HONG KONG, Nov 7- U.S.-based Principal Financial Group Inc said on Friday it had agreed to buy French insurer AXA SA's Hong Kong retirement savings business for $335 million in what would be the city's first pension M&A deal in more than a decade. HSBC Plc and Manulife Financial Corp control nearly half of all retirement savings assets in Hong Kong, according to...
*Google, Apple, Amazon among those well positioned- KPMG. MONACO, June 27- Tech companies pose a growing threat to traditional asset managers and the financial services industry needs to up its game to meet the challenge, even though the hurdle of regulation is holding back rapid change, industry executives said.
Check out which companies are making headlines after the bell Thursday:
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Russell Wasendorf Jr., whose father went to prison for stealing $215 million from clients of the Peregrine Financial Group, has pleaded innocent and is attempting to start over.
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If you smoke, you might have to pay thousands extra for employee-based health insurance under Obamacare starting next year.
Check out which companies are making headlines after the bell Wednesday:
DES MOINES, Iowa-- Financial services company Principal Financial Group Inc. said Thursday that its profit more than doubled in the third quarter, lifted by a large gain from an investment sale. Net income for the July-through-September period was $179.7 million, or 60 cents per share, compared with $71.9 million, or 23 cents per share, a year earlier.
will be assuming about $32 billion in assets under management with its proposed acquisition of AFP Cuprum S.A., a leading pension manager in Chile. Rating Action On Oct. 9, 2012, Standard& Poor's Ratings Services affirmed its' BBB+' counterparty credit ratings on Iowa- based Principal Financial Group Inc. and Principal Financial Services Inc..
*Moody's affirms Principal Financial group's ratings; outlook to negative.
Oct 9- Fitch Ratings has placed the ratings of Principal Financial Group, Inc.. and its insurance company subsidiaries on Rating Watch Negative. The rating actions follows PFG's announcement that that it plans to acquire AFP Cuprum S.A., a Chilean pension manager, for $1.5 billion, subject to adjustments for pre-closing dividends.
Take a look at some of Tuesdays morning movers.
**ALCOA INC, Monday close $9.12, up 0.5 pct post-market. **YUM BRANDS, Monday close $66.94,. **CHEVRON CORP, Monday close $117.62.
DES MOINES, Iowa-- Principal Financial Group Inc. said Monday that it is buying AFP Cuprum S.A., a pension manager in Chile, for roughly $1.51 billion. Principal Financial said the deal will add to its existing business in Brazil, Chile and Mexico, to give the company an even larger presence in those emerging markets.
Oct 1- Provident Financial PLC:. *RBC raises Provident Financial Plc price target to 1,400 p from. Reuters Station users, click. 1580.
Oct 1-* Barclays raises Aflac Inc price target to $58 from $55; rating overweight. *Barclays raises The Hartford Financial Services Group Inc price. *Barclays raises Lincoln National Corp price target to $24 from $20;.
Employees enrolled in at-work wellness programs report reduced personal healthcare costs, according to a new study, and their employers, who are seeing higher productivity and attendance, are often happy to foot the bill.
What follows is a roundup of corporate earnings reports for Monday, May 2.
Stocks ended off the highs of the day as technology slumped, but a surprisingly strong jobs report gave a lift to the market as it ended higher for a second straight week. Caterpillar and GE rose, while Intel fell.