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State Attracts 2nd Captive Insurer
The Hartford CourantThe state has attracted its second captive insurer. Stanley Black & Decker, based in New Britain, is moving its captive insurance subsidiary, SBD Insurance Inc., from Vermont to Connecticut, the governor's office announced Thursday afternoon. A...Tags: Stanley Black, Insurance, New Britain, Economy, Business and Finance, Politics
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Consumer spending, though still weak, jumps most in five months
Consumer spending, a top economic motivator, made its biggest jump in five months – but uncertainty over rising gas prices, still-high unemployment, a looming fiscal cliff and the election threaten to keep growth subdued. Personal consumption...
Tags: Economic Indicator, Consumers, Consumer Confidence
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UnitedHealth Group Beats Analysts' Expectations As Membership Grows
The Hartford CourantThe nation's largest health insurer, UnitedHealth Group, beat analysts' expectations for second-quarter earnings as it grew its employer-based health insurance customer base and its involvement in government-sponsored health plans. Net earnings were $1....Tags: Goldman Sachs Group, Inc., Auto Trends, Earnings Forecasts, Companies and Corporations, Insurance
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Travelers' Earnings Far Better Than A Year Ago, Less Than Analysts Expected
The Hartford CourantThe Travelers Cos. reported second-quarter earnings that were much better than last year, when tornadoes and other catastrophes pummeled property-casualty insurers, but still missed analysts' expectations. Operating income was $495 million, or $1.26...Tags: Jay S. Fishman, Economy, Business and Finance, Insurance, NYSE Euronext, Inc., Stock Market
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Facebook shares plunging in after-hours trading, now down 9%
Facebook's shares plummeted as much as 11% in after-hours trading after the social network released its first-ever earnings report that showed it met revenue expectations but was spending heavily. The Menlo Park, Calif., company reported quarterly...
Tags: Media Industry, Economy, Business and Finance, Quarterly or Semiannual Financial Statements, Earnings, Research and Development
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Magellan Health of Avon Reports 21 Percent Drop In Quarterly Earnings
The Hartford CourantMagellan Health Services Inc. of Avon reported a 21 drop in second-quarter earnings Friday due partly to the rising cost of caring for patients with behavioral health problems and in its radiology and pharmaceutical business segments. Net income...Tags: Radiology, Economy, Business and Finance, Government Health Care, Medical Specialization, Mental Health
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Consumer confidence at 2012 low on poor hiring and slow economy
The sunny weather in July isn’t doing much for consumer sentiment – confidence is at the lowest level of the year, according to a new index compiled by Thomson Reuters and the University of Michigan. All sorts of factors are to blame: The...
Tags: Google Inc., Economic Indicator, Consumers, Productivity, Labor Markets
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Facebook's first earnings report matches expectations; shares plunge
Facebook's first-ever earnings came in on target Thursday, with revenue of $1.18 billion on profit of 12 cents a share. Facebook posted a second-quarter loss of $157 million, or 8 cents a share. But on an adjusted basis, after accounting for restricted...
Tags: Media Industry, Zynga Inc., Earnings, Social Media, Mark Zuckerberg
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Consumer confidence rebounds in Florida in July
Sun SentinelFloridians defied some glum spirits elsewhere in the nation with their consumer confidence rebounding in July after plummeting a month earlier, according to a monthly University of Florida survey. Consumer confidence among Floridians increased in July by...Tags: College Basketball, Sports, Economic Indicator, Surveys, Research
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Aetna Reports 15 Percent Drop In Earnings, Beating Analysts' Expectations
The Hartford CourantAetna reported a 15 percent drop in earnings, but the results beat analysts' expectations as the insurer reported higher revenue driven partly by increased premiums and sales at newly acquired businesses. Net income for the quarter was $457.6 million, or...Tags: Goldman Sachs Group, Inc., Dentistry and Dental Health, Earnings Forecasts, Business, Companies and Corporations
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REUTERS: Allstate Blows Past Estimates On Lower Disaster Impact
(Reuters) — Home and auto insurer Allstate Corp swung to a profit in the second quarter, smashing recently lowered Wall Street expectations, after its disaster losses were less than half of the record-breaking level they hit last year. Shares...Tags: Insurance, Allstate Corp., Financially Distressed Companies, Earnings Forecasts
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REUTERS: MetLife, Prudential Profits Rise On Derivative Gains
Profit at MetLife Inc., the largest U.S. life insurer, doubled in the second quarter after a huge gain on derivatives tied to falling interest rates, and operating results at the company beat Wall Street expectations on double-digit growth in the...Tags: Money and Monetary Policy, Alico Incorporated, Insurance, Economy, Business and Finance, Prudential Financial Incorporated
Sep 13, 2012
|Story| Hartford Courant
Aug 30, 2012
|Story| Los Angeles Times
Jul 19, 2012
|Story| Hartford Courant
Jul 19, 2012
|Story| Hartford Courant
Jul 26, 2012
|Story| Los Angeles Times
Jul 27, 2012
|Story| Hartford Courant
Jul 27, 2012
|Story| Los Angeles Times
Jul 26, 2012
|Story| Los Angeles Times
Jul 31, 2012
|Story| South Florida Sun-Sentinel
Jul 31, 2012
|Story| Hartford Courant
Jul 31, 2012
|Story| Hartford Courant
Aug 1, 2012
|Story| Hartford Courant
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