Insurance

The Financial Accounting Standards Board (FASB) today backed off from its plan to make banks use market values to calculate how much the loans on their books are worth, according to Bloomberg.

The panel today …

Credit cards may soon be as outdated as vinyl records, CNNMoney.com reports.

You can already use iPhones, Droids or BlackBerrys to buy a hot dog at a ballgame, buy  a Starbucks latté, or give a …

Warren Buffett’s Berkshire Hathaway Inc. could pay a dividend in the next 12 to 18 months, according to a report in the Jan. 24 issue of Barron’s, Reuters reported today. Berkshire hasn’t paid a dividend …

The board of directors of MidAmerican Energy Co. has declared the regular quarterly dividends on its seven series of preferred stock. Payable March 1, shareholders of record as of Feb. 7 will receive a regular …

Iowans seeking options for health-care coverage have a new online resource available to them. Last week, the Iowa Insurance Division announced the launch of the Health Insurance Information Exchange at www.insuranceinfoexchange.iowa.gov.

    The site features …

A Greater Des Moines subsidiary of American International Group Inc. (AIG) has accused a former claims adjustor of participating in a scheme to collect nearly $1 million in payments for the repair of construction defects …

Wells Fargo & Co. reported record net income of $12.4 billion, or $2.21 per share, for 2010, up from $12.3 billion, or $1.75 per share, for 2009, the company reported this morning. Fourth-quarter net income …

WikiLeaks plans to release data on about 2,000 cross-border bank accounts provided by a former Julius Baer Group Ltd. employee, who says they may have been set up to evade taxes, Bloomberg reported.

Rudolf Elmer, …

Goldman Sachs Group Inc. said it will offer shares of Facebook Inc. only to investors outside the United States, because completing the private securities offering amid “intense media attention” may violate market regulations, Bloomberg reported. …