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Assurant to Announce 2010 Third Quarter Results
Tuesday, September 28, 2010 - 3:17pm | 118Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, will release 2010 third quarter results on Wednesday, Oct. 27, 2010, after the market closes, with the news release available on Assurant's website at www.assurant.com....
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Unconfirmed Rumor that Hartford Financial Services Group Inc. (HIG) will be acquired at $32.00 a share by Allianz
Tuesday, September 28, 2010 - 9:29am | 24Unconfirmed Rumor that Hartford Financial Services Group Inc. (HIG) will be acquired at $32.00 a share by Allianz.
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AIG Stock Rises After Government Considering Converting Preferred Stock To Common Stock
Monday, September 27, 2010 - 1:14pm | 132In a recent article by Henry Blodget with tech/ticker, the US Government are working on a way to untangle itself from American International Group (NYSE: AIG). AIG recipients of one of the all time largest taxpayer bailouts is 80% owned by the government, $49 billion in which is in the form of...
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The Wrong Long: How TPG Capital Lost $2.0 Billion at Washington Mutual
Monday, September 27, 2010 - 10:43am | 472A few weeks ago, ahead of the second anniversary of Lehman Brothers collapse, I went back into my files to reread what I'd written during 2008 to see if there were any lessons to be learned that hadn't already been tackled in the book explosion arising from the financial crisis. That led me to ask...
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AIG, U.S. Move Closer to Deal on Bailout Exit: Sources
Monday, September 27, 2010 - 8:38am | 163American International Group Inc (NYSE: AIG) and the U.S. government are moving closer to a deal on how the Treasury Department would exit its investment in the bailed-out insurer, sources familiar with the situation said on Sunday. The situation, however, is still fluid and there are many moving...
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10 Hated Stocks Loved by Value-Guru Berkowitz
Monday, September 27, 2010 - 7:53am | 484BOSTON (TheStreet) -- Bruce Berkowitz, Morningstar's U.S. stock manager of 2009, has half of his mutual fund's assets in what he calls "hated financial-services and real-estate-related companies." A value-stock disciple, Berkowitz is greedy when others are fearful. The investor runs Fairholme...
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HIG Warrants Estimated at $706M - Analyst Blog
Thursday, September 23, 2010 - 8:52pm | 599Diluting its ownership in Hartford Financial Services Group Inc. (HIG) on Wednesday, the US Treasury auctioned 52.1 million 10-year warrants at a sale price of $13.70 per warrant, thereby raising $706.3 million in the process. These warrants carried a minimum bidding price of $10.50 per warrant....
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Morgan Stanley Sees Principal Financial Group Shares Falling Soon
Thursday, September 23, 2010 - 10:59am | 175Morgan Stanley believes the share price of Principal Financial Group (NYSE: PFG) will fall in absolute terms over the next 60 days. This is because the stock has traded up recently, making short term valuation much less compelling. Given the rebound in the valuation, with the stock currently...
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Three Sectors That Have Stalled 09-22-2010
Wednesday, September 22, 2010 - 1:31pm | 849Cusick's Corner The market has pulled back into the Midday on the heels of an impressive 8-10% run up over the last 11 sessions in multiple indices. With the Fed not throwing in any surprises like QE, the market has now stalled in 3 offensive sectors -- Finance (XLF), Energy (XLE), and Housing (XHB...
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Lobbying Charges Shrink for MetLife - Analyst Blog
Tuesday, September 21, 2010 - 5:33pm | 612MetLife Inc. (MET) has reported that it spent $1.40 million during the second quarter 2010 to address concerns related to financial regulations and other issues. The lobbying charges have plummeted for MetLife from $1.74 million in the year-ago quarter and $1.61 million during the first quarter of...
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Zacks.com featured expert Kevin Matras highlights: A. O. Smith Corporation, The Cato Corporation, Horace Mann Educators Corporation, PPG Industries, Inc. and Rockwood Holdings, Inc. - Press Releases
Tuesday, September 21, 2010 - 12:33pm | 1221Chicago, IL – September 21, 2010 - Stocks in this week's article include A. O. Smith Corp. (NYSE: AOS), The Cato Corp. (NYSE: CATO), Horace Mann Educators Corp. (NYSE: HMN), PPG Industries, Inc. (NYSE: PPG) and Rockwood Holdings, Inc. (NYSE: ROC). Kevin Matras talks about stocks making new highs...
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Taiwanese Firm Would Bid Again For AIG Unit
Tuesday, September 21, 2010 - 2:48am | 136Taiwan's Chinatrust Financial said it would again bid for American International Group's (NYSE: AIG) Nan Shan Life unit if the U.S. insurance giant puts it back on the market. Chinatrust, Taiwan's top credit card issuer, tried and failed to acquire Nan Shan last year. Chinatrust's comments came...
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Assurant Solutions Delivers Protection Plans for PlayStation
Monday, September 20, 2010 - 8:38am | 125Assurant Solutions (NYSE: AIZ) today announced that it is underwriting and managing risk and compliance for the PlayStation® Protection Plan offered by Sony Computer Entertainment America LLC. The extended service program gives owners of the PlayStation®3 (PS3™) and PSP® systems the option to...
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The Flaw In AIG's Escape Plan
Wednesday, September 15, 2010 - 11:05am | 120American International Group Inc. (NYSE: AIG) didn't think its plan to escape from Uncle Sam's clutches all the way through. According to the Wall Street Journal, ” … the Treasury Department is likely to convert $49 billion in AIG preferred shares it holds into common shares, a move that could...
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Zings Of The Day (MSFT, AIG, GMCR, )
Tuesday, September 14, 2010 - 3:00pm | 196Green Mountain (NASDAQ: GMCR) announced it was buying Van Houtte, the maker of the popular Keurig coffee machines. Now when I spit out my coffee reading the Wall Street Journal every morning after some ridiculous story, I can make sure I'm spitting out the Green Mountain coffee from my Green...