Insurance

The federal government’s $700 billion bailout of banks, insurers and automakers will end after Sunday, but the measure may end up costing far less originally expected, The New York Times reported.

 In a White House …

Alimentation Couche-Tard Inc. has allowed its $38.50 a share tender offer for Casey’s General Stores Inc. to expire. Couche-Tard is based in Laval, Quebec, and is one of the largest U.S. convenience store operators. It …

Des Moines-based Principal Financial Group Inc. announced today that it will exit the medical insurance business and eliminate approximately 1,500 positions, including about 650 in Greater Des Moines.

Principal has entered into an agreement with …

JPMorgan Chase Co. said on Wednesday that it was halting 56,000 foreclosures because some of its employees might have improperly prepared the necessary documents, The New York Times reported.

The bank, which lends through its …

A federal judge in Texas has ordered U.S. Bancorp to pay $53.2 million for infringing on a patent held by Plano, Texas-based DataTreasury Corp., the Minneapolis/St. Paul Business Journal reported.

U.S. District Judge David Folsom …

The U.S. government should gradually hand Fannie Mae’s and Freddie Mac’s loan guarantee functions to private companies, a Wells Fargo Home Mortgage Inc. senior executive said Tuesday. In testimony prepared for a House Financial Services …

Three Central Iowa credit union executives were among 12 members elected to the Iowa Credit Union League board of directors last week, the organization announced Tuesday. Michael Whittie, president of Federal Employees Credit Union in …

The American Bankers Insurance Association (ABIA) has elected John Sorensen to its board of directors, the organization announced this morning. Sorensen, president and CEO of the Iowa Bankers Association, was among 14 new members elected …