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UAE banking sector continues to confound value seekers
Monday, June 27, 2011 - 10:05pm | 745UAE May CPI inflation rose 0.2% (1.4% annually) following five consecutive months of deflation, though as the breakdown goes, housing deflation persists (housing and related services such as utility prices constitute 39.3% of the UAE CPI basket) and thus price levels remain at the lower end of the...
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Marsh & McLennan Companies Commences Cash Tender Offers for Outstanding 5.375% Notes Due 2014 and 5.750% Notes Due 2015
Monday, June 27, 2011 - 7:48am | 135Marsh & McLennan Companies (NYSE: MMC) announced today that it has commenced cash tender offers for up to a total of $500,000,000 aggregate principal amount of its outstanding 5.375% Notes due 2014 and its 5.750% Notes due 2015. The principal amount of all Notes that may be purchased pursuant...
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Marsh & McLennan Companies Commences Cash Tender Offers for Outstanding 5.375% Notes Due 2014 and 5.750% Notes Due 2015
Monday, June 27, 2011 - 7:47am | 40Marsh & McLennan Companies (NYSE: MMC) announced today that it has commenced cash tender offers for up to a total of $500,000,000 aggregate principal amount of its outstanding 5.375% Notes due 2014 and its 5.750% Notes due 2015.
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Top 4 Mid-Cap Stocks In The Insurance Brokers Industry With The Lowest PEG Ratio
Wednesday, June 22, 2011 - 11:22pm | 122Below are the top mid-cap insurance brokers stocks on the NYSE and the NASDAQ in terms of PEG ratio Catalyst Health Solutions Inc (NASDAQ: CHSI) has a PEG ratio of 1.26. CHSI's trailing-twelve-month revenue is $4.05 billion. Willis Group Holdings (NYSE: WSH) has a PEG ratio of 1.28. WSH's...
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Top Performing Industries For June 20
Monday, June 20, 2011 - 8:58am | 163At 9:55 am, the Dow rose 0.12% to 12,018.40, the broader Standard & Poor's 500 index moved up 0.08% to 1,272.47 and the NASDAQ composite index gained 0.26% to 2,623.26. The industries that are supporting the market today are: Semiconductor- Memory Chips: This industry jumped 1.59% by 9:55 am...
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Options Brief: CNinsure Inc.
Thursday, June 16, 2011 - 12:13pm | 80Shares of CNinsure Inc. (NASDAQ: CISG) are lower on the session by 1.07%, trading at $15.71. Overall put volume is now running at 2.27x the daily average, with 78% of all puts traded being purchases on the offer. 1,022 contracts have traded on the session so far. CNinsure Inc. is an independent...
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Deutsche Bank Updates 6/16
Thursday, June 16, 2011 - 8:21am | 1197Deutsche Bank explained a number of updates in a research report published today. Deutsche Bank initiated its coverage of KKR Financial (NYSE: KFN) with a Buy rating and a price target of $12.50. In the report, Deutsche Bank states, "KKR Financial continues to give attractive returns, as it...
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Deutsche Bank Initiates Coverage On KFN, WSH
Thursday, June 16, 2011 - 5:01am | 37Deutsche Bank has initiated coverage on the following companies: KKR Financial (NYSE: KFN) Buy, $12.50 PT Willis Group (NYSE: WSH) Hold, $44 PT
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eHealth, Inc. Announces Stock Repurchase Program up to $30M
Tuesday, June 14, 2011 - 3:15pm | 101eHealth, Inc. (NASDAQ: EHTH) today announced that its Board of Directors has approved a stock repurchase program authorizing the Company to purchase up to $30 million of its common stock. Stuart Huizinga, chief financial officer of eHealth, commented, "eHealth continues to generate solid cash...
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Brown & Brown Announces the Asset Acquisition of Corporate Benefit Consultants
Tuesday, June 14, 2011 - 8:01am | 107J. Scott Penny, Regional President & Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE: BRO), and Sonia L. Kaminsky and Dr. Joseph A. "Joe" Fields, principals of Corporate Benefit Consultants, LLC, located in Durham, Connecticut, today announced that Brown & Brown of Connecticut,...
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Sterne Agee Upgrades Arthur J. Gallagher To Buy, $33 PT
Monday, June 13, 2011 - 6:33am | 28Sterne Agee has upgraded Arthur J Gallagher & Company (NYSE: AJG) from Neutral to Buy and has established a $33 price target.
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OPEC: Duel in the Desert? (Guest Post)
Saturday, June 11, 2011 - 2:07pm | 1431By Bob van der Valk As of Friday June 10, the Intercontinental Exchange (ICE) of London Brent crude oil price went up $2.38 at $119.06, while July West Texas Intermediate (WTI) crude oil gained $1.87 at $100.94 a barrel. At the conclusion of the June 8th Organization of the Petroleum Exporting...
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Soros Dumps CNinsure
Wednesday, June 8, 2011 - 3:37pm | 211George Soros sold 640,650 shares if CNinsure (NASDAQ: CISG) during the first quarter. The stock still makes up one of his largest holdings in his Quantum Fund China fund CNinsure, although this marked the time since the first quarter of 2010 that Soros was a seller and not a buyer of the stock....
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Steve Eisman Asks If U.S. Financials Are Dead Forever
Thursday, May 26, 2011 - 1:48pm | 243Steve Eisman of FrontPoint Financial Services Fund was at the Ira Sohn Conference yesterday, and he asked whether U.S. financials were dead forever. Eisman said that capital funding is no longer an issue here in the U.S., and Tier 1 capital ratios are strong. There are a number of reasons for the...
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BGB Securities Initiates Coverage On AJG, BRO
Wednesday, May 25, 2011 - 5:50am | 38BGB Securities has initiated coverage on two insurance brokers: Arthur J. Gallagher (NYSE: AJG) Buy, $33 PT Brown & Brown (NYSE: BRO) Buy, $31 PT