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Stock Market & Financial Investment News

News Breaks
April 21, 2014
10:03 EDTALLAllstate announces favorable $3.8M fraud judgement
Allstate announced that based on a six-week jury trial, the United States District Court for the Northern District of Texas has entered a $3.8M judgment in favor of Allstate Insurance Company. The jury found that Michael Kent Plambeck, D.C., Jennifer Giessner, Douglas Friedman, Randal Toca, and other persons and entities engaged in a pattern of racketeering activity in violation of the Federal Racketeering Influenced and Corrupt Organizations Act and the Ohio Corrupt Practices Act, the company said.
News For ALL From The Last 14 Days
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March 26, 2015
10:18 EDTALLHigh option volume stocks
High option volume stocks: BTX ALL FIVE SGYP SWFT RHT IDCC NVS WGO XBI
March 20, 2015
10:09 EDTALLAllstate enters accelerated share repurchase agreement with Goldman Sachs
Allstate (ALL) said in a filing that on March 19, the Registrant entered into an accelerated share repurchase agreement with Goldman, Sachs & Co. (GS), 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 Goldman will purchase the shares that it delivers under the agreement in the market within a timeframe not to exceed three months. The final purchase price per share and number of shares to be delivered by Goldman 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 Goldman 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 program totaling $3B that was announced on February 4, 2015. All of the shares acquired by the Registrant under the agreement will be placed into its treasury.
07:46 EDTALLAllstate, AIG, others questioned by regulator over pricing method, WSJ says
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March 19, 2015
09:11 EDTALLAllstate reports Februay catastrophe loss estimate $223M pre-tax
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