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Stock Market & Financial Investment News

News Breaks
May 16, 2014
07:00 EDTSTCStewart elects Thomas Appel as chairman
Stewart Information Services announced the election of Glenn C. Christenson, Managing Director of Velstand Investments, LLC, and Arnaud Ajdler, Managing Partner of Engine Capital LP, to the Stewart Board of Directors. In addition, current board member Thomas G. Apel has been elected Chairman of the Board, and Paul W. Hobby has transitioned to Advisory Director. Christenson and Ajdler will replace previous board members Dr. E. Douglas Hodo, former Chairman of the Board, and Catherine Allen.
News For STC From The Last 14 Days
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April 23, 2015
07:20 EDTSTCStewart: We are mindful of general economic volatility
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07:19 EDTSTCStewart achieved excess of $17M of annualized savings at quarter-end
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07:18 EDTSTCStewart reports Q1 EPS (52c), may not compare to consensus 9c
Reports Q1 revenue $448.9M, consensus $472.08M. Included in the Q1 results is approximately $7.3M of aggregate costs recorded primarily in the corporate segment related to the previously announced shareholder settlement and our ongoing cost management program. As a result of recent events, the first quarter 2015 also includes $11.8M of reserve strengthening charges related to large losses on prior year title policies whereas first quarter 2014 had no additional reserve strengthening charge.

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