Word: premiums
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...Under heavy pressure from the state insurance commissioner and the Obama Administration, the company announced that it would delay a set of dramatic rate hikes. In the meantime, at the request of the commissioner, independent actuaries will review the company's books and investigate whether one-year premium increases of up to 39% are legal and justifiable. Surely they can't be, right...
...rates that ranged from $8 to $19.95 depending on trading volume and asset size. E*Trade, best known for its popular talking baby ads, joined the battle in early February when it trimmed equity-trading fees for low-volume investors to $9.99 from $12.99, although it still maintained a premium deal of $7.99 per trade for higher-volume customers. Scottrade stayed put, as it already offers flat $7 trading fees. (See the top 10 worst corporate name changes...
...Back in Greece, the economic news is being followed with obsessive intensity. Widows in black are chattering about "the spread" - the premium investors demand to buy Greek debt - while the country's unions are mustering their strength, hoping to show the government they will not accept pay and benefit cuts quietly. Thousands of public sector workers and their supporters took to the drizzly streets of Athens on Wednesday to protest the government's proposed austerity measures, which include a 10% cut on bonuses, which make up a large percentage of many state employees' total wages, and increases in the retirement...
...Vegas" sign. There is a collective swagger into Diddy's Vegas haunt, Vanity Nightclub, in which the artist formerly known as Puff Daddy appears to lick a fat stack of poker chips. Around the 2:40 mark Jadakiss raps an elegant ode to the eponymous beverage, "the best premium vodka ever," and we're sold. Kinda like Chester French. And just in case we forget the real headliner, there are plenty, plenty of glamor shots of the vodka bottle from pretty much every angle. "I'm a Ciroc star," D. A. croons, accent on the "Ciroc...
...after Carr dismissed an initial $16.3 billion approach from Kraft as "derisory." But when Kraft sweetened the terms of a deal - by raising the amount of cash it was offering alongside its own shares - it proved too difficult for Cadbury to resist. At $13.91 per Cadbury share, a 7% premium over Friday's closing price, the new deal is expected to win shareholders' backing before the deadline for approval expires in two weeks. Buoyed by that prospect, shares in Cadbury rose more than 3% in trading on Monday, to $13.70. (See pictures of what the world eats...