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Financial Stocks: Bank rally lifts financial sector Wednesday

Bank rally lifts financial sector Wednesday


Posted on March 10, 2010

Currencies: Dollar mostly higher; euro erases early loss

The dollar was mostly higher versus major rivals Wednesday, but the euro managed to erase an earlier loss versus the greenback after stronger-than-expected factory output data from France and Italy.


Posted on March 10, 2010

British recovery still 'very fragile,' says Brown

Britain’s economic recovery remains fragile, making it crucial that the government doesn’t move too quickly to withdraw fiscal stimulus measures, British Prime Minister Gordon Brown said Wednesday.


Posted on March 10, 2010

Market Snapshot: U.S. stocks see modest rise at start of trade

U.S. stocks open slightly higher Wednesday as the financial sector climbs, along with technology and telecommunications stocks. Commodities slip.


Posted on March 10, 2010

Tullett Prebon shares surge on takeover hopes

Shares of U.K. interdealer broker Tullett Prebon jump as much as 19% after the company says it's in preliminary talks that could lead to a takeover bid.


Posted on March 10, 2010

Insurance

http://www.businessinsurance.com

COBRA subsidy extension set for full Senate vote

WASHINGTON—Tax legislation that would further extend COBRA health insurance premium subsidies moved closer to passage when the Senate voted 66-34 Tuesday to stop debate on the measure.

 

Toyota, U.S. officials investigate runaway Prius

LOS ANGELES and DETROIT (Reuters)—U.S. safety regulators and Toyota Motor Corp. dispatched investigators to San Diego on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier.

 

PartnerRe's Chile quake claims could reach $320M

PEMBROKE, Bermuda—PartnerRe Ltd. said it expects claims of $220 million to $320 million from the recent earthquake in Chile.

 

Risk Management Summit kicks off in New York

NEW YORK—Dozens of senior risk managers gathered Monday in New York for the first Risk Management Summit, a two-day networking and educational event that features expert speakers as well as executives from leading insurance industry companies.

 

Marsh plans sale of Kroll unit: Report

NEW YORK (Reuters)—Marsh & McLennan Cos. Inc. has put up its security consulting business Kroll Inc. up for sale for $1.

 

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