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Stock Market & Financial Investment News

News Breaks
November 15, 2012
09:13 EDTALLAllstate provides update on pending October catastrophe loss estimate
The Allstate Corporation announced that estimated catastrophe losses for the month of October will exceed $150M, but an estimate cannot be made at this time. The company's practice is to release an estimate of monthly catastrophe losses on the third Thursday following month-end when the amount exceeds $150M. Allstate will issue a catastrophe loss estimate for October when losses from Sandy can be estimated.
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September 18, 2014
06:20 EDTALLMarchex cuts 2014 call-driven revenue outlook due to revised Allstate commitment
Allstate (ALL) has indicated its desire to move to a fixed fee model going forward. Under this proposed model, Marchex’s (MCHX) economic upside would have been limited, while financial exposure to Marchex would have remained. Marchex does not believe it is in its best long-term interest to work under such an arrangement. Marchex will continue to work with Allstate as an integration partner utilizing its call analytics technology. Marchex expects this will be a relatively small financial contributor. Marchex CEO Russell Horowitz said, "“This outcome is disappointing, as we believe that a performance-based model is the way most companies are progressing. This is the trend we are seeing with our customer base... Beyond Allstate, we continue to experience growth in our customer base for call-driven advertising products and believe we are early in the customer adoption phase of mobile and call-driven advertising."
September 14, 2014
13:38 EDTALLAllstate shares still look like a bargain, Barron's says
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September 8, 2014
07:24 EDTALLBarclays to hold a conference
Global Financial Services Conference to be held in New York on September 8-10.

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