Market News

American Express (AXP)

American Express Business Travel, has been named the “World’s Leading Business Travel Agency” by World Travel Awards.
With more than 180,000 travel professionals and key suppliers casting votes, the award recognizes American Express Business Travel for service excellence and the commitment to achieving best-in-class travel and expense management.

Nov 14 · 3:44:00 PM · Source: Business Wire
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by Michael Oliveto

Bank of New York Mellon (BK)

Bank of New York Mellon CEO Bob Kelly told the bank's senior managers he is not interested in the top job at Bank of America Corp, defusing speculation that he would leave his current post.
"I want to be clear: I am not interested," Kelly wrote.

Nov 12 · 4:42:00 PM · Source: Reuters
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by Michael Oliveto

Allstate (ALL)

The Allstate Corporation announced a quarterly dividend of $0.20 on each outstanding share of the Company's common stock, payable in cash on January 5, 2010 to stockholders of record at the close of business on November 30, 2009.

Nov 12 · 2:50:00 PM · Source: Reuters
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by Michael Oliveto

New England Bancshares Inc. (NEBS)

New England Bancshares, Inc. today announced the company’s Board of Directors declared a cash dividend for the quarter ended September 30, 2009 of $0.02 per share. The cash dividend will be payable on December 14, 2009 to stockholders of record on November 25, 2009.

Nov 10 · 12:07:00 PM · Source: Company News Release
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by Larry Etter

GAMCO Investors (GBL)

GAMCO Investors, Inc. Friday announced third quarter 2009 earnings of $0.53 per fully diluted share versus $0.43 per fully diluted share in the third quarter 2008. Net income was $14.7 million in the third quarter 2009 compared to $12.0 million in the third quarter. Revenues were down 18.1 percent to $51.582 million from $62.980 million.

Nov 6 · 5:39:00 PM · Source: Company News
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by Larry Etter

AIG (AIG)

AIG said Friday its net income rose to $455 million, or 68 cents per share, an improvement over the $24.5 billion loss from a year earlier. Results included a one-time net charge of $1.5 billion for capital losses and hedging. Sales for the New York-based company rose 189% to $26 billion, topping analysts' forecasts of $23 billion.
The troubled insurer said it continues to benefit from stabilization in the housing and credit markets, but future quarters will continue to be volatile.

Nov 6 · 5:28:00 PM · Source: Company News
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by Larry Etter

Allstate (ALL)

Allstate reported Q3 earnings of $0.41 per share on net income of $221 million versus a loss of $1.70 per share on a net loss of $923 million in the year ago period.
“Allstate delivered strong operating income of $538 million and increased book value per share by 16% during the third quarter, thanks to our operating discipline and proactive approach to investing,” said Thomas J. Wilson, chairman, president and CEO of The Allstate Corporation. “For the third quarter in a row, customer loyalty increased and we delivered a double-digit percentage increase in new standard auto business. By focusing on the customer and maintaining our financial strength, we are building a foundation for sustainable growth.”

Nov 5 · 3:26:00 PM · Source: Company News Release
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by Michael Oliveto

Ambac Financial Group Inc. (ABK)

ABK Financial Group said its third-quarter net income came in at $2.19 billion, or $7.58 a share, versus a net loss of $2.43 billion, or $8.45 a share, a year earlier,

Nov 4 · 1:06:00 PM
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by Larry Etter

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