Check out which companies are making headlines after the bell Wednesday: Whole Foods, Yelp, Weight Watchers & more.» Read More
June 10- American International Group Inc said it named Peter Hancock as its new chief executive, effective Sept. 1. "As AIG enters a time of great change and opportunity, we are confident that Peter Hancock is uniquely qualified to lead the company and its employees to future success," AIG chairman Robert Miller said.
June 10- Insurer Metlife Inc said it would buy back up to $1 billion of its common stock, using existing authorizations from its board. Kandarian had said in July that Metlife is not a systemically important financial institution whose failure could pose a threat to United States' financial stability.
June 10- Insurer Metlife Inc said it would buy back up to $1 billion of its common stock. The company said it will use existing authorizations from its board for the share repurchase. Metlife last bought back its shares in 2008. The company has 1.13 billion shares outstanding, valued at $61.52 billion, according to Thomson Reuters data.
Take a look at some of Wednesday's midday movers: Coach, First Solar, Walgreen & more.
*Institute of International Finance meets in London June 4-6. LONDON, June 4- How far banks are along the path to rehabilitation will be thrown into sharp focus this week when politicians, central bankers and bank bosses gather in London- Europe's finance capital and also the site of many of the industry's ills.
NEW YORK, June 2- The rock-bottom yields on offer in the corporate bond market are putting pressure on investment returns for U.S. life insurers and driving them into riskier and less liquid investments such as private equity and infrastructure debt, insurers said.
The "Fast Money" traders share their final trades of the day.
JPMorgan Chase& Co, PepsiCo Inc, Cardinal Health Inc, Deere& Co and The United Services Automobile Association are among the Fortune 500 companies seeking chief information security officers and other security personnel to shore up their cyber defenses, according to people with knowledge of the matter.
PNC Financial Services Group Inc, PHH Corp, MetLife Inc, Santander Holdings USA Inc and Citizens Financial Group Inc, the U.S. unit of Royal Bank of Scotland, have all disclosed in filings with the Securities and Exchange Commission that they've received subpoenas.
Fortress Investment Group LLC is reportedly considering making a $4.7 billion bid for Stuyvesant Town-Peter Cooper Village.
May 13- Fortress Investment Group LLC is considering making a $4.7 billion bid for Stuyvesant Town-Peter Cooper Village, a Manhattan apartment complex, Bloomberg reported, citing a person familiar with the matter. MetLife sold the complex in 2007 for a record $5.4 billion to a group led by Tishman Speyer Properties LP and a real estate unit of BlackRock Inc..
A reverse mortgage start-up has raised about $230 million in a private offering, which sets the stage for a potential initial public offering.
*First-qtr operating earnings $2.40/ shr vs est $2.26. May 7- Prudential Financial Inc, the second-largest U.S. life insurer, reported a better-than-expected quarterly profit, driven by strong demand for its retirement services. Japan accounts for a third of the company's international premiums.
April 30- MetLife Inc, the largest U.S. life insurer, reported a 36 percent rise in net income, helped by a derivative gain linked to credit spreads, but operating earnings fell short of market expectations as claims increased.
Headlines after the bell Wednesday: Allergan, MetLife, Yelp
April 30- MetLife Inc, the largest U.S. life insurer, reported a 36 percent rise in quarterly earnings, helped by a derivative gain linked to credit spreads. Net profit rose to $1.30 billion, or $1.14 per share, for the first quarter ended March 31, from $956 million, or 87 cents per share, a year earlier.
Wall Street has its eye on the Federal Reserve's meeting, but a slew of data is likely to have more influence on stocks Wednesday.
*Exelon to buy Pepco Holdings. *Twitter, EBay shares down after results. *Twitter shares fell 13.8 percent premarket a day after it posted earnings that showed lackluster user and usage growth for the second consecutive quarter.
Investors will navigate a Fed meeting, an earnings flood, and significant economic data, but traders agree global tensions will continue to dominate the market.
KUALA LUMPUR, April 28- President Barack Obama watched over the signing of three business deals in Malaysia on Monday, using the opportunity to promote U.S. commercial expertise during a four-country swing through Asia.