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Stock Market & Financial Investment News

News Breaks
January 23, 2013
08:55 EDTACE, ACE, MET, MET, MFC, MFC, CB, CB, AIG, AIG, ALL, ALL, MMC, MMC, PGR, PGRBofA/Merrill's insurance analysts to hold a conference call
European Insurance Analyst Stewart, U.S. P/C Insurance Analyst Cohen, U.S. Life Insurance Analyst Weiss, Asian Insurance Analyst Chan and Canadian Insurance Analyst Theriault discuss the 2013 global insurance outlook and their top five picks, ACE Ltd, AIA Group Ltd, ING Group, MetLife and Manulife, on an Analyst/Industry conference call to be held on January 23 at 9 am.
News For ACE;MET;MFC;CB;AIG;ALL;MMC;PGR From The Last 14 Days
Check below for free stories on ACE;MET;MFC;CB;AIG;ALL;MMC;PGR the last two weeks.
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September 19, 2014
11:19 EDTAIGAIG loss of Jay Wintrob a 'big deal,' says Wells Fargo
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10:06 EDTALLOn The Fly: Analyst Downgrade Summary
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07:10 EDTALLMarchex price target cut to $6 from $12 at RBC Capital
RBC Capital cut its price target on Marchex (MCHX) after the company announced that Allstate (ALL) would no longer be its customer. However, the firm notes that Marchex has about $3.40 per share in cash, and it still believes that the company can benefit from the mobile and local Internet "megatrend." It keeps an Outperform rating on the shares.
06:26 EDTALLAllstate downgraded to Equal-Weight from Overweight at Evercore
September 18, 2014
16:30 EDTAIGAIG Life & Retirement CEO Jay Wintrob leaving company
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12:45 EDTALLOn The Fly: Midday Wrap
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08:59 EDTALLOn The Fly: Pre-market Movers
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06:20 EDTALLMarchex cuts 2014 call-driven revenue outlook due to revised Allstate commitment
Allstate (ALL) has indicated its desire to move to a fixed fee model going forward. Under this proposed model, Marchex’s (MCHX) economic upside would have been limited, while financial exposure to Marchex would have remained. Marchex does not believe it is in its best long-term interest to work under such an arrangement. Marchex will continue to work with Allstate as an integration partner utilizing its call analytics technology. Marchex expects this will be a relatively small financial contributor. Marchex CEO Russell Horowitz said, "“This outcome is disappointing, as we believe that a performance-based model is the way most companies are progressing. This is the trend we are seeing with our customer base... Beyond Allstate, we continue to experience growth in our customer base for call-driven advertising products and believe we are early in the customer adoption phase of mobile and call-driven advertising."
September 17, 2014
14:41 EDTMETMetLife management to meet with Sterne Agee
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September 15, 2014
13:00 EDTAIGAIG names Philip Fasano as Chief Information Officer
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08:40 EDTAIGAIG to host investor day
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06:07 EDTMETMetLife to host investor day
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September 14, 2014
18:02 EDTAIGOutcome of AIG bailout trial may carry risk for insurer, WSJ says
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13:38 EDTALLAllstate shares still look like a bargain, Barron's says
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September 12, 2014
09:15 EDTPGRProgressive shares attractive at current levels, says Bernstein
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September 11, 2014
10:56 EDTPGRProgressive August EPS beat expectations, says Wells Fargo
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08:41 EDTPGRProgressive reports August net premiums written up 10% $1.5B
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September 10, 2014
13:49 EDTACEACE launches global primary casulty unit for U.S., Canadian firms
ACE launched a new division that consolidates its U.S. and global casualty offerings to create ACE Risk Management Global Casualty. The division will provide more efficient underwriting and servicing for large multinational companies, as well as smaller but growing companies that may be increasing their operations in additional jurisdictions around the world.
September 9, 2014
10:18 EDTAIGDollar General listed among 5 largest long positions by Jana Partners
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