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  • Nationwide misses goal, will pay state $3M for job losses

    Friday, July 19, 2019 3:31 PM
    Nationwide plans to repay nearly $3 million in state aid because the company eliminated 646 of the 1,570 jobs it promised to keep for 10 years as part of an expansion. 

  • Matovina to retire from American Equity

    Friday, July 19, 2019 3:31 PM
    John Matovina, president and CEO of American Equity Investment Life Holding Co., has notified the company’s board of his intention to retire, according to a filing Thursday with the U.S. Securities and Exchange Commission. 

  • Heartland Express reports strong 2Q earnings

    Thursday, July 18, 2019 3:36 PM
    Heartland Express today reported 23% higher earnings per share for its second fiscal quarter. 

  • House votes to kill Cadillac Tax provision of Obamacare

    Thursday, July 18, 2019 11:22 AM
    After two votes to delay the implementation of the ACA’s “Cadillac tax” on high-dollar employer-sponsored health insurance plans, the U.S. House of Representatives has voted to kill the provision altogether, BenefitsPro reported. 

  • Peterson joins American Enterprise to lead preneed sales

    Tuesday, July 16, 2019 2:41 PM
    Des Moines-based American Enterprise Group Inc. announced that Kenn Peterson has joined the company as vice president for national preneed sales. 

  • Wells Fargo posts higher profit on cost controls, rise in loans

    Tuesday, July 16, 2019 11:04 AM
    Wells Fargo & Co. reported higher quarterly profit today despite flat revenue as the bank benefited from aggressive cost-cutting. 

  • State’s Medicaid expenses to increase 6.5% under new contracts

    Wednesday, July 10, 2019 2:48 PM
    Iowa’s total Medicaid spending will increase by 8.6% this fiscal year, under new contracts with the state’s two managed care organizations, the Iowa Department of Human Services announced today. 

  • Athena GTX awarded $4.4 million Navy contract for casualty care system

    BY JOE GARDYASZ
    Tuesday, July 9, 2019 1:24 PM
    Johnston-based Athena GTX today announced it has secured a major contract with the U.S. Navy, in cooperation with the U.S. Army, for an advanced system it will produce to provide critical care support to wounded soldiers in remote areas of the world. 

  • Insurance industry employment dips in June

    Tuesday, July 9, 2019 10:45 AM
    The U.S. insurance industry lost 1,400 jobs in June over May, following five consecutive months of job increases in 2019, according to preliminary figures from the U.S. Labor Department’s Bureau of Labor Statistics, Best’s Insurance News reported.

  • Most Iowa stocks gain ground in June

    BY JOE GARDYASZ
    Monday, July 8, 2019 1:48 PM
    A majority of Iowa-based stocks recorded gains in June, as the Iowa Index of stock prices ticked upward by 7.85% over May. Just five of the 21 Iowa-based companies in the Iowa Index ended June with a decline in price. 

  • Corteva stock up 2.6% with $1B stock repurchase

    Thursday, June 27, 2019 2:55 PM
    Corteva Agriscience’s shares have jumped 2.6 percent after the company on Wednesday announced a $1 billion share repurchase program over the next three years. 

  • Former Missouri regulator to lead Iowa’s securities bureau

    Tuesday, June 25, 2019 2:32 PM
    Iowa Insurance Commissioner Doug Ommen today announced that Andrew Hartnett has been appointed as deputy administrator for securities. 

  • Green Plains suspends dividend, redirects cash to technology, stock buybacks

    Wednesday, June 19, 2019 10:28 AM
    Ethanol and feed producer Green Plains Inc. announced Tuesday that its board of directors has decided to suspend its quarterly cash dividend in order to retain and redirect cash flow to the company’s Project 24 opex equalization plan, the deployment of high-protein technology and its stock repurchase program. 

  • Casey’s net income up 33%

    Tuesday, June 11, 2019 10:14 AM
    Casey’s General Stores Inc. on Monday reported net income of $25.2 million, or 68 cents per diluted share, for its fiscal fourth quarter that ended April 30, compared with 19.3 million, or 51 cents per diluted share, for the same period a year ago. 

  • Accordia Life reaches settlement in policyholders’ suit

    Monday, June 10, 2019 3:03 PM
    An Illinois federal judge gave an early approval Friday to a settlement, including $2.2 million in attorneys' fees, that ends litigation over claims that Accordia Life and Annuity Co. unlawfully canceled the no-lapse guarantees in several customers’ life insurance policies, Law360 reported. 
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