Stock Market & Financial Investment News

News Breaks March 1, 2013 09:33 EDT ALL, BCS Allstate 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 agreement’s 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 Registrant’s common stock during the period of Barclays’ 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 Registrant’s repurchase programs totaling $2B that were announced on December 17, 2012 and February 6, 2013. News For ALL;BCS From The Last 14 Days Check below for free stories on ALL;BCS the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 23, 2013 05:48 EDT BCS Proxy advisers see their power diminish, WSJ reports Subscribe for More Information May 22, 2013 12:26 EDT ALL Allstate volatility near six-year lows, shares pull back from 56-month high Allstate June and July call option implied volatility is at 14, October is at 16, January is at 17; compared to its 26-week average of 19 according to Track Data, suggesting decreasing price movement. 09:02 EDT ALL Allstate announces capital management plans Subscribe for More Information 08:18 EDT ALL Allstate likely to lose $100-$300M on tornado, says Deutsche Bank Subscribe for More Information May 20, 2013 07:50 EDT BCS Gulf wealth funds raise private equity investments, Reuters reports Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link May 17, 2013 13:03 EDT ALL Allstate files $3.8M medical fraud lawsuit Subscribe for More Information May 16, 2013 12:32 EDT BCS EU bank stress test delayed until 2014 by regulator The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link 09:00 EDT ALL Allstate announces April catastropohe loss estimate Subscribe for More Information 08:33 EDT ALL BofA/Merrill's gobal financial analysts hold an analyst/industry conference call Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. May 15, 2013 05:59 EDT ALL Corporate boards recruit newcomers with digital knowledge, WSJ reports Subscribe for More Information May 14, 2013 05:44 EDT BCS Banks work deals from both sides of the field, WSJ reports Subscribe for More Information May 13, 2013 18:06 EDT BCS Barclays gets shareholder lawsuit over Libor thrown out, Reuters says Subscribe for More Information 06:49 EDT BCS ECB member says negative deposit rates would help economy, Reuters says Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.