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Insurance

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A first: Berkshire could pay dividend, magazine says

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 …

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MidAmerican board declares quarterly dividends

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 …

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Frosh picks stocks


Dear Mr. Berko:

My daughter’s freshman high school class is studying the stock market, and each student was asked to pick three stocks they think will do well between January of this year and May, …

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Iowa debuts health insurance information exchange website

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 …

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AIG says it was defrauded by local claims adjuster

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 …

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Wells Fargo reports record fourth-quarter profit

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 …

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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 …