Dow Jones Industrial Average: hope is illusory, but remains

Dow Jones Industrial Average is still alive thanks to Altegrity

In brief: The insurance market has supported the stock trades in the U.S.. U.S. Stock Market and Dow Jones Industrial Average is alive thanks to good news from the insurers.

Dow is still alive. The insurance market has made the impossible, it has supported the Dow Jones Industrial Average. The main problem of the U.S. stock market today are problems in Europe, but the insurers saved the Dow Jones Industrial of the red zone abyss. Dow Jones is 9,926.61 points at the moment of time. It has lost -5.36 points (-0.05%) today.

The second-largest insurance broker Marsh & McLennan agreed to sell the unit Kroll for $ 1.13 billion, the Buyer will make the company Altegrity, managed by Michael Cherkasky, was formerly CEO Marsh & McLennan. The transaction is expected to be concluded before the end of September. This bad news came from the food sector. American food producers Lance announced plans to cut 2% of employees in order to reduce costs and increase profits. Thus, the company expects that cost reductions will bring it an additional $ 6 million in revenue.

Anrey Torbinski
2010-06-07 15:51, Economics.

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