Author Archives: Editor - Finance Top Stories

Hanover Insurance’s Q3 Net Income Falls 10% to $55M

The Hanover Insurance Group Inc. reported $54.9 million net income for its 2014 third quarter, a 10.4 percent decline compared with $61.3 million net income during the third quarter of 2013. The Worcester, Massachusetts-based insurer’s earnings were dampened by what … Continue reading

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D.C. Council Passes Bill Regulating Rideshare Firms

The D.C. Council has approved a bill that regulates popular ridesharing companies such as Uber and Lyft. The bill gained initial approval on Tuesday by a 12-1 vote. Among other things, it would require that drivers for smartphone-based vehicle-for-hire services … Continue reading

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Selective Insurance’s Q3 Profit Rises 63% to $53M

Selective Insurance Group reported $53.2 million net income for its 2014 third quarter, a 62.7 percent increase from $32.7 million net income during the third quarter of 2013. Operating income for the third quarter was $43.3 million, up 81.2 percent … Continue reading

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Integro Hires Stearns as Global Marine Practice Principal in New York

Insurance brokerage and risk management firm Integro hired Robert Stearns as a principal for the firm’s Global Marine practice in New York. He is responsible for the design, structure, placement and servicing of marine liability and marine hull insurance programs. … Continue reading

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Average US 30-year loan rate up to 3.98 pct.

WASHINGTON (AP) — Average U.S. long-term mortgage rates arrested their five-week decline this week but the benchmark 30-year loan remained below 4 percent. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage rose to 3.98 percent … Continue reading

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Mortgage Rates at 3-Week Highs After Fed Ends QE

Mortgage rates rose to the highest level in 3 weeks after today’s Fed Announcement.  The move was a two-part process with initial rate sheets being weaker in the morning and mid-day reprices (lenders raising rates) following the Fed.  The pace … Continue reading

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Mortgage Rates Recover Slightly; Holding Near 4 Percent

Mortgage rates pulled back to hold near 4 percent after rising to the highest levels in 3 weeks.  After yesterday’s Fed announcement, the most common rate quotes were at risk of edging up to 4.125% for top tier borrowers.  While … Continue reading

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GoPro profit beats estimates on robust demand for cameras

By Soham Chatterjee (Reuters) – GoPro Inc (GPRO.O) reported a better-than-expected quarterly profit and revenue, driven by strong demand for its wearable cameras, which are used by surfers, skydivers and other action junkies. The company’s shares rose 6.7 percent in … Continue reading

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LinkedIn shares swing as Q4 outlook misses estimates

View photo . Getty Images/Mandel Ngan LinkedIn CEO Jeff Weiner LinkedIn reported earnings that were ahead of expectations. The stock fell initially, but then bounced back. At last check, it was basically flat. Here are the major numbers: EPS: $0.52 versus … Continue reading

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Starbucks under pressure as key metric misses views

(Reuters) – Starbucks Corp (SBUX.O) on Thursday reported sales at established cafes in its U.S.-dominated Americas region that missed Wall Street expectations in the latest quarter, despite the early return of the popular Pumpkin Spice latte. The world’s biggest coffee … Continue reading

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