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Market Watch (Free subscription) | 07/23/2009
NEW YORK (MarketWatch) -- Financial stocks turned sharply higher midday Thursday, after a report showed existing home sales rose more than expected in June, sparking hope that the real estate sector may be on the rebound. The sector's benchmark exchange-traded fund, Financial Select Sector SPDR Fund , was up 2.6% to 12.46, its highest point since June 12. Insurance giants made notable gains with shares...
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Market Watch (Free subscription) | 06/24/2009
NEW YORK (MarketWatch) -- U.S. financial stocks traded higher Wednesday as markets awaited a statement from the Federal Reserve that could signal the central bank's future actions, along with the direction of the economy. The benchmark financial sector exchange-traded fund, Financial Select Sector SPDR Fund , was up 2.4% to $11.74 in midday trade. Adding to a rally in financials were Hartford Financial...
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Market Watch (Free subscription) | 06/11/2009
SAN FRANCISCO (MarketWatch) -- Principal Financial Group Inc. said late Thursday it declined to participate in the U.S. Treasury Department's Capital Purchase Program. Principal Financial had applied for federal aid in November and received approval to participate in May. "We have decided not to participate in the CPP due to the stabilization of the credit and financial systems in the U.S. and...
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Market Watch (Free subscription) | 05/19/2009
SAN FRANCISCO (MarketWatch) -- Principal Financial Group Inc. said late Tuesday its board elected President and Chief Executive Larry Zimpleman board chairman effective immediately. Zimpleman succeeds J. Barry Griswell, who will continue to serve on the board. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this...
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Market Watch (Free subscription) | 05/15/2009
SAN FRANCISCO (MarketWatch) -- Principal Financial Group Inc. said Friday the U.S. Treasury gave the insurer preliminary approval for Troubled Asset Relief Program funds. Principal Financial said it applied for $2 billion in funds. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Business Wire (Free subscription) | 05/14/2009
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed and removed from Rating Watch Negative the ratings of Principal Financial Group Inc. (PFG) and its subsidiaries. The ratings include the insurer financial strength
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Market Watch (Free subscription) | 05/12/2009
TEL AVIV (MarketWatch) -- Principal Financial Group Inc., the Des Moines financial-services provider, said late on Monday that it priced a public offering of 50.7 million common shares at $19.75 to raise about $1 billion. PFG shares closed on Monday at $20.34, down 14%, or $3.34. The underwriters have an option on nearly 7.6 million more shares if demand for the offering requires. Principal Financial...
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Market Watch (Free subscription) | 05/05/2009
SAN FRANCISCO (MarketWatch) -- Standard & Poor's said Tuesday that it lowered its ratings on Principal Financial Group Inc. and its subsidiaries by one notch because of capitalization pressures. S&P cut the long-term counterparty and financial strength ratings of Principal Life Insurance Co. to A+, and the short-term counterparty credit rating to A-1. S&P also cut the counterparty credit...
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Financial24 (Free subscription) | 04/19/2009
NEW YORK, April 19 - Principal Financial Group Inc shares have been unduly punished and deserve another look from investors, Barron's reported on Sunday. The weekly magazine said it was unlikely
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Market Watch (Free subscription) | 03/18/2009
SAN FRANCISCO (MarketWatch) -- Moody's Investors Service said Wednesday it downgraded Principal Financial Group Inc. because of unfavorable capital market conditions. Moody's cut Principal Financial's senior debt ratings to A3 from A2, and the long-term insurance financial strength rating of Principal Life Insurance Co. to Aa3 from Aa2. The outlook is negative. Market Pulse Stories are Rapid-fire,...
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Business Wire (Free subscription) | 03/12/2009
DES MOINES, Iowa--(BUSINESS WIRE)--The Principal Financial Group® once again earned high marks in satisfaction and loyalty from its retirement plan clients, according to the latest client satisfaction survey by
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Market Wire (Free subscription) | 03/11/2009
DALLAS, TX (MARKET WIRE) American CareSource Holdings, Inc. (NASDAQ: ANCI) announced today that it has implemented a new client service agreement with the Principal Financial Group. Under the terms of the agreement, American CareSource will make available its full complement of ancillary care services to Principal Edge Network, a proprietary health care network launched in the Dallas-Ft. Worth metro...
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Business Wire (Free subscription) | 02/27/2009
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has downgraded the issuer credit rating (ICR) to “aa-” from “aa” of Principal Life Insurance Company (PLIC), the lead operating company of Principal
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