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Northwestern Mutual ‘Most Admired’
Posted on March 4th, 2009 No commentsMilwaukee-based life insurer and financial services provider Northwestern Mutual Life Insurance Co. ranks No. 43rd on Fortune magazine’s new list of the world’s 50 most-admired companies, the Business Journal of Milwaukee reported.
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MGIC May Sell Securities
Posted on March 4th, 2009 No commentsMGIC Investment Corp. filed a shelf registration statement that could allow the mortgage insurer to issue and sell up to $850 million in common stock, preferred stock, debt and other types of securities, according to the Business Journal of Milwaukee.
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CFOs: No Recovery Until 2010
Posted on March 4th, 2009 No commentsA new Duke University/CFO magazine survey of chief financial officers suggests that the global recession will last well into 2010 – with harsh effects on the economy. Roughly two-thirds of survey respondents said that the Obama administration’s economic stimulus plans will either hurt or have no effect on the economy. Read the Business Journal of Milwaukee article.
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Foreign Banks Top ‘Safe’ List
Posted on March 4th, 2009 No commentsInternational banks dominate the rankings in a new report on the safest financial institutions worldwide. Wells Fargo & Co. — which recently merged with Wachovia Corp. — is the highest-ranking U.S. bank at No. 21, followed by U.S. Bancorp at No. 26, The Bank of New York Mellon at No. 35 and JPMorgan Chase & Co. at No. 47. Read more in the Business Journal of Milwaukee.