Prudential
| 8:00AM 11/10/2010
Both Allstate and Prudential, the two largest publicly traded insurers, have announced plans to return cash to shareholders.
| 6:20AM 9/30/2010
As expected, American International Group (AIG) said Thursday it will sell AIG Star Life Insurance and AIG Edison Life Insurance in Japan to Prudential Financial (PRU) for $4.8 billion. The deal marks yet another step in the bailed-out insurer's efforts to repay the U.S. taxpayer.
The total...
| 11:53AM 9/28/2010
AIG's successful run of getting lawsuits against it dismissed has ended. On Monday, U.S. District Judge Laura Taylor Swain gave the green light to a securities fraud class action case regarding AIGs credit default swap portfolio and its actions in the subprime mortgage market.
| 6:00AM 9/15/2010
Insurers are asking Labor and Treasury department officials to make it easier for employers to include annuities in their retirement plans, because Americans are outliving their savings. The two-day hearing in Washington continues today.
The insurers want the government to extend and clarify...
| 11:30AM 8/30/2010
In Monday's legal news, Prudential is being investigated for the way it handles death benefits to soldiers' families and a U.S. district judge continues his efforts on behalf of 9/11 workers by rejecting their lawyers' requests for additional fees.
| 3:00AM 7/30/2010
The New York attorney general's office has launched what it's calling a "major fraud investigation" into whether life insurance companies are putting clients' money into potentially risky accounts to earn higher interest for themselves.
| 7:00AM 3/31/2010
Thanks to the financial crisis, 401(k) investors have changed strategies, moving in and out of stocks, raising their bond holdings and making more use of investor tools.
| 6:00AM 1/09/2010
Much of the $1.3 trillion investors lost in the recession may never come back. To make sure it doesn't happen again, Congress is likely to put legislation to encourage people to invest in guaranteed retirement income vehicles on the front-burner. Annuities might be an option, but not everyone is a fan.
| 9:10AM 11/24/2009
Hewlett-Packard (HPQ) reported quarterly results Monday after the bell. There were few surprises, because the company had pre-announced them last week when it acquired 3Com, so the 14% profit rise boosted by China sales and better profit margins was mostly expected. However, H-P also announced it...
| 2:00PM 11/21/2009
If you've checked the balance on your 401(k) lately, you're likely breathing a mini sign of relief as the Dow's bounce back above 10,000 helps replenish some losses suffered during the recession.
But as stocks remain volatile and the recession hampers retirement planning for millions, we sought...