Brown & Brown Acquired McNamara For Undisclosed Terms
(RTTNews) - Insurance brokerage firm Brown & Brown, Inc. (BRO) announced that it has acquired the assets of family-owned agency McNamara Co. for undisclosed terms.
McNamara services customers in all 50 states for four generations. The McNamara team will join the Brown & Brown office in Phoenix and report to Scott Jones, the leader of the Phoenix team.
read more
Fed Lowers Interest Rates By Quarter Point, Attentive To Risks To Both Sides Of Dual Mandate
After aggressively slashing interest rates by half a percentage point in September, the Federal Reserve on Thursday announced its widely expected decision to lower rates by another quarter point. The Fed said it has decided to lower the target range for the federal funds rate by 25 basis points to 4.50 to 4.75 percent.
RTTNews
|
6h 21min ago
U.S. Dollar Lower Ahead Of Fed Decision
The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as investors awaited the Federal Reserve's monetary policy announcement due shortly.
RTTNews
|
7h 8min ago
Swiss Market Ends On Firm Note
The Switzerland market closed on a firm note on Thursday, in line with markets across Europe, as investors picked up stocks, looking past concerns about Mid East tensions and any potential adverse geopolitical impact of Donald Trump's return to power as U.S. President.
RTTNews
|
7h 12min ago
European Stocks Close Lower As Investors React To Earnings, BoE Rate Decision
European stocks closed higher on Thursday as an interest rate cut by the Bank of England (BoE), and some encouraging earnings updates and economic data helped underpin sentiment. Investors looked ahead to the Federal Reserve's monetary policy announcement, due later in the day.
RTTNews
|
7h 28min ago
Canadian Market Extending Recent Gains
The Canadian market is up in positive territory a little past noon on Thursday, with stocks from technology and real estate sectors turning in a fine performance. Consumer discretionary, financials and materials stocks are also finding good support.
RTTNews
|
8h 25min ago
U.S. Wholesale Inventories Dip Slightly More Than Expected In September
The Commerce Department released a report on Thursday showing wholesale inventories in the U.S. fell by slightly more than expected in the month of September. The report said wholesale inventories slipped by 0.2 percent in September after rising by 0.2 percent in August. Economists had expected wholesale inventories to edge down by 0.1 percent.
RTTNews
|
10h 17min ago
U.S. Labor Productivity Surges 2.2% In Q3, Slightly Less Than Expected
Labor productivity in the U.S. increased by slightly less than expected in the third quarter, according to a report released by the Labor Department on Thursday, while unit labor costs rose by much more than expected. The Labor Department said labor productivity shot up by 2.2 percent in the third quarter after surging by a downwardly revised 2.1 percent in the second quarter.
RTTNews
|
10h 25min ago
U.S. Weekly Jobless Claims Rebound Modestly From Five-Month Low
A report released by the Labor Department on Thursday showed a modest rebound by first-time claims for U.S. unemployment benefits in the week ended November 2nd. The Labor Department said initial jobless claims crept up to 221,000, an increase of 3,000 from the previous week's revised level of 218,000. The uptick came a week after jobless claims dropped to their lowest level since May.
RTTNews
|
10h 29min ago
