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Insurance

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Wells Fargo reports record first quarter

Wells Fargo & Co. reported record net income of $3.8 billion, or 67 cents per diluted common share, for the first quarter of 2011, up from $2.5 billion, or 45 cents per share, for the …

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Mapleton banks set up trust fund

First State Bank of Mapleton and Valley Bank and Trust of Mapleton have set up a trust fund for victims of the April 9 tornado.

Donations can be made by mail, online or by email. …

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Principal plans to acquire London-based emerging markets investor

Principal Global Investors LLC announced a definitive agreement today to acquire a majority stake in Finisterre Capital LLP and Finisterre Holdings Ltd. (known together as Finisterre Capital), a London-based investor in emerging markets. Finisterre Capital …

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FBL in agreement for reorganization of investment trust funds

Federated Investors Inc. has reached an agreement to reorganize the portfolios of EquiTrust Series Fund Inc. and EquiTrust Variable Insurance Series Fund into comparable mutual funds managed by Federated. The EquiTrust Mutual Funds, currently managed …

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Gas, food prices fuel concern over inflation

Inflation climbed at its fastest pace in more than a year in March as gas prices soared, Reuters reported.

The Consumer Price Index (CPI) rose 2.7 percent last month from March 2010, the largest 12-month …

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Wittrock named as Aviva’s chief investment officer

Aviva USA has named Joseph Wittrock as its chief investment officer. Wittrock, who most recently served as head of research for West Des Moines-based Aviva Investors North America, will manage the risk and investment results …

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American Equity to release earnings

American Equity Investment Life Holding Co. will release its first-quarter earnings following the close of the market on May 4. The earnings release and financial supplement will be posted on the American Equity’s website at …

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FBL to announce earnings, hold conference call

FBL Financial Group Inc. will announce its first-quarter earnings after the close of U.S. markets on May 9. The first-quarter earnings release and financial supplement will be posted on FBL’s website at that time. On …

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Netflix: Great company, but an overpriced stock


Dear Mr. Berko:

I just sold 300 shares of Wal-Mart and want your opinion on investing the proceeds in 50 shares of Netflix and 500 shares of Navios Maritime in a conservative, growth-oriented IRA account. …

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A Closer Look: JoAnn Johnson


How did you go from teaching to politics?

I got volunteered. The man who ran the local elevator was very involved in Republican politics, and I was involved at the precinct level. I listened to …