Manulife, Sun Life Post Third-Quarter Losses on Higher Reserves, Rate Cuts Nov 6, 2009
Manulife, owner of Boston-based John Hancock Financial Services, reported non-cash charges of C$1. 2 billion this quarter, while Sun Life said earnings were eroded by a C$513 million charge to reflect updated assumptions on stock prices and interest rates. (Bloomberg -- Canada)
Fed likely to keep key interest rate at record low Nov 5, 2009
The economy started to grow again last quarter for the first time in more than a year, although there are uncertainties about the strength and staying power of the recovery, especially after government supports are removed (Somerset Daily American, PA)
Manulife Profit May Decline on Higher Reserves for Falling Equity Values Nov 4, 2009
The owner of John Hancock Financial may set aside as much as C$500 million ($467. 5 million) for declines in segregated funds and other products, Desjardins Securities analyst said. (Bloomberg -- Canada)
Financial services sector shows signs of comeback Oct 28, 2009
For two of the state s biggest insurance companies - John Hancock Financial in Boston and in Wellesley - they have kept their employment steady, even though their profits have been squeezed by investment losses and the need to increase reserves. Meanwhile, MassMutual Financial Group, of Springfield, eliminated 500 jobs after big investment losses last year, although it is beginning to hire again. (Boston Globe)
Behind Fed's move to regulate pay Oct 23, 2009
"It's a sharp and rather surprising break with Fed tradition," said Bill Cheney, chief economist at John Hancock Financial Services. To many, it is also a sign that the White House and Congress have become increasingly involved in directing central bank policy, a potential blow to the Fed's independence that may be rooted in past misjudgments that made it appear too close to Wall Street. (India Times)
COHASSET ENGAGEMENT: Anderson Niebauer Oct 14, 2009
She is currently employed as a legal assistant at John Hancock Financial Services in Boston. Her fianc. (Cohasset Mariner, MA)
Supreme Court: campaign finance overhaul in 'Hillary' case? Sep 9, 2009
"When the CEO of John Hancock Financial uses corporate-treasury funds for electoral advertising, he pledges someone else's.". Get Monitor stories by e-mail. (Christian Science Monitor -- USA)
Correction to the NAV of John Hancock Income Securities Trust and John Hancock Investors Trust Sep 3, 2009
The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds, manages more than $42 ... About John Hancock Financial and Manulife Financial Corporation ... John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. (PR Newswire)
HINGHAM TRANSPORTATION: Future of commuter boats Aug 29, 2009
D Alessandro, the former Chairman and CEO of John Hancock Financial Services, is overseeing a stem to stern review of the MBTA. His recommendations are due in November. What would you like Secretary Aloisi and David D Alessandro to know about the ferries. (Hingham Journal, MA)
New Home Sales, Durable Goods Orders Seen Higher Aug 26, 2009
"People's spending decisions depend more on whether they have money in their pocket than on how they feel," said Bill Cheney, chief economist at John Hancock Financial. Still, Cheney and other economists said the consumer sentiment report was encouraging. (ABC News -- Wire)
Manulife May Triple Number of China Offices in Five Years, Guloien Says Aug 19, 2009
Manulife, owner of John Hancock Financial in the U.S., rose 12 cents to C$21. 69 in 4:10 p.m. trading on the Toronto Stock Exchange. (Bloomberg -- Canada)
Manulife, Sun Life Shares Drop on Dividend Cut, Forecast for Earnings Aug 7, 2009
U.S. asset management earnings, which include results from Boston-based John Hancock Financial, surged more than fivefold to C$1. 55 billion. (Bloomberg -- Canada)
Manulife Profit May Climb on Stock Gains as Worst Is `Probably Behind Us' Aug 5, 2009
56 billion to results at the owner of Boston-based John Hancock Financial, said the analyst, who rates the shares hold. Manulife, and Great-West Lifeco Inc. are scheduled to report results tomorrow. (Bloomberg -- Canada)
Michigan Jobless Top 15%, California Sees Record, Hurting State Budgets Jul 19, 2009
No region of the U.S. is immune, said , an economist at John Hancock Financial Services in Boston. The rising unemployment rate is clearly going to hurt consumption. (Bloomberg -- US)
Jobs that change the lives of teens Jul 8, 2009
This summer, more than 600 Boston teenagers will get paying jobs, and attend weekly life-skills workshops, through the MLK Summer Scholars program, sponsored by John Hancock Financial, The Boston Globe and Boston University, with major support from Partners HealthCare. One of the main goals of the program is to provide Boston high school students the critical work experience they will need in a competitive job market. (Boston Globe)
Manulife Financial Declines the Most in Seven Months on Capital-Raise Plan Jun 23, 2009
Higher segregated fund reserves at Manulife, which owns Boston-based John Hancock Financial, led to a first-quarter charge of C$1. 15 billion. (Bloomberg -- Canada)
Manulife Financial Appoints Bell as Finance Chief, Replacing Rubenovitch Jun 20, 2009
Chief Executive Officer , who took over last month, wants to bolster capital after two straight quarterly at Manulife, the parent of Boston-based John Hancock Financial Services. Insurers have been pressured by the declining value of assets backing policies and liabilities on guarantees on equity-linked retirement products. (Bloomberg -- Canada)
US jobless claims fall again as productivity rises Jun 5, 2009
"It's still bad, but not as bad as it has been. It's consistent with the story that the economy is turning the corner and we may have passed the worst point (of the recession)," said Bill Cheney, chief economist at John Hancock Financial Services in Boston ... "Employers laid off workers at about the same pace as they were losing sales, so productivity has stayed healthy. It does suggest that as soon as demand turns up they will have to start hiring people," said John Hancock Financial Services'... (Sydney Morning Herald -- Business)
Ellis Benefits Group expanding operations by opening office in Nashville market Jun 3, 2009
The younger Ellis joined his father s firm after three years in John Hancock Financial s Atlanta office marketing retirement plans. This article is for Paid Subscribers ONLY.. (Memphis Business Journal, TN)
State Senate may cut high school internship program funding Jun 1, 2009
The recommendation, part of a broader effort to balance the state's budget for next year, calls for eliminating funding for the so-called school-to-career program, which last year provided more than 14,700 high school students statewide with jobs at places such as State Street Corp., John Hancock Financial Services, Massachusetts General Hospital, the Boston Red Sox, and various technology firms, among thousands of others. The internships, supporters say, provide high school students with a... (Boston Globe)
Babcock & Brown Infrastructure Fund North America Now Independent as SteelRiver Infrastructure Fund Following Buyout From Babcock & Brown. May 18, 2009
John Hancock Financial is a unit of Manulife Financial Corporation (the Company), a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution... (PR Newswire)
Manulife Scales Back Annuities, May Expand in Asia, Chief Guleoin Says May 8, 2009
9 billion of Boston-based John Hancock Financial Services. DAlessandro ended his tenure with two straight quarterly losses, the first in Manulifes history as a publicly traded company. (Bloomberg -- Canada)
Manulife CEO bows to critics Apr 18, 2009
I sourced the Hancock transaction myself, we didn't even pay a banker for that, he said of the $15-billion merger with U.S. life insurer John Hancock Financial Services Inc. in 2004. I led the negotiations in China, Japan, Vietnam. (Globe and Mail)
Boston Athletic Association adds Invitational Mile to race weekend Apr 15, 2009
Since 1986, the principal sponsor of the Boston Marathon has been John Hancock Financial. Loading commenting interface. (Wellesley Townsman, MA)
Many turns on the road to runaway popularity Apr 14, 2009
Once the BAA reluctantly began offering prize money in 1986 through sponsor John Hancock Financial Services, a flood of overseas runners turned up to cash in. The first of them were Australia's Rob de Castella and Norway's Ingrid Kristiansen, who both won by healthy margins and collected a combined $90,000 and two Mercedes-Benzes for breaking the tape at the new finish in Copley Square. (Boston Globe)
'Ugly' March jobs report offers little hope Apr 4, 2009
"There's going to quite a long haul before you see the jobless rate head down," said Bill Cheney, chief economist at John Hancock Financial Services. What do you think. (Crain's Chicago Business)
Layoffs rise despite easing recession Apr 3, 2009
There's going to quite a long haul before you see the jobless rate head down,'' said Bill Cheney, chief economist at John Hancock Financial Services. To brace the economy, the Fed has slashed a key bank lending rate to an all-time low and has embarked on a series of radical programs to inject billions of dollars into the financial system. (India Times)
Paying workers more to fix their own mess Mar 18, 2009
"I'm thinking of actually getting out," David D'Alessandro, the head of John Hancock Financial Services, reported hearing from one fellow chief executive. The antidote to such doubts. (International Herald Tribune)
Edsell-Vetter to host movie screening fundraiser Mar 13, 2009
MBHP was given three charity spots in the Marathon by John Hancock Financial Services on the condition that the runners raise money to support MBHP s privately funded programs and services. Edsell-Vetter said focusing on MBHP s work with those most at risk of homelessness gives people the perfect reason to open their wallets and support Team MBHP. People really get it in a very visceral way, she said. (Medford Transcript, MA)
Unemployed Needham residents turn to volunteer work Mar 6, 2009
In the case of one Needham resident, Barry Nectow, a former employee of John Hancock Financial Services as a commercial real estate loan officer, unemployment can be used to try something new. Nectow s layoff last spring took half his family s income away. (Needham Tab, MA)
US GDP shrinks 6.2% Feb 28, 2009
There has been no evidence that the pace of decline is slowing at all,'' Bill Cheney, chief economist at John Hancock Financial Services Inc. in Boston, said in an interview with Bloomberg Television. President Barack Obama's $US787 billion stimulus package will ``kick in'' in mid-2009 at the earliest, he said. (Sydney Morning Herald -- Business)
U.S. Economy Plummets Feb 28, 2009
"They (numbers) show a very depressed state of the economy at the end of last year and point to it continuing to be equally bad in the first part of 2009," said Bill Cheney, chief economist at John Hancock Financial in Boston. "This is really as bad as we thought it was before they originally released the numbers. It should temper the shock and surprise.". (ABC News -- Wire)
Economy Likely Suffered Deeper Contraction Feb 27, 2009
"The economy kind of fell off a cliff and unleashed all of these negative downward spirals that are feeding on each other and still are," said Bill Cheney, chief economist at John Hancock Financial Services. The new projected GDP figure like the old one would mark the weakest quarterly showing since an annualized drop of 6. (ABC News -- Wire)
Patriot Premium Dividend Fund II (NYSE: PDT) Announces Commencement Date of Tender Offer Feb 27, 2009
The Boston-based mutual fund business unit of John Hancock Financial, John Hancock Funds manages more than $38 ... About John Hancock Financial and Manulife Financial Corporation ... John Hancock Financial is a unit of Manulife Financial Corporation (the Company), a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. (PR Newswire)
Manulife Would Cut Dividend in `Cataclysmic' Stock Drop, D'Alessandro Says Feb 14, 2009
The owner of Boston-based John Hancock Financial disclosed yesterday it has about C$26. 8 billion at risk from segregated fund guarantees after equity prices declined. (Bloomberg -- Canada)
Jobless rate at 16-year high Feb 7, 2009
Perhaps more troubling than the breadth of the losses is the quickening pace, said Bill Cheney, chief economist at John Hancock Financial in Boston. In January, job losses accelerated to about 600,000 from about 525,000 in December. (Boston Globe)
