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Prudential Financial Inc

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  • Asian shares boosted by strong China trade data Monday, 13 Oct 2014 | 12:25 AM ET

    Many investors remain concerned that economic growth in Europe and Asia could be slowing. "There is a sense that... the U.S. maybe can't go it alone, that if global growth continues to weaken, the U.S. is not going to be able to sustained the kind of momentum we've been gaining since the first quarter," said Quincy Krosby, market strategist at Prudential Financial.

  • NEW YORK, Oct 9- U.S. stocks slid on Thursday, erasing the previous session's sharp rally, on lingering concern about the strength of the global economy and after a Federal Reserve official said market views on rate hikes are at odds with the central bank's. St. Louis Federal Reserve Bank President James Bullard said the disconnect between the market's view on the...

  • NEW YORK, Oct 8- U.S. stocks rose sharply in afternoon trading on Wednesday after minutes from the latest Federal Reserve meeting were perceived to be more supportive of equities than anticipated. "The minutes had a dovish slant in that they acknowledged a growth slowdown and the possibility of the dollar strength weighing on U.S. companies," said Quincy Krosby,...

  • WASHINGTON, Oct 6- The U.S. top financial risk council may tweak the way in which it identifies insurers and other companies that are not banks as systemically important, a process the industry and politicians have fiercely criticized. Insurer MetLife Inc on Friday said it would fight a plan by the FSOC to designate it as a so-called Systemically Important...

  • WASHINGTON, Oct 3- Insurer MetLife said on Friday it would fight a plan by the U.S. risk council to designate it as a firm whose demise could risk global finance, a tag that brings far greater regulatory scrutiny. The company had asked the Financial Stability Oversight Council to call a meeting at which it could give written and oral evidence of why it disagreed with...

  • WASHINGTON, Sept 30- The U.S. Insurers American International Group and Prudential Financial have already received this designation, and regulators are considering applying it to MetLife too.

  • *U.S. stocks near record levels, Europe lower. *Crude oil rises on possible OPEC supply cut. "The rumor is won't change the' considerable time' language," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey, referring to the Fed's previously stated timeline of when it will raise rates.

  • NEW YORK, Sept 16- U.S. stocks rose on Tuesday with the Dow Industrials hitting a record intraday high as markets reacted to wavering expectations over the language the Federal Reserve will use Wednesday to describe its next policy move.

  • *U.S. stocks near record levels, Europe lower. *Crude oil rises on possible OPEC supply cut. "The rumor is won't change the' considerable time' language," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey, referring to the Fed's previously stated timeline of when it will raise rates.

  • NEW YORK, Sept 12- The recent wobbly stretch in both stocks and bonds may persist for the short term if the U.S. "If investors feel the Fed is becoming more hawkish, that's actually a negative for all asset classes with the exception of the dollar," said Chris Gaffney, senior market strategist at EverBank Wealth Management in St. Louis, Missouri.

  • WASHINGTON, Sept 9- A top Federal Reserve official on Tuesday warned the biggest U.S. banks they will soon face capital surcharges that exceed international standards, a move he said could encourage some firms to shrink.

  • MetLife is the third insurer to be tapped for such a designation, which comes with heavy capital requirements and strict supervision by the Federal Reserve, comparable to that of the largest banks. MetLife said it was not ruling out "any of the available remedies" under the 2010 Dodd-Frank law to contest the designation.

  • MetLife is the third insurer to be tapped for such a designation as "systemically important," which comes with heavy capital requirements and strict supervision by the Federal Reserve comparable to that of the largest banks.

  • WASHINGTON, Sept 3- U.S. regulators on Wednesday adopted rules for banks to hold enough easy-to-sell assets to keep them afloat during a crunch, after many were caught short of cash during the 2007-09 financial crisis.

  • NEW YORK, Aug 29- U.S. stocks were slightly lower on Friday, with investors finding few reasons to extend a long-running rally, even as the latest economic data joined the trend of better-than-expected reports on the economy.

  • WASHINGTON, Aug 28- The U.S. systemic risk council will meet on Sept. 4 to discuss naming nonbank financial firms for tougher regulatory oversight, the U.S. Treasury Department said on Thursday.

  • *Wall St boosted by Home Depot results, housing data. NEW YORK, Aug 19- Wall Street got a lift from the U.S. housing sector and extended a global stock markets rally on Tuesday as investors shifted focus from political crises to expectations monetary policy will remain accommodative.

  • *Apple retakes triple-digit territory, hits $100. NEW YORK, Aug 19- U.S. stocks rose for a second straight session on Tuesday as upbeat housing market data and strong earnings from Dow industrials component Home Depot overshadowed lingering worry about the conflict in Ukraine.

  • Post-election committee leadership changes and growing momentum behind bipartisan fixes may lead to tweaks to the 2010 Dodd-Frank law for the smallest community banks, larger firms such as PNC Financial Services of Pittsburgh and Regions Financial of Birmingham, Alabama, and insurers, lobbyists and congressional staffers said.

  • NEW YORK, Aug 8- Investors once again are snapping up high-dividend-paying U.S. stocks as Treasury yields fall, which should keep utilities and telecom stocks near the top of the buying list for the near future.