Market Winners and Losers: Sprint, Office Depot Nov 4, 2008
Principal Financial Group Inc. (PGI). In a similar report to HIG, the company reports that it has plenty of capital. (Fox News)
Lorie Line to perform at NIACC Nov 4, 2008
Platinum sponsors for the 2008-2009 series include NIACC, Globe Gazette Elizabeth Muse Norris Charitable Fund, the Globe Gazette, Alliant Energy, Community National Bank, Henkel Construction and Principal Financial Group. Gold sponsors include Diamond Jo Casino, First Citizens National Bank, First State Bank of Belmond, Kraft, Mercy Medical Center-North Iowa, Martin, Cooney, MacNider & Cooney, Financial Consultants of Raymond James and Associates, Inc.; Dr. Gary W. Swenson and Dean A. Genth, and... (Mason City Globe-Gazette, IO)
S&P 500 October Winners & Losers Nov 2, 2008
Principal Financial Group (nyse: - - ) I. 18. (Forbes -- Markets)
Bryce L. Mercer (1984-2008) (11) Oct 27, 2008
Following graduation, he took a job with Principal Financial Group, Des Moines, where he currently was employed. Survived by: his parents, Randy and Vivian Mercer of Gladbrook; a sister, Justina (Derek) Brant of Albertville, Minn. (Waterloo-Cedar Falls Courier)
Community in shock over murders (8899) Oct 23, 2008
Mercer and Jessica Deemer both worked at Principal Financial Group in West Des Moines. Mercer moved to the area after earning a double major in finance and economics from Wartburg College in 2006. (Waterloo-Cedar Falls Courier)
Mutual Funds &Personal Finance Oct 21, 2008
"When 401(k) plans were introduced in 1981, they were thought of as a supplement to defined benefit plans," said Renee Schaaf, vice president, retirement and investor services, Principal Financial Group. "But everything has changed.". (Investors Business Daily)
Stocks Be A-Soarin'! Oct 14, 2008
-- Principal Financial Group Inc., up $4. 75 at $22. (San Francisco Chronicle -- Business)
Asian stocks surge on bank stakes plan Oct 14, 2008
Yields are probably going north,'' said da Silva, who helps oversee $244 billion for the unit of Principal Financial Group insurance and investment company. The cost of protecting Japanese and Australian corporate bonds from default declined. (Sydney Morning Herald -- Business)
MetLife shares fall after job cuts Oct 8, 2008
In afternoon trading, the shares of other insurers, such as Principal Financial Group Inc and Allstate Corp sank 20 percent and 11 percent, respectively, amid concerns over the need to raise capital further in the industry. MetLife, which has 49,000 employees around the world, according to Reuters data, said the layoffs would conclude this month. (Yahoo News -- Top Stories)
Sale of CI stake lets Sun Life look south Oct 7, 2008
Other U.S. insurers, such as Lincoln and Principal Financial Group, could also be facing capital challenges, said Genuity Capital Markets analyst Mario Mendonca, who expects Sun Life to announce a transaction in the U.S. in the next 30 to 60 days. While the insurer's deal with Scotiabank was put together over the weekend, Mr. Stewart played down the idea that the insurer is already on the verge of announcing an acquisition. (Globe and Mail)
Economic projections indicate slower growth in jobs, income Oct 4, 2008
Bob Baur, a global markets economist for Principal Financial Group, said Iowa banks will be insulated from the turmoil on Wall Street for the most part, but he said a government bailout package could help unfreeze credit markets. Baur encouraged Iowa policymakers to boost incentives for small businesses to set up shop in Iowa as a means of protecting the state economy. (Waterloo-Cedar Falls Courier)
Diane Keaton, Goldie Hawn, Phylicia Rashad, Ann Compton, Jane Pauley, Fran Drescher, Joy Behar and Others in a Stellar Lineup of Top Celebrities Leading Connected Conversations in Cities Across America Oct 3, 2008
With major corporations such as DuPont, Bank of America, Principal Financial Group and Hy-Vee on board, sponsorships are quickly filling up. A few slots remain in select existing markets, and sponsorships will also be available in as many as six additional markets for the 2010 season. (PR Newswire)
Insurers plunge on Sen. Reid's 'bankrupt' remark... Oct 3, 2008
Other insurers -- including Canadian based Manulife Financial Corp. (), which owns John Hancock, Prudential Financial (, ) and Principal Financial Group (, ) -- also slipped, falling 6%, 11% and 15. 5% respectively. (The Drudge Report)
Insurance Stocks Drop After Sen. Reid Comment Oct 3, 2008
Principal Financial Group Inc, a large life and health insurer, and MetLife Inc, the largest U.S. life insurer, also fell sharply, closing down 16. 3 percent and 15 percent, respectively. (ABC News -- Wire)
Gas prices continue fall, drop below $3 a gallon Oct 3, 2008
Myron Daniel of Charles City said the cheaper gas should save his wife, Mary Ellen, about $10 a week as she commutes to her job at Principal Financial Group in Mason City. He s got one more wish. (Mason City Globe-Gazette, IO)
Govt trading ban could have unintended results Sep 21, 2008
The 799 companies covered by the SEC ban are an A-to-Z of the nation's financial institutions, including the powerhouse investment banks such as Goldman Sachs Group Inc. and Morgan Stanley and commercial banks running the gamut from Bank of America Corp. to Cape Fear Bank Corp. SLM Corp., which is known as Sallie Mae and is the biggest U.S. student lender is on the list, as are Charles Schwab Corp., Berkshire Hathaway Inc. and Principal Financial Group Inc.. Washington Mutual Inc., the nation's... (San Diego Union-Tribune -- Business)
Sweet tee times Sep 19, 2008
The tournament is sponsored by the Muscatine Community Y and Principal Financial Group of Des Moines. Joe Fernau, director of training and outreach for Special Olympics Iowa, said the Special Olympics Unified Golf Tournament takes place throughout Iowa and volunteers tell him they have as much fun as the Special Olympians. (Muscatine Journal, IO)
North Iowa investment counselors say, stay the course Sep 17, 2008
Jim Pieper, a Clear Lake-based registered representative with the Principal Financial Group, said his basic advice to clients is to stay the course. For those who currently aren t investing in the stock market, now might be a good time to start because prices are so low and are bound to recover, according to Pieper. (Mason City Globe-Gazette, IO)
TechWeb's InformationWeek Unveils the Top 10 Most Innovative Companies on the Coveted 2008 InformationWeek 500 Sep 16, 2008
Principal Financial Group Inc. 10. Pinnacle West Capital Corporation To view complete coverage of the InformationWeek 500 with exclusive editorial content, CIO blogs, image galleries and the full rankings, please visit. (PR Newswire)
Retirement account rules may surprise you Sep 7, 2008
Chad Terry, director for retirement solutions at Principal Financial Group Inc., a provider of retirement and investment services, recommends retirees consolidate multiple retirement accounts before they hit mandatory distribution age ... Here are some tips from Chad Terry, director of retirement solutions at Principal Financial Group Inc., for making sure you don't miss minimum distributions from retirement accounts, which are required by the government at age 701/2. (The Clarion-Ledger)
Retirement account rules catch many by surprise Sep 4, 2008
MANAGE ACCOUNTS: Chad Terry, director for retirement solutions at Principal Financial Group Inc., a provider of retirement and investment services, recommends retirees consolidate multiple retirement accounts before they hit mandatory distribution age. That eliminates dealing with several companies administering multiple accounts and trying to figure out how much should be paid, and out of which account. (San Diego Union-Tribune -- Business)
Convention Daybook: Events for Tuesday Aug 26, 2008
FSR Financial Literary Brunch Allstate, Aegon, Bank of America, Capital One, Charles Schwab, Chubb, Edward Jones, Fidelity, Genworth, Mastercard, Mutual of Omaha, Nationwide, Principal Financial Group, State Farm, NASDAQ, U.S. Bank, Visa, Wachovia and Wells Fargo; Invitation only. 10 a.m.-Noon; Mile High Station, 2027 W. Colfax Ave., Denver; Contact unavailable. (Roll Call)
Workers avoid cutting 401(k) contributions Aug 14, 2008
Principal Financial Group said in its Well-Being index released in May that 3% of workers they questioned said they'd reduced retirement contributions because of higher gas prices. The online survey was conducted by Harris Interactive of more than 1,100 workers and 673 retirees. (USA Today -- Money)
Sapiens Announces Q2 2008 Results Aug 13, 2008
" Comment Regarding Non-GAAP Sapiens' management believes that the presentation of non-GAAP measures can enhance the understanding of the company's ongoing economic performance, and provides useful information to investors regarding financial and business trends relating to the company's financial condition and results of operations. Sapiens therefore uses internally the non-GAAP information to evaluate and manage the Company's operations. This non-GAAP financial measures are not in accordance... (PR Newswire)
Worksheet: The Roth 401(k) Estimator Aug 8, 2008
Ultimately, whether an individual is better off with a Roth 401(k) than with a traditional 401(k) depends on whether their income taxes will be higher in retirement than they are now, says Chris Bowman, vice president of retirement and investor services at Principal Financial Group, a Des Moines, Iowa-based 401(k) plan provider. Unfortunately, that's something no one can predict with certainty. (SmartMoney)
Target-Date Funds Hit Their Stride Jul 30, 2008
Treasury inflation-protected securities (TIPS) and commodities have cropped up in a few target-date funds, including those offered by Fidelity and Principal Financial Group (). Providers are mulling ways to invest in hedge funds and private equity, too. (BusinessWeek)
Glacier Bancorp, Inc. Earnings for Quarter Ended June 30, 2008 Jul 25, 2008
There were no sales of investments in the quarter, unlike the first quarter which included $248 thousand in gain from the sale of shares in Principal Financial Group (PFG) and a mandatory redemption of a portion of Visa, Inc. shares from its initial public offering ... Gain from the sale of investments during the first half of 2008 included a first quarter mandatory redemption of a portion of Visa, Inc. shares from its initial public offering, and the sale of shares in Principal Financial Group... (PR Newswire)
Up In Smoke BBQ Bash set for smoking weekend Jul 23, 2008
The Grand Champion sponsors are North Iowa Area Community College, Graham Tire, Principal Financial Group, Lake Chevrolet and Hy-Vee Food and Drugstores. Primary sponsors also include the Reserve Champions, PepsiAmericas of Mason City, Lake Fireplace Premium Beverage LLC, Diamond Jo Worth Casino and Casey's General Stores. (Forest City Summit, IO)
CIMB-Principal Islamic targets GCC Jul 17, 2008
KUALA LUMPUR: CIMB-Principal Islamic Asset Management Sdn Bhd, the joint venture between CIMB group and the Principal Financial Group Inc (PFG), is targeting to raise funds for its asset management activities from countries in the Gulf Cooperation Council (GCC). CIMB group chief executive Datuk Seri Nazir Razak said the new company, in which CIMB and PFG would have equal shares, eyed the GCC countries due to their booming oil revenues. (The Star Online, Malaysia -- Business)
Bloomers partners with Gravois Volunteer Firefighters Association Jul 14, 2008
LAKE OF THE OZARKS - Lake Bloomers Garden Club has received a 250 grant from the Principal Financial Group Civic Development Grant Program, 'Let's Go Native', using local native plants in our communities. The National Garden Clubs, Inc. established the grant program under the sponsorship of the Principal Financial Group Foundation Inc. to boost civic development across the nation and to plant native species at the same time. (Camdenton Lake Sun Leader, MO)
Inflation squeezes retirees as more seniors downsize dreams Jul 1, 2008
More than half of retirees cut spending during the first quarter of this year because of worsening economic conditions, up from less than one-third who did so in the fourth quarter of 2007, according to a survey conducted in May by Principal Financial Group. A survey AARP conducted in April found that more than half of Americans 55 to 64 have postponed plans to travel because of the economic slowdown. (USA Today -- Money)
Nearly $3 million raised by private relief effort Jun 27, 2008
Gov. Chet Culver appointed civic leaders Fred Hubbell, former CEO of Equitable of Iowa, and Barry Griswell, chairman of the Principal Financial Group Inc., to head the collaborative. "The initial response from individuals and companies here in Iowa has been phenomenal," Griswell said in a statement. (Waterloo-Cedar Falls Courier)
Emerging markets seen pulling in investors Jun 26, 2008
Principal Global Investors, a diversified asset management organisation and a member of US-based Principal Financial Group, is also a shareholder in CIMB.. In view of the global slowdown, investors should seek outperforming sectors, such as technology and commodities, that have high growth in the GEM.. (The Star Online, Malaysia -- Business)
Groups spend nearly $195,000 to wine and dine lawmakers Jun 25, 2008
--The Principal Financial Group shelled out 6,359 and Hy-Vee Inc. spent 5,364 on events. --Union Pacific spent 1,484. (Sioux City Journal, IO)
Culver taps more leaders to help with fundraising effort Jun 22, 2008
Griswell currently serves as chairman of the Principal Financial Group, Inc. and is the incoming president of the Greater Des Moines Community Foundation. Hubbell is the former CEO of Equitable of Iowa Companies and currently serves as the chairman of the Iowa Power Fund Board. (Sioux City Journal, IO)
Second Life to host a two-week gala expo with real-world speakers Jun 21, 2008
More speakers from Philips, Principal Financial Group, North Carolina State University, Indiana University, Wells Fargo, and other universities and institutions are expected to participate. After Second Life exited beta and publicly launched in June 2003, the online virtual world was met with excitement from gamers, with more than 5,000,000 million registered Second Life registered Residents playing online. (BetaNews)
2 tapped to lead private flood fundraising efforts Jun 21, 2008
Barry Griswell, chairman of the Principal Financial Group, and Fred Hubbell, former chairman, president and CEO of Equitable of Iowa Companies will lead the effort. "With so much desire to help comes the need for coordination to ensure private fundraising is going where it is needed most, as efficiently as possible," Culver said in a statement. (Waterloo-Cedar Falls Courier)
Sullivan Ouster Shows Insurance Beats Securities as Most Perilous for CEOs Jun 21, 2008
Prudential Financial Inc., Lincoln National Corp., Principal Financial Group Inc. and have new CEOs. will take over at Cincinnati Financial Corp. next month. (Bloomberg)
LATINA Style Business Series Celebrates the 10 Year Anniversary Tour in Atlanta, GA Jun 8, 2008
The 2008 LSBS title sponsor is Macy's Inc. National sponsors include: AFLAC, Principal Financial Group, Sam's Club, State Farm Insurance, United Healthcare and Wal-Mart. The series beverage sponsor is PepsiCo and its brands Aquafina and Propel. (PR Newswire)
Heitritter-Leary vows spoken Jun 7, 2008
The groom is employed at Principal Financial Group in Des Moines. Following a honeymoon in Cancun, Mexico, they reside in West Des Moines. (Ocheyedan Press Melvin News, IA)
Nest Egg Insurance Jun 4, 2008
Principal Financial Group. According to the IIABA, along with CFP Lawrence Keller, several types of defined contribution plans apply for protection including: Money Purchase Plans, Profit Sharing Plans, Simplified Employee Pensions (SEPs), Employee Stock Option Plans (ESOPs), 401(k), 457 and 403(b) Plans, SARSEP Plans, Traditional and Roth IRAs, SIMPLE Plans and Keogh Plans. (W-USA News, DC)
Principal Financial CEO sees 28 percent pay raise for 2007 (28) Jun 1, 2008
DES MOINES, Iowa (AP) -- Retirement and financial services company Principal Financial Group Inc. paid its retiring CEO total compensation valued at 11 ... On the Net: Principal Financial Group. (Sioux City Journal, IO)
Beacon's Fixed Annuity Premium Study Reports First Quarter's Fixed Annuity Sales May 31, 2008
Total Fixed Annuity Sales (in thousands) ------------------------- AIG Annuity Insurance Co. (NYSE: - ) 2,722,826 New York Life 1,411,591 Aviva USA(3) 1,282,078 Allianz Life(4) 1,143,565 Principal Financial Group (NYSE: - ) 766,031 Allstate Financial (NYSE: - ) 656,105 American National (NasdaqGS: - ) 585,000 Jackson National Life 584,428 Genworth Financial Companies 569,028 Protective Life (NYSE: - ) 560,876. First quarter's five best-selling products were issued by four of these companies. (Primezone Releases)
Companies help employees deal with fuel costs May 21, 2008
"Being the sole breadwinner of my family, I had to reconsider my spending priorities," says the assistant human-resources manager at Principal Financial Group Inc.. Normally joining the vanpool would cost Mr. Vos $600 a year - or $3,600 less than what he was spending annually on gas for his 1996 Ford Ranger for work purposes alone. (AZCentral -- Business)
Pre-sales aid industrial property market May 10, 2008
Des Moines, Iowa-based financial-services firm Principal Financial Group Inc. bought two warehouses in southwest Phoenix for a total of $41. 1 million from Skokie, Ill. (AZCentral -- Business)
Community News May 8, 2008
"Asian inspiration will take place 10 a.m.-8 p.m. Saturday, May 17 at the Principal Financial Group Children's Activities Pavilion, Iowa State Capital Grounds, as part of the Iowa Asian Alliance's Asian Heritage Festival. Kemlyn Tan Bappe will curate the exhibit. Arc raffle announced The Arc of Jefferson y Counties has launched their annual raffle fund-raiser with members selling raffle tickets for two beautiful hand-painted kiln-fired tiles. Proceeds from the raffle, or donations made in lieu... (Mt. Pleasant News, IA)
Youth art exhibit still seeking entries May 8, 2008
Asian Inspiration will take place from 10 a.m.-8 p.m. Saturday, May 17, at the Principal Financial Group Children's Activities Pavilion, Iowa State Capitol grounds, as part of the Iowa Asian Alliance's Asian Heritage Festival. Kemlyn Tan Bappe of Mt. Pleasant will curate the exhibit. (Mt. Pleasant News, IA)
Pogeler/Follmann Engagement May 6, 2008
She is employed as a Sr. Counselor for Principal Financial Group in Des Moines. The groom-to-be is a 2002 graduate of Cumberland-Massena High School and a 2004 graduate of Des Moines Area Community College. (Atlantic News-Telegraph, IO)
Stine Seed hits the track as race car sponsor Apr 19, 2008
PRINCIPAL FINANCIAL GROUP The Principal Financial Group has been involved with NASCAR racing for the past three seasons. "Since joining the NASCAR family in 2006, we have found it to be a very effective venue to reach our customers, business partners and sales force," said Mary O'Keefe, Principal's senior vice president and chief marketing officer. (Yahoo News -- Auto Racing)
Leadership series features two speakers Apr 17, 2008
This event is sponsored by Globe Gazette Elizabeth Muse Norris Charitable Fund, Mercy Medical Center-North Iowa and Principal Financial Group ... This event is sponsored by Globe Gazette Elizabeth Muse Norris Charitable Fund, Mercy Medical Center-North Iowa and Principal Financial Group. (Mason City Globe-Gazette, IO)
NIACC announces line-up for 2008-2009 Performing Arts and Leadership Series Apr 17, 2008
Platinum sponsors for the 2008-2009 series include NIACC, Globe Gazette Elizabeth Muse Norris Charitable Fund; the Globe Gazette; Alliant Energy; Community National Bank; Henkel Construction; and Principal Financial Group. Gold sponsors include Diamond Jo Casino; First Citizens National Bank; First State Bank of Belmond; Kraft; Mercy Medical Center North Iowa; Raymond James; and Sukup Manufacturing. (Mason City Globe-Gazette, IO)
North Grand Mall holds New Business Expo Apr 12, 2008
Now working as an investment adviser for the Principal Financial Group, Graff said he wanted to invest in a business that would allow him to be an absentee owner, but that would provide him with access to resources. A franchise like Pretzelmaker fit the bill, he said. (Ames Daily Tribune, IA)
Workers worry about savings for comfortable retirement Apr 9, 2008
Daniel J. Houston, president for retirement and investor services with the Principal Financial Group in Des Moines, Iowa, which was a sponsor of the survey, said the low savings balances were especially troubling because the current generation of workers isn t likely to have the full array of pension and retiree health care benefits of earlier generations ... Principal Financial Group. (Somerset Daily American, PA)
Workers worry over retirement readiness Apr 9, 2008
Daniel J. Houston, president for retirement and investor services with the Principal Financial Group in Des Moines, Iowa, which was a sponsor of the survey, said the low savings balances were especially troubling because the current generation of workers isn't likely to have the full array of pension and retiree health care benefits of earlier generations. He was heartened by the increase in workers who have tried to calculate how much they need to save - 47 percent in 2008, up from 43 percent... (Anchorage Daily News)
Band Festival will honor Gil Lettow Apr 9, 2008
This year s festival sponsors are Curries, First Citizens National Bank, Holcim, i wireless/OmniTel Communications, Kraft Foods, Principal Financial Group, Diamond Jo Casino, Kephart s Music Center, Arby s Restaurant, Lehigh Cement Company, and Mercy Medical Center-North Iowa. The annual Friends of the Festival campaign is underway. (Mason City Globe-Gazette, IO)
Trammell Crow starts on final part of industrial park Apr 8, 2008
The owner is part of the Des Moines, Iowa-based Principal Financial Group Inc. (NYSE: PFG). Latest News. (Denver Business Journal, CO)
Financial Firms Are Clamoring for Boomers' Nest Eggs Apr 2, 2008
" To be sure, the 401(k) rollover isn't where all the action is in the retiree land grab. The wealthiest investors are more likely to have fortunes scattered across a range of assets, such as real estate and hedge funds. But they're also likely to have firm relationships already in place with advisers, while "mass affluent" upper-middle-class investors, with more of their assets tied up in 401(k)s, are probably going to face big changes in their financial lives. And while some investors will be... (SmartMoney)
Attorney general's consumer fraud proposal derailed again Apr 1, 2008
According to lobbyist declaration records, opponents of the measure included out-of-state giants such as Johnson on, Wal-Mart Stores Inc., GlaxoSmithKline, Monsanto Co. and Microsoft Corp. In-state businesses that opposed it included Casey's General Stores, Hy-Vee Inc., Principal Financial Group and Meredith Corp.. Supporters included the Iowa Trial Lawyers Association, Iowa Association of Area Agencies on Aging, the League of Women Voters of Iowa and unions including the United Steel Workers of... (Sioux City Journal, IO)
Baby boomers have options in starting Social Security benefits Mar 31, 2008
Source: Principal Financial Group ... Drew Denning, vice president for the retiree services division at the Principal Financial Group in Des Moines, Iowa, said boomers also need to "make sure your nest egg is at critical mass.". (OCRegister)
Tour announces 2007 schedule (1) Mar 29, 2008
Among the new events and changes, the Principal Charity Classic will be played in June at Glen Oaks in the Des Moines, Iowa, area, home of the sponsoring Principal Financial Group. The Allianz Championship, formerly played in Des Moines, has a new home at the Old Course at Broken Sound in Boca Raton, Fla. (Helena Independent Record, MT)
Smoke alarms, planning save family Mar 23, 2008
You can t believe how fast that fire spread, said Lau, who works at Principal Financial Group in Mason City. Her husband works for the Iowa Chicago & Eastern Railroad. (Mason City Globe-Gazette, IO)
Business Briefs Mar 22, 2008
Ribera joins Principal Financial Group. Ellie Ribera has joined the Principal Financial Group as a financial strategy representative and as a Princor registered representative ... Ribera comes to Principal Financial Group with thirty years experience in stock and real estate investing. (Chippewa Falls Chippewa Herald, WI)
Sure you're ready to retire? Mar 9, 2008
Drew Denning, the vice president for the retiree services division at the Principal Financial Group in Des Moines, Iowa, said boomers also need to "make sure your nest egg is at critical mass." ... Drew Denning, the vice president of the retiree services division at the Principal Financial Group in Des Moines, Iowa, suggests that baby boomers look at several factors before deciding when to collect Social Security. (The Augusta Chronicle)
Principal Financial cuts 40 jobs, 26 in Des Moines Mar 7, 2008
Don't have an account. (older than 14 days). (Waterloo-Cedar Falls Courier)
Principal Plans to Double Mexico Assets by 2013 As Stocks Gain Popularity Mar 6, 2008
March 5 (Bloomberg) -- Principal Financial Group Inc., a U.S. life insurer, plans to double its assets under management in Mexico within five years by betting that workers will seek higher investment returns as they get closer to retirement. Retirees may look to invest in mutual funds, as stocks benefit from falling interest rates and slowing inflation, Alejandro Echegorri, chief investment officer for the local unit of the Des Moines, Iowa-based life insurer, said in an interview. (Bloomberg -- Latin America)
