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Senator places hold on bill over custody battle
New Jersey Senator Frank Lautenberg speaks during a news conference between Prudential Financial and Devils Arena Entertainment naming the Prudential Center as the new home of the New Jersey Devils on January 8, 2007 in Newark, New Jersey.
Wells Fargo to Pay $4.5 Billion Cash for Prudential's Minority Stake in Brokerage Joint Venture
Wells Fargo to Pay $4.5 Billion Cash for Prudential's Minority Stake in Brokerage Joint Venture Fran Lysiak NEWARK, N.J. Wells Fargo & Co.
Life Insurers May Lose $10 Billion on Commercial Real Estate, Moody's Says
U.S. life insurers, a group led by MetLife Inc. and Prudential Financial Inc. , may post $10 billion in losses tied to commercial real estate over the next three years, Moodya s Investors Service said.
Wall Street Breakfast: Must-Know News
Wells bids TARP farewell. Wells Fargo became the last major lender to exit TARP, announcing late Monday plans to repay its entire $25B in TARP loans through a $10.4B stock offering.
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M&A Navigator: Deal Pipeline - 11 Dec 2009
The following is a list of deals covered in detail by M&A Navigator this week: - HSBC KEEN TO BUY RBS ASSETS IN CHINA, INDIA, MALAYSIA UK banking group HSBC is determined to take the retail and small and medium enterprises operations of Royal Bank of Scotland in India, China and Malaysia.
PREI Signs United Nations Principles for Responsible Investment
Prudential Real Estate Investors has signed the United Nations-backed Principles for Responsible Investment, strengthening its commitment to incorporate environmental, social and governance criteria into its investment practices, while continuing to meet its obligations to provide favorable investment returns to investors.
Insurers poised for better 2010
Major insurance companies, some of which were all but left for dead at this time last year, have staged a dramatic rebound, shoring up capital and increasing profits as they look forward to 2010.
Prudential eyes merger and acquisition opportunities
John Strangfeld, CEO of Prudential, inside the company's Newark headquarters. Prudential Financial, which expects to receive an infusion of cash early next year, is studying the industry landscape for acquisition opportunities.
Prudential on track to raise billions from Wachovia Securities deal
Mark Grier, Prudential's vice chairman, gave Wall Street analysts and investors an update this morning on the company's intention to exercise a contract with Wells Fargo that could generate nearly $5 billion.
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M&A Navigator: Deal Pipeline - 10 Dec 2009
The following is a list of deals covered in detail by M&A Navigator this week: - HSBC KEEN TO BUY RBS ASSETS IN CHINA, INDIA, MALAYSIA UK banking group HSBC is determined to take the retail and small and medium enterprises operations of Royal Bank of Scotland in India, China and Malaysia.
Wells Still on Hook for Pru's 'Wachovia Put'
Wachovia 's debt to Prudential Financial could complicate Wells Fargo's TARP repayment plans and pressure its share price in the near term, according to comments by a Prudential executive on Thursday.
Wells Fargo & Co.'s efforts to repay U.S. bailout funds may be hindered by a $5 billion debt owed to Prudential Financial Inc.
MetLife Sees 2010 Operating Earnings up 50 Percent
The largest publicly traded U.S. life insurer said it expects full-year 2010 operating earnings to rise by about half to between $3.3 billion and $3.6 billion, or $4.00 to $4.40 a share.
Dollar Rally Sends Gold Down Most in Year, Limits Stock Rise on Jobs Data
The biggest rally in the U.S. dollar since January snuffed out an advance in commodities and limited gains in equities as an unexpected drop in the unemployment rate triggered bets the Federal Reserve will lift borrowing costs.
Commercial Real Estate Rears Its Ugly Head Again
As the world's economies slowly rise out of the worst recession in our lifetime, the 800-pound gorilla of commercial real estate lurks in the background, threatening to put a damper on any recovery.
A closer look at life insurers' approach to commercial mortgage lending
Despite recent chatter about renewed interest by certain life insurers in serving as a badly needed source of funding for commercial mortgage originations, a review of third-quarter statutory insurance data yields results that suggest the industry mostly remained on the sidelines in the oft-discussed asset class.
An Increase in Hourly Rates? Get Ready for a Fight
Last month, Susan Blount, the general counsel of Prudential Financial, sent a letter to the 60 law firms the insurance giant uses regularly.
Rattled Americans Value the Stability of Life Insurance
Feeling insecure about the future, Americans have a growing interest in financial products that offer guarantees, including life insurance, according to a report released by Prudential Financial, Inc.
Ethics institute guides future N.J. political and business leaders
What is perhaps the most compelling argument for the new Institute for Ethical Leadership at Rutgers University can be found approximately one mile south of the school's Newark campus.
Weak economy teaches some tough lessons
Investment market turmoil during the past year has offered several lessons for captive insurance company investors, not the least of which is not counting on investment market liquidity, one expert says.
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