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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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August 29, 2014
06:53 EDTBCSBarclays loans $275M to finance Detroit bankruptcy, WSJ says
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August 28, 2014
09:57 EDTALLOn The Fly: Analyst Initiation Summary
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06:35 EDTBCSEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
06:22 EDTALLAllstate initiated with a Neutral at Compass Point
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August 20, 2014
17:14 EDTBCSBarclays settles Thornburg Mortgage lawsuit, WSJ says
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