Progressive Following on White Mountains Insurance Group Ltd.

0 Comments | M2 Presswire, January, 2008

M2 PRESSWIRE-7 January 2008-The SI Report: Progressive Following on White Mountains Insurance Group Ltd(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:07012008

Stocks lost ground Friday following the government's much anticipated report on the country's employment outlook which stated a weaker-than-expected job growth and a definite rise in the unemployment rate. The jobless rate hit a 2-year high at 5 percent only to further add fuel to recession fears. The report went on to say that the reasons for the deteriorating employment conditions were due to a housing slump and a credit crunch adding to further draining the strength of the economy.

White Mountains Insurance Group Ltd (NYSE:WTM) traded down $5.48 late Monday morning, with below-average...