IowaPolitics.com reported that the government reorganization plan projected to save the state $74.1 million and local governments another $44.2 million in fiscal year 2011, was approved 35-15 Monday night by the Iowa Senate. Twenty-five amendments were offered to the Senate File 2088, the first substantial reorganization of state government in 25 years, and 12 were adopted.

Des Moines-based CDS Global has acquired the Optima business, which was previously operated by Optima Data Intelligence Services Limited, Optima Data Intelligence Limited and Optima UK Limited. The business provides magazine fulfillment, customer data and order management solutions to business-to-business and specialist consumer publishers in the United Kingdom. As part of the acquisition, CDS Global will provide magazine subscription fulfillment solutions to some of the U.K.’s premier business-to-business companies. It will grow its client portfolio by 36 publishers and 320 magazine titles.

President Obama is set to release a plan today to allocate $30 billion to community banks that agree to make loans to small businesses as part of a new government lending program financed by the remaining Troubled Asset Relief Program funds. Read about plan here.

West Des Moines-based GuideOne Insurance purchased the renewal rights to Argonaut Great Central Insurance Company’s religious institution book of business, the company announced yesterday. GuideOne will begin placing the business on its books beginning with April 1 renewals. The book represents approximately $13 million in church premiums and 3,300 policies for 1,900 churches.

Rockwell Collins Inc. reported a net income of $121 million for its fiscal year 2010 first quarter ended Dec. 31, a decrease of $30 million or 20 percent from the $151 million net income during the quarter a year prior. The company reported earnings per share of 76 cents, a decrease of 19 cents, or 20 percent, from earnings per share of 95 cents during the same period of 2009. See the full release.