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XL Group Buyout Chatter
Monday, October 25, 2010 - 9:47am | 36XL Group plc (NYSE: XL) chatter Munich Re looking to buy XL, unconfirmed. The chatter said it was in the $30's range. XL is trading up close to 2%.
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Merger Arbitrage Mondays – October 25, 2010
Monday, October 25, 2010 - 4:33am | 4808Merger activity remained steady last week with six new deals announced and four closing. Deal Statistics: Total Number of Deals Closed in 2010 92 Total Number of Deals That Did Not Complete in 2010 6 Total Number of Pending Deals Cash Deals 55 Stock Deals 14 Stock & Cash Deals 13...
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Chubb Chugs Past Estimates - Analyst Blog
Friday, October 22, 2010 - 1:33pm | 695The Chubb Corp.'s (CB) third quarter operating earnings of $1.69 per share beat the Zacks Consensus Estimate of $1.40. Results also compared favorably with $1.56 in the prior year quarter. Earnings were primarily helped by a lower base, due to aggressive share repurchases by the company, which...
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American Physicians Capital, Inc. Announces Completion of Merger
Friday, October 22, 2010 - 12:51pm | 101American Physicians Capital, Inc. (APCapital) (NASDAQ: ACAP), a major provider of health care liability insurance, today announced the completion of the merger pursuant to which APCapital became a wholly owned subsidiary of The Doctors Company, the largest national insurer of physician and surgeon...
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News Summary
Friday, October 22, 2010 - 9:35am | 153The Progressive Corp (NYSE: PGR) has announced its plans to pay a special cash dividend of $1 per share on December 29 to the shareholders, as of record on December 20. Progressive said, "We are pleased to return approximately $660 million to our shareholders through this special dividend." PGR...
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Stock Market News for October 22, 2010 - Market News
Friday, October 22, 2010 - 9:33am | 599Equities staged a modest advance as investors weighed another batch of strong earnings reports and a stronger dollar. Investors' confidence also got a boost after Caterpillar and eBay raised their earnings forecasts and McDonald's came out with better-than-estimated earnings. Stocks had rallied in...
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Progressive Announces Cash Dividend of $1.00
Friday, October 22, 2010 - 8:47am | 43The Progressive Corporation (NYSE: PGR) today announced that its Board of Directors has declared an extraordinary cash dividend of $1.00 per Common Share, payable December 29, 2010 to shareholders of record at the close of business on December 20, 2010.
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Chubb Beats Estimates - Analyst Blog
Thursday, October 21, 2010 - 7:33pm | 633With reported earnings per share of $1.80 for the third quarter 2010, The Chubb Corporation (CB) is way ahead of the Zacks Consensus estimates of $1.40 per share. Not only did Chubb beat the estimates but also reported a strong quarter with 27.7% sequential and 6.5% year-over-year EPS increase...
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Chubb CEO John Finnegan Announces Management Changes to Follow COO John Degnan's Retirement
Thursday, October 21, 2010 - 4:25pm | 162In anticipation of the previously announced retirement of Chief Operating Officer John J. Degnan on December 31, 2010, John D. Finnegan, Chairman, President and Chief Executive Officer of The Chubb Corporation (NYSE: CB), today announced the following management appointments, effective January 1,...
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The Chubb Corporation Posts Strong EPS Number (CB)
Thursday, October 21, 2010 - 4:11pm | 210The Chubb Corporation (NYSE: CB) reports Q3 earnings of $1.80 versus consensus of $1.39. The Chubb Corporation reports revenues of $2.70 billion versus consensus of $2.71 billion. During the third quarter, Chubb repurchased 10.2 million shares of its common stock at a total cost of $555 million (an...
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Chubb Reports Third Quarter Net Income per Share of $1.80
Thursday, October 21, 2010 - 4:05pm | 91The Chubb Corporation (NYSE: CB) today reported that net income in the third quarter of 2010 was $572 million or $1.80 per share, compared to $596 million or $1.69 per share in the third quarter of 2009. Average diluted shares outstanding for the third quarter were 317.3 million in 2010 and 353.5...
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Travelers Beats, Raises Outlook - Analyst Blog
Thursday, October 21, 2010 - 12:33pm | 841Operating earnings of The Travelers Companies (TRV) for the third quarter of 2010 were $1.81 per share, surpassing the Zacks Consensus estimate of $1.44 by 37 cents. Results compare favorably with operating earnings of $1.61 in the prior-year quarter. Operating income was $858 million, down 6.1%...
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Company News for October 21, 2010 - Corporate Summary
Thursday, October 21, 2010 - 10:03am | 662• AT&T (NYSE: T) reported in-line third quarter earnings of $0.55 on slightly better-than-expected revenues that advanced 2.8% to $31.58 billion • UPS (NYSE: UPS) reported third quarter earnings a nickel above estimates at $0.93 on revenues up 9.3%, but below Zacks estimates of at $12.38...
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Futures Rise on Big Earnings Day
Thursday, October 21, 2010 - 7:41am | 204Stock futures pointed to a second day of positive gains for Wall Street as investors prepared for another big round of earnings, including results from Caterpillar, McDonald's and AT&T. As of 6:45 a.m. in New York, the Dow Jones Industrial Average futures rose 37 points, or 0.33%, to 11100,...
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Earnings Scheduled For October 21 (MCD, CAT, T, LLY, CS, UAL, BAX, NVS, UNP, UPS, BBT, PM, RAI, CTXS, SNDK, JBLU, AXP, TRV, LUV, AMZN, STI, HSY, XRX, CB)
Thursday, October 21, 2010 - 4:27am | 616McDonald's (NYSE: MCD) is likely to post its Q3 EPS at $1.25 on $6.23 billion in revenue. Caterpillar (NYSE: CAT) is expected to post its Q3 profit at $1.09 per share on $10.48 billion in revenue. AT&T (NYSE: T) is projected to report its EPS at $0.55 in the third quarter on revenue of $31.25...