Author Archives: Editor - Finance Top Stories

Pelissier Named Partner at Woodruff-Sawyer in California

Woodruff-Sawyer Co. has named Jared Pelissier a partner and senior vice president in the Southern California office. Pelissier specializes in management liability and cyber liability risks for companies of all sizes across a variety of industries. Since joining the firm’s … Continue reading

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Networked Names Hayes Vice President in Southern California

Grass Valley, Calif.-based Networked Insurance Agents has named Phyllis Hayes sales vice president. Hayes will be the key point of contact for independent agency members in the Los Angeles County, Ventura County, San Fernando Valley and Bakersfield areas. In her … Continue reading

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Selective Insurance Group’s Q4 Profit Jumps 63% to $41M

Selective Insurance Group in Branchville, New Jersey, reported $41.35 million net income for the 2014 fourth quarter, a 63 percent increase from $25.34 million net income during the 2013 fourth quarter. The GAAP combined ratio for the fourth quarter was … Continue reading

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Army Corps Releases Northeast Coastal Flood Risk Management Framework

The U.S. Army Corps of Engineers on Wednesday issued a report saying that managing the flooding risk along the North Atlantic coast from events like Superstorm Sandy is something that has to be done collaboratively by all levels of government … Continue reading

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Mortgage Rates Shoot Past Recent Lows; 3.5% Getting More Prevalent

Mortgage rates moved lower today at their fastest pace since January 14th.  Rates sheets moved well past recent lows and back to levels not seen since May 10th 2013.  That was the day that the Wall Street Journal’s Hilsenrath suggested … Continue reading

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Fed’s Fisher: stronger dollar good for U.S. jobs

By Ann Saphir SAN FRANCISCO (Reuters) – Sharp gains in the U.S. dollar are good for the U.S. labor market, a top Federal Reserve official said on Friday, downplaying a crescendo of complaints from top executives over the dent to … Continue reading

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Oil surges 8 percent as U.S. rig count plunges, shorts scramble

By Barani Krishnan NEW YORK (Reuters) – Oil prices roared back from six-year lows on Friday, rocketing more than 8 percent as a record weekly decline in U.S. oil drilling fueled a frenzy of short-covering. In a rally that may … Continue reading

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Shake Shack IPO vaults shares into ‘nosebleed’ territory

By Amrutha Gayathri and Lisa Baertlein (Reuters) – Shares of Shake Shack Inc (SHAK.N) more than doubled on Friday, putting a nearly $2 billion price tag on the small cult hamburger chain, in a huge bet that its growth can … Continue reading

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U.S. economy cools in fourth quarter, but consumer spending shines

By Lucia Mutikani WASHINGTON (Reuters) – U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006. The slowdown followed two back-to-back quarters of … Continue reading

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Former School Board Insurance Consultant Faces Ethics Charge in Louisiana

The Louisiana Board of Ethics has charged the Lafayette school board’s former insurance consultant with violating ethics laws by offering a school board member tickets to a New Orleans Saints game while “seeking a contractual and business relationship” with the school board. … Continue reading

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