TORONTO, Feb 13- The profits of Canadian life insurers grew in the fourth quarter, as higher returns from growing wealth management units offset uneven insurance sales, highlighting a shift in business as the companies cut risk in the wake of the financial crisis.
TORONTO, Feb 13- Manulife Financial Corp reported a 20 percent rise in fourth-quarter profit as stronger mutual fund sales and a C $350 million gain on the sale of its Taiwan insurance business offset weaker insurance sales, but results still fell short of estimates.
Citigroup has picked AIA as its partner in a deal that allows the insurer's products to be sold through the U.S. bank's network. The FT reports.
The investment bank highlights eight industry themes it describes as "creative destruction" - trends that make it necessary for companies to either "adapt or die."
Already cranky about the Fed, stock traders will be eyeing the Treasury's 10-year note auction Wednesday to see whether it helps drive interest rates higher.
More middle-age workers fear the financial consequences of a critical illness than fear dying from that illness, but few are preparing for that possibility, a survey finds.
Some of the names on the move ahead of the open.
*Debt crises in Europe and U.S. could hit markets. With debt crises in Europe and the United States pressuring stocks and threatening another severe market downturn, analysts say one or more of the insurers could cut profit targets when they start reporting results on Wednesday.
*TD Securities raises Sun Life Financial price target to C $28 from. *TD Securities raises Manulife Financial price target to C $15 from. *TD Securities raises Industrial Alliance price target to C $28 from.
A fresh round of concern over European debt combined with some downbeat news out of the technology sector to send U.S. stocks sharply lower Monday.
What follows is a roundup of corporate earnings reports for Wednesday, May 4.
A phony rally? This is why pros do not like the Dow: As of this writing, the Dow has moved 60 points in the past 45 minutes, it is now up 40 points for the day, but wait a minute: there are 2 stocks declining for every 1 advancing at the NYSE!
Eager to learn if the recent downturn is the start of a larger correction, investors are closely watching the action in bank stocks? Are they starting to crack?
When a company spends millions to put their company name on a major stadium, controversy often follows as the value of such an expenditure is difficult to track.
Every time a company buys naming rights to a stadium, their executives get challenged. Is this really a good deal? Why does it seem like companies who have put their name on stadiums face greater economic trouble than those who pass on the idea?
Hartford Financial Services Group is in talks to sell most of its life insurance unit to Canada's Sun Life Financial, according to the Wall Street Journal.
Following are the day’s biggest winners and losers. Find out why shares of Google and Campbell Soup popped while New York Times and Hess dropped.
Following are the day’s biggest winners and losers. Find out why shares of Microsoft and Staples popped while Mosaic and Beazer dropped.
If you ask him for directions, Andrew Pyle will point you north. The wealth adviser for Scotia MacLeod Group and the Armstrong Pyle Group sees major opportunities for U.S. investors in Canada.