Latest news with #Iowa-based
The Hill
7 hours ago
- Business
- The Hill
Kavanaugh objects as Supreme Court turns away California pig welfare law challenge
The Supreme Court on Monday turned away a second bite at the apple to review California's law requiring pork sold in the state to come from pigs raised with sufficient living space. Justice Brett Kavanaugh indicated he would've taken up the case, but neither he nor the majority explained their reasoning, as is typical. Two years ago, the court upheld the law in response to a challenge from national pork and farmers groups. But those groups conceded certain legal arguments, and the Iowa Pork Producers Association hoped to pick up the mantle. Passed by California voters in 2018, Proposition 12 prohibits pork sold in the state if the breeding pig had less than 24 square feet of usable floor space. Industry groups say the law effectively requires farmers nationwide to comply given California's size, and they've also criticized the standard as arbitrary. The legal challenge concerns a doctrine rooted in the Constitution's command that Congress holds the power to regulate interstate commerce. Known as the dormant Commerce Clause, the doctrine restricts states from impeding that power by discriminating purposefully against out-of-state economic interests. In the previous case, however, the challengers didn't argue that Proposition 12 discriminated against other states. They explicitly conceded the argument before the court, instead advancing more aggressive theories that the justices rejected in a fractured decision. The new case provided the court a second bite at the apple, but they declined it. The Iowa-based group advanced a discrimination claim that revolves around an earlier animal welfare measure that applies to California farmers only. That measure gave the in-state farmers six years to comply, but Proposition 12 gave out-of-state farmers less than six weeks. 'If issues of 'morality' can drive the regulation of out-of-state industry (as was supposedly the case with Proposition 12), why couldn't future regulation be based on minimum wage policies of sister States, or employees' immigration status, or any other hot-button social issue of the day? The Framers prohibited precisely this type of discriminatory and overly onerous out-of-state regulation,' the pork association wrote in its petition. The group is represented by law firms Husch Blackwell and Brick Gentry. California urged the court to turn away the challenge, saying the earlier groups conceded the argument because 'it lacks any merit.' 'Proposition 12 enacts a neutral sales restriction that treats in-state and outof-state farmers the same,' the state wrote in court filings.
Business Journals
16 hours ago
- Business
- Business Journals
Owner of St. Louis Post-Dispatch agrees to $9.5M payout, faces 3 new class-action claims
Lee Enterprises, the Iowa-based owner of the St. Louis Post-Dispatch, has agreed to pay $9.5 million to subscribers alleging privacy violations and is now facing three invasion-of-privacy lawsuits from current or former employees.
Yahoo
5 days ago
- Business
- Yahoo
Apella acquires Iowa RIA Iron Horse Wealth Management
Connecticut-based RIA Apella Wealth has acquired Iowa-based peer Iron Horse Wealth Management for an undisclosed sum. This marks the expansion of Apella's financial planning as well as investment management services into the Midwest region. It helps the firm set up a presence in Johnston, Iowa. The transaction adds $574m in assets to Apella's books. The firm managed $6.08bn in assets upon the deal's completion on 20 June 2025. Apella president Jim Scanlan said: 'This partnership represents a significant milestone in Apella's geographic expansion as we establish our first Midwest-based team. We are excited to welcome a highly respected firm, known for its unwavering commitment to clients, to Apella.' Iron Horse is a fee-only advisory firm offering financial planning and fiduciary guidance to individuals and families. As part of the deal, the complete Iron Horse team moved to Apella, with founder and president Dennis Markway becoming regional director. Iron Horse founder and president Dennis Markway said: 'We are overjoyed to join Apella, a team that holds itself to the highest ethical and fiduciary standards and shares our deep dedication to clients, employees, and communities. We are excited to collaborate, share expertise, and learn from our peers, knowing that together we can make a meaningful impact.' This deal represents Apella's 22nd acquisition and the 11th since its alliance with Wealth Partners Capital Group (WPCG), which invested in Apella in September 2021. "Apella acquires Iowa RIA Iron Horse Wealth Management" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
20-06-2025
- Business
- Yahoo
How Is Principal Financial's Stock Performance Compared to Other Insurance Stocks?
Des Moines, Iowa-based Principal Financial Group, Inc. (PFG) provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. With a market cap of $17 billion, the company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments. Companies worth $10 billion or more are typically referred to as "large-cap stocks." PTC fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the asset management industry. PFG benefits from being a leader in global investment management and focusing on small and medium-sized businesses by offering a broad array of retirement and employee benefit solutions and individual insurance solutions. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Despite its strengths, the stock has plunged 17.4% from its 52-week high of $91.97 touched on Oct. 17, 2024. Moreover, over the past three months, PFG stock has declined 8.7%, underperforming the iShares U.S. Insurance ETF's (IAK) 3% fall during the same time frame. PFG stock has declined 1.9% on a YTD basis, underperforming IAK's 3.7% rise in 2025. Moreover, PFG has declined 3.1% over the past 52 weeks, underperforming IAK's 15.4% surge. To confirm its downturn, PFG has been trading mostly below its 200-day moving average since early April and below its 50-day moving average since the last trading session. PFG stock grew 1.3% following the release of its Q1 earnings on Apr. 24. The financial services company posted adjusted revenue of $4.01 billion, beating Street forecasts. Additionally, its adjusted earnings for the quarter rose 9.7% year-over-year to $1.81 but failed to touch the consensus estimates by 2.2%. Its rival, Raymond James Financial, Inc. (RJF), has outperformed the stock over the past year, with its shares surging 24.7% over the past 52 weeks and declining 4.5% in 2025. Among the 14 analysts covering the PFG stock, the consensus rating is a 'Hold.' Its mean price target of $82.38 suggests a modest 8.4% upside potential from current price levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-06-2025
- Business
- Yahoo
Old Station Craft Meats a popular stop for Father's Day grilling
WAUKEE, Iowa — Father's Day weekend is not only bringing the heat with the weather, but also from the grill. Old Station Craft Meats in Waukee has been embracing the rush of customers. 'It's a busy weekend for us for sure. We're just trying to make sure that we're well stocked on all of our cuts. We sell a lot of beef for Father's Day,' owner of Old Station Craft Meats Nick Lenters said. There's few betters ways to celebrate a father, grandfather or father figure than grilling out. Whether you like beef, pork, chicken or something more unique, they've got it. But there's one clear favorite this weekend. Off the Cuff and dancing like no one's watching 'A lot of times this is the area that people are looking at when they're thinking about that steak for dad. We've got dry aged ribeyes, regular ribeyes, tomahawk steaks. We can cut a thick T-bone or a porter house for dad,' Lenters added. He and his brother Adam grew up on a farm with livestock, so now with the store, they want to make sure to source from local farmers as much as possible. 'I think what's special about our meat is that we're trying to get it either local or we're looking for the best quality meat,' he said. 'We have good relationships with our partners, whether it be Upper Iowa Beef in Lime Springs, Iowa or Berkwood Farms here in Des Moines.' They don't just sell meat at the store, they also want to teach their customers how to prepare and cook their meats as well. 'First and foremost is understanding where the meat that you're going to cook comes from off of the carcass, because depending on where it comes from, you're going to use a different cooking,' Lenters said. 'All of us back here have a passion for grilling and smoking. We've got all kinds of ideas for you.' Old Station Craft Meats is open Monday-Friday 8:30 a.m. – 6 p.m., Saturday 8:30 a.m. – 3 p.m., and closed Sunday. Metro News: Old Station Craft Meats a popular stop for Father's Day grilling Des Moines closing splash pads, some pools to reduce water consumption Death investigation underway in West Des Moines after body found in vehicle Former Ankeny teacher sentenced to prison for sexually exploiting student Iowa-based ice cream sandwich now available at Costco locations across Midwest Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
