Irwin's closes after 58 years in Marion retail
Irwin's, a Marion men’s apparel store at 1180 Seventh Ave, will begin a going out of business sale Thursday and close December 23. Owner Lee Larson, who has worked there since high school, says he is seeking new opportunities after nearly four decades. The store opened in 1956 and employs four.
MENTIONED IN THIS ARTICLE
Marion
Lee Larson
Irwin’s
Larson
Seventh Ave
Irwin Renfer
Jack
Renfer
Jack Larson
Rockwell Collins
Transamerica
United Fire Group forecasts third quarter earnings slump
Cedar Rapids insurer United Fire Group projects third-quarter operating earnings from a 3 cents loss per diluted share to a 1 cent profit as catastrophic losses rise. CEO Randy Ramlo cites about 12 percentage points higher combined ratio from Q3 catastrophes and eight multimillion dollar fire claims affecting property, auto and homeowners lines.
MENTIONED IN THIS ARTICLE
United Fire Group
Cedar Rapids
Ramlo
United Fire
P G to Spin Off Duracell Battery Unit
Procter and Gamble plans to divest its Duracell battery business likely via a spin off into a separate company as it refocuses on faster growing consumer brands. The move follows weaker quarterly sales and a strong dollar headwind with analysts estimating Duracell earnings around five hundred million last year on two billion revenue.
MENTIONED IN THIS ARTICLE
Procter & Gamble
Duracell
P&g
John Moeller
Fab
Trojan
Perma
Iowa City
MidWestOne posts steady third quarter earnings
MidWestOne Financial Group reports third quarter net income of 4.9 million or 59 cents per share, matching the year-ago period. The bank cites a 2.3 percent rise in net interest income, a 40 percent drop in loan loss provisions, and a 5.4 percent rise in noninterest income as drivers. Chief Executive Charles Funk notes deposits increased meaningfully while some large short term deposits may exit in Q4.
MENTIONED IN THIS ARTICLE
MidWestOne Financial Group
MidWestOne Bank
Iowa City Bank Holding Company
Charles Funk
MidWestOne
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Irwin
George.ford
Thegazette
the Gazette
Matt Burnette
George
Ford
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