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MasterCard Gains Wukesong Rights - Analyst Blog
Friday, January 7, 2011 - 2:03pm | 523In an effort to expand its international business, MasterCard Inc. (MA) has obtained the naming rights of Wukesong Arena in Beijing for a five-year period. Though the financial terms of the deal were not disclosed, it was decided that the arena will be re-named the MasterCard Center or Wanshida...
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MasterCard Gains Wukesong Rights - Analyst Blog
Friday, January 7, 2011 - 1:44pm | 523In an effort to expand its international business, MasterCard Inc. (MA) has obtained the naming rights of Wukesong Arena in Beijing for a five-year period. Though the financial terms of the deal were not disclosed, it was decided that the arena will be re-named the MasterCard Center or Wanshida...
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Deutsche Bank Gives 2011 Life Insurance Industry Outlook
Friday, January 7, 2011 - 8:32am | 225Deutsche Bank expect life insurers to focus more on how they can deploy capital and grow their businesses in 2011, as they are now done bolstering their capital positions. RBC ratios are at record levels, and managements are unlikely to let these ratios increase further, in our view. Investment...
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Prudential Offers Class Q Shares - Analyst Blog
Thursday, January 6, 2011 - 7:03pm | 350The mutual fund unit of Prudential Financial Inc. (PRU) announced yesterday the launch of Class Q shares for members of its group retirement plans. The newly introduced Class Q shares will not carry 12b-1 service fees, the annual marketing or distribution fees on a mutual fund along with a low...
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Prudential Offers Class Q Shares - Analyst Blog
Thursday, January 6, 2011 - 6:22pm | 350The mutual fund unit of Prudential Financial Inc. (PRU) announced yesterday the launch of Class Q shares for members of its group retirement plans. The newly introduced Class Q shares will not carry 12b-1 service fees, the annual marketing or distribution fees on a mutual fund along with a low...
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Credit Suisse Downgrades Principal Financial Group to Neutral (PFG)
Thursday, January 6, 2011 - 11:03am | 125Credit Suisse is out with a research report this morning, where it downgrades shares of Principal Financial Group (NYSE: PFG) to Neutral, from Outperform; it has a $35.00 price target on the stock. The CS analysts said that their downgrade was driven by: 1. “The stock's appropriate premium vs....
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RRD Wraps Up 8touches Acquisition - Analyst Blog
Wednesday, January 5, 2011 - 7:33pm | 660R.R. Donnelley & Sons Company (RRD) announced the acquisition of 8touches. Financial terms of the deal were not divulged. 8touches is an online provider of tools that enable real estate sales associates, brokers, Multiple Listing Service (MLS) associations and other marketers to create...
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RRD Wraps Up 8touches Acquisition - Analyst Blog
Wednesday, January 5, 2011 - 6:42pm | 660R.R. Donnelley & Sons Company (RRD) announced the acquisition of 8touches. Financial terms of the deal were not divulged. 8touches is an online provider of tools that enable real estate sales associates, brokers, Multiple Listing Service (MLS) associations and other marketers to create...
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Unconfirmed Rumors Circulate that MetLife, Inc. (MET) will acquire Protective Life Corp. (PL) at $39.00 a share
Wednesday, January 5, 2011 - 2:21pm | 30Unconfirmed Rumors Circulate that MetLife, Inc. (MET) will acquire Protective Life Corp. (PL) at $39.00 a share.
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MetLife Vends $1.5B Notes - Analyst Blog
Wednesday, January 5, 2011 - 12:33pm | 739On Tuesday, MetLife Inc. (MET) sold off three-part senior notes worth approximately $1.5 billion in the 144A private placement market. According to Reuters, MetLife Global Funding I vended off three-year floating-rate notes and three-year fixed-rate notes of $500 million each, along with five-...
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MetLife Vends $1.5B Notes - Analyst Blog
Wednesday, January 5, 2011 - 11:45am | 739On Tuesday, MetLife Inc. (MET) sold off three-part senior notes worth approximately $1.5 billion in the 144A private placement market. According to Reuters, MetLife Global Funding I vended off three-year floating-rate notes and three-year fixed-rate notes of $500 million each, along with five-...
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Mad Money Lightning Round: Cramer Likes NovaGold Resources (RLI, PRU, DSX, DNDN, MOTR, MCP, NG, KBR, FLR)
Wednesday, January 5, 2011 - 5:38am | 299On CNBC's Mad Money, Jim Cramer said during the Lightning Round that RLI Corp (NYSE: RLI) is “not a bad insurance company, but I still like Prudential (NYSE: PRU), even after its run-up." For Diana Shipping (NYSE: DSX), he said, "I still don't want to own companies levered to day rates on ships....
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Sun Life completes sale of reinsurance business to Berkshire Hathaway
Tuesday, January 4, 2011 - 11:33am | 50Sun Life Financial Inc. (NYSE: SLF) announced today that Sun Life Assurance Company of Canada completed the sale of its life reinsurance business to Berkshire Hathaway Life Co. of Nebraska on December 31, 2010. The agreement to sell the business was announced on October 27, 2010.
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J.P Morgan: Improving Business Trends To Drive Life Insurance
Tuesday, January 4, 2011 - 8:45am | 200J.P Morgan (NYSE: JPM) maintains a positive stance on the life insurance sector. Valuations are less enticing following strong performance in 2010, but overall fundamentals should continue to improve. It expects ROE expansion, upward revisions in EPS estimates, and a gradual recovery in sales/...
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Benzinga's Top ETF Gainers (REMX, FAS, DRN, UNG, CZM)
Monday, January 3, 2011 - 6:26pm | 257Market Vectors Rare Earth Strategic Metals ETF (NYSE: REMX) jumped 6.79%, and closed at $25.63. Molycorp, Inc. (NYSE: MCP) spiked 15.23% after Dahlman Rose increased price target for this company. Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS) traded 5.73% higher today, as Bank of America...