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Insurance

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American Equity announces notes

American Equity Investment Life Holding Co. announced today the pricing of $170 million in aggregate principal amount of 3.5 percent convertible senior notes. The company has also granted the initial purchasers of the notes a …

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ACE to acquire Rain and Hail for $1.1 billion

Johnston-based Rain and Hail Insurance Service Inc., the second-largest crop insurer in North America, has agreed to be acquired by ACE Ltd., a global property and casualty insurance company with headquarters in Switzerland.

ACE announced …

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Couche-Tard could up offer for Casey’s

In its continuing pursuit of Casey’s General Stores Inc., a Canadian company has said it might increase its offer to the convenience store chain from $38.50 a share. In addition, Alimentation Couche-Tard Inc. said last …

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Wells Fargo helps auto lender

Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Co., said it has provided a $12 million revolving credit facility to K STReet Finance Inc., a lender serving a group of used car dealerships …

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hhgregg: lower-case name, first-class company


Dear Mr. Berko:

My new broker recently recommended 300 shares of hhgregg as a long-term investment, believing the stock can move up $30 in the next two years. What do you think? Also, we both …

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An ‘Omen’ to ignore


Dear Mr. Berko:

Please tell me how the Hindenburg Omen stock market predictor works. My broker now follows this market indicator and wants me to liquidate my entire (large) portfolio. He told me that the …

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Solar shingles are a small deal for Dow Chemical

Dear Mr. Berko:

My broker is excited about Dow Chemical, because the company has developed roof and siding shingles that contain embedded solar chips. He says these shingles can be put on by any handyman …

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Digital ads are up, benefits down at Lee


Newspaper publisher Lee Enterprises Inc. reported a 4.9 percent overall decline in advertising revenues in the quarter that ended June 27 despite a 24.8 percent increase in digital advertising. Translated into dollars, ad revenues decreased …

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Drake to host discussion on financial reporting standards

A roundtable discussion on a new set of rules that will affect U.S. insurance companies doing business abroad will be held at Drake University on Sept. 13. The discussion will focus on the new International …

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Unemployment insurance numbers down

The number of jobless Americans filing for unemployment insurance fell last week to the lowest level in nearly two months, a government report released today showed.
 
There were 451,000 initial jobless claims filed in…
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