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KSA: Tadawul Index up 5.05% The Saudi stock market switched to a bullish mood at the start of a new week. The Riad-based TASI-index closed 5.05% at 4786.83 points on strong volumes (351,717,568 shares changed hands). 123 shares advanced and only 2 declined. National Industrialization Co. climbed 10%, as well as Al Ahsa, Thim'ar and Saqr Insurance did. Only Saudi Fransi insurance (down 2.91%) and Al Mojil Group (0.83% lower) lost value. The comeback hapens after Standard and Poor's affirmed the'A'-Rating (outlook: stable) of market petrochemical giant SABIC (up 8.84%). SABIC is considered a GCC market bellwether. AME InfoInsurance and Tax Insurance death proceeds are specifically exempted by law from income tax liability whether they are paid to an individual, an estate, or a corporation. There is one major exception to the rule, however, and that is where a policy is sold or transferred for 'valuable consideration.' In such a case income taxes are payable on the part of the death proceeds which exceed the new owner's cost. ezinearticles.comInsurance Riders For additional premiums most policies will include riders-provisions attached to the basic contract which give the policyholder extra benefits or options. Some of these are so common that they are automatically inserted in the policy, and the premium is quoted as part of the whole policy. E-ZineCalifornia-based 1st Centennial Bank fails 1st Centennial Bank of Redlands, Calif. was seized by the Federal Deposit Insurance Corp. and state regulators on Friday. It was the third bank failure this year, and brings to 28 the number of banks that have closed since the beginning of the current credit crisis. MarketWatchRegulators close 1st Centennial Bank in California (AP) Regulators on Friday shut down 1st Centennial Bank in California, the third U.S. bank to fail this year. California regulators closed the Redlands-based bank and appointed the Federal Deposit Insurance Corp. as receiver. 1st Centennial had assets of $803.3 million and deposits of $676.9 million as of Jan. 9. yahoo.comFirst California Financial Group: First California Assumes Deposits of 1st Centennial Bank WESTLAKE VILLAGE, CA (MARKET WIRE) First California Financial Group, Inc. (NASDAQ: FCAL), parent company of First California Bank, today announced that First California Bank assumed the insured deposits of 1st Centennial Bank, the wholly-owned subsidiary of 1st Centennial Bancorp (OTCBB: FCEN), effective at the close of business today, from the Federal Deposit Insurance Corporation ('FDIC') acting in its capacity as receiver of 1st Centennial Bank. Marketwire.comCalif. Bank Is Third To Fail This Year Regulators on Friday shut down 1st Centennial Bank in California, the third U.S. bank to fail this year. California regulators closed the Redlands-based bank and appointed the Federal Deposit Insurance Corp. as receiver. CBS NewsCost for car insurance drops 1.9% in Arizona, rises nationally Insurance.com says that while the national average rose 8 percent, it lowered by 1.9 percent in Arizona. AZ Central |
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