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AIG to Sell Its Blackstone Stake? - Analyst Blog
Monday, January 3, 2011 - 3:30pm | 982In an attempt to repay the government bailout, American International Group Inc. (AIG) is planning to dispose its $510 million stake in The Blackstone Group (BX). According to the SEC filing, AIG had acquired 7% stake in Blackstone by investing $150 million in July 1998. In addition, during the...
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Allstate Sues BofA on MBS Purchase (revised) - Analyst Blog
Monday, January 3, 2011 - 3:30pm | 596On Monday, Allstate Corp. (ALL) filed a federal complaint against the mortgage giant, Countrywide Financial Corp., and 17 other defendants, alleging that the latter have sold $700 million of toxic investments in lieu of safe investments to Allstate in 2005, which later experienced a drastic price...
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Allstate Sues BofA on MBS Purchase (revised) - Analyst Blog
Monday, January 3, 2011 - 2:59pm | 596On Monday, Allstate Corp. (ALL) filed a federal complaint against the mortgage giant, Countrywide Financial Corp., and 17 other defendants, alleging that the latter have sold $700 million of toxic investments in lieu of safe investments to Allstate in 2005, which later experienced a drastic price...
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AIG to Sell Its Blackstone Stake? - Analyst Blog
Monday, January 3, 2011 - 2:53pm | 982In an attempt to repay the government bailout, American International Group Inc. (AIG) is planning to dispose its $510 million stake in The Blackstone Group (BX). According to the SEC filing, AIG had acquired 7% stake in Blackstone by investing $150 million in July 1998. In addition, during the...
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Carter Worth's Trading Picks For 2011 (AFL, T, C, DIS, FDX)
Monday, January 3, 2011 - 11:52am | 95Oppenheimer's Carter Worth has his first research report for 2011, and in it, Worth gives some trading picks. Among the companies he picked are Aflac (NYSE: AFL), AT&T (NYSE: T), Citigroup (NYSE: C), Walt Disney (NYSE: DIS), FedEx (NYSE: FDX) among others. Worth is a technical analyst at...
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PartnerRe Approves New Buyback - Analyst Blog
Monday, January 3, 2011 - 10:06am | 462The board of directors of PartnerRe Ltd. (PRE) authorized the company to buy back up to 7 million of its common shares in an effort to bolster the value for shareholders. The new authorization replaces the previous authorization of 7 million common shares approved by the board in September 2010...
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PartnerRe Approves New Buyback - Analyst Blog
Monday, January 3, 2011 - 9:30am | 462The board of directors of PartnerRe Ltd. (PRE) authorized the company to buy back up to 7 million of its common shares in an effort to bolster the value for shareholders. The new authorization replaces the previous authorization of 7 million common shares approved by the board in September 2010...
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Allstate Sues BofA on MBS Purchase - Analyst Blog
Thursday, December 30, 2010 - 4:33pm | 592On Monday, Allstate Corp. (ALL) filed a federal complaint against the mortgage giant, Countrywide Financial Corp., and 17 other defendants, alleging that the latter have sold $700 million of toxic investments in lieu of safe investments to Allstate in 2005, which later experienced a drastic price...
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Allstate Sues BofA on MBS Purchase - Analyst Blog
Thursday, December 30, 2010 - 4:08pm | 592On Monday, Allstate Corp. (ALL) filed a federal complaint against the mortgage giant, Countrywide Financial Corp., and 17 other defendants, alleging that the latter have sold $700 million of toxic investments in lieu of safe investments to Allstate in 2005, which later experienced a drastic price...
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AIG Settles $146M Lawsuit - Analyst Blog
Wednesday, December 29, 2010 - 2:33pm | 731Recently, American International Group Inc. (AIG) negotiated with the insurance regulators and settled a multi-state workers compensation probe for $146.5 million. This comprises about $100 million in fines and other penalties to resolve claims and about $46.5 million in additional taxes and...
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AIG Settles $146M Lawsuit - Analyst Blog
Wednesday, December 29, 2010 - 2:00pm | 731Recently, American International Group Inc. (AIG) negotiated with the insurance regulators and settled a multi-state workers compensation probe for $146.5 million. This comprises about $100 million in fines and other penalties to resolve claims and about $46.5 million in additional taxes and...
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Top M&A Deals Of 2010
Wednesday, December 29, 2010 - 10:34am | 327The Wall Street Journal has published a list of what it considers to be the five most important M&A deals of 2010. Hewlett-Packard (NYSE: HPQ) and 3Par are the first on the list. Hewlett-Packard acquired 3Par for $2.1 billion after battling with Dell (NASDAQ: DELL) to take ownership of the...
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Independence Holding Company Announces Semi-Annual Cash Dividend of $0.025
Tuesday, December 28, 2010 - 11:12am | 40Independence Holding Company (NYSE: IHC) today reported declaration of a semi-annual cash dividend of $0.025 per share of common stock, payable to stockholders of record on January 6, 2011, with a payment date of January 20, 2011.
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Benzinga's Top ETF Decliners (DRV, TMV, FAZ, CZM)
Monday, December 27, 2010 - 6:46pm | 219Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) dropped 3.55% on Monday, as Kimco Realty Corporation (NYSE: KIM) jumped 2.42%, and Simon Property Group, Inc (NYSE: SPG) added 1.75%. Direxion Daily 30-Year Treasury Bear 3X Shares (NYSE: TMV) lost 3.06%, and closed at $44.40. TMV had a volume of...
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A.M. Best Upgrades CNO Financial - Analyst Blog
Thursday, December 23, 2010 - 12:03pm | 709The rating agency A.M. Best Co. has upgraded the issuer credit ratings (“ICR”) and the existing senior debt rating for CNO Financial Group, Inc. (CNO), along with the financial strength rating (“FSR”) and ICR for CNO Financial's operating subsidiaries - Bankers Life and Casualty Company, Bankers...