MetLife Inc News
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Aflac Inc., the largest seller of supplemental health insurance, hired Teresa McTague to oversee a $10.8 billion portfolio as interest rates near record lows pressure investment income.
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Hearsay Social Inc., the marketing company co-founded by Starbucks Corp. board member Clara Shih, is introducing a tool that lets banks and insurers make sales through Twitter, Facebook and LinkedIn.
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U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record high, as the European Central Bank cut its key interest rate and American jobless claims unexpectedly fell.
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The euro fell against the dollar for the first time in five days and the region’s bonds rallied as European Central Bank President Mario Draghi said policy makers have an open mind about a negative deposit rate. U.S. stocks rose as American jobless claims decreased to a five-year low.
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Prudential Financial Inc., the second- largest U.S. life insurer, gained the most since 2011 as profit beat estimates, fueled by results outside the U.S.
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MetLife Inc., the largest U.S. life insurer, reported a first-quarter profit as Chief Executive Officer Steven Kandarian expands outside the U.S.
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ING U.S. Inc., a unit of the largest Dutch financial-services company, is headed for an initial public offering led by managers who helped American International Group Inc. repay its rescue by divesting assets.
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Genworth Financial Inc., the seller of life insurance and long-term care coverage, said first- quarter profit more than doubled as results improved at the unit that backs home loans.
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Twelve days into his job as co- chief executive officer of Deutsche Bank AG, Anshu Jain stood beside Germany’s finance minister and in front of video images of lush forests and rolling rivers as hundreds of businessmen sang the national anthem.
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Stocks rallied amid growth in U.S. home sales, better-than-forecast earnings and speculation the European Central Bank will cut interest rates. U.S. equities recovered after briefly erasing gains following a false report of explosions at the White House.
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