Stock Market & Financial Investment News

News Breaks November 2, 2012 09:00 EDT PRU, GM Prudential completes pension transfer agreement with General Motors The Prudential Insurance Company of America, a Prudential Financial company (PRU), announced the completion of the transfer of retiree pension benefit obligations for approximately 110,000 salaried General Motors (GM) salaried retirees to Prudential. Under the terms of the agreement, Prudential has received approximately $25B in premium from the General Motors Retirement Program for Salaried Employees for the purchase of a group annuity contract. Effective January 1, 2013, Prudential will begin administering payments to these retirees. News For PRU;GM From The Last 14 Days Check below for free stories on PRU;GM the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. 1 | 2 | 3 | all recent news | >> June 19, 2013 13:30 EDT GM General Motors ranks atop new vehicle survey, Automotive News says Subscribe for More Information 07:23 EDT GM GM to expand Cadillac retail network in China, Reuters reports Subscribe for More Information June 18, 2013 07:13 EDT GM European car sales at 20 year low, Bloomberg reports European car sales fell to a two decade low in May as rising joblessness caused by a recession in the euro region reduced demand at Peugeot (PEUGY), Renault and GM (GM), reports Bloomberg.Reference Link 06:01 EDT GM On the Fly: Periodicals Wrap-Up Subscribe for More Information June 17, 2013 14:05 EDT GM GM may benefit from lease expirations this year, Automotive News says Subscribe for More Information 11:10 EDT GM Sierra Wireless is likely beneficiary General Motors vehicle connectivity, says Avondale Subscribe for More Information 09:11 EDT PRU Prudential JV agrees to acquire phase one of Saadiyat Beach Residences Mubadala Pramerica Real Estate Investors, a 50/50 joint venture between Mubadala Development Company and Prudential Real Estate Investors, signed an agreement with Tourism Development & Investment Company of Abu Dhabi for the acquisition of Phase One of Saadiyat Beach Residences. The completed project will include a total of 495 units in six low-rise apartment buildings situated in a private, gated community. Phase One of the development consists of 285 units over three separate five-story buildings. Under terms of the acquisition, the property is subject to a five-year leaseback to TDIC, in which the company will manage leasing the residences on behalf of MPREI. Phase One, which was launched in the fourth quarter of 2012, is currently 80% leased. 06:07 EDT GM States push automakers to sell no-emission cars, Bloomberg reports Subscribe for More Information June 15, 2013 16:05 EDT GM General Motors recalling more than 193,652 SUVs on fire risk, AP says Subscribe for More Information June 13, 2013 08:03 EDT GM GM denies it will produce Chevrolet Cruze in Poland, Reuters reports Subscribe for More Information 07:10 EDT PRU Prudential to host investor day Subscribe for More Information June 12, 2013 10:14 EDT PRU On the Fly: Downgrade Summary Subscribe for More Information 07:23 EDT GM Electric car makers cut prices to catch Toyota, Globe and Mail reports Subscribe for More Information 07:09 EDT GM Toyota shifts to qualtiy from expansion, Reuters reports Toyota Motor (TM) said it’s unlikely to recapture its peak market share it held four years ago in the U.S. (GM, F), its biggest market, the latest sign the car maker is shifting to improving quality from aggressively expanding sales, reports Reuters.Reference Link 06:45 EDT PRU Prudential downgraded to Outperform from Top Pick at RBC Capital Subscribe for More Information 06:20 EDT PRU NY regulator wants moratorium on "shadow insurance" practice, Reuters reports Subscribe for More Information 06:05 EDT GM On the Fly: Periodicals Wrap-Up WALL STREET JOURNAL: The tectonic plates of the world economy are shifting, moving the yield on the 10-year Treasury to the highest level in more than a year and shaking financial markets. Now, some constants are being questioned in markets, triggering paroxysms in stocks, bonds, commodities and the currencies of emerging markets, the Wall Street Journal reports...Drugstores (CVS, RAD, WAG) are preparing to change how they stock and sell a widely used emergency contraceptive after the Obama administration agreed to allow the pill to be sold over the counter to customers of all ages. Sold primarily under the brand name Plan B (TEVA, ACT, PRGO), the pill is currently stocked behind pharmacy counters, the Wall Street Journal reports...REUTERS: If currency turbulence in emerging markets becomes a full-scale investor flight, the Fed may have a new headache in deciding when to slow its dollar printing policy. The link between U.S. monetary policy and currency runs on the other side of the world could be tighter than many assume, Reuters reports...Toyota Motor (TM) said it’s unlikely to recapture its peak market share it held four years ago in the U.S. (GM, F), its biggest market, the latest sign the carmaker is shifting to improving quality from aggressively expanding sales, Reuters reports...BLOOMBERG: Exchange executives (NYX, NDAQ), long shielded from legal scrutiny in the U.S., have been put on notice that may be changing after federal regulators fined CBOE Holdings (CBOE) $6M for unprecedented lapses in supervision, Bloomberg reports...Borealis Infrastructure Management and its Kuwaiti-British partners abandoned their $8.3B bid for the U.K. water utility Severn Trent (SVTRY) as the offer deadline expired, Bloomberg reports. June 11, 2013 16:10 EDT PRU Prudential board authorizes share repurchases Prudential Financial announced that its board has authorized the repurchase of up to $1B of its outstanding common stock during the period from July 1 through June 30, 2014. In June 2012, the Board authorized the repurchase of up to $1B of its outstanding common stock through June 30. The company has repurchased approximately $150M of its common stock through March 31 under that authorization. Management will determine the timing and amount of any share repurchases under the share repurchase authorizations based on market conditions and other considerations. 14:43 EDT GM General Motors volatility flat into 2013 Global Business Conference Call General Motors June call option implied volatility is at 31, July is at 26, September is at 27; compared to its 26-week average of 30 according to Track Data, suggesting non-directional price movement into a 2013 Global Business Conference Call on June 12. 14:14 EDT GM General Motors to host conference call Subscribe for More Information 1 | 2 | 3 | all recent news | >> Sign up for a free trial to see the rest of the stories you've been missing.