Tickers: April 20
Visitation for James Hubbell Jr., a fourth-generation member of one of Des Moines’ most notable families, will be from 5 to 7 p.m. today at Dunn’s Funeral Home, 2121 Grand Ave., Des Moines. Funeral services will be at 11 a.m. Tuesday at St. Paul’s Episcopal Cathedral, 815 High St. Hubbell died Saturday at his home. He was 86. Among a lifetime of efforts on behalf of his hometown, Hubbell championed a downtown theater, hotel and plaza complex, an effort that eventually led to the Civic Center of Greater Des Moines and Nollen Plaza. The Hubbell family donated Terrace Hill to the state of Iowa for use by its governors. Contributions can be made to the Community Foundation of Greater Des Moines.
Principal Financial Group Inc. shares have been unduly punished and deserve another look from investors, Barron’s reported on Sunday. The weekly magazine said it was unlikely all the investment losses that investors expect will be recorded by the insurer. Barron’s said that Principal stock was trading at a low price relative to the company’s book value and that the stock could rebound because of its steady money management arm and its lack of exposure to guarantees that back variable annuities. Principal shares have been hit hard — down 72 percent over the past 12 months and 35 percent this year — partly because of concern that an infusion of U.S. government capital would reduce shareholder earnings about 27 percent next year, but some investors contend such an investment will get Principal through the financial crisis.
The registration deadline is Wednesday for a free workshop featuring grant opportunities under the $787 billion American Recovery and Reinvestment Act. Sen. Tom Harkin, Gov. Chet Culver and other government and business representatives will attend the April 27 workshop at Dallas Center-Grimes High School, 33521 U.S. Highway 44, Grimes. Click here to register.
The Iowa Finance Authority has raised income limits for its FirstHome and FirstHomes Plus affordable-housing programs. Maximum incomes for the FirstHome program, which offers fixed-rate, low-cost mortgages, are between $74,400 and $106,400. The maximum income for applicants under the FirstHomes Plus program, which provides up to $2,500 cash assistance on higher-rate mortgages, is $49,600.
Wells Fargo Insurance Services Inc. has acquired North Coast Surety Insurance Services and North Coast Surety Technologies, which provide surety bonds for public works contractors in the San Francisco Bay region, Wells Fargo & Co. said in a news release. Terms of the sale were not disclosed.


