Stock Market & Financial Investment News

News Breaks January 16, 2013 07:00 EDT PRU Prudential downgraded to Neutral from Outperform at Macquarie Macquarie downgraded Prudential due to relative valuation. Price target is $62. News For PRU From The Last 14 Days Check below for free stories on PRU the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 17, 2013 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. June 13, 2013 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 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 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. Sign up for a free trial to see the rest of the stories you've been missing.