Texas regulators sanction PFL Life Insurance over misled sales
The Texas Department of Insurance sanctioned PFL Life Insurance of Cedar Rapids a subsidiary of AEGON USA for allegedly selling life policies as investment or retirement plans. The firm has 10 days to respond and comply. AEGON stated cooperation with the regulator and noted the disputed policies were sold from its Little Rock division.
MENTIONED IN THIS ARTICLE
Texas Department of Insurance
PFL Life Insurance of
Cedar Rapids
Aegon USA Inc
Texas
PFL
Rosemary Kostmayer
AEGON
Kostmayer
Little Rock, Ark
Weather smiles on Iowa crops
Iowa crop prospects stay strong as 98 percent of corn and 96 percent of soybeans rate good to excellent after a cool dry week. Averages show 0.38 inch rainfall and temperatures 5 to 7 degrees below normal, with spiders mites in dry pockets and potential second generation corn borers.
MENTIONED IN THIS ARTICLE
Mariene Lucas Gazette Rural Affairs
Iowa
Jim Fawcett
Iowa State University Extension
Marion
Fawcett
IRS finds 15 Iowa firms noncompliant with cash reporting rule
Gazette staff report IRS agents reviewed 105 Iowa businesses during a two week June sweep to enforce Form 8300 reporting for cash payments over $10,000. Delinquent returns totaling $428,471 were penalized, and the effort aimed to educate firms on definitions of cash and filing timelines.
MENTIONED IN THIS ARTICLE
Gazette
Iowa
Internal Revenue Service
IRS
Dave Evans
Des Moines
Optimism lifts stocks across markets
Stocks extended gains as optimism about the economy and profits supported the rally. The Dow rose 33.67 to 3798.17, nearly back to mid June levels, while Eastern Iowa issues showed 23 advancers 11 decliners and nine unchanged. Nasdaq trading slowed 34 minutes due to a power outage after prior software problems.
MENTIONED IN THIS ARTICLE
Iowa
Firstar
International Paper
Quaker Oats
Weyerhaeuser
NEW York Stock Exchange
Aus American Stock Exchange
Kane
DOW Jonne
Frey
Standard & Poor's
Hea US Beer
Ari Weem Associated Press
Aso Ue F Sda
Second quarter profits rise for EDS and allies across sectors
Electronic Data Systems in Cedar Rapids posted net income of 197.3 million on quarterly revenues of 2.334 billion. Other firms like W R Grace and Terra Industries also reported gains or losses with Goodyear and McKesson showing profit improvements, while Allied Life Financial in Des Moines posted higher quarterly earnings.
MENTIONED IN THIS ARTICLE
Electronic Data Systems Corp
Cedar Rapids
Dallas
EDS
W.R. Grace & Co
Boca Raton, Fla
Cryovac Co
Terra Industries Inc
Sioux City
McKesson Corp
McKesson
Goodyear Tire & Rubber Co
Allied Life Financial Corp
Des Moines
Also Mentioned on This Page
Aegon Subsidiary
Washington
Treasury
Treasury Department
Borrow Livers
Caet Bagle
Source
Agriculture Dept
Associated Press
W.R. Grace
Terra Industries
Goodyear
Allied Life
NSRA
Mid America
Street Red
Nation
Cedar Rapids Hawkeye Downs
The
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