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Insurance

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North Central Bancshares announces dividend

North Central Bancshares Inc., holding company for First Federal Savings Bank of Iowa, announced today that the company’s board of directors declared a cash dividend of 1 cent per share on its common stock.

The …

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Good news? Irene didn’t wash out markets

The U.S. stock market will open for a normal trading session today despite damage from Hurricane Irene, Reuters said.

Lower volume is expected, as are some delays in the opening hours for some markets.

The …

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Hefty deposits posing problems

U.S. regulators have asked some banks to take more deposits from large investors even if it’s unprofitable, and lenders in return are seeking relief on insurance premiums and leverage ratios, Bloomberg reported.
 
Deposits are …

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Insurance companies brace for Irene

Shares of insurance companies Allstate, MetLife and the Travelers Companies Inc. fell 3 percent Thursday, CNNMoney reported, as Hurricane Irene headed for a long swath of coastline from North Carolina to New York.

The storm …

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FBL declares dividend

West Des Moines-based FBL Financial Group Inc. on Thursday announced that its board of directors declared a quarterly cash dividend of 6.25 cents per share to owners of Class A and Class B common stock. …

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BERKO: A utility stock strategy that buys peace of mind


Dear Mr. Berko:

I have a $100,000 CD coming due, and I would like to buy some utility stocks. What do you think of the idea? And which utilities would you recommend for a 72-year-old …

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BERKO: Yahoo yahoos don’t inspire confidence


Dear Mr. Berko:

I bought 500 shares of Yahoo Inc. in June 2008 at $24.40, because I thought Microsoft would come back and make a higher bid than its offer of $31 a share. I …

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BERKO: It’s time to rewire your portfolio


Dear Mr. Berko:

Where do you think the Dow Jones industrial average could be a year from now? Do you have any investment advice that that takes into account the recent market crash? I’m stuck …

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Neighborhood Finance becomes Home Loan Bank member

Neighborhood Finance Corp., a not-for-profit mortgage bank that provides lending programs and other services to facilitate neighborhood revitalization in Des Moines, recently joined the Federal Home Loan Bank (FHLB) of Des Moines as its first …

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Criticized loans declining, report says

The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations and nonbanks, such as insurance companies, improved in 2011 for the second consecutive year, according to the Shared National Credits …