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$RE said it has finalized sale of its U.S. crop managing general agent, Heartland Crop Insurance, to CGB Diversified Services for $49MM. $RE has entered into a strategic long term reinsurance relationship with CGB to provide quota share reinsurance capacity on combined crop insurance portfolio of Diversified/Heartland companies.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.