AABP EP Awards 728x90

Insurance

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WikiLeaks plans to release info on cross-border banks

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, …

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U.S investors won’t get a piece of Facebook

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. …

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Banking sector boosted by JPMorgan earnings report

JPMorgan Chase & Co. reported a 47 percent increase in fourth-quarter earnings as it continues to deal with the aftermath of the mortgage crisis, Reuters reported.

The bank, shares of which rose 2.2 percent to …

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Consumer sentiment down as gas prices soar

The preliminary consumer sentiment index compiled by Thomson Reuters and the University of Michigan fell to 72.7 in January from 74.5 in December as gas prices soared, MarketWatch reported.

U.S. stocks wavered between gains and …

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Retail sales up for sixth straight month

Sales at U.S. retailers rose 0.6 percent in December from November, Bloomberg reported.

The increase marked the sixth consecutive month that sales increased and capped the largest one-year jump in more than 10 years, according …

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Longtime Des Moines firm files to reorganize finances

Miller the Driller Inc. filed to reorganize its finances under U.S. bankruptcy law today in federal court in Des Moines. The company, which has operated in Greater Des Moines for more than half a century, …

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Meredith to report fiscal 2011 second quarter results

Meredith Corp. plans to report the results of its fiscal year 2011 second quarter on Jan. 25, prior to the opening of U.S. stock markets. A conference to discuss the results has been scheduled for …

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AEL to release 2010 earnings

West Des Moines-based American Equity Investment Life Holding Co. will release its fourth-quarter 2010 earnings after the close of U.S. markets on Feb. 23. The fourth- quarter earnings release and a financial supplement will be …

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A municipal minefield


Dear Mr. Berko:

What do you think of municipal bonds? I recently read that Bill Gross, who manages PIMCO, the biggest municipal bond fund, recently invested $4.5 million in it, bringing his total to $9 …

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Principal becomes U.N. signatory

Principal Financial Group Inc.’s Principal Global Investors announced today that it will be a signatory for the United Nations-backed Principles for Responsible Investment (PRI) program.

Signatories commit to an annual report considering PRI’s six principles …