NEW YORK (AP) - Title insurer LandAmerica Financial Group Inc. said Wednesday it will file for bankruptcy protection, while competitor Fidelity National Financial Inc. said it will acquire three of LandAmerica's subsidiaries.
NEW YORK (AP) - Standard and Poor's said Wednesday it will replace Philadelphia Consolidated Holding Corp. on two indexes as the insurance company is being acquired by Japanese insurer, Tokio Marine Holdings Inc.
(Reuters) - Title insurer LandAmerica Financial Group Inc said it has filed for bankruptcy protection and its bigger rival Fidelity National Financial Inc will buy two of its underwriting units.
TEL AVIV (MarketWatch) -- LandAmerica Financial Group Inc., the Richmond, Va., title insurer, said on Wednesday that it and a subsidiary filed to reorganize under Chapter 11 of U.S. bankruptcy law. LandAmerica said it filed the petitions in U.S. Bankruptcy Court in Richmond. The unit that filed is LandAmerica 1031 Exchange Services Inc.; no other LandAmerica businesses have filed under Chapter 11, LFG said. LandAmerica also agreed to sell its two main title-underwriting subsidiaries, Lawyers Title Insurance Corp. and Commonwealth Land Title Insurance Co., as well as United Capital Title
Last week there were several companies that cut or suspended their dividend payments. As part of my studies to uncover market inefficiencies pertaining to dividend stocks I am measuring the performance of those dividend suspenders or cutters. As part of my sample I am measuring stocks which trade at least several hundred thousand shares per day. I am also measuring the decline or advance based off the opening price for the day on which the dividend cut or suspension was announced. This would be the price at which an ordinary dividend investor could have traded stocks...
Market Analysis Commentary: Relative Price Volume Momentum Tracks scans the Russell 3000 components for stocks that are moving up or down on relatively strong surging volume. Such stocks may signal institutional buying or selling and have a tendency to continue further in their current market direction. From a contrarian perspective, buying and selling on extreme volume also has a tendency to produce short term reversals of a stock’s market direction on the following day of trading.
For traders with a more short-term time horizon, we have compiled a list of the S&P 1500 stocks that have the largest intraday high-low ranges (based on the average percent spread between the intraday high and low over the last fifty days). We then grouped the stocks based on whether they have a rising or falling 50-day moving average. Stocks highlighted in gray are new to the list this month.
As shown in the table, companies from the Financial sector dominate the...
The average US stock went up 0.34% on the first trading day following their earnings reports during the second quarter reporting period. That's a pretty good number considering the negative sentiment we saw leading up to earnings season. Now that Wal-Mart (WMT) has reported, marking the unofficial end of the earnings season, it's time to highlight the big winners and losers.
Below we highlight the stocks (currently trading above $10/share) that performed the best and worst on the first day in reaction to earnings. As shown, UAUA reacted...
The US title insurance industry is feeling the squeeze from the subprime mortgage meltdown and subsequent decline in housing prices.
Fitch Ratings says the industry’s risk-adjusted capital [RAC] position at year-end 2007, showed a significant decrease: the title industry’s RAC ratio is at its lowest since the RAC Model was first introduced in 1997.
Readers have suggested some additional tickers for me. Here they are:
General Electric (GE), Mircosoft (MSFT), Bristol-Meyers Squibb Co. (BMY), Boeing (BA), American National Insurance Co. (ANAT), Kansas City LIfe Ins. Co. (KCLI), and Deere & Co. (DE).
LandAmerica Financial Group (LFG) principally engages in
the title insurance business in the United States and internationally. Its
products and services facilitate the purchase, sale, transfer, and financing of
residential and commercial real estate. The company operates in three segments:
Title Operations, Lender Services, and Financial services.
Today?s CoStar Advisor email newsletter is reporting more bad news for the 1031 real estate industry that is already struggling due to the economy. The article noted that LandAmerica Financial ...
by Olivia Pulsinelli | Business Review Western Michigan LandAmerica will sell its principal title operations, Lawyers Title Insurance Corp. and Commonwealth Land Title Insurance Co, plus United ...
By Peter Galuszka Investors trapped in LandAmerica bankruptcy ? Hundreds of real estate investors are scrambling to recover their money from what were to be low risk and brief investments with ...
Hundreds of real estate investors are scrambling to recover cash after the collapse of LandAmerica Financial Group. Investments in the title-insurance company had once been seen as a short-term ...
By ALEX FRANGOS The collapse of title-insurance company LandAmerica Financial Group Inc. has left hundreds of real-estate investors scrambling to recover money in what was supposed to be a short ...
RISMEDIA, Dec. 1, 2008-Fidelity National Financial, Inc. announced the signing of a stock purchase agreement with LandAmerica Financial Group, Inc. (?LFG?) pursuant to which FNF will acquire LFG?s ...
BCSI reports on latest events arising in the chapter 11 cases commenced by Landamerica Financial Group Inc. (EMAILWIRE.COM, November 29, 2008 ) FAIRLESS HILLS, Pa. -- Nov. 29, 2008 -- Bankruptcy ...
There is new information on Richmond-based LandAmerica's bankruptcy filing CBS 6 News has learned the company has now canceled insurance coverage for retirees. A LandAmerica spokesman tells CBS 6 ...
The title insurance company cancelled the insurance benefits Monday night, two days before the holding company and a subsidiary filed for bankruptcy and announced the sale of three subsidiaries. A ...
By KEJAL VYAS Small-capitalization stocks rose Wednesday and the Russell 2000 marked the biggest four-day gain in its history as the more volatile names outperformed their larger peers in the run ...
NEW YORK (MarketWatch) -- U.S. financial stocks took back some early session losses and traded near unchanged Wednesday as Citigroup shares rose 14% on news of a fresh investment, this time from Mexican billionaire Carlos Slim.
SAN FRANCISCO (MarketWatch) -- LandAmerica Financial Group Inc., one of the biggest title insurers in the U.S., filed for bankruptcy protection Wednesday, becoming the latest victim of the mortgage-fueled credit crisis.
TEL AVIV (MarketWatch) -- LandAmerica Financial Group Inc., the Richmond, Va., title insurer, said on Wednesday that it and a subsidiary filed to reorganize under Chapter 11 of U.S. bankruptcy law. LandAmerica said it filed the petitions in U.S. Bankruptcy Court in Richmond. The unit that filed is LandAmerica 1031 Exchange Services Inc.; no other LandAmerica businesses have filed under Chapter 11, LFG said. LandAmerica also agreed to sell its two main title-underwriting subsidiaries, Lawyers Title Insurance Corp. and Commonwealth Land Title Insurance Co., as well as United Capital Title Insurance Co. to Fidelity National Financial Inc. for...
LandAmerica Financial shares plummet 88%, plunging into penny-stock status as Fidelity National decides against going ahead with an acquisition of the title-insurance rival.
NEW YORK (MarketWatch) -- Shares of real-estate financier LandAmerica Financial Group Inc. lost about 85% of their value, trading down $3.73 at 61 cents in early Monday action, after their merger agreement with Fidelity National Financial Inc. was terminated Friday. Commenting earlier on the collapse of the deal, LandAmerica Chairman and Chief Executive Officer Theodore Chandler said: "We are disappointed with Fidelity's decision. However, our attention remains focused on strengthening LandAmerica's business and exploring strategic alternatives during these incredibly difficult economic times." Shares of Fidelity rose over 4% in early Monday trade to $7.72.
Among the companies whose shares are seeing active trade in Monday's session are ArcelorMittal, Citi, Cooper Industries, Dillard’s, Exelixis, Fidelity National Financial, LandAmerica, Omrix and Target.
Citigroup shares jump more than 60% after a rescue agreement reached Sunday with federal officials, and investors also bid financial-sector shares broadly higher.
Stocks 
Hickey and Walters (
Here's our summary of articles and data points on the housing market. It's part of Seeking Alpha's 
