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- Allstate Reports 2008 Third Quarter Results
- Catastrophe Losses and Investment Valuation Declines Partially Offset by On-going Risk Mitigation Actions NORTHBROOK, Ill. -- The Allstate Corporation (NYSE: ALL): * Catastrophe losses of $1.8 billion, including losses from Hurricanes Ike and Gustav, were partially mitigated by exposure reduction actions and reinsurance. * Pre-tax net realized...
- Research articles 2008-10-22
- Fitch Believes Future Impairments May Overshadow New Fair Value Guidance for U.S. Life Insurers
- NEW YORK -- Recently, the SEC and FASB issued a joint statement (1) 'clarifying' guidance on mark-to-market rules for valuing balance sheet assets in the current market environment. The new guidance essentially gives management discretion to use their own estimates (Level 3 in the fair value hierarchy (2)) in those...
- Research articles 2008-10-14
- New Hampshire Thrift Bancshares, Inc. Announces Earnings for Third Quarter
- NEWPORT, N.H. -- New Hampshire Thrift Bancshares, Inc. (Nasdaq: NHTB), the holding company for Lake Sunapee Bank, fsb (the "Bank"), today reported consolidated net income for the nine months ended September 30, 2008 of $3,896,196, or $0.67 per share assuming dilution, compared to $3,397,391, or $0.73 per share assuming dilution,...
- Research articles 2008-10-10
- U.S. District Court, Western District of New York Case Summaries:
- U.S. District Court, Western District of New York Diversity Jurisdiction Defunct Corporation Bonta v. Accor North America 07-CV-735 Judge Skretny Background: The plaintiff commenced the action stating she was injured when she fell in August 2006 while staying...
- Research articles 2008-09-22
- HSBC says first-half profits dive 29 percent
- LONDON AFP — Global bank HSBC said on Monday that net profits tumbled 29 percent to 7.722 billion dollars (4.95 billion euros) in the first half of the year amid the ongoing worldwide squeeze on credit. Loan impairment charges and other credit risk provisions jumped by 58 percent to...
- Research articles 2008-08-04
- Mild 'pre-dementia' affecting almost 1 million annually in U.S.
- CHICAGO -- A milder type of mental decline that often precedes Alzheimer's disease is alarmingly more common than has been believed, and in men more than women, doctors reported Monday. Nearly a million older Americans slide from normal memory into mild impairment each year, researchers estimate, based on...
- Research articles 2008-07-29
- Bad news on dementia front
- The incidence of mild cognitive impairment, often described as a precursor to Alzheimer's disease, is much higher than expected, said Mayo Clinic scientists who presented research on Monday at the International Conference on Alzheimer's Disease meeting in Chicago. Individuals in the Mayo Clinic Study of Aging...
- Research articles 2008-07-29
- U.S. District Court, Western District of N.Y. Case Summaries: July
- U.S. District Court, Western District of N.Y. Social Security Disability Ward v. Astrue 06-CV-374 Judge Telesca Background: The plaintiff brings this action following the denial of his claim for disability and SSI benefits. He alleges the decision of...
- Research articles 2008-07-08
- Pot potency climbing rapidly: US officials
- WASHINGTON AFP — Marijuana sold in the United States today is on average more than twice as strong as it was 25 years ago, increasing the threat of serious mental impairment in users, US drug policy officials said Thursday. The average level of THC -- marijuana's psychoactive ingredient --...
- Research articles 2008-06-12
- Scottish Re Postpones Fourth Quarter 2007 Earnings Release and 2007 Form 10-K Filing
- HAMILTON, Bermuda -- Scottish Re Group Limited (Pink Sheets:SKRRF), or the "Company," announced today that it will be postponing the release of results for the fourth quarter and the filing of its Form 10-K for the year ended December 31, 2007. The Company had previously announced that it expected to...
- Research articles 2008-03-27
- Talbots Reports Preliminary Unaudited 2007 Fourth Quarter and Full Year Results
- Provides 2008 Outlook and Roadmap for Profitability HINGHAM, Mass -- The Talbots, Inc. (NYSE:TLB) today announced a preliminary unaudited net loss of $171 million or ($3.23) per share on a GAAP basis for the fourth quarter ended February 2, 2008. This result compares to a breakeven net income per...
- Research articles 2008-03-12
- A.M. Best Special Report: P/C's Low Impairment Trend Likely To Have Hit Bottom of Trough in 2007
- OLDWICK, N.J. -- The property/casualty industry recorded its lowest impairment count and the lowest impairment frequency rate in at least 38 years in 2007. Four property/casualty (P/C) companies, two affiliated, became impaired, for an impairment rate of 0.12%--or one in 833 companies. The industry's impairment rate has been lower than...
- Research articles 2008-05-19
- Staktek Holdings Reports Fourth Quarter and Full Year 2007 Financial Results
- AUSTIN, Texas -- Staktek[R] Holdings, Inc. (NASDAQ: STAK), which today is announcing that it changed its name to Entorian[TM] Technologies Inc. (NASDAQ: ENTN), is a market-leading provider of advanced electronic technologies and solutions for enterprise, consumer and other high-growth markets, and today announces financial results for the fourth quarter and...
- Research articles 2008-02-27
- BILL RAISING MALPRACTICE CAP CLEARS FIRST HURDLE
- DENVER - Despite fierce opposition from doctors, a bill changing compensation for impairment or disfigurement from medical malpractice cleared its first hurdle Monday. The Senate State, Veterans and Military Affairs Committee approved SB164 by a 3-2 party-line vote. The bill now heads to the Senate floor for...
- Research articles 2008-02-19
- Talbots Announces Fourth Quarter Sales Results
- -Updates 2007 Fourth Quarter and Full Year Outlook -Company Outlines Specific Initiatives to Achieve Profitability in Fiscal 2008 -Goal to Reduce Cost Structure by Minimum of $100 million by End of Fiscal 2009 HINGHAM, Mass. -- The Talbots, Inc. (NYSE: TLB) today announced sales for the thirteen...
- Research articles 2008-02-06
- Quebecor World Announces Sale/Merger of European Business to RSDB and Releases Third Quarter Results
- Quebecor World Inc. (TSX: IQW)(NYSE: IQW) and RSDB NV announced that they have signed a definitive Share Purchase Agreement SPA and Implementation Agreement to sell/merge Quebecor World's European operations to RSDB Group. RSDB will buy Quebecor World's European operations and Quebecor World will retain a 29.9% interest in the merged...
- Research articles 2007-11-07
- Quebecor World Announces Sale/Merger of European Business to RSDB and Releases Third Quarter Results.
- MONTREAL, CANADA, Nov 7, 2007 Marketwire via COMTEX -- HIGHLIGHTS - Sale/merger of European business to RSDB for approximately $341 million - Transaction will reduce Quebecor World's debt and is expected to improve financial flexibility - Creates leading European...
- Research articles 2007-11-07
- A.M. Best Special Report: L/H Impairments Bounce Off '06 Low And Top P/C Impairments in '07
- OLDWICK, N.J. -- The life/health (L/H) industry's financial impairment results for 2007 represent a bounce off exceptionally low results for 2006. L/H's six financial impairments and frequency rate of 0.39% also topped property/casualty's four impairments and 0.02% impairment rate in 2007. In six of the past eight years, the P/C...
- Research articles 2008-05-30
- Fair value measurements in impairment testing: how SFAS No. 157 increases consistency and comparability
- Abstract In September 2006, the Financial Accounting Standards Board issued a new standard, Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157). Prior to this Statement, U.S. Generally Accepted Accounting Principles included different definitions of fair value, and limited and dispersed application measurement guidance. SFAS 157...
- Research articles 2007-10-01
- Applebee's International Reports Second Quarter 2007 Results
- OVERLAND PARK, Kan. -- Applebee's International, Inc. (Nasdaq:APPB) today reported net earnings of $24.2 million, or $0.32 per diluted share, for the second quarter ended July 1, 2007. Excluding discontinued operations, impairment and other restaurant closure costs, and strategic alternative and proxy contest expenses totaling $2.1 million after-tax or approximately...
- Research articles 2007-08-01
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