International Business News - MET http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of insurance companies fluctuated Friday afternoon as the broader market fell and XL Capital Ltd. became the latest insurer to disclose third-quarter losses. http://www.ibtimes.com/articles/20081010/sector-snap-insurance-companies-fluctuate.htm Fri, 10 Oct 2008 11:25:23 EDT If the recent need for cash at three of the nation's largest insurers is any sign, third-quarter earnings reports from the sector are likely to show profit declines and losses driven by credit-related investments. http://www.ibtimes.com/articles/20081009/insurers-expected-to-show-big-3q-profit-declines.htm Thu, 09 Oct 2008 16:21:37 EDT Shares of Principal Financial Group Inc. hit an all-time low Thursday, joining other insurance stocks in a downward slide as investors worried about the impact of broader economic problems on the sector. http://www.ibtimes.com/articles/20081009/principal-financial-slumps-with-insurance-sector.htm Thu, 09 Oct 2008 15:54:37 EDT Shares of insurance companies fluctuated Thursday afternoon as investors' fears grew that the cash woes of conglomerate American International Group Inc. are worse than originally thought. http://www.ibtimes.com/articles/20081009/sector-snap-insurance-companies-fluctuate.htm Thu, 09 Oct 2008 13:45:20 EDT New applications for unemployment benefits dropped last week from a seven-year high, the Labor Department said Thursday, though they remain at elevated levels that indicate recession. http://www.ibtimes.com/articles/20081009/jobless-claims-drop-from-7-year-high.htm Thu, 09 Oct 2008 10:04:04 EDT MetLife Inc. priced a public stock offering at $26.50 per share as part of a plan to shore up its capital base as it expects third-quarter results to be hurt by ongoing volatility in the financial markets. http://www.ibtimes.com/articles/20081009/ahead-of-the-bell-metlife-offering-prices.htm Thu, 09 Oct 2008 08:06:40 EDT Government data to be released Thursday is expected to show that the number of new unemployment benefit claims filed last week remains at recessionary levels. http://www.ibtimes.com/articles/20081009/ahead-of-the-bell-drop-in-jobless-claims-expected.htm Thu, 09 Oct 2008 06:08:40 EDT Life insurance company MetLife Inc. said Wednesday evening that it expects a public offering of 75 million shares to yield about $2 billion in capital for the company. The offering will be priced at $26.50 per share. http://www.ibtimes.com/articles/20081008/metlife-prices-public-offering-at-26-50-per-share.htm Wed, 08 Oct 2008 20:16:22 EDT Shares of insurance companies remained mixed Wednesday afternoon as investors fears grew that insurers may need to raise capital to avoid damaging downgrades from rating agencies. http://www.ibtimes.com/articles/20081008/sector-snap-insurance-companies-mixed.htm Wed, 08 Oct 2008 14:42:22 EDT Among the earnings projection stories for Wednesday, Oct. 8, from AP Financial News: BOSTON (AP)--Data storage and protection company Iron Mountain Inc. on Wednesday offered 2009 revenue guidance below analyst expectations. http://www.ibtimes.com/articles/20081008/outlook-roundup-iron-mountain-metlife.htm Wed, 08 Oct 2008 14:37:25 EDT Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20081008/monsanto-alcoa-metlife-rim-among-big-movers.htm Wed, 08 Oct 2008 17:34:58 EDT U.S. life insurance company MetLife Inc. said it will cut an unspecified number of jobs by year-end and announced plans to sell common stock to bolster its capital amid rising losses on investments. http://www.ibtimes.com/articles/20081008/metlife-trims-3q-outlook-plans-job-cuts.htm Wed, 08 Oct 2008 19:40:35 EDT Metlife Inc. said Tuesday it plans to sell 75 million shares of its common stock in a public offering. The insurer said the offering will boost its capital position and will be used for general business purposes and "potential strategic initiatives." http://www.ibtimes.com/articles/20081007/metlife-says-will-offer-75m-shares-of-common-stock.htm Tue, 07 Oct 2008 21:48:26 EDT MetLife Inc. said Tuesday its third-quarter results will be marked by a drop in investment income and fee revenue amid the downturn in world financial markets. http://www.ibtimes.com/articles/20081007/metlife-says-3q-trimmed-by-market-downturn.htm Tue, 07 Oct 2008 21:32:44 EDT Reinsurance Group of America Inc. on Monday said its board authorized a plan to convert its outstanding shares of Class B common stock into Class A common shares on a 1-to-1 basis. http://www.ibtimes.com/articles/20081006/reinsurance-group-board-oks-plan-to-convert-stock.htm Mon, 06 Oct 2008 18:35:51 EDT Shares of insurance companies mostly tumbled Monday afternoon along with the broader market as investors fears grew that the ongoing credit crisis will dampen economies globally. http://www.ibtimes.com/articles/20081006/sector-snap-insurance-companies-tumble.htm Mon, 06 Oct 2008 15:36:28 EDT Consumers are growing more satisfied with their auto insurance, but not so with their homeowners insurance, a survey by J.D. Powers and Associates shows. http://www.ibtimes.com/articles/20081006/satisfaction-gap-with-home-car-insurance-widens.htm Mon, 06 Oct 2008 14:10:25 EDT Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20081003/wachovia-citigroup-aig-among-big-movers.htm Fri, 03 Oct 2008 18:53:20 EDT Shares of major insurers advanced Friday upon the Congressional approval for a major bailout of the financial sector and news American International Group Inc. plans to sell off a number of business units to pay off its government loan. http://www.ibtimes.com/articles/20081003/insurers-higher-on-aig-rescue-plan-vote.htm Fri, 03 Oct 2008 13:39:24 EDT Shares of insurers mostly rose Friday recovering some lost ground from the day before when the market questioned House passage of the economic bailout plan and comments by a Congressional leader raised concerns of an insurance company bankruptcy. http://www.ibtimes.com/articles/20081003/sector-snap-insurance-sector-rallies.htm Fri, 03 Oct 2008 13:15:31 EDT