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Patch CEO: 1 in 9 sites now profitable

AOL Inc. CEO Tim Armstrong announced Monday that one in nine of its Patch.com network of hyperlocal news websites is now profitable, according to SmartMoney.com.

Iowa has nine Patch sites, including five in Greater Des …

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DuPont donates to virtual education programming

DuPont Pioneer donated $250,000 to the American Farm Bureau Foundation for Agriculture’s My American Farm virtual educational programming.

The donation will support new games and resources, increased outreach to K-12 students and a mobile application …

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Branstad proposes $187 million education reform package

This morning, Gov. Terry Branstad proposed a five-year, $187 million education reform package that would “bring Iowa closer to its goal of providing a world-class education to all children, no matter where they live.”

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Gulling wins CFO of the Year award

Douglas Gulling, executive vice president and chief financial officer for West Bancorporation, has been selected by the Business Record as the 2013 winner of the Deloitte CFO of the Year award. The award went to …

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DSM airport exceeded 2 million passengers in 2012

Des Moines International Airport last year exceeded the 2 million mark in passenger activity, Executive Director Don Smithey said today, as the airport had about 2.08 million inbound and outbound passengers in 2012.

That marks the first …

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Developer Kline admits to bank fraud in court

Greater Des Moines developer John C. Kline today pleaded guilty to two counts of bank fraud in federal court, rather than face a trial later this month and the possibility that his former partner, Randal …

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Iowa NFIB members oppose Medicaid expansion

More than 83 percent of National Federation of Independent Business (NFIB) members surveyed in Iowa said they oppose an expansion of Medicaid in the state. Under provisions of the federal health-care overhaul, states have the …

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Foster Group announces leadership changes

Foster Group Inc., a fee-only investment advisory firm based in West Des Moines, announced that its founder and CEO, Jerry Foster, has assumed a new role as chairman and that its longtime president, Mark Stadtlander, …

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Wells Fargo earnings up 24 percent

Wells Fargo reported $5.1 billion in profit for the fourth quarter. Mortgage refinancings driven by low interest rates helped drive the 24 percent earnings increase,The New York Times reported. Wells Fargo reported $21.95 billion in revenue …

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Iowa Energy Center names new director

Mark Petri, an engineer with 23 years of experience at one of the largest national laboratories has been named the next director of the Iowa Energy Center, effective Feb. 25. Since 2008, Petri has been …