International Business News - PRU 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 major insurance companies traded down Thursday, as reports surrounding American International Group Inc. spinning off bad assets circulated amid a big sell-off in the broader market. http://www.ibtimes.com/articles/20080904/sector-snap-insurance-stocks-down.htm Thu, 04 Sep 2008 13:41:29 EDT Among the stock activity stories for Tuesday, Sept. 2, from AP Financial News: NEW YORK (AP)--Shares of outsourcing company Convergys Corp. rose sharply Tuesday, after the company said it was evaluating plans to split off its information management business as a publicly traded company. http://www.ibtimes.com/articles/20080902/movers-roundup-convergys-bank-of-america.htm Tue, 02 Sep 2008 14:29:36 EDT Shares of Prudential Financial Inc. surged Tuesday as the insurance sector advanced after Hurricane Gustav passed through the Gulf of Mexico without inflicting massive damage--and the sky-high insurance claims that would have resulted. http://www.ibtimes.com/articles/20080902/prudential-shares-rise-along-with-insurance-stocks.htm Tue, 02 Sep 2008 18:03:43 EDT Britain's second largest bank, Royal Bank of Scotland Group PLC, announced the appointment of three new non-executive directors to its board on Wednesday, in the wake of its 802 million pound (around $1.5 billion) first-half loss on asset write-downs. http://www.ibtimes.com/articles/20080827/royal-bank-of-scotland-names-3-new-directors.htm Wed, 27 Aug 2008 09:29:57 EDT Shares of major insurance companies traded lower Monday, dragged down by bearish comments on American International Group Inc. and the fallout from Tropical Storm Fay. http://www.ibtimes.com/articles/20080825/sector-snap-insurance-stocks-fall-led-by-aig.htm Mon, 25 Aug 2008 12:20:02 EDT It took seven years, but Charles Ulrich did something many people dream about, but few succeed at: He beat the IRS in a tax dispute. Not only that, but tax experts say potentially millions of other taxpayers could benefit from his victory. http://www.ibtimes.com/data/articleimgs/115383-tax-fight-irs-loses.jpg http://www.ibtimes.com/articles/20080824/lone-accountant-takes-on-irs-and-wins.htm http://www.ibtimes.com/articles/20080824/lone-accountant-takes-on-irs-and-wins.htm Sun, 24 Aug 2008 17:41:48 EDT Shares of major insurance companies traded mostly down Wednesday, as investors appeared to be waiting out Tropical Storm Fay. Hundreds of homes in central Florida have been flooded by the storm, which forecasters had originally expected to energize over the ocean and possibly become a hurricane. But the storm's center remained just inland Wednesday, moving slowly. http://www.ibtimes.com/articles/20080820/sector-snap-insurance-stocks-mostly-down.htm Wed, 20 Aug 2008 14:22:00 EDT Prudential Financial Inc. said Tuesday that it expects to record a pretax charge of about $125 million in the third quarter related to its joint venture with Wachovia Corp. http://www.ibtimes.com/articles/20080812/prudential-financial-to-take-125m-charge-in-3q.htm Tue, 12 Aug 2008 19:43:49 EDT Shares of major insurance companies traded mostly lower Monday, as investors appeared to start a new week with uncertainty following fluctuating second-quarter earnings reports last week. http://www.ibtimes.com/articles/20080811/sector-snap-insurance-stocks-mostly-lower.htm Mon, 11 Aug 2008 14:43:25 EDT Among the stock activity stories for Friday, Aug. 8, from AP Financial News: NEW YORK (AP)--Shares of Merrill Lynch & Co. fell Friday afternoon as Moody's Investors Service cut ratings on some mortgage-backed securities it had issued and a day after the investment bank said it would buy back auction-rate securities. http://www.ibtimes.com/articles/20080808/movers-roundup-merrill-lynch-sara-lee.htm Fri, 08 Aug 2008 14:49:02 EDT Shares of insurer Prudential Financial Inc. reversed course Friday amid a climb in the broader insurance sector. Shares rose $1.51, or 2.1 percent, to $74.40 in afternoon trading, after closing down 19 cents Thursday at $72.89. The stock has ranged between $54.70 to $101.45 over the past year. http://www.ibtimes.com/articles/20080808/prudential-financial-shares-rise-with-sector.htm Fri, 08 Aug 2008 12:48:54 EDT Shares of major insurance companies traded up Friday, as investors ended a week of fluctuating second quarter earnings reports. Leading the way, bond insurer MBIA Inc. rose 72 cents, or 8.7 percent, to $9 after reporting on Friday that its second-quarter earnings rose because of unrealized gains on credit derivatives. http://www.ibtimes.com/articles/20080808/sector-snap-insurance-stocks-soar.htm Fri, 08 Aug 2008 12:33:40 EDT Among the stock activity stories for Thursday, Aug. 7, from AP Financial News: DENTON, Texas (AP)--Shares of beauty-supply retailer and distributor Sally Beauty Holdings Inc. jumped Thursday after the company's third-quarter earnings beat analyst expectations. http://www.ibtimes.com/articles/20080807/movers-roundup-sally-beauty-bank-of-america.htm Thu, 07 Aug 2008 18:07:50 EDT Shares of insurer Prudential Financial Inc. slipped Thursday amid a decline in the broader insurance sector. Shares fell 19 cents to close at $72.89. The stock has ranged from $54.70 to $101.45 over the past year. http://www.ibtimes.com/articles/20080807/prudential-financial-shares-slip.htm Thu, 07 Aug 2008 18:44:43 EDT Prudential Financial Inc. has agreed to settle charges that it improperly reported more than $200 million in income stemming from purported reinsurance contracts, the Securities and Exchange Commission said Wednesday. http://www.ibtimes.com/articles/20080806/prudential-financial-settles-with-sec.htm Wed, 06 Aug 2008 16:59:29 EDT After rallying earlier in the week, insurance company stocks traded mixed Friday despite word of bond insurer Ambac Financial Group Inc. settling one of its largest exposures to risky collateralized debt obligations. http://www.ibtimes.com/articles/20080801/sector-snap-insurance-stocks-trade-mixed.htm Fri, 01 Aug 2008 15:55:08 EDT Prudential PLC, Britain's second largest insurer, on Thursday reported a net loss of 475 million pounds ($941 million) for the first half of the year after the worst stock market falls since 2002 slashed the value of the company's investment holdings. http://www.ibtimes.com/articles/20080731/british-insurer-prudential-posts-large-1h-loss.htm Thu, 31 Jul 2008 14:28:52 EDT Prudential Financial Inc., an insurance and investment company, on Wednesday said profit from financial services fell 31 percent in the second quarter. http://www.ibtimes.com/articles/20080730/prudential-2q-profit-drops-31-percent.htm Wed, 30 Jul 2008 17:57:44 EDT Among the stock activity stories for Wednesday, July 30, from AP Financial News: NEW YORK (AP)--Shares of Morgan Stanley rose Wednesday afternoon after the Federal Reserve said it would extend and expand its emergency borrowing program for investment banks. http://www.ibtimes.com/articles/20080730/movers-roundup-morgan-stanley-lear.htm Wed, 30 Jul 2008 14:33:50 EDT Shares of Prudential Financial Inc. dipped Wednesday, ahead of the insurer's second-quarter report. Shares rose 33 cents to end at $66.68. Shares are down 27 percent for the year. http://www.ibtimes.com/articles/20080730/prudential-shares-dip-ahead-of-earnings-report.htm Wed, 30 Jul 2008 19:53:00 EDT