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Bank Insurance Revenues Rose 7.2% In 2008
Total insurance revenue for the nation’s bank holding companies (BHCs), excluding MetLife, increased 7.2 percent last year, rising from $10.15 billion in 2007 to $10.88 billion, according to a study. The report, which was released yesterday by Radnor, Pa.-based Michael White Associates with the American Bankers headquartered in Washingtobn, noted that ...
Insurance Headlines

'Economic Performance Of Saudi Arabia Exceptional' - Zawya.com
JEDDAH - Saudi Arabia&os;s economic performance has been exceptional in recent years, according to Saudi Economic Perspectives July 2009, by the Jeddah-based National Commercial Bank. The report, however, said that the Kingdom&os;s real GDP (gross domestic ...
Feed Digest

Report: Hnedak Bobo, Bullock Smith split
Memphis-based Hnedak Bobo Group Inc. and architecture, design and project management firm Bullock Smith & Partners are parting ways, according to a report in the Knoxville News Sentinel.
Biz Journal

Buy Forex Gridbot - Is it Worth It?
Forex Gridbot is one of a kind forex auto trading robot that helps you make a ton of money, at least according to the manufacturer's claims. Its strategy lies in not making too much too fast and realizing when is the right time to cash in and not get greedy and try to make more money. Unlike other forex auto trading robots, this one does not trade throughout the day and attempts to use its artificial intelligence to decide if the trades should continue or if you should finish it and move on to something else.
E-Zine

Olin receives $44M in settlement
Olin Corp. will get $44 million as part of a lawsuit settlement with insurance companies, according to a regulatory filing Friday. (OLN)
New York Times

Chinese thirst buoys SAB
Thirsty labourers who leave China's coastal cities to return to their hometowns in the interior are bringing a taste for beer back with them, according to brewer SABMiller
FT

Grantham: Are Stocks Fairly Priced?
Better-than-expected economic data bolster the case that the recent stock market rally was based on solid fundamentals. According to the U.S. GDP report, the economy contracted 6.4% in the first quarter of 2009, but only declined 1% last quarter. That's progress, and (as much as such things make sense) it arguably justifies the S&P 500's 46% advance since Mar. 9. But what now? GMO's Jeremy Grantham describes the dilemma facing investors in his quarterly letter. One thing I admire about Grantham is his honesty: He admit when he really doesn't know what's going to happen next. As a value investor, Grantham has definite opinions about what the stock market should be worth, but he's aware the market usually acts irrationally. So the problem right now for Grantham is that, for one brief moment, stocks seem to be fairly priced: A year ago, equities globally -- and everything else for that matter -- were very overpriced, particularly if they were risky. A quarter ago, in mid-March, price
BusinessWeek

The pain is starting to ease - GDP report
The pace of economic decline slowed substantially in the second quarter, as the U.S. economy shrank at an annual rate of 1% -- far less than it did in the first quarter, according to a government report released Friday.
CNN

New evidence in Binyam Mohamed `torture` case
Documents reveal MI5 official visited Morocco three times during period ex-Guantánamo detainee claims he was interrogatedAn MI5 officer visited Morocco three times during the period former terror suspect Binyam Mohamed claims he was secretly interrogated and tortured there, according to documents revealed by the high court today .Lawyers acting for MI5 have repeatedly told the high court in London the agency had no idea Mohamed was in Morocco in 2002-03. But documents passed to the court show an MI5 officer, known as Witness B, visited Morocco during that time.New evidence of MI5's involvement in Mohamed's earlier interrogation in Pakistan was disclosed yesterday by Lord Justice Thomas and Mr Justice Lloyd Jones. Thomas said they had taken the 'very unusual step of correcting a judgment', a move dictated by the emergence of new documents about MI5's role in the affair.Mohamed was flown to Morocco by the US from Pakistan. He was later taken to the 'dark prison' in Bagram in Afghanistan
Guardian

Motor insurance premiums continue to soar
Car insurance premiums increased 3.5% over the past three months, research by the AA has discovered. The typical quote for annual comprehensive insurance cover now stands at £778.13, according to the AA British Insurance Premium Index. This is 11% more than 12 months ago. home insurance premiums also increased in the second quarter, up 2.5% on quarter one, [...]
Finance Markets

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