Thursday, October 9, 2008

Steven Wevodau - Prudential becomes latest insurer to warn (Reuters)

Prudential becomes latest insurer to warn (Reuters)

A woman walks past a carving of the Prudential logo on the wall of their offices in London, March 14, 2008. (Luke MacGregor/Reuters)Reuters - Prudential Financial Inc is the latest major insurer to warn its quarterly profits would miss forecasts, as the shares of rivals were pummeled on concern they would need to raise capital.

Chevron says upstream curbed, refining stronger (Reuters)

A Chevron tanker truck unloads gasoline into underground storage tanks in Burbank, Calfiornia, June 18, 2008. (Fred Prouser/Reuters)Reuters - Chevron Corp expects upstream production earnings to fall from the previous quarter due to lower prices and hurricanes, but said its refining performance would be much stronger.

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