International Business News - PFG 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 Retirement fund and financial services company Principal Financial Group Inc. said is has launched an Islamic asset management business with CIMB Group of Malaysia. http://www.ibtimes.com/articles/20080717/principal-financial-partners-with-cimb-group.htm Thu, 17 Jul 2008 11:18:29 EDT Asset manager and insurer Principal Financial Group Inc. spent $870,000 in the first quarter lobbying on a raft of legislation related to retirement and health benefits, according to a recent disclosure report. http://www.ibtimes.com/articles/20080627/principal-financial-spent-870-000-lobbying-in-1q.htm Fri, 27 Jun 2008 16:58:08 EDT Leaders of a collaborative to raise private funds for flood and storm victims announced that they've secured pledges of nearly $3 million so far. Iowa's first lady Mari Culver was in Cedar Rapids on Thursday to help kick off the effort by the 2008 Iowa Disaster Collaborative. http://www.ibtimes.com/articles/20080627/nearly-3-million-raised-for-iowa-disaster-victims.htm Fri, 27 Jun 2008 13:09:21 EDT Retirement and financial services company Principal Financial Group Inc. has named a new senior vice president. Terry Lillis, vice president and chief financial officer for the company's retirement and investor services division, will assume his new position effective immediately, the company said Thursday. http://www.ibtimes.com/articles/20080523/principal-financial-names-senior-vice-president.htm Fri, 23 May 2008 11:40:56 EDT Among the earnings stories for Monday, May 5, from AP Financial News: NEW YORK (AP) _ Shares of STEC Inc. jumped to a 52-week high Monday after the memory chip maker posted strong first-quarter results and an outlook above Wall Street's expectations. http://www.ibtimes.com/articles/20080505/earnings-roundup-stec-principal-financial.htm Mon, 05 May 2008 18:40:59 EDT Cash is starting to flow out of money market accounts as interest rates on those accounts have tumbled along with the Federal Reserve Board's recent spate of cuts. http://www.ibtimes.com/articles/20080502/market-spotlight-money-market-funds-and-recent-rate-cuts.htm Fri, 02 May 2008 17:42:15 EDT Retirement and financial services company Principal Financial Group Inc. said Tuesday its chairman and chief executive will retire in December. J. Barry Griswell, 58, will leave the company on Dec. 31, the company said in a regulatory filing. http://www.ibtimes.com/articles/20080325/principal-ceo-retiring-in-december.htm Tue, 25 Mar 2008 12:07:34 EDT Principal Financial Group Inc.'s retiring chief executive, J. Barry Griswell, will also step down as chairman at the end of the year, according to a Securities and Exchange Commission filing on Tuesday. http://www.ibtimes.com/articles/20080325/principal-financial-chairman-to-retire.htm Tue, 25 Mar 2008 11:41:40 EDT Shares of most insurance companies rose in early morning trading Thursday as the broader markets posted slight gains. Shares of American International Group Inc. rose 95 cents, or 2.2 percent, to $43.13. http://www.ibtimes.com/articles/20080320/opening-glance-insurance-companies.htm Thu, 20 Mar 2008 10:03:39 EDT Shares of insurers mostly rose Wednesday morning as broader markets moved higher in early morning trading. How some major insurers were performing after the opening bell: http://www.ibtimes.com/articles/20080319/opening-glance-insurers.htm Wed, 19 Mar 2008 10:10:56 EDT Shares of most insurers fell Monday afternoon as the broader markets declined on worries surrounding the uncertainty in the credit markets. Insurers in the financial guaranty and bond insurance sectors fell the most. http://www.ibtimes.com/articles/20080317/sector-snap-insurers-fall.htm Mon, 17 Mar 2008 11:41:12 EDT Principal Financial Group Inc.'s life insurance business had $996.5 million of exposure to bond insurers and mortgage insurance companies at the end of 2007, according to a Securities and Exchange Commission filing Tuesday. http://www.ibtimes.com/articles/20080304/pfg-discloses-bond-insurer-exposure.htm Tue, 04 Mar 2008 14:11:58 EST Retirement fund and financial services company Principal Financial Group Inc. said Tuesday that President Larry D. Zimpleman will also serve as chief executive. http://www.ibtimes.com/articles/20080226/principal-financial-makes-zimpleman-ceo.htm Tue, 26 Feb 2008 18:12:11 EST Asset manager and insurer Principal Financial Group Inc. spent nearly $1.9 million in 2007 to lobbying on numerous issues including bills affecting retirement and taxes. http://www.ibtimes.com/articles/20080225/principal-financial-spent-1-9m-lobbying.htm Mon, 25 Feb 2008 13:41:02 EST A weak report on the service sector and continued concerns about the possibility of a recession sent the Standard & Poor's 500 index down sharply on Tuesday, with shares of NYSE Euronext Inc. recording the biggest decline on the index. http://www.ibtimes.com/articles/20080205/s-p-500-leaders-laggards-nyx-whr.htm Tue, 05 Feb 2008 17:17:35 EST Stocks that were moving substantially or trading heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080205/yum-nyse-euronext-among-big-movers.htm Tue, 05 Feb 2008 16:28:57 EST Among the stock activity stories for Tuesday, Feb. 5, from AP Financial News: NEW YORK (AP) _ Shares of Lithia Motors Inc. tumbled Tuesday on worries that the automotive retailer's profits could suffer as a result of a soft vehicle demand and heavy exposure to the U.S.-based automakers. http://www.ibtimes.com/articles/20080205/movers-roundup-lithia-motors-posco.htm Tue, 05 Feb 2008 14:27:07 EST Shares of Principal Financial Group Inc. hit a new 52-week low Tuesday after the retirement fund and financial services company reported a steep decline in fourth-quarter profit and said several items will affect its operating earnings in 2008. http://www.ibtimes.com/articles/20080205/principal-financial-group-shares-tumble.htm Tue, 05 Feb 2008 12:47:30 EST Retirement fund and financial services company Principal Financial Group Inc. said Monday that profit fell 87 percent in the fourth quarter as the turmoil in financial markets wiped $211 million off its investment portfolio, including $49 million in lost value to securities connected to the subprime market. http://www.ibtimes.com/articles/20080204/principal-financial-sees-4q-profits-drop.htm Mon, 04 Feb 2008 18:29:17 EST Shares of Principal Financial Group Inc. fell in Wednesday afternoon trading after Credit Suisse downgraded the stock to "Underperform" from "Neutral." http://www.ibtimes.com/articles/20080123/principal-financial-falls-on-downgrade.htm Wed, 23 Jan 2008 13:40:33 EST