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Political Stumble for AIG Unit Sale - Analyst Blog
Tuesday, August 31, 2010 - 12:51pm | 911Earlier today, Taiwanese regulators rejected American International Group Inc.’s (AIG) bid to sell its Taiwanese unit Nan Shan Life Insurance Co. to a Hong-Kong based consortium, according to Reuters. The $2.15 billion bid by the consortium, which comprises Primus Financial Holdings Ltd., a Chinese...
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Lincoln National Higher Again Today (LNC)
Tuesday, August 31, 2010 - 10:37am | 79Shares of Lincoln National Corporation (NYSE: LNC) are higher again today, jumping 37 cents to trade at $23.27. This comes just two days after it was reported that Lincoln National was the speculation of a takeover rumor. Adding fuel to the fire was Manulife Financial Corporation (NYSE: MFC)...
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Pitney Bowes to Manage MetLife Mail Services (PBI, MET)
Tuesday, August 31, 2010 - 9:34am | 99Pitney Bowes Management Services, a wholly owned subsidiary of Pitney Bowes Inc. (NYSE: PBI) has been retained by MetLife, Inc. (NYSE: MET) to manage mail services at 27 of the company’s locations throughout the U.S. “Pitney Bowes is proud and honored to have an opportunity to extend its...
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Lincoln Financial Closes Down On Strong Volume (LNC)
Monday, August 30, 2010 - 4:00pm | 50Shares of Lincoln National Corporation Co (NYSE: LNC) closed down 83 cents, for a loss of 3.9% after the company was subject to take over rumors on Friday. Volume was extremely strong today, having traded 6.3 million shares, more than 20% higher than normal daily volume.
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Manulife Financial Files $4 Billion Offering (MFC, LNC)
Monday, August 30, 2010 - 3:44pm | 141Manulife Financial Corporation (NYSE: MFC) just filed a $4 billion offering. Shares of Lincoln National Corp. (NYSE: LNC) are reversing course, starting to move significantly higher on this news as there is that rumor that Lincoln has been the subject of takeover rumors. On Friday, Benzinga...
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Manulife Filed $4 Billion Securities Shelf (MFC)
Monday, August 30, 2010 - 3:37pm | 23Manulife (NYSE: MFC) announced today that the company filed a four billion dollar securities shelf.
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Lincoln Financial Down On Light Volume After Takeover Rumors Spark Interest (LNC)
Monday, August 30, 2010 - 10:02am | 107Shares of Lincoln National Corp. (NYSE: LNC) are slightly pulling back this morning, losing 1.5%, just one day after gaining 10% on unconfirmed rumors it was subject to a takeover. The insurance company, based in Radnor, PA, gained more than $700 million in market cap on Friday. Lincoln is holding...
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Bond Traders Selling the News 08-27-2010
Friday, August 27, 2010 - 6:15pm | 819Cusick’s Corner Today we watched well positioned Bond traders (who were long before the Fed’s Quantitative Easing) take advantage of a “selling the news” opportunity in front of the weekend. We also watched the equity market bounce off some critical support levels, finishing on their highs of the...
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Lincoln National Corp. Moving On Takeover Rumors (LNC, MFC)
Friday, August 27, 2010 - 11:34am | 149Shares of Lincoln National Corp. (NYSE: LNC) are moving higher on takeover speculation. Benzinga reported earlier today that the company's Board has received a $32 per share offer from Manulife Financial Corp. (NYSE: MFC). At this point, the speculation cannot be confirmed. Lincoln National...
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Manulife Introduces New Products - Analyst Blog
Friday, August 27, 2010 - 9:36am | 337John Hancock Financial, a unit of Manulife Financial Corporation (MFC) has introduced two Lifecycle portfolios, enabling its investors to have a choice in asset allocation options to match their 401(k) needs. John Hancock's new Retirement Choices+ is made up of index funds and features a lower...
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GDP Next Big Number to Watch 08-26-2010
Thursday, August 26, 2010 - 6:59pm | 751Cusick's Corner Stocks did open higher today because the jobless report was not as bad as expected, but the market then ran into resistance and later stalled. The S&Ps settled below the technical and psychological support level of 1050 which could signal more volatility on the horizon. GDP is...
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Reverse Head & Shoulders Pattern 08-26-2010
Thursday, August 26, 2010 - 2:55pm | 808Cusick’s Corner The day started with an opening pullback and now it’s a slow grind. The market is trading around the technical and psychological support level of 1050 on the S&Ps, plus there’s a notable bullish technical pattern, a reverse head and shoulders looking to form in the ETF SPY. Now...
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Manulife to Restructure its Funds - Analyst Blog
Thursday, August 26, 2010 - 9:09am | 764To streamline and augment its fund offering, Manulife Mutual Funds, a division of Manulife Asset Management Limited, in turn a unit of Manulife Financial Corporation (MFC), decided on mergers and closures of several funds in October/November 2010. The decision to streamline the fund mandates...
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Credit Suisse Downgrades LFC To Neutral
Thursday, August 26, 2010 - 6:18am | 44Analysts at Credit Suisse downgrade China Life Insurance Company Ltd (NYSE: LFC) from "outperform" to "neutral." LFC’s shares fell 2.69% to close at $61.25 yesterday. More Analyst Ratings here
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Mad Money Lightning – Cramer Speaks Out! (HIG, BEXP, CVX, PRU, SD, WTW, YHOO)
Friday, August 20, 2010 - 8:56am | 307On Thursday’s < a href=” http://www.cnbc.com/id/38771410”>Mad Money Lightning, Jim Cramer had a lot to say about what’s hot and what’s not! Brigham Exploration (NASDAQ: BEXP) was assigned a “don’t buy.” BEXP was at $16 after hours. Chevron (NYSE: CVX) is a “go.” CVX was at $75.84 after hours...