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Insurance

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Wells Fargo helps Habitat for Humanity

Wells Fargo & Co. will give $175,000 to Greater Des Moines Habitat for Humanity today to support the organization’s projects, including the upcoming Habitat 20/10 build, the Women’s Build and the CEO Build. The company …

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Cash-strapped loan programs hinder small businesses

Dozens of state programs that help small businesses get needed loans are in jeopardy, CNNMoney.com reported.

Though they cost relatively little to operate and are successful at helping create jobs, many of the programs, which …

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Wells Fargo follows Wachovia into the CMBS forest

Wells Fargo & Co. is plunging back into the commercial mortgage-backed securities (CMBS) market that helped fell Wachovia Corp., the bank it bought in 2008 for $12.7 billion, Bloomberg reported.

Wells Fargo added more than …

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Credit card rules go into effect

New rules designed to protect credit card users from “unreasonable late payment and other penalty fees” went into effect Sunday as a result of the Wall Street reform bill, CNNMoney reported.

The rules block credit …

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Bond run-up is the longest since mid-’80s

Individual investors, burned by two market crashes in a decade, have shunned stocks for the longest stretch in more than 23 years, upsetting the balance of power in the $10.5 trillion mutual-fund industry, Bloomberg reported.…

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Fidelity: More people borrowing from savings

The number of people borrowing from their retirement savings plans reached a 10-year high in the second quarter, according to Fidelity Investments, as Americans grappled with slowing economic growth. The portion of 401(k) accounts with …

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Regulators take over ShoreBank

Regulators last Friday shut down a big Chicago-based community bank known for its social activism but racked by financial troubles in recent months. The Federal Deposit Insurance Corp. took over ShoreBank, with $2.16 billion in …

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A Closer Look: Don Blum


What is construction bonding?

A construction bond is a risk management tool used to protect project owners from a contractor failing to perform to the contract’s terms and conditions (performance bond) or pay for the …

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Regulators probe insurers’ life payout practices


Should a life insurance beneficiary opt for a lump-sum payment or ask the company to hold the funds for him or her? The National Association of Insurance Commissioners (NAIC) is examining whether insurers are providing …

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The company’s great, but don’t buy the stock


Dear Mr. Berko:

I’ve been looking at buying Kimberly-Clark, because our family consumes so many of its products. When we were overseas, we saw its products in almost every country. I know about its excellent …