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Insurance

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FBL, West Bancorporation declare quarterly dividends for shareholders

West Des Moines-based FBL Financial Group Inc. announced that its board of directors yesterday declared a quarterly cash dividend of 6.25 cents per share for owners of Class A and Class B common stock.

There …

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Iowa joins new elder fraud prevention initiative

The Iowa Insurance Division yesterday joined 23 other state regulators across the country in launching an initiative to help physicians spot seniors who are particularly vulnerable to becoming victims of investment fraud.

The Elder Investment …

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Dwolla secures $1 million investment

Dwolla Corp., an online payment business (www.Dwolla.com) launched in Des Moines earlier this year, has secured $1 million in equity financing, co-founder Ben Milne said.

The Veridian Group Inc., a wholly owned subsidiary of Waterloo-based …

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Consumers prefer choice on overdraft protection

Only 22 percent of consumers holding an automated teller machine (ATM) or debit card have opted-in for debit card overdraft protection, according to a national poll by the Consumer Reports National Research Center. The poll …

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U.S. Bank to buy Bank of America unit

U.S. Bancorp announced Monday that it will buy the securitization trust administration business of Bank of America Corp. U.S. Bank plans to spend up to $35 million on the deal, according to the Minneapolis/St. Paul …

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Economist predicts ‘phenomenal’ farm income

The best second half for commodities in a generation is pushing U.S. farm incomes and agricultural land prices toward record highs, Bloomberg reported.

At a time when the U.S. jobless rate is 9.6 percent and …

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Lowe’s controls labor costs, improves earnings

Lowe’s Cos. Inc., the second-largest U.S. home-improvement retailer, said third-quarter profit increased 17 percent as it controlled labor expenses in the housing slump to counter slower-than-forecast sales growth, Bloomberg reported. Net income rose to $404 …

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Forget the “Dogs”


Dear Mr. Berko:

What do you think of the Dogs of the Dow strategy to beat the market? Our investment club treasurer, who is a CPA, wants to use a money manager who will charge …

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Court decision on annuities helps American Equity sales


American Equity Investment Life Holding Co. reported record sales of annuities during the third quarter of 2010, “with average monthly sales volumes exceeding $400 million.” A court’s decision on how to classify the insurance product …

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Selzer’s Bloomberg poll finds investors pessimistic


According to the latest Bloomberg Global Poll, investors around the world say President Barack Obama is bad for the bottom line, even though U.S. corporations are on track for the biggest earnings growth in 22 …