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6 days ago

What’s News: Business & Finance

December 1, 2016

Valeants talks to sell a stomach-drug business to Japans Takeda for roughly $10 billion broke down amid last-minute disagreements over price and other matters.

OPEC representatives reached a deal to cut oil production after months of wrangling, in an effort to lift sagging prices.

Steel and iron-ore prices in China slid after exchanges there lowered the daily trading limit and raised margin requirements.

Chinas central government pledged to strengthen oversight of offshore investment by state-owned companies.

RBS must add around $2.5 billion in capital after failing a Bank of England stress test.

Growth in smartphone shipments ground to a near halt this year, according to research firm IDC.

A Morgan Stanley investment fund reduced the valuation of its holding in Indias Flipkart Internet by 38%.

Philip Morriss CEO said the tobacco giant could walk away from selling traditional cigarettes altogether someday.

GoPro said it would cut about 15% of its workforce and signaled it will pull back on attempts to diversify beyond its core action-camera offerings.

5 months ago

US stock indexes end strong week with tiny gains - Los Angeles Times

U.S. stock indexes marked their fourth consecutive gain Friday, an upbeat finish for a week that got off to a turbulent start as investors fretted about Britain's vote to leave the European Union.

In the days since the two-day market tumble ended on Tuesday, the U.S. stock market came close to regaining all the ground lost since the vote last week. It ended the week up 3%, its biggest weekly gain since November.

The main stock indexes in Europe posted even bigger gains this week, with British stocks recouping all their losses along the way.

At the same time, demand for U.S. Treasurys surged this week, driving bond prices sharply higher. That pulled down the yield on the

8 months ago

Stamford woman takes ownership of Troy Insurance - The Advocate

Allison Gagliardi, right, has acquired Stamford-based Troy Insurance from founder Paul Troy. Gagliardi is pictured with Kara Condlin, vice president. Photo: William Taufic Allison Gagliardi, right, has acquired Stamford-based Troy Insurance from founder Paul Troy. Gagliardi is pictured with Kara Condlin, vice president.

Photo: William Taufic

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Allison Gagliardi, right, has acquired Stamford-based Troy Insurance from founder Paul Troy. Gagliardi is pictured with Kara Condlin, vice president.

Allison Gagliardi, right, has acquired Stamford-based Troy Insurance from founder Paul Troy. Gagliardi is pictured with Kara Condlin, vice president.

Photo: William Taufic

Stamford woman takes ownership of Troy Insurance

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The founder of Troy Insurance has sold the business to longtime employee Allison Gagliardi, who plans to continue running the business in Stamford.

Paul Troy founded Troy Insurance in 1960, with the agency today selling property and casualty insurance for individuals and businesses, as well as life insurance and coverage for travel-related losses. Troy Insurance lists 16 carriers including Anthem, MetLife, Progressive and Travelers.

Gagliardi plans to retain the Troy Insurance brand but has updated its logo, tagline and website with assistance from Norwalk-based marketing agency TFI Envision.

In March, Gagliardi was named a director of the Professional Insurance Agents of Connecticut association. Her spouse is Jack Condlin, CEO of the Stamford Chamber of Commerce.

Alex.Soule@scni.com; 203-964-2236; www.twitter.com/casoulman

1 year ago

Want Great Ideas About Personal Finance? Look Here!

Our personal finances make up who we are and determine the life we live. Your finances are not something that should be taken lightly. You will be able to develop your own personal finance strategy, achieve your personal finance goals, and become more effective with your money, by following these valuable tips.

When using an ATM while traveling, make sure the bank itself is open. ATMs have an annoying tendency to eat cards. This can be a major inconvenience if your card is eaten at a bank that is hundreds of miles from home. You will more likely be able to retrieve your card if the bank is open.

1 year ago

Manage Your Finances With These Helpful Tips

One of the most difficult things for most adults is finding a way to effectively manage their finances and make sure that they can make all their ends meet. Unless you're earning a couple hundred thousand dollars a year, you've probably been in a situation where money is tight. The tips bellow will give you ways to manage your finances so that you're never again in a situation like that.

Going out to eat is one of the costliest budget busting blunders many people make. At a cost of roughly eight to ten dollars per meal it is nearly four times more expensive than preparing a meal for yourself at home. As such one of the easiest ways to save money is to stop eating out.

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