Business Services Industry
The Hartford Beats Earnings Forecasts; SEC Launches Probe of Mutual-Fund Arm.
Knight Ridder/Tribune Business News, May, 2004
By Diane Levick, The Hartford Courant, Conn. Knight Ridder/Tribune Business News
May 5--The Hartford Financial Services Group Inc. reported Tuesday that first-quarter earnings beat forecasts, and that federal regulators have started a new probe of the company's annuity and mutual fund businesses.
The Hartford also raised earnings estimates for the full year as annuity sales jumped and new business increased in property-casualty lines.
The Hartford disclosed it has received subpoenas from the Securities and Exchange Commission, and that the agency's Division of Enforcement has started an investigation of the company's variable annuity and mutual fund operations. The SEC and other regulators have been probing many companies on such...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
