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Stock Market & Financial Investment News

News Breaks
March 1, 2013
09:33 EDTALL, BCSAllstate says entered into share repurchase agreement to purchase $500M of stock
On February 28, Allstate (ALL) entered into an accelerated share repurchase agreement with Barclays (BCS) to purchase $500M of its outstanding common stock. The majority of the shares to be repurchased under this agreement will be received by the Registrant at the agreementís inception. It is expected that Barclays will purchase the shares that it delivers under the agreement in the market within a timeframe not to exceed four months. The final purchase price per share and number of shares to be delivered by Barclays will be determined at the conclusion of the agreement and settlement will consist of the Registrant receiving shares based on the average of the daily volume weighted average prices of the Registrantís common stock during the period of Barclaysí purchases. If the Registrant is required to pay a settlement amount, the Registrant may elect to settle in cash or shares of its common stock. The agreement is part of the Registrantís repurchase programs totaling $2B that were announced on December 17, 2012 and February 6, 2013.
News For ALL;BCS From The Last 14 Days
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April 15, 2014
07:11 EDTBCSBarclays still deciding what to do with investment bank, WSJ reports
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06:58 EDTBCSBarclays appoints Gillies as non-executive director
Barclays announced that Crawford Gillies has been appointed as a non-executive director of Barclays and will become a member of the board remuneration committee with effect from May 1. The company said, "It is intended that Crawford Gillies will succeed Sir John Sunderland as chairman of the board remuneration committee at a date to be agreed, consistent with ensuring a smooth transition."
April 14, 2014
15:06 EDTALLAllstate sells Sterling Collision Centers, sees small after-tax gain
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April 9, 2014
07:41 EDTALLBofA unit, Allstate dismiss toxic mortgage debt suit, Reuters says
Allstate (ALL) and Bank of America's (BAC) Countrywide unit have agreed to end a lawsuit stemming from $700M of toxic mortgage debt, according to Reuters, citing a court filing. Reference Link
07:23 EDTBCSBarclays relocates more suburban Singapore staff to city, Bloomberg says
Barclays is relocating more employees to an office in Singaporeís central business district from the suburbs to reduce expenses, according to Bloomberg, citing people familiar with the matter. Reference Link
April 7, 2014
13:43 EDTBCSBarclays reaches settlement with U.K. care home operator, Reuters says
Barclays reached a settlement with U.K. care home operator, Guardian Care Homes, that accused it of mis-selling products connected to benchmark interest rates just weeks prior to the beginning of a possibly embarrassing court case for the company, according to Reuters, citing a Barclays spokesman. Reference Link

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