November 1, 2002 |
John Hancock Financial Services Inc.'s third-quarter earnings fell 4% as the stock market slump cut into sales of annuities and fees for managing assets. Net income was $158.1 million, or 54 cents a share, compared with $165.2 million, or 54 cents, in the year-ago period as the firm bought back shares. Earnings excluding investment losses were 64 cents, a penny below analyst estimates. Shares of Hancock, which announced its earnings after the close of trading, gained 34 cents to $29.
January 22, 2000 |
John Hancock Financial Services (JHF), the nation's second-largest life insurer, leads U.S. initial public offers next week with a $1.7-billion stock sale, the biggest of about 20 deals on tap as the IPO market gets going after its traditional January break. Still, Internet companies a fraction of Hancock's size are expected to capture the spotlight.
June 4, 1993
The Los Angeles Times has been named a winner of the 1992 John Hancock Financial Services Awards for Excellence in Business and Financial Journalism. The award for newspapers with circulation above 300,000 went to Scot Paltrow of the Los Angeles Times Business staff for his investigative series, "Investors at Risk." The series documented widespread fraud against small investors by brokerage firms.
January 11, 1993 |
John Hancock Lays Off 700: John Hancock Financial Services laid off 700 employees last week in 31 sales offices around the country, company officials confirmed. Most who lost their jobs were field office sales agents in offices that Hancock's chairman and chief executive, Stephen L. Brown, said were unprofitable.
May 15, 1992
A team of Los Angeles Times business writers who covered the BankAmerica-Security Pacific merger won a top prize in the 25th annual Awards for Excellence in Business and Financial Journalism competition sponsored by John Hancock Financial Services. The team--Martha Groves, Victor F. Zonana, Kathy M.
February 26, 1992 |
The Los Angeles Marathon lost one of its major sponsors Tuesday, when John Hancock Financial Services announced it will not renew its five-year sponsorship agreement with the race, which expires after Sunday's race. The firm is one of six of the race's major sponsors, and its annual contribution is reportedly about $250,000. However, race President William Burke said he will announce at Sunday's race the name of a sponsor to take Hancock's place. At the same time Hancock is dropping the L.A.