A.M. Best Downgrades Ratings of Kingsway Amigo Insurance Company
OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best Co. has downgraded the financial strength rating (FSR) to C++ (Marginal) from B- (Fair) and the issuer credit rating (ICR) to “b” from “bb-” of Kingsway Amigo Insurance Company (Amigo) (Miami, FL). The outlook for both ratings is negative. The rating actions follow Amigo’s year-end 2010 operating performance, which resulted in a surplus loss of more than 34%. The ratings also reflect Amigo’s weak risk-adjusted capitalization, above average financial and
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A.M. Best Downgrades Ratings of Kingsway Amigo Insurance Company
Apartments planned for former KeyBank branch
The owner of a historic former KeyBank branch in downtown Albany, New York, wants to convert it into a restaurant/banquet house with apartments in the rear, according to city officials.
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Apartments planned for former KeyBank branch
A.M. Best Affirms Ratings of Harleysville Group Inc. and Its Subsidiaries
OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of Harleysville Insurance (Harleysville) and its property/casualty pooling members, including the lead company, Harleysville Mutual Insurance Company (Harleysville Mutual). Concurrently, A.M. Best has affirmed the FSR of A- (Excellent) and ICR of “a-” of Harleysville Life Insurance Company (Harleysville Life), a direct life/health subsidiary of Ha
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A.M. Best Affirms Ratings of Harleysville Group Inc. and Its Subsidiaries
Crane Co. to Present at the Bank of America Merrill Lynch Smid Cap Conference
STAMFORD, Conn.–(BUSINESS WIRE)–Crane Co. (NYSE:CR) announced today that Eric C. Fast, President and CEO, and Andrew L. Krawitt, Vice President, Treasurer and Principal Financial Officer, will be speaking at the Bank of America Merrill Lynch Smid Cap Conference in Boston on Wednesday, May 11, 2011 from 10:30 AM to 11:10 AM ET. A simultaneous audio webcast and presentation slides will be available on the Company’s web-site www.craneco.com. A replay will be available on the same website shortly
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Crane Co. to Present at the Bank of America Merrill Lynch Smid Cap Conference
FASB Issues Accounting Standards Update to Improve Financial Reporting of Repurchase Agreements
NORWALK, Conn.–(BUSINESS WIRE)–The Financial Accounting Standards Board (FASB) today issued Accounting Standards Update (ASU) No. 2011-03, Transfers and Servicing (Topic 860): Reconsideration of Effective Control for Repurchase Agreements. The Update is intended to improve financial reporting of repurchase agreements (“repos”) and other agreements that both entitle and obligate a transferor to repurchase or redeem financial assets before their maturity. “The Board revisited its standards on tr
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FASB Issues Accounting Standards Update to Improve Financial Reporting of Repurchase Agreements
The GDL Fund to Redeem Its Outstanding 8.50% Series a Cumulative Callable Preferred Shares
RYE, N.Y.–(BUSINESS WIRE)–The Board of Trustees of The GDL Fund (NYSE: GDL) (the “Fund”) (formerly named The Gabelli Global Deal Fund) authorized the redemption of all (1,697,246 Shares) of its outstanding Series A Cumulative Callable Preferred Shares (the “Series A Preferred Shares”). The redemption date is May 31, 2011, and the redemption price is $50.7674 per Series A Preferred Share, which consists of $50.00 per Series A Preferred Share (the liquidation preference) plus accumulated and unp
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The GDL Fund to Redeem Its Outstanding 8.50% Series a Cumulative Callable Preferred Shares
The Rosen Law Firm Files Securities Class Action Against Gulf Resources, Inc. Seeking to Recover Investors’ Losses – GFRE
NEW YORK–(BUSINESS WIRE)–Rosen Law Firm files securities class action on behalf of purchasers of Gulf Resources, Inc. securities -GFRE
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The Rosen Law Firm Files Securities Class Action Against Gulf Resources, Inc. Seeking to Recover Investors’ Losses – GFRE
Teen Convicted In Near-Fatal Assault Says Doing Time Would Get In The Way Of A Trip To Europe
An Albany teen, convicted for his role in last June’s beating and robbery of a 31-year-old man near Washington Park, wasn’t very happy with his prison sentence—complaining to Judge Stephen Herrick that he’d planned to visit Europe as an exchange student, and doing time would preclude that from happening.
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Teen Convicted In Near-Fatal Assault Says Doing Time Would Get In The Way Of A Trip To Europe
The Boards of Directors of The Central Europe and Russia Fund, Inc., The European Equity Fund, Inc., and The New Germany Fund, Inc. Announce Annual…
NEW YORK–(BUSINESS WIRE)–The Boards of Directors of The Central Europe and Russia Fund, Inc. (NYSE: CEE), The European Equity Fund, Inc. (NYSE: EEA), and The New Germany Fund, Inc. (NYSE: GF) (each, a “Fund” and collectively, the “Funds”) announced that the Annual Meeting of Stockholders for each Fund will be held at 11:00 a.m., Eastern time on June 27, 2011 at the New York Marriott Eastside, 525 Lexington Avenue, New York, NY 10017. At the Meeting stockholders will consider the election of Di
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The Boards of Directors of The Central Europe and Russia Fund, Inc., The European Equity Fund, Inc., and The New Germany Fund, Inc. Announce Annual…
Crane Co. to Present at the 2011 FBR Energy & Industrials Conference
STAMFORD, Conn.–(BUSINESS WIRE)–Crane Co. (NYSE:CR) announced today that Andrew L. Krawitt, Vice President, Treasurer and Principal Financial Officer, will be speaking at the FBR Energy & Industrials Conference in New York City on Thursday, May 12, 2011 from 8:50 AM to 9:30 AM ET. A simultaneous audio webcast and presentation slides will be available on the Company’s web- site www.craneco.com. A replay will be available on the same website shortly after completion of the presentation. Cran
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Crane Co. to Present at the 2011 FBR Energy & Industrials Conference
