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29 MINS AGO - Globe and Mail

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Willis, Towers Watson merge to create $18-billion company

Willis joins list of insurance brokers looking to tap lucrative benefits market through mergers with human resources consultancies

Tags: Willis, Towers Watson merge to create $18-billion company,  Insurance Latest News

1 HOUR AGO - TheStreet

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MBIA (MBI) Stock Continues to Drop on Puerto Rico Debt Crisis

NEW YORK (TheStreet) -- MBIA shares are down 18.84% to $5.17 in morning trading on Tuesday, continuing to suffer the fallout from Puerto Rico's admission that it will not be able to pay off its $72 billion in debt.Puerto Rico Governor Alejandro Garcia Padilla told the New York Times Friday that the country was unable to pay off its debts ...

Tags: MBIA (MBI) Stock Continues to Drop on Puerto Rico Debt Crisis,  Insurance Latest News

1 HOUR AGO - TheStreet

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Willis Group (WSH) Stock Soaring Following Towers Watson Merger

NEW YORK (TheStreet) -- Shares of Willis Group Holdings  were soaring, sharply higher by 5.59% to $47.94 on heavy volume in late morning trading Tuesday, after the company announced its $18 billion all stock merger deal with Towers Watson & Co  this morning. Under the terms of the deal, Willis shareholders will own a majority of shares with 50.1%, while Towers Watson ...

Tags: Willis Group (WSH) Stock Soaring Following Towers Watson Merger,  Insurance Latest News

1 HOUR AGO - Zero Hedge

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Gross Says Hold Cash, Prepare For "Nightmare Panic Selling"

Ever since bond market liquidty became the topic du jour across Wall Street (just a few short years after it was first raised in these pages), analysts, pundits, and reporters alike have begun to question what might happen should investors who have piled into mutual funds and ETFs (especially fixed income products) suddenly decide to sell into illiquid secondary markets.  ...

Tags: Gross Says Hold Cash, Prepare For "Nightmare Panic Selling",  Insurance Latest News

1 HOUR AGO - Zero Hedge

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Greece Shows Importance of Gold as Europeans Buy Coins and Bars

Greece Shows Importance of Gold as Europeans Buy Coins and Bars - Demand for physical gold from Europeans surges- Greek ATMs limit withdrawals to €60 per day- Greeks panic buy food, fuel and medicine- European elites threaten Greece with expulsion- Gold not subject to capital controls or “bail-ins” British Gold Sovereign Gold Coin Demand for gold coins and bars from European investors has increased ...

Tags: Greece Shows Importance of Gold as Europeans Buy Coins and Bars,  Insurance Latest News