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BUZZ-Allstate slides after US DOJ sues subsidiary National General for falsely placing insurance
Allstate shares fall as much as 5.8%, last down 4.3% at $164.93. U.S. DOJ sues subsidiary National General for allegedly falsely placing insurance on hundreds of thousands of borrowers' vehicles. Allstate acquired National General in a $4 billion deal in 2011.
Reuters · 1d ago
BUZZ-Allstate dips as US DOJ sues subsidiary National General for falsely placing insurance
Allstate shares fall as much as 2.8%; last down 2.1% at $168.70. U.S. Justice Department sues subsidiary National General for allegedly falsely placing insurance on borrowers' vehicles. Allstate acquired National General in a $4 bln deal in 2011.
Reuters · 1d ago
UPDATE 3-Cold storage REIT Lineage rises 5% in the biggest IPO of 2024
Cold storage REIT Lineage rises 5% in the biggest IPO of 2024. Cold storage real estate investment trust Lineage's LINE.O shares gained 5% on their Nasdaq debut on Thursday. The IPO is the year's biggest public offering so far. Lineage sold 57 million shares on Wednesday to raise $4.44 billion.
Reuters · 1d ago
RPT-BREAKINGVIEWS-CrowdStrike in cursed grip of corporate klutz club
Cybersecurity software developer CrowdStrike has lost 20% of its market capitalization. The average stock-price drop in a crisis is 12%, says John Foley. CrowdStrike is latest big company to gauge willingness of investors to move past a catastrophe. He says it's hard to imagine a similar outcome for a company in corporate klutz club.
Reuters · 1d ago
BREAKINGVIEWS-CrowdStrike in cursed grip of corporate klutz club
Breakingviews: CrowdStrike in cursed grip of corporate klutz club. Cybersecurity software developer has lost 20% of its market capitalization. The average stock-price drop in a crisis is about 12%, says John Foley. It's hard to imagine a similar outcome for CrowdStrike, he says.
Reuters · 2d ago
UPDATE 2-BNP Paribas beats estimates as trading revenues jump
BNP Paribas beats estimates as trading revenues jump Q2 equity markets sales up 58% Q2 French retail NII down 11% Confirms 2024 targets. The euro zone's biggest bank says investment banking revenue jumped 21% in the second quarter. BNP's equities trading revenues up 58%. The bank's retail division was hit by a sharp drop in interest income.
Reuters · 2d ago
WELLS FARGO & CO - Q3 DIVIDEND REPRESENTS AN INCREASE OF $0.05 PER SHARE, OR 14%, FROM PRIOR QUARTER
Reuters · 3d ago
WELLS FARGO & COMPANY INCREASES COMMON STOCK DIVIDEND
Reuters · 3d ago
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