Author Archives: Editor - Finance Top Stories

Dovetail Insurance Expands MetLife BOP Product to Five More States

Dovetail Insurance has expanded its MetLife Auto Home Business Owners Policy (BOP) offering to five additional states through its NetBOP Insurance Portal. The MetLife Auto Home BOP coverage was recently launched in Colorado, Nebraska and New Mexico, and will also … Continue reading

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Hilb Group Acquires Cornerstone Group, Gencorp Insurance Group in R.I.

The Hilb Group, a Richmond, Virginia-based middle market insurance agency, today announced its acquisition of two New England insurance brokerage firms: Cornerstone Group, a benefit advisory firm in Warwick, Rhode Island; and Gencorp Insurance Group, a property/casualty and employee benefits … Continue reading

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Founders Professional Opening Chicago Office

Founders Professional, a professional liability insurance wholesaler, announced it is opening an office in downtown Chicago. The new location will be Founders Professional second; its first location is in St. Petersburg, Fla. Marketing and business development executive Aaron Lipson has … Continue reading

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Independent Insurance Agents of Virginia Elects Officers for 2015/2016

Independent Insurance Agents of Virginia (IIAV) inducted its 2015/2016 Board of Directors during the IIAV annual convention held June 21-23, 2015 at the Hilton Virginia Beach Oceanfront in Virginia Beach, Virginia. IIAV’s Board of Directors consists of: Chairman of the … Continue reading

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Mortgage Rates Modestly Lower as Risks Increase

Mortgage rates had their 2nd straight day of improvements today–something that’s been uncommon since the beginning of May.  Additionally, the slight drop in rates was belied by the market movement.  The bond markets that inform lenders rate sheets actually pointed … Continue reading

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U.S. economy nearing full employment, bounced back in second quarter: Fed’s Fischer

WASHINGTON (Reuters) – The U.S. economy probably bounced back to an annual growth rate of around 2.5 percent in the second quarter, and the labor market is approaching full employment, Federal Reserve vice chairman Stanley Fischer said on Tuesday. He … Continue reading

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U.S. approval of AT&T-DirecTV deal expected as soon as next week: sources

By Alina Selyukh and Diane Bartz WASHINGTON (Reuters) – ATT Inc’s (T.N) proposed $48.5 billion acquisition of DirecTV (DTV.O) is expected to get U.S. regulatory approval as soon as next week, according to people familiar with the matter, a decision … Continue reading

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GE Capital CEO sees asset sale pace speeding up in third quarter

By Lewis Krauskopf (Reuters) – The head of General Electric Co’s (GE.N) finance unit said Tuesday he expects the pace of GE Capital asset sales will accelerate in the third quarter as the U.S. conglomerate eyes unloading an even bigger … Continue reading

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Nike Chairman Phil Knight to step down in 2016

(Reuters) – Nike Inc (NKE.N), the world’s largest sports shoe company, said Chairman and co-founder Phil Knight would step down next year. Knight recommended that Chief Executive Mark Parker succeeds him as chairman. Parker has been CEO since 2006. Chairman … Continue reading

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Jury Orders Wall St. Financier to Pay Ex-Employee $18M in Harassment Case

A federal jury on Monday ordered the chief executive officer of a Manhattan investment firm to pay $18 million in damages to a former employee for sexual harassment and defamation. Benjamin Wey, who heads up New York Global Group, was … Continue reading

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