Apollo Global Management (APO) Looks for a New Buyout Fund Worth $12 Billion
Apollo Global Management LLC (NYSE:APO), the private-equity company operated by Leon Black, intends to look for $10 billion to $12 billion for a fresh buyout fund, as per reported by two people closely...
View ArticleProgressive (NYSE:PGR) Outshines Wall Street Forecasts; Marks Biggest Boost...
The Progressive Corporation (NYSE:PGR) on Wednesday marked the major boost in the 81- company Standard & Poor’s 500 Financials Index after profit moved up and underwriting results improved....
View ArticleWells Fargo & Co (WFC) 2Q Profit Surges on Escalated Mortgage Income – WFC,...
Wells Fargo & Co.’s (NYSE:WFC)announced on Friday that its third-quarter profit moved up 22% as the nation’s fourth-biggest bank by assets witnessed increase in revenue and mortgage income, while...
View ArticleProgressive’s (NYSE:PGR) Board Awards Special Dividend of $1 Per Common Share...
The Progressive Corporation (NYSE:PGR) reported on Friday that its Board of Directors has awarded a special cash dividend of $1.00 a Common Share, payable November 29, 2012 to investors of record at...
View ArticleAllstate (NYSE:ALL) Third Quarter Profit Outshines Wall Street Forecasts
The Northbrook, Illinois-based The Allstate Corporation (NYSE:ALL) reported that profit in the third-quarter quadrupled on lowered disaster claims in the quarter before Hurricane Sandy lashed the East...
View ArticleAmerican International Group Inc. (NYSE:AIG) Ok’s Selling Remaining Stake to...
American International Group Inc. (NYSE:AIG) would sell its interest in Asian life insurer AIA Group Ltd. , generating almost US$6.5 billion in what could be the second-biggest selling contract in Asia...
View ArticleAllstate (NYSE:ALL) Board Approves Plan to Buyback of Almost $1 Billion –...
The Northbrook, Illinois based Allstate Corporation (NYSE:ALL), the nation’s biggest publicly held personal lines insurer, reported on Monday that its board of directors decided a scheme to repurchase...
View ArticleDeutsche Bank (NYSE:DB) Co-CEO JuergenFitschen Favors Pan-European Banks –...
Co-chief executive officer of Deutsche Bank AG (USA) (NYSE:DB) JuergenFitschen reported in an interview to German daily Boersen-Zeitung published on Tuesday that the creation of pan-European banks is...
View ArticleFinancial Sector Roundup: JPMorgan Chase (NYSE:JPM), Progressive (NYSE:PGR)...
Investors responded positively to the financial stocks on Wednesday. Key movement were monitored in MetroCorp Bancshares, Inc (NASDAQ:MCBI) and Nomura Holdings, Inc (ADR) (NYSE:NMR) on percentage...
View ArticleFinancial Sector Snapshot: Moody’s (NYSE:MCO), Arch Capital (NASDAQ:ACGL) –...
Financial sector responded positively on Monday’s trading session and sector moved up +0.64%. If we consider key movers of this sector so First Security Group Inc (NASDAQ:FSGI) and Security National...
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