November 21, 2017

Prudential Financial, Inc. Announces Private Exchange Offers of Certain Outstanding Notes for New Notes

NEWARK, N.J.--(BUSINESS WIRE)--Nov. 21, 2017-- Prudential Financial, Inc. (the “Company”) (NYSE: PRU) announced today the commencement of offers to certain eligible holders (together, the “Exchange Offers”) of the Company’s Pool 1 Existing Notes and Pool 2 Existing Notes listed in the tables below (collectively, the “Existing Notes”) to exchange Pool 1 Existing Notes for consideration consisting of up to $650,000,000 aggregate principal amount of the Company’s new notes ...

November 21, 2017

Prudential Financial, Inc. Announces Private Exchange Offers of Certain Outstanding Notes for New Notes

NEWARK, N.J., Nov. 21, 2017 - Prudential Financial, Inc. (the “Company”) (NYSE: PRU) announced today the commencement of offers to certain eligible holders (together, the “Exchange Offers”) of the Company’s Pool 1 Existing Notes and Pool 2 Existing Notes listed in the tables below...

November 20, 2017

Quincy Krosby: Economic data releases mark Thanksgiving-shortened trading week

In a holiday-shortened trading week, there is still important data for the market to digest, including the index of leading economic indicators, existing home sales, durable goods orders and minutes from the latest Federal Reserve meeting, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

November 14, 2017

Prudential Financial Declares Quarterly Dividend on Common Stock

NEWARK, N.J.--(BUSINESS WIRE)--Nov. 14, 2017-- Prudential Financial, Inc. (NYSE:PRU) announced today the declaration of a quarterly dividend of $0.75 per share of Common Stock, payable on December 14, 2017, to shareholders of record at the close of business on November 27, 2017. Prudential Financial, Inc. (NYSE:PRU), a financial services leader with more than $1 trillion of assets under management as of September 30, 2017, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees are committed to helping individual and institutional customers grow and protect ...
November 13, 2017

PGIM Investments names new global chief marketing officer

NEWARK, N.J., Nov. 13, 2017 - PGIM Investments has named Sheri Taylor Gilchrist global chief marketing officer, charged with helping to drive the company’s strategy to expand globally. PGIM Investments is the global fund manufacturer of PGIM, the $1 trillion global investment businesses of U.S.-headquartered Prudential Financial, Inc. (NYSE: PRU).

November 13, 2017

Quincy Krosby: Market will focus on inflation, retail sales, consumer sentiment and tax reform headlines

There is much for the market to absorb this week, particularly on inflation data, retail sales and consumer confidence, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. 

November 09, 2017

Prudential, PIC Reach $1.2 Billion Longevity Reinsurance Agreement

NEWARK, N.J., Nov. 09, 2017 - Prudential Retirement, a unit of Prudential Financial, Inc. (NYSE:PRU), and Pension Insurance Corporation (PIC), have entered into their fifth longevity reinsurance transaction since 2015. In the agreement, The Prudential Insurance Company of America assumes the longevity risk for $1.2 billion (about £900 million) in pension liabilities, covering approximately 4,000 pensioners across four pension schemes.

November 08, 2017

PGIM Real Estate acquires mixed-use lifestyle center LaCenterra at Cinco Ranch in Houston suburb

PGIM Real Estate has acquired LaCenterra at Cinco Ranch, a 412,900-square-foot outdoor mixed-use retail lifestyle center in Katy, Texas, on behalf of institutional investors. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

November 07, 2017

For deployed military and their families, Veterans Day a chance to connect

In one life, Jared Kebea is a father of two teenagers and a 4-year-old, living in Springfield, New Jersey, and a project management specialist for Prudential Financial’s Enterprise Services & Systems department. In the other, he’s a master sergeant with the 20th Special Forces Group (Airborne) of the Massachusetts Army National Guard and 10-year veteran of the U.S. Army. 

November 06, 2017

Quincy Krosby: Market will focus on geopolitical drama in light week for economic data

A light calendar for economic data should leave the market focused on President Trump’s Asian trip, tax reform negotiations, Saudi Arabia’s “anti-corruption” roundup, and the last of high-profile names reporting earnings, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.