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Diversified Financials Diversified Financial Services

  • Congress, pushed by President-elect Donald Trump, is moving quickly to repeal the Affordable Care Act, popularly known as Obamacare. The company, which sells employer-based insurance as well as Medicare and Medicaid, has said it will pull out of Obamacare individual exchanges in 2017 because it was losing money. Shares in UnitedHealth, up nearly 14 percent...

  • The company, which sells employer-based insurance as well as Medicare and Medicaid, has said it will pull out of Obamacare individual exchanges as it is unable to make money on the plans. UnitedHealth said on Tuesday revenue in its Optum business, which manages drug benefits and offers healthcare data analytics services, rose 1.2 percent to $22.17 billion in...

  • Jan 12- Florida's insurance commissioner is allowing MetLife Inc and Unum Group boost long-term care premiums, alleviating financial stress the insurers have been facing from rising medical costs and policyholders living longer. MetLife's Florida subdivisions can increase average monthly premiums by $4 to $44 over the next three years, while two Unum...

  • Jan 12- Florida's insurance commissioner is allowing MetLife Inc and Unum Group to boost long-term care premiums, alleviating some financial stress the insurers have been facing from rising medical costs and policyholders living longer. MetLife's Florida subdivisions can increase average monthly premiums by $4 to $44 over the next three years, while two...

  • With global bond yields spiking since Trump's win, analysts at Deutsche Bank have detailed the European companies that are set to benefit.

  • MILAN/ London, Dec 6 (Reuters)- European shares rose on Tuesday for a second day with banking stocks surging to an 11- month high as investors dipped back into a beaten-down sector following Italy's constitutional referendum on the weekend. The rally was led by Italian banks, which climbed 9 percent, their biggest one-day since July, on short covering before a...

  • Dec 5- Liberty Mutual Holding Co Inc will buy Ironshore Inc, a U.S. insurer whose previous acquisition by China's Fosun International Ltd had attracted scrutiny by a U.S. national security panel, for around $3 billion. The deal, announced on Monday by Liberty Mutual, means that Fosun's $2.3 billion, two-step acquisition of Ironshore in 2005 no longer has to clear a...

  • LONDON, Dec 2- Emerging equities fell more than 1 percent on Friday and currencies weakened after strong U.S. data raised the spectre of faster U.S. Federal Reserve rate rises, while South African markets were jittery before a sovereign debt ratings review. "The risk is that a strong print in the payrolls may firm the hand of the Fed," said Cristian Maggio, head of...

  • TORONTO, Nov 18- Canada's main stock index rose on Friday, closing out a strong week with boosts from energy and banking stocks as oil prices moved higher and investors reacted to rising bond yields. The Toronto Stock Exchange's S&P/TSX composite index settled up 37.94 points, or 0.26 percent, at 14,864.03, with the energy group finishing up 1.1 percent and...

  • Nov 14- Nasdaq Inc said on Monday that its long-time chief executive Robert Greifeld would retire and that Adena Friedman, president and chief operating officer, would become CEO as of Jan. 1. Greifeld, 59, has headed the trans- Atlantic stock exchange operator since 2003 and wrote his graduate thesis on the operation of the exchange. Under Greifeld, Nasdaq grew...

  • BEIJING, Nov 6- China has set up a 10 billion euro investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China said in a statement issued on Sunday. While targeting Central and Eastern Europe, it could extend to the rest of Europe and other regions if relevant to China- Central and Eastern Europe co-operation, it said.

  • HONG KONG, Nov 4- National Bank of Canada has issued a 3.5 billion yuan panda bond, the first North American financial institution to do so, after Beijing approved its 5 billion yuan bond program in September. Panda bonds, or yuan-denominated bonds sold by foreigners on the mainland, were first issued in 2005 but Canadian issuers have had little need for yuan...

  • What to make of Visa's conservative 2017 guidance ***please hold off, needs to be patched***

    Visa delivered strong results but is cautious ahead of slowing global growth and political uncertainty, says The Motley Fool's Asit Sharma.

  • This analyst has a $98 price target on Visa

    Visa's acquisition of Visa Europe will boost margins, ultimately yielding a multiples expansion, says Susquehanna Financial Group's James Friedman.

  • Visa had a strong quarter: Expert

    Visa beat on revenue and EPS but concerns over its Visa Europe arm put pressure on its stock, says Compass Point Research & Trading's John Williams.

  • NEW YORK, Oct 4- Jeffrey Gundlach's DoubleLine posted a net inflow of $444.4 million into its open-end mutual funds in September, marking the Los Angeles- based firm's 32nd consecutive month of inflows. The $61.8 billion DoubleLine Total Return Bond Fund, the largest fund by total assets of the DoubleLine Funds, had a net inflow of $190.9 million in September, for a...

  • Fintech O2O

    Fintech helps to make banking transactions and asset management more efficient and accessible, says Nexchange Chief Strategy Officer Andrew Economos.

  • What the WFC fallout means for banks

    Edward Mills, FBR Capital Markets Senior Financial Policy Analyst, discusses the regulatory implications for the banking industry following the investigation into the Wells Fargo fraudulent accounts scandal.

  • MONACO, Sept 12- Global reinsurance firms gathered in Monaco are hopeful premiums will stabilise in the coming year, although they expect competition to remain tough and returns low. That has put pressure on profits and prompted insurance companies- many of which are also in Monte Carlo this week to fix deals- to keep more risk, and profit, on their own books.

  • PNC Bank branch

    Shares of PNC Financial Services Group, off nearly 7 percent this year through Tuesday, are too cheap according to Keefe, Bruyette & Woods.