Multi-line Insurance

Michael Block, a Chief Equities Strategist of Phoenix Partners, is a seller of the companies that posted weak earnings results. He thinks that the market is going back to the bottom of the range, and he expects that S&P 500 will test 1,010 points. Cisco Systems, Inc. (NASDAQ: CSCO) is one of...

Criticizing the structure of the U.S. Treasury’s $700 billion Troubled Asset Relief Program (TARP) that was created to rescue the nation’s financial industry, the Congressional Oversight Panel said in a report on Thursday that the foreign companies got greater benefit from the U.S. bailout program...

In an attempt to raise capital for the pending ALICO acquisition, MetLife Inc. (MET) announced earlier this month the closure of its open market stock offering worth $3.6 billion. In addition, the company also sealed the public offering of its senior debts worth $3.0 billion. While the common...

Pre-open movers The US stock futures index dipped today following a sell-off in the previous session that erased most of the gains of the year. While futures on the Dow Jones Industrial Average fell by 82.00 points to 10,255, those on the Nasdaq 100 lost 22.75 points to 1,815. Meanwhile, S&P...

For Immediate Release Chicago, IL – August 12, 2010 – Zacks.com Analyst Blog features: Goldman Sachs Group Inc. (GS), American International Group Inc. (AIG), Wendy’s/Arby’s Group, Inc. (WEN) McDonald’s Corp. (MCD) and Burger King Holdings Inc. (BKC ). Here are highlights from Wednesday’s Analyst...

The US stock futures index dipped today following a sell-off in the previous session that erased most of the gains of the year. While futures on the Dow Jones Industrial Average fell by 78.00 points to 10,259, those on the Nasdaq 100 lost 22.75 points to 1,815. Meanwhile, S&P 500 futures...

American International Group Inc (NYSE: AIG) has started talks with potential investors to sell stakes in its Asian life insurance business AIA ahead of AIA's planned IPO, sources with direct knowledge of the matter said. Several financial investors, including Temasek Holdings, China Investment...

Goldman Sachs Group Inc. (GS) has revealed that 25% to 35% of its total revenue is gained from derivatives businesses, according to a report in The Wall Street Journal. The disclosure came in response to a request by the Financial Crisis Inquiry Commission (FCIC) related to its probe into the...

• National Securities initiated coverage of NeoStem (NYSE: NBS) with a "buy" rating and a $3 price target • WD-40 (NASDAQ: WDFC) offered upside fiscal 2010 guidance for fully diluted share earnings matching or topping prior guidance $2.05-$2.14 • Macy's (NYSE: M) beat estimates with second quarter...

For Immediate Release Chicago, IL – August 09, 2010 – Zacks.com Analyst Blog features: American International Group Inc. (AIG), Consolidated Edison Inc. (ED), Activision Blizzard Inc. (ATVI) Microsoft Corp. (MSFT) and Sony Corp. (SNE ). Here are highlights from Friday’s Analyst Blog: AIG Surpasses...

There is talk out on Wall Street today that German insurance company Allianz is looking to bid for Hartford Insurance Company (NYSE: HIG). The talk is that a takeover could occur in the mid 30’s for Hartford shares. This talk is unconfirmed. Shares of Hartford Financial Services are up 8 cents to...

Cusick’s Corner Market participants continue to worry – the latest jobs data was disappointing, the private sector added fewer jobs than expected. The Labor Department’s unemployment number actually came in at 9.5% which is the same as last month’s, but that’s because some discouraged job seekers...

AIG (NYSE: AIG) is one of the few financial stocks that have gained in early trade. The company has reported better-than-anticipated results for the second quarter and commented that it has initiated talks to exit from government aid. "We have commenced discussions with the U.S. government on the...