January 10, 2018

How Prudential handles a 60 percent increase in customer calls on the busiest day of the year

It’s 7:55 a.m. on a Tuesday in January at Prudential Retirement’s call center near Scranton, Pennsylvania, and the 125 or so employees in the office are in anxious anticipation. In five minutes, they and their colleagues in Dubuque, Iowa; El Paso, Texas; and the Philippines will begin the busiest day of the year, answering questions from more than 17,000 clients over the course of a 13-hour day.

January 10, 2018

PGIM Real Estate Sells Waterfront Place in Shanghai

SHANGHAI, Jan. 10, 2018 – PGIM Real Estate has sold Waterfront Place, an office property in Shanghai, China, on behalf of Asia Property Fund (ASPF) III. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

January 09, 2018

Prudential Short Duration High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended November 30, 2017

Prudential Short Duration High Yield Fund, Inc. (NYSE: ISD) (the "Fund"), a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended November 30, 2017.

 

January 09, 2018

Smart savings can reduce retirement financial risk, up 19 percentage points in 30 years

Half of Americans won’t be able to maintain their standard of living after retirement, according to the most recently compiled National Retirement Risk Index. Fortunately, they can take steps to avert a cash-strapped future.

January 08, 2018

Quincy Krosby: Busy market week with earnings, inflation data, Fed speakers

It will be a busy week for markets with earnings, inflation data, a parade of Fed-speak and tariff chatter in the background, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

January 06, 2018

U.S. Figure Skating announces 2018 Prudential Skating Fund recipients

U.S. Figure Skating announced the Columbine Figure Skating Club (Arvada, Co.) and the Scott Hamilton Skating Academy (Nashville, Tenn.) as the 2018 recipients of awards made through the Prudential Skating Fund. The Fund, established by U.S. Figure Skating and Prudential Financial, Inc. (NYSE: PRU), in 2013, provides $25,000 in financial support to eligible U.S. Figure Skating member clubs and/or programs that are addressing social needs or directly benefiting underserved groups and communities within the sport of figure skating.

January 05, 2018

PGIM experts: Corporate spending will determine tax reform’s effect

The success of the most far-reaching U.S. tax overhaul in decades will depend on whether American companies invest their tax windfall on expanding hiring and production capacity or save it for dividends and share buybacks that, while they increase shareholder value, do little for economic growth, according to three PGIM thought leaders.

January 04, 2018

Prudential Financial to Announce Fourth Quarter 2017 Earnings; Schedules Conference Call

NEWARK, N.J.--(BUSINESS WIRE)--Jan. 4, 2018-- Prudential Financial, Inc. (NYSE:PRU) will release its fourth quarter 2017 earnings on Wednesday, February 7, 2018, after the market closes. The earnings news release, the financial supplement and related materials will be posted on the company's Investor Relations website at: investor.prudential.com. Members of Prudential's senior management will host a conference call on Thursday, February 8, 2018, at 11:00 a.m. ET, to discuss with the investment community the company's fourth quarter results. Conference Call Information The conference call will be broadcast ...
January 04, 2018

PGIM Real Estate announces leadership appointments

NEW YORK, Jan. 4, 2018 – Following the planned retirement of Kevin R. Smith, PGIM Real Estate has announced key Americas leadership roles for Cathy Marcus and Alfonso Munk effective January 1. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

January 02, 2018

Quincy Krosby: Data releases may be market mover in shortened week

This holiday-shortened week brings a heavy package of data for investors to absorb, while geopolitical concerns continue to hover over the markets, Prudential’s Chief Market Strategist Quincy Krosby said Tuesday in her weekly “Connecting the Dots” outlook.