Highlights
A collection of news and information related to MetLife Incorporated published by Tribune Company sources.
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Two Promoted At Quinnipiac University
ACADEMIC • At Quinnipiac University, Hamden, Mark R. Ludovico of North Haven was promoted to director of web communications and Matthew Romeo of Prospect, an adjunct professor for the School of Business, was named director of university...Tags: Corporate Officers, East Haven, Wethersfield, North Haven, Orange (New Haven, Connecticut)
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Insurance
Hartford Financial Services Group Inc., the insurer that lost half its market value this month, "remains solid," Connecticut Insurance Commissioner Thomas Sullivan told the company's customers. The Connecticut Insurance Department said it had received...Tags: Hartford (Hartford, Connecticut), Hartford Financial Services Group Incorporated, Insurance, Marketing, Connecticut
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Insurers could be the next sector hit
New York Times News ServiceMonths after the stocks of big Wall Street financial firms first came under attack, insurance companies are now being battered, suggesting that a similar round of consolidation and recapitalization may be in store for that industry. Insurance stocks have...Tags: Financial and Business Services, Stock Market, Insurance, Prudential Financial Incorporated, Federal Reserve
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The Hartford: Insurer 'Remains Solid,' Commissioner Says
Connecticut's insurance commissioner said Thursday that The Hartford "remains solid" despite its plummeting stock price. The stock has lost half of its market value this month. "The Hartford Group's financial strength remains solid and will continue...Tags: Hartford (Hartford, Connecticut), Insurance, Allianz AG Holding, The Hartford Financial Services Group Incorporated, Connecticut
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Jobless claims drop from seven-year high
From the Associated PressNew applications for unemployment benefits dropped last week from a seven-year high, the Labor Department said Thursday, although claims remain at elevated levels that indicate recession. And new job cuts announced after the report was released...Tags: Lake Forest, Micron Technology Incorporated, Tennessee, Computer Hardware, North Carolina
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MetLife Layoffs Might Be Light In State
New York-based life insurer MetLife Inc. said it will cut an unspecified number of jobs by the end of the year and announced plans to sell common stock to bolster its capital amid rising losses on investments. The company, which has major operations in...Tags: Layoffs and Downsizing, Insurance, Bloomfield (Hartford, Connecticut), Glastonbury, Unemployment
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Stock in local insurers hit by MetLife news
Tribune staff reporterInsurance providers are among the Chicago area's worst-performing stocks this morning: By early afternoon, with the broad market off less than 1 percent, Allstate shares were down 7.5 percent and CNA Financial Corp.'s stock had dropped 11 percent. The...Tags: American International Group, XL Capital Limited, Principal Financial Group Incorporated, Insurance, CNA Financial Corporation
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Wednesday's market movers
GEN. GROWTH PROP. $0.90 (20%) to $5.40 Shares of the Chicago-based real estate investment trust had the biggest percentage gain in the Standard & Poor's 500 index after it was named to help develop a project in New York. Shares fell nearly 42...Tags: Alcoa Incorporated, Insurance, CNA Financial Corporation, Earnings Forecasts, Northbrook
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Shares Of The Hartford Plunge 32%
It was a blood bath Thursday for shares of The Hartford, while MetLife Inc. and Prudential also plummeted on fears that the tumult in financial markets could push some insurers over the edge. Some of the investor panic Thursday followed a comment...Tags: American International Group, Lehman Brothers Holdings Incorporated, Financially Distressed Companies, Bankruptcy, Insurance
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The Hartford's Own Woes Only Part Of Its Problems
Losing nearly $9 billion of market value can really ruin your week. It did at The Hartford, which now faces even tougher challenges after panicked investors hacked its stock price by nearly 52 percent. However, the stock slide doesn't mean that The...Tags: Financial and Business Services, Lehman Brothers Holdings Incorporated, Stock Market, Insurance, The Hartford Financial Services Group Incorporated
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The Hartford Tries To Calm Nervous Investors
The Hartford CourantThe Hartford tried to calm stampeding investors and reassure employees Wednesday as its stock slid 7 percent on top of Tuesday's 18 percent plunge -- a sell-off some analysts called an overreaction. "I don't think we should be concerned about The...Tags: Financial Markets, Insurance, The Hartford Financial Services Group Incorporated, Moody's Corporation
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Citigroup Weighs Sale Of Primerica
Citigroup Inc. might sell its Primerica life insurance unit to J.C. Flowers & Co. and Protective Life Group of Alabama, people with knowledge of the talks said Wednesday. Analysts value Primerica, which Citigroup has sought to sell for more than three...Tags: Birmingham , Citigroup Incorporated, Alabama, Prudential Financial Incorporated, Sales
Oct 13, 2008
|Story| Hartford Courant
Oct 10, 2008
|Story| South Florida Sun-Sentinel
Oct 10, 2008
|Story| Chicago Tribune
Oct 10, 2008
|Story| Hartford Courant
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|Story| Los Angeles Times
Oct 9, 2008
|Story| Hartford Courant
Oct 8, 2008
|Story| Chicago Tribune
Oct 9, 2008
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Oct 3, 2008
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Oct 4, 2008
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Oct 2, 2008
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Sep 25, 2008
|Story| Hartford Courant
