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Stock Market & Financial Investment News

News Breaks
October 31, 2012
07:55 EDTAIG, ALL, TWGP, CB, BRO, TRVAnalyst estimates Sandy insured losses about $7B-$8B, Bloomberg says
The cost of Hurricane Sandy should exceed $20B, though that total may include insured losses of about $7B-$8B, with much of the remaining tab to be picked up by cities and states to repair infrastructure, according to the hazard-research firm Kinetic Analysis Corp., reported Bloomberg. Reference Link
News For ALL;TRV;CB;AIG;BRO;TWGP From The Last 14 Days
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May 22, 2013
12:26 EDTALLAllstate 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.
09:25 EDTBROBrown & Brown acquisition positive, says Stephens
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09:02 EDTALLAllstate announces capital management plans
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08:18 EDTALLAllstate likely to lose $100-$300M on tornado, says Deutsche Bank
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May 21, 2013
15:19 EDTTRVTravelers remains below its 10-day moving average, levels to watch
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14:02 EDTBROBrown & Brown and Beecher Carlson Holdings to hold joint conference call
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13:01 EDTBROBrown & Brown agrees to acquire Beecher Carlson Holdings
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08:44 EDTAIGRegulators to soon vote on non-banks, WSJ reports
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May 20, 2013
13:07 EDTAIGAIG to own 9.9% of shares in PICC Property & Casualty
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May 17, 2013
13:03 EDTALLAllstate files $3.8M medical fraud lawsuit
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08:53 EDTAIGJPMorgan's life insurance analyst holds an analyst/industry conference call
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May 16, 2013
16:22 EDTAIGForest City, AIG form strategic equity partnership for project in Dallas
Forest City Enterprises (FCE.A, FCE.B) announced that it has closed a strategic capital partnership with AIG Global Real Estate (AIG) for the development of 3700M, a 381-unit apartment project in the West Village neighborhood of Dallas. Forest City and AIG will share ownership and fund the equity requirements for the project, which began construction in December 2012 and is expected to be completed in the third quarter of 2014.
09:00 EDTALLAllstate announces April catastropohe loss estimate
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08:33 EDTALL, AIGBofA/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
17:26 EDTAIGThird Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN).
17:03 EDTAIGSoros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF).
05:59 EDTALLCorporate boards recruit newcomers with digital knowledge, WSJ reports
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May 13, 2013
10:09 EDTAIGOn The Fly: Analyst Upgrade Summary
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06:23 EDTAIGAIG upgraded to Overweight from Equal Weight at Barclays
Barclays upgraded AIG based on upside to its capital management story driven by buybacks and expanding ROE. Price target raised to $52 from $41.
May 9, 2013
07:34 EDTTRVSimon Graduate School of Business to hold a conference
2013 Simon NYC Conference is being held in New York on May 9.
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