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Stock Market & Financial Investment News

News Breaks
December 2, 2012
20:43 EDTMET, PRU, AIG, TMK, UNMNAIC approves valuation model for U.S. life insurers
The National Association of Insurance Commissioners, NAIC, voted to enhance consumer protections today with the adoption of the Valuation Manual. The manual contains details of a principles-based approach to establishing insurance company reserves. The manual was adopted by a supermajority of the membership during the Fall National Meeting. Reference Link
News For MET;PRU;AIG;TMK;UNM From The Last 14 Days
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October 21, 2014
14:09 EDTAIGThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
October 20, 2014
06:59 EDTUNMUnum Group upgraded at Raymond James
As previously reported, Raymond James upgraded Unum Group to Outperform from Market Perform. The firm upgraded shares based on relative valuation, strong cash flow, improved U.K business results, and solid core U.S. lines of business. Price target is $38.
06:42 EDTUNMUnum Group upgraded to Outperform from Market Perform at Raymond James
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06:38 EDTAIGAIG upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded AIG to Buy citing valuation following the recent pullback in shares. Deutsche believes concerns that Starr International could succeed in its trial against the U.S. Government are overblown. It raised its price target for AIG shares to $60 from $59.
October 17, 2014
08:14 EDTAIGAIG unlikely to be forced to indemnify government, says Bernstein
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October 16, 2014
07:11 EDTMETAIA, MetLife, others contemplate offers for NAB division, Bloomberg says
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October 15, 2014
08:31 EDTMETMetLife provides $150M agricultural mortgage loan to Amaggi Group
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October 14, 2014
08:04 EDTMET, PRU, TMKDeutsche sees favorable risk/rewards in Insurance space
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October 9, 2014
08:34 EDTMETMetLife, Panattoni to develop three new industrial parks for nearly $63M
MetLife will develop three new industrial distribution parks for nearly $63M in the Seattle area with the Panattoni Development Company, a privately held, national developer based in Newport Beach, Calif. The greenfield sites will add more than 900,000 square feet of high-quality warehouse space in the Seattle region. MetLife will be the majority owner and Panattoni will be the managing minority partner. The largest of the projects is the Des Moines Creek Business Park, which will comprise three buildings totaling 535,830 square feet on a 37-acre site. Construction of the three greenfield warehouse sites will create a total of 600 jobs. Construction is expected to be completed by mid-2015 for Steele and Tamarack, and by the end of 2015 for Des Moines.

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