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New York Life Insurance News

Letters to the editor Thursday, November 20, 2008 @ 5:11AM On Halloween, my brother and I said, "Trick or treat" not only for candy, but for donations for the homeless greyhounds at the West Kennebunk Animal Shelter as well. We planned to use the money to purchase coats for the greyhounds that are recently...
Home-loan applications at lowest level since 2000 Thursday, November 20, 2008 @ 5:06AMAPPLICATIONS TO REFINANCE accounted for 49.9% of home mortgage filings last week, up from 45.1% in the week ended Nov. 7 and 42.9% of applications in the week ended Oct. 31 the MBA found.
Asian markets close sharply lower; Nikkei plunges nearly 7% Thursday, November 20, 2008 @ 4:44AM(RTTNews) - The stock markets across the Asia-Pacific region tumbled on Thursday after U.S. stocks hit their lowest levels in more than five years overnight. The Japanese market slumped, with the key Nikkei index losing nearly 7% to trade below the 8,000 mark for the first time in three weeks.
MetLife Provides Information Regarding Its Commercial Mortgage-Backed Securities Holdings and Commercial Mortgage ... Wednesday, November 19, 2008 @ 2:32PM NEW YORK----MetLife, Inc. today issued the following information about its commercial mortgage-backed securities and commercial mortgage whole loans as of September 30, 2008. The company is providing this information in light of the increasing volatility in the CMBS indices , which is due to a number of factors, including two commercial mortgages within CMBX 5 that have been reported as likely ...
Shopping at Weedmart Wednesday, November 19, 2008 @ 2:10PMColleen Daley lives on a sunburnt patch of overzoned Chula Vista real estate. She is besieged by the odiferous crosscurrents of wafting grease and the crackling bark of drive-in order speakers — her one-bedroom ranch is surrounded by fast-food joints.
Max plans to hire 44,000 Wednesday, November 19, 2008 @ 12:53PMMax New York Life Insurance mulls hiring around 14,000 employees and 30,000 agents in the current fiscal, at a time when many global companies are slashing jobs to cut costs amid global recession.
Home-loan applications at slowest since 2000 Wednesday, November 19, 2008 @ 12:37PMAPPLICATIONS TO REFINANCE accounted for 49.9% of home mortgage filings last week, up from 45.1% in the week ended Nov. 7 and 42.9% of applications in the week ended Oct. 31 the MBA found.
Business Briefs Wednesday, November 19, 2008 @ 12:35PMCourtesy photo U.S. Sen. Charles Schumer has expressed concern with a Ukrainian court battle that he contends may threaten a $330 million American-British investment.
SHORTS COLUMN | An Unlikely Partnership Results in Short Films with Something to Say Wednesday, November 19, 2008 @ 11:57AMBack in May 2008, eight UCLA graduate students were given good news: the nonprofit organization AARP wanted to give each of them $10,000 to make short films on the hot-button topics of healthcare and financial security.
Dalton State College adds two endowed chairs Monday, November 17, 2008 @ 5:08PMDalton State College introduced two new endowed chairs to its faculty roster this fall, for a total of three on campus. John Trussel is the DSC Foundation Chair and Professor of Accounting and Dr. Lourdes Diaz Soto is the new Goizueta Endowed Chair of Education.
Effort Expended On Children Will Reap Benefits For Decades Monday, November 17, 2008 @ 4:58PMEric Erickson, the renowned developmental psychologist, proposed that every stage of life offers a challenge. The last stage — late adulthood — is about reconciling with our past. There are two possible results: The positive outcome is feeling content with the choices of the past, and the negative outcome is having major regrets about one’s life. The first group is where we hope to be later in ...
Depression era tales hit very close to home Monday, November 17, 2008 @ 4:39PMOn Black Thursday, Oct. 24, 1929, the New York Stock Exchange lost 9 percent of its value. A week later it had lost $30 billion, more than 10 times the federal budget.
U.S. Stocks Fall on Concern Recession to Deepen; Alcoa Retreats Monday, November 17, 2008 @ 4:35PMNov. 17 (Bloomberg) -- U.S. stocks tumbled, extending a two- week drop, as a record contraction in New York manufacturing and Citigroup Inc.’s plan to cut 52,000 jobs spurred concern the recession will deepen.
U.S. Stocks Fall on Economic Concern; Alcoa Retreats (Correct) Monday, November 17, 2008 @ 4:07PM(Corrects ratio of declining and advancing shares in 4th paragraph.) Nov. 17 (Bloomberg) -- U.S. stocks tumbled, extending a two- week drop, as a record contraction in New York manufacturing and Citigroup Inc.’s plan to cut 52,000 jobs spurred concern the recession will deepen.
AIG Employee Benefit Solutions re-launches group disability policy Friday, November 14, 2008 @ 7:34PMAIG Employee Benefit Solutions has announced a new launch of its group disability policy, underwritten by AIG Life Insurance Company and American International Life Assurance Company of New York, subsidiaries of American International Group.
Clinton Considered for U.S. Secretary Friday, November 14, 2008 @ 7:08PMMadeline Albright. Condoleeza Rice. Hillary Clinton? Will the correct question to that answer one day be: name the women who have served as U.S. Secretary of State?
Hartford Jumps 21% on Plan to Buy Bank, Seek U.S. Aid (Update2) Friday, November 14, 2008 @ 6:27PMNov. 14 (Bloomberg) -- Hartford Financial Services Group Inc., the insurer that had a $2.6 billion third-quarter loss, jumped 21 percent in New York trading after agreeing to buy a bank and gain eligibility for the Treasury bailout program.
UPI NewsTrack Business Friday, November 14, 2008 @ 5:14PMU.S. markets slide FridayNEW YORK, Nov. 14 (UPI) -- U.S. markets slid sharply Friday on negative news from Sun Microsystems Inc. and the Federal Home Loan Mortgage Corp.Sun Microsystems said it would trim its workforce by 5,000 to 6,000 jobs. In Washington, Freddie Mac reported its liabilities exceeded its assets by $13.8 billion. The company requested $14 billion from the U.S. Treasury -- part ...
UPI NewsTrack Business Friday, November 14, 2008 @ 5:05PM U.S. markets slide Friday ... Recession official in Eurozone ... Aflac CEO would reject golden parachute ... Google to launch verbal Internet searches ... News from United Press International.
Court Denies Phillips Appeal Friday, November 14, 2008 @ 4:53PMA panel of judges denied an appeal by convicted cop killer Ralph "Bucky" Phillips to have his murder plea set aside. The Appellate Division of the State Supreme Court released its decision Friday afternoon. Phillips’ attorney argued that he did not voluntarily enter a plea of guilty to murder.
What will an Obama presidency mean for Minnesota lawyers? Friday, November 14, 2008 @ 4:51PMLawyers barely have time to celebrate or mourn presidential election results before they start to evaluate their impact on the legal community. What will a change in administration mean to the Department of Justice and thereby to Minnesota?
U.S. gives more aid to ailing AIG Tuesday, November 11, 2008 @ 4:01AMWASHINGTON — In a record bailout of a private company, the government on Monday provided a new $150 billion financial-rescue package to troubled insurance giant American International Group, including $40 billion for partial ownership.
City Leaders Unveil Midtown Plans Tuesday, November 11, 2008 @ 3:53AMA first look Monday at what the heart of downtown Rochester could look like. City leaders outlined redevelopment plans for the 8.5 acres where Midtown Plaza now sits, virtually empty.
Protective Life shares fall as analyst cuts target Monday, November 10, 2008 @ 12:35PM(AP:NEW YORK) Shares of Protective Life Corp. fell Monday afternoon, a day after an analyst slashed his price target and earnings estimates for the insurer.
AIG Gets Expanded Bailout, Posts $24.5 Billion Loss (Update4) Monday, November 10, 2008 @ 12:26PMNov. 10 (Bloomberg) -- American International Group Inc. got a $150 billion government rescue package, almost doubling the initial bailout of less than two months ago as the insurer burns through cash at a record rate.
US government provides record aid package to AIG Monday, November 10, 2008 @ 12:22PMWASHINGTON (AP) – In a record bailout of a private company, the government yesterday provided a new $150 billion financial-rescue package to troubled insurance giant American International Group, including $40 billion for partial ownership.
Govt. provides record aid package to AIG Monday, November 10, 2008 @ 12:19PMIn a record bailout of a private company, the government provided a new $150 billion financial-rescue package to troubled insurance giant American International Group...
Life on dialysis Monday, November 10, 2008 @ 12:20AMStarting kidney dialysis felt like a death sentence for Jason Thurmand.
Taste of Home Cooking show set for tonight Sunday, November 9, 2008 @ 10:09PM- Doors open at 4:30 p.m. today for the Homemade for the Holidays Taste of Home Cooking Show at the Tamarack Conference Center. The show begins promptly at 6:30 p.m.
Market?s Collapse Echoes in a Manhattan Tower Sunday, November 9, 2008 @ 2:35PMMany tenants who signed leases at a 41-story office tower overlooking Bryant Park are now trying to break them.
The Great Depression of 2008? Not quite Sunday, November 9, 2008 @ 10:03AMNEW YORK: There’s something about hundreds of billions of dollars vanishing overnight that begs a comparison to the 1929 market crash and the Great Depression. Almost — but not yet.
Trump sues lenders of unfinished skyscraper: WSJ Friday, November 7, 2008 @ 9:04PMNEW YORK (Reuters) - Donald Trump sued the lenders of an unfinished Chicago skyscraper as he seeks an extension of the credit facility, amid the impact of the financial crisis in the real estate business, the Wall Street Journal said on its Website on Friday.
US weighs buying AIG equity, insured bonds Friday, November 7, 2008 @ 6:12PMThe United States government is looking at buying several billion dollars of preferred shares from American International Group and possibly acquiring billions more of bonds guaranteed by the insurer, a source familiar with the matter said on Friday.
Panasonic and SANYO Agree to Start Discussions for Capital and Business Alliance Friday, November 7, 2008 @ 2:22AMPanasonic Corporation (NYSE:PC)(TOKYO:6752)("Panasonic") and SANYO Electric Co., Ltd. (TOKYO:6764)("SANYO"), upon the resolutions of the meetings of their respective Boards of Directors held today on November 7, 2008, agreed to start discussions for capital and business alliance between Panasonic and SANYO.
Below 9,000 Again: Drop in jobs, retail sales push stock market down Friday, November 7, 2008 @ 2:03AMA fresh wave of bad economic news, including a half-million Americans newly out of work and the weakest October retail sales in nearly 40 years, pummeled the stock market yesterday, driving the Dow Jones industrials under 9,000 again with a stunning two-day decline of 10 percent.
Business people in the news Friday, November 7, 2008 @ 1:40AMPAUL MALLEN of Whippany, N.J., was named executive vice president of Amalgamated Life Insurance Co. in White Plains. Mallen will also serve on the board of Alicare Inc., an affiliate of Amalgamated Life. Mallen, 42, joined the company in 2005 as a senior vice president and chief financial officer.
Cancer tightens Tom-Margot bond Thursday, November 6, 2008 @ 10:28PMCebu City Mayor Tomas Osmeña and wife Margot have always been known to be close as a couple. Cancer has brought them even closer.
AIG asset sales gather steam- source Thursday, November 6, 2008 @ 8:56PMStruggling insurance conglomerate American International Group Inc is expected to reach deals to sell its US personal lines unit and an equipment insurer by the year end, a source familiar with the situation said.
Hispanic vote grows, shifts to Democrats Thursday, November 6, 2008 @ 8:38PMHispanic voters surged this week and swung their support to the Democratic Party, helping flip four states to winner Barack Obama in a trend that poses challenges for Republicans in future elections.
(AFX UK Focus) 2008-11-06 21:58 UPDATE 1-Insurer Genworth posts Q3 loss, suspends buyback Thursday, November 6, 2008 @ 4:23PMNEW YORK, Nov 6 (Reuters) - Genworth Financial Inc, the U.S. life and mortgage insurer, reported a third-quarter loss on Thursday, hurt by investment losses. The company missed Wall Street expectations, and suspended its share buyback program and previously issued outlook for 2008 operating earnings. It also said it is looking at ways to bolster capital. Richmond, Virginia-based Genworth posted ...
Big Lots, Conseco, El Paso, Goodyear, THQ: U.S. Equity Movers Thursday, November 6, 2008 @ 4:07PMNov. 6 (Bloomberg) -- The following companies had unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 4 p.m. in New York.
CDC Corporation Reports Record Adjusted EBITDA From Continuing Operations for the Third Quarter of 2008 Thursday, November 6, 2008 @ 3:55PMCDC Corporation (NASDAQ: CHINA), a leading global enterprise software and new media company, today announced financial results for the third quarter of 2008 that exceed Wall Street consensus estimates, with Adjusted EBITDA (a) from continuing operations (b) up by approximately 91 percent from the third quarter of 2007 and approximately 71 percent from the second quarter of 2008. Total revenue ...
Galway, Ireland Wednesday, November 5, 2008 @ 3:50PMProviding an active network for the Irish business community and knowledge workers worldwide. Read by more than 28,000 subscribers throughout the high-tech sector and in more than 600 universities, academic and research institutions in over 150 countries.
Kinross Announces Record Quarterly Production and Revenue Wednesday, November 5, 2008 @ 3:30PM Kinross Gold Corporation(NYSE: KGC) today announced its unaudited results for the three and nine months ended September 30, 2008.
Eagle Bulk Shipping Inc. Reports Third Quarter 2008 Results Wednesday, November 5, 2008 @ 3:15PM NEW YORK, Nov. 5, 2008 -- Eagle Bulk Shipping Inc. today announced its results for the third quarter of 2008.
Sunstone Hotel Investors Reports Results of Operations for Third Quarter 2008 Wednesday, November 5, 2008 @ 3:12PM Sunstone Hotel Investors, Inc. today announced results of operations for the third quarter ended September 30, 2008.
The Top 50 Most Influencial Minority Lawyers in the US Sunday, November 2, 2008 @ 2:57PMAt last count, a mere 5.4% of partners at U.S. law firms were members of minority groups. For women of color, the figure was fewer than 1.7%, according to the legal placement organization NALP. But what an amazing group of people those numbers represent. Check out the LawFuel Jobs Network at http://www.lawfuel.com/law-jobs.asp
Local Briefs: Marshall Sunday, November 2, 2008 @ 7:44AMEVENTS
Helmets would up cycle crash survival rates Sunday, November 2, 2008 @ 7:09AMAs a relatively new resident of Hanover, I have made some observations, that as a health care professional, are disturbing and perplexing to me. I am referring to the number of motorcycle accidents in York and Adams counties, many of which have resulted in fatalities.
Group lobbies to keep families in homes Saturday, November 1, 2008 @ 9:13PMWith 2.2 million homes at risk of foreclosure next year, a national faith-based movement is organizing to lobby Washington to keep families in their homes.