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Insurance

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FBL reports first quarter improvement

FBL Financial Group Inc. reported net income for the first quarter of $26.5 million, compared with $18 million for the first quarter of 2010.

Operating income totaled $28.6 million, up from $20.3 million a year …

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EMC reports operating loss

EMC Insurance Group Inc. had a net income of $5.2 million for the first quarter, compared with $9.9 million for the first quarter of 2010.

The company reported a operating income loss of $146,477, compared …

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Meta reports second-quarter earnings

Meta Financial Group Inc. reported net income of $2.7 million in its second quarter, which ended March 31, compared with $5.2 million for the prior year.

Earnings were substantially higher than the $0.7 million first-quarter …

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CFOs like financial prospects, fear inflation

Chief financial officers in the Midwest are increasingly optimistic about the economy, but they are wary of inflation, according to a survey by Grant Thornton LLP.    Fifty-seven percent of respondents said their companies plan to …

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Wells Fargo to acquire foreign currency exchange service

Wells Fargo & Co. announced today that it will acquire substantially all of the U.S.-based operating assets of Foreign Currency Exchange Corp. (FCE), a wholly owned subsidiary of the Bank of Ireland Group. Financial terms …

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Hertz makes a second offer for Dollar Thrifty

Hertz Global Holdings Inc., the largest publicly traded rental-car company, offered to buy Dollar Thrifty Automotive Group Inc. for $2.24 billion in cash and stock, countering a bid by competitor Avis Budget Group Inc.

Hertz …

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Berkshire expects a $1.25 billion gain on Goldman deal

Warren Buffett’s Berkshire Hathaway Inc. said it expects a $1.25 billion pretax gain in the second quarter and lower investment income in future periods after its $5 billion investment in Goldman Sachs Group Inc. was …

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Buy GE? Of course


Dear Mr. Berko:

Do you still believe that GE is a strong long-term stock? In light of its reported earnings of $14 billion on which it paid no taxes, don’t you think this tax avoidance …

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A Closer Look: David Murray


So you’re an Iowa native?

I was actually born in Sioux City, but for the most part grew up around the Des Moines area. I was in Des Moines until about sixth grade, and spent …

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Follow the trust


Steven Zumbach was new on the job at the Belin McCormick law firm when he was told to meet with a Chicago tax attorney for a prominent Greater Des Moines businessman.

That was in 1977, …