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Insurance

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Abbott Labs


Dear Mr. Berko:

I’m new to the stock market, and my broker has recommended that I buy 70 shares of Abbott Laboratories. Please tell me about this stock and let me know if you think …

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More U.S. companies hoarding cash

U.S. companies were sitting on $1.93 trillion in cash and other liquid assets at the end of September, up from $1.8 trillion at the end of June, The Wall Street Journal reported.

The cash buildup …

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Principal outlook revised to stable

A.M. Best Co. has revised the outlook of Principal Financial Group Inc. and two of its life insurance operating companies to stable from negative. The financial strength rating of “A+” and issuer credit ratings of …

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Wells Fargo adds ATM budgeting tool

Wells Fargo & Co. announced this morning introduced ATM Cash Tracker, a tool to help customers manage their finances. The new feature, available to Wells Fargo customers at the company’s automated teller machines nationwide, enables …

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Principal announces retirements and promotions

Principal Financial Group Inc. announced yesterday that Ellen Lamale, senior vice president and chief risk officer, will retire in early 2011 after more than 34 years with the company.

Lamale joined Principal in 1976 and …

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Thrivent Financial for Lutherans continues to fund affordable housing

Greater Des Moines Habitat for Humanity will receive $60,500 in funding to help build one house in Des Moines as part of Thrivent Builds with Habitat for Humanity in 2011. Nationally, Thrivent Financial for Lutherans …

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Earlham Savings Bank branches out


Earlham Savings Bank, which opened its newest branch in Woodward last week, also plans to open a branch in Van Meter early next year. The West Des Moines-based bank received approval from the Iowa Division …

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Is $600 billion a psychic lift to the economy?


Plans by the Federal Reserve System to pump $600 billion into the economy during the next eight months to encourage lending and keep interest rates low could boost the borrow-and-spend spirits of bank customers.

And …

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Bet on health care


Dear Mr. Berko:

Do you think that health-care costs and spending under Obama-care will continue to grow (especially drugs) in the coming decade? My broker wants me to buy 200 shares of Teva. Please tell …

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Profits soar, hiring doesn’t


’It was the best of times; it was the worst of times,” wrote Charles Dickens to begin “A Tale of Two Cities.” That line fairly captures the broader economic landscape as we near the finish …