Even after Friday's jobs report fueled the market's rally, stocks could be in for more bumps, as the first trickle of earnings reports begin.» Read More
NEW YORK, Oct 30- As residents and businesses clean up from one of the worst storms to hit the U.S. East Coast in memory, investors are preparing for the stock market reaction by betting on or against insurers, casino companies and home improvement stores.
MAYFIELD VILLAGE, OHIO-- Progressive Corp. on Friday declared a special dividend of $1 per share. The special dividend will return about $600 million to shareholders, President and CEO Glenn Renwick said in a statement. The Mayfield Village, Ohio, company also named Jeffrey D. Kelly to fill a vacant seat on its board.
*Announces special cash dividend and election of jeffrey d. kelly to board of directors. *Says board of directors has declared a special cash dividend of $1.00 per common share. *Says issuance of special dividend will not affect company's annual, variable dividend program for 2012.
--Italy- based classified directories publisher SEAT PagineGialle SpA. Rating Action On Oct. 12, 2012, Standard& Poor's Ratings Services raised to' B-' from' CCC' its long-term corporate credit rating on Italy- based classified directories publisher SEAT PagineGialle SpA.
*KBW raises Progressive Corp price target to $21 from $18; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Says September net premiums earned $1.25 billion. *Says Q3 earnings per share $0.46. *Says Q3 premiums earned $4.05 billion, up 8 percent.
A sudden bubbling up of oil prices has shifted market focus to the Middle East, heading into Wednesday’s session.
Oct 9- Hilltop Holdings Inc:. *Raymond James Raises Hilltop Holdings Inc price target to $15 from. *Raymond James Raises Progressive Corp price target to $25 from $23.
Be warned: Your dividend payouts could be in peril this quarter. Here's a look at five stocks whose dividends are in peril in the next quarter.
Oct 3- Standard& Poor's Ratings Services today said it assigned its issue-level and recovery ratings to Progressive Waste Solutions Ltd.' s proposed refinancing in the amount of US $2.25 billion, comprising a US $1.75 billion revolver and US $500 million term loan B. We rate both the revolver and term loan' BBB-', with a recovery rating of' 2', indicating our expectation that lenders would receive substantial recovery in a default scenario.
*Moody's raises ratings of Progressive waste services, cfr to ba1 from ba2.
*Barclays raises Allied World Assurance Company price target to $72. *Barclays raises Allstate Corp price target to $45 from $41; rating. *Barclays raises Arch Capital Group Ltd price target to $48 from $46;.
An after-the-bell earnings beat by Alcoa could bring a bit of cheer to a market Wednesday that has once more become worried about Europe’s ability to contain its debt crisis.
Stocks clawed back from their worst levels but still ended in negative territory Tuesday following the latest Fed meeting minutes that showed policymakers toned down the likelihood for further quantitative easing.
Progressive Insurance commissioned Harris Interactive to poll Americans about their driving habits - and the results are amazing.
Hurricane Irene is expected to cause billions of dollars in damage in 14 states along the eastern U.S. seacoast, but property/casualty insurance companies are not expected to see much of a hit from damage claims.
The Japan situation offers a new “calibration point” for insurers and the world, Glenn Renwick, CEO of insurance company Progressive, told CNBC Wednesday.
The Lightning Round is extended in this CNBC.com exclusive feature.
Financials were among the biggest sector losers last week. Is this a buying opportunity for investors or a sign to avoid the group? Tyler Dann, senior research analyst at Invesco, and Fred Cannon, co-director of research and chief equity strategist at KBW, discussed their insights.
California is flirting with car insurance paid at the gas pump, so you’re actually paying based on how much of highway system you use—and how much carbon you pump into the air. Allstate, State Farm and Progressive are considering the idea.