Prudential Financial to reorganize U.S. businesses
Life insurer Prudential Financial Inc said on Thursday that it would reorganize its U.S. businesses, placing five units into three groups, each aligned with different customer needs. Prudential's three businesses will be called individual solutions, workplace solutions and investment management. The individual solutions unit, led by Lori Fouché, the current head of Prudential's annuity business, will include the annuities and individual life insurance businesses.
Featured Company News – CT Corp. and Prudential Financial Create Life Insurance Joint Venture in Indonesia
LONDON, UK / ACCESSWIRE / July 20, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Prudential Financial, Inc. (NYSE: PRU ), following which we have ...
Industrial projects key focus as PGIM Real Estate Finance generates $1.2 billion in transactions for first half of 2017
Posted on Jul 19, 2017 (2 days ago)
PGIM Real Estate Finance, long attracted to the industrial sector, has closed more than $1.2 billion in commercial mortgage loans within the sector through the first half of 2017 as e-commerce continues to drive industrial development.
ADDING MULTIMEDIA CT Corp and Prudential Financial, Inc., Create Life Insurance Joint Venture in Indonesia
Posted on Jul 18, 2017 (3 days ago)
CT Corp and U.S.-headquartered Prudential Financial, Inc. , have created a joint venture to provide life insurance solutions to a broad spectrum of people in Indonesia through a multi-channel distribution strategy, the companies announced today.
Prudential Financial enters Indonesian life insurance market
Posted on Jul 17, 2017 (3 days ago)
U.S.-based Prudential Financial Inc has entered the Indonesian life insurance market in a joint venture with a unit of CT Corp in Jakarta, the companies said on Tuesday. Prudential's Pruco Life Insurance Company unit has acquired a 49 percent stake in PT Asuransi Jiwa Mega Indonesia, the life insurance subsidiary of Indonesia-based CT Corp, the companies said in a statement.
Nathan Sheets joins PGIM Fixed Income as chief economist
Posted on Jul 17, 2017 (4 days ago)
Nathan Sheets has joined PGIM Fixed Income as chief economist and head of Global Macroeconomic Research. With $654 billion in assets under management as of March 31, 2017, PGIM Fixed Income is among the largest global fixed income managers.
Prudential Financial, Inc. Joins Hispanicize Texas as Flagship Sponsor of Inaugural Houston Event on July 29
Posted on Jul 11, 2017 (10 days ago)
HOUSTON, July 11, 2017-- Hispanicize Media Group announced today that Prudential Financial, Inc. is the Flagship Sponsor of Hispanicize Texas, a one-day event that takes place on Saturday, July 29, 2017, ...
Berkshire Hathaway Inc. (BRK.B) Stock Is Set for the Future With Oncor
Posted on Jul 7, 2017 (14 days ago)
The proposed Berkshire Hathaway Inc. (NYSE:BRK.A, NYSE:BRK.B) swoop to take Oncor Energy out of bankruptcy is precisely the kind of deal that makes Warren Buffett, well, Warren Buffett. It’s also why the later Buffett, like the later Bruce Springsteen, is as much The Boss as ever. Technically, it’s a bolt-on deal to Berkshire Hathaway Energy, a unit the company has been building through acquisitions since 2000 that is run by Greg Abel, considered a potential heir-apparent to Buffett.
MetLife seeks new delay in 'too big to fail' case to wait for Trump
Posted on Jul 6, 2017 (14 days ago)
MetLife Inc on Thursday asked for another delay in the long-running case over whether the U.S. government should have labeled it as "too big to fail," warning that the Trump administration may want to withdraw the government's appeal. A U.S. Appeals court in May granted a 60-day abeyance in the appeal filed by the administration of Democratic former President Barack Obama. Last year a U.S. district judge invalidated the government's designation of MetLife as "systemically important," a label signifying MetLife could devastate the financial system if it failed and triggering stricter oversight.
Fed posts banks' 'living wills,' gives AIG, Prudential more time
Posted on Jul 5, 2017 (15 days ago)
U.S. bank regulators disclosed on Wednesday how eight of the nation’s largest banks would wind themselves down in the face of collapse and gave American International Group Inc (AIG) (AIG.N) and Prudential Financial Inc (PRU.N) an extra year to submit their doomsday plans. The Federal Reserve and Federal Deposit Insurance Corporation (FDIC) posted the public portions of “living wills” submitted by banks including Bank of America Corp (BAC.N), JPMorgan Chase & Co (JPM.N) and Goldman Sachs Group Inc (GS.N). The Fed and the FDIC gave insurers AIG and Prudential Financial until the end of next year to submit their living wills from an original deadline of the end of 2017.
Skip Earnings Slider Exxon Mobil And Buy Stryker Instead
Posted on Jul 5, 2017 (16 days ago)
Sell Exxon Mobil and buy Stryker. Why? Companies that have had net income sliding downwards for two years are called Earnings Sliders. The companies are bad investments for the two years after they qualify, but are great investments thereafter.
Stocks Shrug Off Latest North Korean Missile Launch
Posted on Jul 5, 2017 (16 days ago)
Jul.05 -- Mark McCormick, head of FX strategy at TD Bank, and Greg Peters, fixed income senior investment officer at PGIM, discuss geopolitical risks and their impacting markets. They speak with Bloomberg's David Westin and Jonathan Ferro on "Bloomberg Daybreak: Americas."
Prudential releases sustainability report; details support for long-term success
Posted on Jun 30, 2017 (21 days ago)
Prudential Financial, Inc. , released its 2016 sustainability report, detailing how the company supports its four building blocks of long-term vitality: customer focus, responsible impact, talent focus and financial strength.