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National General Holdings Corp latest news:
BRIEF-National General Holdings: Jay Nichols joins board
National General Holdings Corp(NGHC). * Jay Nichols joins national general board of directors. * Nichols's appointment expands board to eight directors, five of which are independent Source text for Eikon: Further company coverage:
National Vision's stock debuts 31% above its IPO price
Shares of National Vision Holdings Inc. debuted on the Nasdaq at $28.75 at 11:05 a.m. ET, or 31% above their initial public offering price of $22. The stock was recently changing hands at $28.00, and has traded in a range of $27.66 to $29.10 since its debut. The optical retail company had priced its IPO late Wednesday, above the expected range of $18 to $20. The company offered 15.8 million shares for sale, to raise $347.6 million. National Vision plans to use the proceeds to repay debt and for general corporate purposes, which includes the payment of interest on term loans. BofA Merrill Lynch, Goldman Sachs, Citigroup and KKR Capital acted at joint bookrunning managers. National Vision has gone public at a time the SPDR S&P Retail ETF has slipped 0.4% over the past three months, while the S&P 500 has gained 3.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Live Nation festival targeted by shooter insured by NY Marine & General-document
Oct 18 (Reuters) - A Live National Entertainment Inc
Las Vegas country musical festival that was targeted Oct. 1 in
the largest mass shooting in modern U.S. history was insured by
New York Marine & General Insurance Co, according to a permit
document filed in September.
BRIEF-Honeywell names Brian S. Cook global head of M&A
Honeywell International Inc(HON). * Honeywell(HON) names Brian S. Cook Global Head Of M&A. * Says Cook succeeds Anne Madden, who was recently named as Honeywell's (HON) senior vice president and general counsel Source text for Eikon: Further company coverage:
Dow, S&P 500, Nasdaq jump to fresh intraday records as energy shares rallies
U.S. stocks climbed on Tuesday at the open as the energy sector rallied and as the International Monetary Fund raised its outlook for global growth, reinforcing optimism about the health of the world economy that has helped drive equities to all-time highs. The Dow Jones Industrial Average advanced 78 points, or 0.4%, at 22,839, the S&P 500 index gained 10 points, or 0.4%, at 2,554, aided by a firm climb in the energy sector, measured by the Energy Select Sector SPDR ETF. Meanwhile, the Nasdaq Composite Index rose 27 points, or 0.4%, to 6,607. All three benchmarks notched intrady records in early Tuesday trade. The IMF said roughly 75% of the world's economy is sharing in the acceleration, a broader recovery than any in a decade. But it warned that a too-quick tapering from quantitative-easing measures by the European Central Bank and China failing to get a handle on its credit growth as factors that could derail economic progress. In corporate news, Procter & Gamble Co. shares gained as the consumer-products giant held an annual general meeting where a proxy vote among shareholders will decide on whether Trian Fund Management LP's chief executive officer, Nelson Peltz, gets a seat on the company's board. Meanwhile, Wal-Mart Stores Inc. shares were leading blue-chip gains, up 2.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 1-Ex-AIG chief Greenberg can pursue Spitzer defamation lawsuit
NEW YORK, Sept 14 (Reuters) - Maurice "Hank" Greenberg,
former chief executive of American International Group Inc
, may pursue large parts of his defamation lawsuit
against former New York Attorney General Eliot Spitzer, a New
York state appeals court ruled.
Ex-AIG chief Greenberg can pursue Spitzer defamation lawsuit
Maurice "Hank" Greenberg, former chief executive of American International Group Inc (AIG), may pursue large parts of his defamation lawsuit against former New York Attorney General Eliot Spitzer, a New York state appeals court ruled.
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