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Stock Market & Financial Investment News

News Breaks
June 12, 2013
06:20 EDTPNX, GNW, ALL, SLF, HIG, PRU, BRK.ANY regulator wants moratorium on "shadow insurance" practice, Reuters reports
The New York State Department of Financial Services called for a national moratorium on certain transactions by life insurance companies that potentially put policyholders and taxpayers at greater risk, according to a regulatory report, reports Reuters. The report said that insurance companies use a method known as "shadow insurance" to shift blocks of insurance policy claims to shell companies, often in states outside where the companies are based, or else offshore, to take advantage of looser reserve and regulatory requirements. Reference Link
News For A;HIG;GNW;PRU;SLF;PNX From The Last 14 Days
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January 30, 2015
10:00 EDTPRU, GNWOn The Fly: Analyst Initiation Summary
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07:05 EDTPRUPrudential initiated with a Buy at Jefferies
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January 29, 2015
16:13 EDTGNWGenworth initiated with a Buy at Jefferies
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07:26 EDTPRUIndependent Petroleum Association of America to hold a conference
Private Capital Conference is being held in Houston, Texas on January 29.
January 28, 2015
09:31 EDTSLFSun Life Financial acquires Ryan Labs Asset Management
Sun Life Investment Management and Ryan Labs Asset Management announced an agreement whereby Sun Life Financial will purchase Ryan Labs of New York City from the firm's current owners. The transaction is expected to close in the first quarter of 2015, subject to regulatory approval and customary closing conditions, and is not material to the results of Sun Life Financial. Ryan Labs has approximately $5.1B in assets under management for clients across the United States. Following completion of the transaction, the firm will operate as a unit of Sun Life Investment Management, which offers investment solutions to liability-based institutional investors. Sun Life Investment Management launched its third-party business in Canada in 2014, and the addition of Ryan Labs will extend its footprint in the U.S. Ryan Labs will retain its brand name and will maintain the location of its headquarters at 500 Fifth Avenue in New York City. Its operations will continue to be managed by its current team, headed by President, Sean McShea. McShea will report to Steve Peacher, President, Sun Life Investment Management and Chief Investment Officer, Sun Life Financial.
January 27, 2015
11:06 EDTAAgilent announces China FDA approval of SureScan Dx microarray scanner
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January 25, 2015
19:05 EDTHIGInsurance companies probed over rejected Hurricane Sandy claims, Bloomberg says
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January 22, 2015
05:57 EDTGNWGenworth implied volatility of 72 at upper end of index mean range

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