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Stock Market & Financial Investment News

News Breaks
June 3, 2014
07:28 EDTAIG, ALL, AMP, AXS, CNO, HIG, PFG, REWells Fargo to hold a forum
5th Annual Wells Fargo Insurance Forum to be held in Boston on June 3.
News For AIG;ALL;AMP;AXS;CNO;HIG;PFG;RE From The Last 14 Days
Check below for free stories on AIG;ALL;AMP;AXS;CNO;HIG;PFG;RE 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 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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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
12:07 EDTPFGPrincipal Financial, Macquarie Group join forces in CMBS market
Principal Real Estate Investors and Macquarie Group announced they are creating Principal Commercial Capital, a lending platform focused on originating and securitizing commercial mortgages in the commercial mortgage-backed securities, or CMBS, market. Principal Real Estate Investors and Macquarie will jointly manage the nationwide lending platform. Principal Real Estate Investors will source, underwrite, close and service loans. Macquarie will provide funding and capital markets expertise.
September 10, 2014
10:00 EDTHIGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: African Barrick Gold (ABGLY) upgraded to Neutral from Sell at Goldman... ArcelorMittal (MT) upgraded to Overweight from Underweight at Barclays... CRH Plc. (CRH) upgraded to Outperform from Underperform at Raymond James... Callon Petroleum (CPE) upgraded to Buy from Neutral at SunTrust... Coach (COH) upgraded to Overweight from Neutral at Atlantic Equities... Hartford Financial (HIG) upgraded to Outperform from Market Perform at FBR Capital... Huntsman (HUN) upgraded to Buy from Neutral at Citigroup... Imperva (IMPV) upgraded to Outperform from Perform at Oppenheimer... L Brands (LB) upgraded at Credit Suisse... Marcus (MCS) upgraded to Buy from Neutral at B. Riley... Noodles & Company (NDLS) upgraded to Buy from Neutral at UBS... Sunoco Logistics (SXL) upgraded to Overweight from Equal Weight at Barclays... Triangle Petroleum (TPLM) upgraded to Buy from Accumulate at KLR Group... Twitter (TWTR) upgraded to Buy from Neutral at UBS.
05:56 EDTHIGHartford Financial upgraded to Outperform from Market Perform at FBR Capital
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September 9, 2014
10:18 EDTAIGDollar General listed among 5 largest long positions by Jana Partners
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