by the news on Oct. …

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Private equity funds losing steam, but should top 2010 total

U.S. private equity fund-raising slipped in the third quarter, raising concern that fund-raising is starting to lose momentum, but it remains on track to top the $95.9 billion raised in 2010, Dow Jones LP Source …

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FBL to sell EquiTrust Life

FBL to sell EquiTrust Life West Des Moines-based FBL Financial Group Inc. today announced it has agreed to sell its, EquiTrust Life Insurance Co. subsidiary, to controlled affiliates of Guggenheim Partners LLC for a preliminary…
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Employment growth*

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BERKO: Not many good reasons to buy Wells Fargo stock


Dear Mr. Berko:

I own 75 shares of Wells Fargo & Co. that I bought earlier this year at $33.60. It’s now $24. Should I buy another 75 shares at the current price, or should …