Travelers Companies Inc
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There’s been a relentless rally in these stocks, Cramer said. And it’s probably not over.
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A flood of earnings reports, including major technology and industrial companies, could make or break the stock market’s surprise January rally in the week ahead.
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TheStreet.com details brief earnings previews for five major property and casualty insurers.
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Stocks came off their lows but still finished in negative territory Monday, pulling back after last week's sharp rally and ahead of the fourth-quarter earnings season.
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WASHINGTON, Jan 7- The U.S. Supreme Court on Monday weighed whether to impose new limits on class-action lawsuits, as it reviewed whether a homeowner's lawsuit against his insurer belonged in a state court considered friendly to plaintiffs.
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They were Darlings of the Dow last year - but Cramer's kicking some to the curb.
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Dec 7- Insurer American International Group Inc on Friday said it expects after-tax losses of at least $1.3 billion from Superstorm Sandy, a much bigger hit than some of its largest peers have reported. The figure is double what Travelers Cos Inc said it expected to lose from Sandy and 20 percent more than Allstate Corp forecast for its losses.
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*Dow up 0.6 pct, S&P 500 up 0.2 pct, Nasdaq off 0.8 pct. NEW YORK, Dec 5- A volatile trading session ended with U.S. stocks mostly higher on Wednesday, even as Apple, the most valuable company in the United States, suffered its worst day of losses in almost four years.
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The Dow and S&P finished higher Wednesday, boosted by a batch of upbeat economic reports and optimistic comments from China's new leader, while Apple's sharp drop pushed the Nasdaq into negative territory.
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*Dow up 0.6 pct, S&P 500 up 0.2 pct, Nasdaq off 0.8 pct. NEW YORK, Dec 5- A volatile trading session ended with U.S. stocks mostly higher on Wednesday, even as Apple, the most valuable company in the United States, suffered its worst day of losses in almost four years.
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Travelers' gain leads Dow higher, Apple's drop hits Nasdaq. NEW YORK, Dec 5- U.S stocks mostly rose on Wednesday, boosted by a rally in bank shares, though a steep drop in Apple limited the advance and kept the Nasdaq in negative territory.
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*Freeport-McMoRan Copper to buy Plains, McMoRan Exploration. NEW YORK, Dec 5- Wall Street was set for a flat open on Wednesday as a drop in shares of Freeport-McMoRan premarket following acquisition announcements offset optimism about a global economic recovery spurred by comments from China's new leader.
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*Freeport to buy Plains, McMoRan Exploration for $9 bln. *Citigroup to cut 11,000 jobs, take $1 billion charge. Equities staged a turnaround in the face of a drop in Apple, the largest U.S. company by market capitalization and a big weight in both the S&P 500 and the Nasdaq.
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*EPS of $1.13 vs 86 cent Street view. The remaining stake pertains to AIG shares the Treasury Department owns in exchange for capital it infused. Last quarter, the Treasury Department sold $26.5 billion worth of AIG shares, including approximately $8 billion purchased by AIG.
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Companies such as environmental cleanup specialist Clean Harbors Inc, building supply chains Home Depot Inc and Lowe's Cos Inc, building products makers Owens Corning and Beacon Roofing Supply Inc, and generator manufacturer Generac Holdings Inc surged in early trading on the assumption that the recovery from Sandy will take years and boost sales.
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NEW YORK, Oct 31- The first piece of post-storm advice after a major weather event like Sandy is always to call your insurance company. But what if your phone isn't working or you don't have Internet service? State Farm says as of Tuesday evening, it had logged 6,000 homeowners policy claims, and 900 car claims.
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Companies like environmental cleanup specialist Clean Harbors, building supply chains Home Depot and Lowe's, building products makers Owens Corning and Beacon Roofing and generator manufacturer Generac Holdings surged in early trading on the assumption that the recovery from Sandy will take years and boost sales.
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Companies like environmental cleanup specialist Clean Harbors, building supply chains Home Depot and Lowe's, building products makers Owens Corning and Beacon Roofing and generator manufacturer Generac Holdings surged in early trading, on the assumption that the recovery from Sandy will take years and boost sales.
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BOSTON-- Shares of property insurers fell more sharply than the broader market on Friday as investors weighed the potential for heavy damages from Hurricane Sandy, which was heading north from Haiti and Cuba toward the East Coast.
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Travelers Cos. said Thursday that its net income jumped to $864 million, or $2.21 per share, for the three months ended Sept. 30. That compares with net income of $333 million, or 79 cents per share, in the same period last year. Investors sent shares in the New York company up $2.45, or 3.4 percent, to $73.83 in afternoon trading.
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Travelers Cos. posted record operating profit in the third quarter, as prices rose and losses from natural disasters fell sharply, the property insurance company said on Thursday.