*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.
*U.S. factory data much weaker than expected. NEW YORK, Feb 3- U.S. stocks fell on Monday, adding to recent losses after data showed the factory sector in the world's largest economy expanded in January at its slowest pace in eight months. The CBOE volatility index jumped more than 9 percent to trade above 20 for the first time since early October.
BOSTON, Feb 3- Investors are paying hefty fees for mutual funds that bill themselves as actively managed but in large part are mimicking a benchmark stock index.
NEW YORK, Feb 3- Wall Street was poised to edge up on Monday, ahead of data on the housing and manufacturing sectors, after the S&P 500 closed its worst month since May 2012 on Friday. *Markit's final January reading on the factory sector is due at 8:58 a.m., followed by construction spending for December and ISM's manufacturing PMI for January at 10:00 a.m..
NEW YORK, Feb 3- U.S. stock index futures were little changed on Monday, ahead of data on the housing and manufacturing sectors, after the S&P 500 closed its worst month since May 2012 on Friday. While the focus was on countries with internal political and economic issues, like Ukraine, Turkey and Argentina, a run from risk hurt equities and commodities globally.
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.
The "Mad Money" host comments on viewers' favorite stocks!
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;.