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Prudential Financial Inc

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  • March 2- Life and mortgage insurer Genworth Financial Inc said it identified "material weakness" in its control over financial reporting, due to which it failed to spot a $44 million after-tax calculation error. Genworth said it failed to correctly implement changes to one of its methodologies as part of its long-term care insurance claim reserves review...

  • Feb 11- United State's largest life insurer MetLife Inc reported a better-than-expected quarterly profit due to gains from investments and derivatives, reflecting falling interest rates and a rising dollar. MetLife reported net investment gains of $230 million in the fourth quarter ended Dec. 31, compared with a loss of $178 million a year earlier.

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  • *GoPro stumbles after results, COO resignation. NEW YORK, Feb 6- U.S. stocks were little changed in afternoon trading Friday as a rosy U.S. jobs report supported expectations of a rise in U.S. interest rates by mid-year, helping financial stocks that benefit from higher rates but hurting utilities. Simon Properties, a real estate investment trust, was down 3.7...

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  • Feb 4- Prudential Financial Inc reported a lower-than-expected quarterly adjusted profit as expenses rose and the life insurer booked losses stemming mainly from a weaker Japanese yen. Japan accounts for about a third of the company's international premiums. The insurer reported adjusted operating earnings of $2.12 per share for the fourth quarter ended...

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  • Prudential Financial's quarterly net loss widens Wednesday, 4 Feb 2015 | 4:24 PM ET

    Feb 4- Life insurer Prudential Financial Inc's quarterly net loss widened, due partly to losses related to the dollar's strength against the Japanese yen. The net loss from financial services businesses attributable to the company widened to $1.21 billion, or $2.69 per share, for the fourth quarter ended Dec. 31, from $427 million, or 94 cents per share, a year...

  • Stocks close up sharply, boosted by Greece and oil Monday, 2 Feb 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed sharply higher on encouraging news from the Eurozone and stronger oil prices.

  • US STOCKS-Wall St gains in choppy trading Thursday, 29 Jan 2015 | 2:18 PM ET

    *Alibaba shares tumble after results, Yahoo follows. NEW YORK, Jan 29- U.S. stocks were up in a volatile session on Thursday as oil futures pared their losses and strong job market data helped offset weak earnings reports from companies such as Alibaba and Qualcomm. Shares in Chinese internet giant Alibaba Group dropped 9 percent to $89.46 after revenue missed...

  • *Alibaba shares tumble after results, Yahoo follows. The decline took shares of Yahoo, which said earlier this week it will spin off its Alibaba stake, down 5.9 percent to $43.72. "Alibaba is growing more slowly than thought, and it's a stock a lot of people want to own," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.

  • NEW YORK, Jan 16- Next week may show whether U.S. stocks are finally undergoing a long-awaited correction or if a recent run of losses are just a bump on the road to more gains. This month, the benchmark index fell five sessions in a row, from Jan. 8 through Jan. 15, shedding more than 3 percent in the process. Oil prices have fallen in half in recent months, trading below $50 a...

  • WASHINGTON, Jan 13- MetLife Inc said it plans to sue U.S. regulators on Tuesday over a decision to subject the insurer to tougher oversight because it harbors enough risk to endanger the financial system in a crisis. "FSOC's designation of MetLife is premature," MetLife Chief Executive Officer Steve Kandarian said in a statement. "It is completely appropriate for...

  • WASHINGTON, Jan 13- MetLife said it would file on Tuesday a lawsuit against regulators subjecting it to tougher oversight, challenging their verdict the firm harbors enough risk to endanger the financial system in a crisis. The designation of MetLife as a so-called "systemically important" company would make insurance products more expensive without...

  • WASHINGTON, Jan 13- MetLife said it would file on Tuesday a lawsuit against regulators subjecting it to tougher oversight, challenging their verdict the firm harbors enough risk to bring down the financial system in a crisis. The designation of MetLife as a so-called "systemically important" company would make insurance products more expensive without...

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