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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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April 23, 2014
10:01 EDTSLFOn The Fly: Analyst Initiation Summary
ANSYS (ANSS) initiated with an Outperform at William Blair... AuRico Gold (AUQ) reinstated with an Outperform at Credit Suisse... Ball Corp. (BLL) initiated with a Neutral at JPMorgan... Central Valley Community Bancorp (CVCY) initiated with an Outperform at Fig Partners... Crown Holdings (CCK) initiated with an Overweight at JPMorgan... EQT Midstream Partners (EQM) initiated with a Strong Buy at ISI Group... First Cash Financial (FCFS) initiated with an Overweight at HSBC... Galmed (GLMD) initiated with a Buy at Maxim... Harman (HAR) initiated with an Outperform at RBC Capital... Interval Leisure (IILG) initiated with an Outperform at Imperial Capital... Kroger (KR) initiated with a Market Perform at Wells Fargo... Manulife Financial (MFC) initiated with a Buy at UBS... ONEOK Partners (OKS) initiated with a Neutral at ISI Group... Occidental Petroleum (OXY) initiated with a Neutral at Global Hunter... Owens-Illinois (OI) initiated with a Neutral at JPMorgan... Sprouts Farmers Markets (SFM) initiated with an Outperform at Wells Fargo... Sun Life Financial (SLF) initiated with a Buy at UBS... Sysorex Global (SYRX) initiated with a Buy at Dougherty... TPG Specialty Lending (TSLX) initiated with a Neutral at Citigroup... UGI Corporation (UGI) initiated with an Equalweight at Barclays... WhiteWave Foods (WWAV) initiated with a Buy at Deutsche Bank... Williams Partners (WPZ) initiated with a Buy at ISI Group.
05:41 EDTSLFSun Life Financial initiated with a Buy at UBS
Price target C$41.
05:17 EDTGNWGenworth file prospectus for Australian IPO
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April 22, 2014
07:26 EDTPRUInformation Management Network to hold a conference
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April 16, 2014
08:56 EDTHIGThe Hartford, IBM announce six-year technology services agreement
The Hartford (HIG) and IBM (IBM) announced a new six-year technology services agreement to implement a new service model that includes a private cloud infrastructure. The Hartford will move to a private cloud-based infrastructure on IBM’s PureFlex System. Under the $500M agreement, IBM will also provide a number of other services related to mainframe, storage, backup and resiliency. The Hartford will define the services it requires, and IBM will be responsible for the solution and delivery of those services.
April 10, 2014
16:00 EDTAOptions Update; April 10, 2014
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