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Allstate Plans to Allow Special Shareholder Meeting
Tuesday, November 9, 2010 - 4:22pm | 56The Allstate Corporation (NYSE: ALL) board of directors today announced plans to grant the right to call a special meeting to shareholders who hold at least 20% of the company's outstanding common stock. Resulting amendments to the company's certificate of incorporation will require shareholder...
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Bearish MACD for ORI - Tale of the Tape
Tuesday, November 9, 2010 - 12:42pm | 118Old Republic International Corporation 's (ORI) MACD indicator has moved into bearish territory with a reading of -0.1719. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $12.89 in morning trade. The Zacks Consensus Estimate on the company's earnings for the year ending 2010 has...
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Ambac Financial Group Trading Halted, News Pending
Tuesday, November 9, 2010 - 10:24am | 18Ambac Financial Group, Inc. (NYSE: ABK) trading halted, news pending.
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Hana Bioscience: Poised To Deliver Shareholder Value - Analyst Blog
Tuesday, November 9, 2010 - 8:33am | 1788Written by Grant Zeng, CFA Hana Biosciences Inc. ( HNAB ) A decent pipeline with late stage candidates... South San Francisco, CA based Hana Biosciences, Inc. (Hana) is a late development stage biopharmaceutical company which is focused on two cancer care areas: cancer therapeutics and...
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Citi Reiterating Buy On XL Group (XL)
Tuesday, November 9, 2010 - 8:28am | 134Citi Investment Research is reiterating its Buy rating and $25 price target on XL Group plc (NYSE: XL) after it reported earnings. In a research report sent to clients, Citi writes, "Key drivers were CAT losses higher than consensus expectations partially offset by higher than forecasted releases....
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Citi Maintains Hold On Axis Capital (AXS)
Tuesday, November 9, 2010 - 7:57am | 102Citi Investment Research is maintaining its Hold rating and $36 price target on Axis Capital Holdings Limited (NYSE: AXS). In a research report sent to investors, Citi writes, "The key driver for the beat was better than expected Combined Ratio and higher investment income, partially offset by an $...
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Earnings Scheduled For November 9 (ROK, TYC, COV, DF, WTW, SRE, IGT, MBI, MMC)
Tuesday, November 9, 2010 - 4:38am | 228Rockwell Automation Inc (NYSE: ROK) is expected to report its FQ4 profit at $0.91 per share on $1.32 billion in revenue. Tyco (NYSE: TYC) is forecast to report its FQ4 EPS at $0.66 on $4.44 billion in revenue. Covidien (NYSE: COV) may post its FQ4 EPS at $0.74 on revenue of $2.64 billion. Dean...
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Short-Term Support in Greenback 11-08-2010
Monday, November 8, 2010 - 8:47pm | 858Cusick's Corner The market got a well deserved weekend after last week's unbelievable amount of data. The market now is digesting some new concerns about potential sovereign debt issues arising again in the EU. Yes, this is a broken record but it has bolstered some short-term support in the...
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Ambac Financial Filing For Bankruptcy (ABK)
Monday, November 8, 2010 - 4:58pm | 75Ambac Financial Group, Inc. (NYSE: ABK) is going to file for bankruptcy, according to a report from ZeroHedge. The company, which no longer has active operations, was in the bond insurance business and came to a halt at the beginning of the financial crisis in 2008. The last trade for the stock was...
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Amerisafe Results Pretty Unsafe - Analyst Blog
Monday, November 8, 2010 - 2:33pm | 678Amerisafe Inc.'s (AMSF) third quarter operating earnings per share of 26 cents came in substantially behind the Zacks Consensus Estimate of 46 cents and 64 cents in the prior-year quarter. Operating income declined 62.6% year over year to $4.9 million. Including net realized losses of $0.6...
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Zacks #5 Rank Additions for Monday - Tale of the Tape
Monday, November 8, 2010 - 9:33am | 338Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Amdocs Ltd (DOX) Employers Holdings Inc (EIG) Energy Recovery Inc (ERII) EQT Corp (EQT) Exactech Inc (EXAC) View the entire Zacks #5 Rank List. AMDOCS LTD (DOX): Free Stock Analysis Report EMPLOYERS HLDGS (EIG): Free Stock...
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KBW Lowers Price Target On First Mercury Financial After Acquisition
Monday, November 8, 2010 - 8:42am | 82Following First Mercury Financial's (NYSE: FMR) 3Q10 operating loss on weaker-than-expected underwriting results and commissions and fee income, KBW is lowering '10 and '11 EPS estimates. With the announced acquisition of FMR by Fairfax Financial, KBW is raising FMR's target price to $16.50 and...
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Employers Holdings Reports 3Q Miss
Monday, November 8, 2010 - 7:55am | 88Keefe Bruyette & Woods has published a research report on Employers Holdings, Inc. (NYSE: EIG) following a reported miss in the company's 3Q results. In the research report, KBW writes "The miss was driven by weaker underwriting results due to a lack of favorable reserve development. Excluding...
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KBW Raised Price Target On Assured Guaranty
Monday, November 8, 2010 - 7:50am | 70Keefe Bruyette & Woods has published a research report on Assured Guaranty Ltd. (NYSE: AGO) following solid 3Q earnings results. In the report, KBW writes "Following third quarter earnings results, we are raising our full-year 2010 operating EPS estimate to $3.08 from $2.83 and lowering 2011 to...
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Markel Corporation Reports Higher Beat In 3Q
Monday, November 8, 2010 - 7:44am | 103Keefe Bruyette & Woods has published a research report on Markel Corporation (NYSE: MKL) following the company's report of 3Q earnings results. In the report, KBW writes "This beat came almost entirely on higher favorable development, which equated to nearly $7.50 a share. The CR of 93.4%...