Tag Archive
Pirates Haunt Europe – US-FOREX.US
Piracy is believed to have started in Europe, and it appears it has returned to its birthplace following the disappearance of a Russian-crewed cargo in Swedish waters as speculation of its whereabouts grew on Wednesday. Very little is known about the incident except that the ship, bound for Algeria, set off from Finland on July… »
Pick-Me-Up For ING – US-FOREX.US
ING Group got pummeled in the market on Wednesday as soon as it released its second-quarter results. Not surprising, since the Dutch insurance giant had missed big on net profit expectations and posted a surprise loss at its banking division. But ING, whose fortunes are intertwined with those of both of the real economy and… »
AIG Shares On Giddy Tear – US-FOREX.US
Shares of American International Group closed Friday trading in New York at more than double their price of a week earlier. Investors had been expecting the insurer that was only saved from collapse last year by 180 billion in federal bailout funds, to report Friday its first profit since the third quarter of 2007. AIG… »
Stock Rally Boosts Insurers Earnings – US-FOREX.US
Few industries benefit from rising stock and bond markets like insurance. Firms take in premiums from customers and pay most of that out as claims eventually. But until your home burns down, or your car gets sideswiped, the insurance company invests that money to earn a profit and most of it goes into stocks and… »
AIG Declares Quarterly Profit – US-FOREX.US
American International Group, the insurer that, on the brink of collapse, in 2008 received 180 billion in federal bailout funds, has reported its first profit since the third quarter of 2007. Second quarter net earnings were 1.8 billion, or 2.30 a share, against a net loss of 5.4 billion, or 41.13 a share in the… »
ING Sale Marks Bid For Freedom – US-FOREX.US
Keen to escape from the clutches of the Dutch government, insurer ING Group seems be trying to offload one of its only sellable businesses at the moment: its private banking arm. The bank which received a 10 billion euro capital injection from the Dutch government last October, has pledged since the summer to sell up… »
Allstate In Recovery – US-FOREX.US
They say that the rising tide of a bull market lifts all ships. If an analysis out Friday from FBR Capital Markets is correct, insurance giant Allstate is a lot more buoyant than investors thought.Higher stock prices off the March lows and higher bond prices across the board from Treasuries to high-yield have strengthened Allstate… »