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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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November 19, 2014
07:37 EDTBCSCitigroup to hold a conference
Global Financial Conference is being held in Singapore on November 19-20.
November 18, 2014
06:34 EDTBCSDraghi sees positive signs in euro zone, NY Times reports
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November 17, 2014
10:02 EDTALLOn The Fly: Analyst Downgrade Summary
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07:12 EDTBCSBloomberg / Mayer Brown to co-host a conference
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05:55 EDTALLAllstate downgraded to Market Perform from Outperform at Keefe Bruyette
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November 12, 2014
16:23 EDTBCSOn The Fly: Closing Wrap
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12:38 EDTBCSOn The Fly: Midday Wrap
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08:57 EDTBCSBarclays excluded from forex settlement due to issues with NYDFS, Reuters says
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November 11, 2014
14:30 EDTBCSBanks to be hit with billions in fines for currency manipulation, Telegraph says
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06:53 EDTBCSBanks sued by terror victims, NY Times says
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November 10, 2014
07:12 EDTBCSCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
06:46 EDTBCSRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
06:18 EDTBCSUBS to settle misconduct allegations at precious metals trading unit, FT reports
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