Prudential Financial Inc., the second-largest U.S. life insurer, appointed Andrew Sullivan to lead its disability unit as the company seeks to turn around its group-coverage operation.
Japanese shares fell, with the Topix index dropping for the first time in three days, weighed down by earnings results that disappointed investors.
Most Japanese shares fell amid thin trading, with the Topix index closing little changed to cap a weekly advance, as investors weighed earnings and awaited U.S. employment data.
Asian stocks rose, with the regional benchmark index paring last week’s losses, as Japanese markets surged on reopening after a holiday and as investors were unfazed by a drop in Chinese manufacturing activity.
Japanese shares rose, with the Topix index advancing to its highest since July 2008, as the yen fell to as low as 105 per dollar and shippers climbed.
"I think that reveals that the impact of slower growth in Europe and fickle global growth is going to dog Abenomics and the Bank of Japan' s efforts."
- Andrew Sullivan on Aug 28, 2014