strong><span class="subhead">New annuity product</span></strong> Fidelity Investments and MetLife Inc. are offering a retirement product for investors more worried about protecting their nest eggs than seeking market gains. The product allows people in or near retirement to trade some of their savings, including money in 401(k) accounts, in return for a fixed, lifetime...
In recent months, there's been a great deal of attention paid to the issue of texting while driving, and with good reason: keeping your eyes on the tiny keyboard in front of you instead of the highway ahead is a sure way to head down the road to disaster. It's also an increasing threat in this digital age. Unfortunately, texting is just the latest in a long line of distractions that are having deadly...
MetLife (NYSE: MET) closed yesterday at $34.93. So far the stock has hit a 52-week low of $11.37 and 52-week high of $41.45. MetLife stock has been showing support around 34.02 and resistance in the 36.10 range. Technical indicators for the stock are Bearish and S&P gives MET a positive 4 STAR (out of 5) buy rating. MET appears on the Investors Observer Analysts Favorites list. For a hedged play...
Forty-seven per cent of savers said they would feel safer putting money into the stock market if their original investments came with a guarantee, according to a new study by MetLife.
The firms neither admitted nor denied the allegations under the settlement. John Calagna, a spokesman for MetLife, which is also based in New York, said his company cooperated with FINRA and "has enhanced its e-mail screenings for all four broker-dealers. We are pleased to have resolved this issue."
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined MetLife Securities, Inc., and three of its affiliates a total of $1.2 million for failing to establish an adequate supervisory system for the review of brokers' email correspondence with the public. The fine also resolves charges of failing to establish adequate supervisory procedures relating to broker participation...
Apparently some are deep into commercial real estate. Nov. 17 (Bloomberg) -- U.S. life insurers, a group led by MetLife Inc. and Prudential Financial Inc., may lose as much as $22.6 billion on investments in commercial real estate through 2011, Fitch Ratings said. Losses on investments in apartment buildings, offices, shopping malls and other commercial real estate will begin to increase in the next...
Mish's Global Economic Trend Analys (Free subscription) | 18/11/2009
Fitch is warning Insurers Face $23 Billion Loss on Commercial Property . U.S. life insurers, a group led by MetLife Inc. and Prudential Financial Inc., may lose as much as $22.6 billion on investments in commercial real estate through 2011, Fitch Ratings said. Losses on investments in apartment buildings, offices, shopping malls and other commercial real estate will begin to increase in the next 6...
By News staff By Mike Szostak Journal sports writer The Rhode Island Interscholastic League has suspended nine players for up to a year for their involvement in a fight at the end of the MetLife Soccer Classic Girls Division IV Championship between Woonsocket and Tolman High Schools. The suspensions for fighting and leaving the bench range from two games to one year and involved athletic competition...
SAN FRANCISCO, Nov. 17 /PRNewswire-USNewswire/ -- To honor organizations that are making it easier for experienced workers to transition into encore careers - paid jobs that offer meaning and the chance to make a social impact - Civic Ventures and MetLife Foundation today announced the winners of the 2009 Encore Opportunity Awards: eight nonprofit and public sector organizations that are tapping encore...
NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) announced today that it has declared fourth quarter 2009 dividends of $0.2527777 per share on the company’s floating rate non-cumulative preferred stock, Series A (NYSE: METPrA), and $0.4062500 per share on the company’s 6.50% non-cumulative preferred stock, Series B (NYSE: METPrB). Both dividends are payable December 15, 2009 to shareholders...