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.

November 03, 2017

Natural disasters don’t need to be financial disasters

Even if the damage to homes and personal property is devastating, the financial impact of a natural disaster doesn’t have to be. There are lessons to be learned from those who bounced back from past disasters—and the strategies, programs and policies that helped them do it.

November 01, 2017

Prudential Financial, Inc. Announces Third Quarter 2017 Results

Net income attributable to Prudential Financial of $2.238 billion or $5.09 per Common share versus $1.827 billion or $4.07 per share for year-ago quarter. After-tax adjusted operating income of $1.323 billion or $3.01 per Common share versus $1.191 billion or $2.66 per share for year-ago quarter. Significant items: in 3Q:17, net income and adjusted operating income include a net benefit of 7 cents per Common share, and in 3Q:16, net income and adjusted operating income include a net benefit of 15 cents per Common share, from items discussed later in this release. ...
October 30, 2017

Quincy Krosby: Tax reform push, earnings continue with Apple headlining, data deluge, Fed meeting and naming of Fed chair

Another incredibly busy week for the markets will be led by developments on tax reform, more big-name earnings releases, and the possibility that a new Fed chair will finally be announced, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook. 

October 26, 2017

Spooky fact: Workers spend more time on Halloween than on benefits decisions

It’s that season again, when ghosts and goblins take to the streets, Thanksgiving menus are planned and gift lists are written—and when most employers offer open enrollment for health and benefit plans.

October 26, 2017

Aging populations, low birthrates require retirement solutions

Each year, key executives from Prudential Retirement gather with policy makers, business leaders, and researchers from across the globe for the annual International Longevity Risk and Markets Solutions Conference to address aging trends and the global challenge of creating retirement security. Offering insights into how we grapple with this demographic shift were Dylan Tyson, the Chief Executive for Prudential of Taiwan, and Amy Kessler, Prudential’s head of Longevity Risk Transfer.

October 25, 2017

CEO John Strangfeld talks retirement security with Fox Business reporter Maria Bartiromo in Saudi Arabia

Chairman and CEO John Strangfeld joined some of the biggest names in investing at the Future Investment Initiative conference in Saudi Arabia this week. Prior to his panel appearance, Strangfeld was interviewed live by Maria Bartiromo for her “Mornings with Maria” segment on Fox Business. Bartiromo covered a range of topics, from the prospects for tax reform in the United States to the recent debate in Washington, D.C., about potential changes to limits on 401(k) contributions.

October 24, 2017

Through pro bono service, Prudential employees put professional skills to work for local nonprofits

Teams of Prudential employees in Newark and Hartford are pairing up with local nonprofits, offering support and advice on business strategy, finance, marketing and HR. The events are part of Pro Bono Week, a worldwide celebration of professional services donated in the public interest.