- Merrill cuts Q3 eps estimate to $0.91 from $1.17 estimate given on 9/29.
- The firm is also lowering their FY08 estimate to $5.45 from $5.70 per share to account for the higher than expected cats.

Other headlines for [CB]

• ALL 1/6/2009 07:15am
  Allstate Corp Hearing ALL, AIG, XL, TRV, CNA, ACE cut to Market Perform from Outperform at Bernstein; CB cut to Underperform from Outperform
  
• 12/23/2008 10:08am
  FTC orders nine insurers to provide information about the effects of credit based insurance scores on consumers- FTC is studying the affordability of homeowner and auto insurance
  
• CB 12/15/2008 05:37pm
  Chubb Corp S&P raised credit rating to A+ from A; Outlook is Stable
  
• CB 12/4/2008 03:00pm
  Chubb Corp Authorizes 20M share buyback (5% of shares outstanding)
  
• CB 11/17/2008 05:57am
  Chubb Corp Barclays Cuts CB to Equal-weight from Overweight
  

Financials sector headlines

• CLMS Today 05:13pm
  Calamos Asset Management, Inc Announces it has cut 12% of workforce (about 40 jobs)
  
• LYG Today 04:45pm
  Lloyds TSB Group plc DoJ: Llyods TSB to pay $350M settlement over helping Iran and Sudan gain illegal banking access to US banking- the bank engaged in falsifying records that allowed access to countries that were more...
  
• EQR Today 04:10pm
  Equity Residential To take Q4 impairment charge of $0.39/shr due to reduced development activitiy, could implement more workforce reductions- The impairment charge is the difference between each parcels estimated fair more...
  
• GNW Today 04:05pm
  Genworth Financial Inc OTS: Application to be thrift holding company still pending
  
• IVZ Today 04:00pm
  Invesco Reports Dec AUM $357.2B v $348.0B m/m