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Content about Financial economics

June 29, 2009

DAYTONA BEACH, Fla. — Two Brown & Brown subsidiaries have completed the acquisition of substantially all of the assets of Irving Weber Associates Inc.

With annualized revenues of approximately $4 million, Irving Weber specializes in insurance programs, primarily for the fabricare industry — comprised of drycleaners, linen supply, uniform rental and commercial laundry operations. Irving Weber also offers programs for other industries and has retail insurance agency operations.

May 13, 2009

A number of my employees have asked me whether they should continue to invest money in their 401(k) or IRA plans because of the current economy.

They’ve lost between 40% and 50% of the money that was in their accounts, they point out, and simply don’t feel like losing any more. I can see the pain in their eyes and hear the fear in their voices.

December 3, 2008

WILMINGTON, Mass. — UniFirst Corp. has declared regular quarterly cash dividends of $0.0375 per share on its common stock and $0.03 per share on its class B common stock.

Both dividends are payable Jan. 7, 2009, to shareholders of record on Dec. 10, 2008.

August 20, 2008

FALL RIVER, Mass. — American Dryer Corp. (ADC) has secured capital funding up to $300 million to allow the company to strategically acquire complementary businesses.

August 4, 2008

ST. LOUIS — Angelica Corp.’s shareholders have approved a merger agreement between Angelica and a company formed by Lehman Brothers Merchant Banking. The merger agreement was approved at a special meeting of shareholders of Angelica’s outstanding shares of common stock, with more than 99% of the shares voted cast in favor of the transaction.