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BUSINESS
June 3, 1999 | Associated Press
The head of the Olympics' biggest revenue source accused a major sponsor of damaging fund-raising for American athletes through "cynical . . . self-serving" attacks on the International Olympic Committee. NBC Sports President Dick Ebersol called John Hancock Mutual Life Insurance Co. President David D'Alessandro a "bully" who has used the Olympics scandal to generate favorable publicity for his own gain.
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BUSINESS
July 28, 2004 | From Bloomberg News
An affiliate of Manulife Financial Corp.'s John Hancock Life Insurance Co. exercised an option to buy El Paso Corp.'s interests in 10 power plants in California for $28 million. Redwood, an affiliate of John Hancock and a partner in the 10 plants, exercised a right of first refusal to buy El Paso's stakes in the plants, El Paso said. The sales closed Friday. The plants in which Redwood is buying stakes are known as the Juniper Generation Plants, according to El Paso documents.
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BUSINESS
October 5, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
John Hancock Mutual Life Insurance Co. said Friday that it has agreed to sell its Sutro & Co. and Tucker Anthony Inc. stock-brokerage units to a group led by the firms' managers for $180 million. Sutro, headquartered in San Francisco, and Boston-based Tucker Anthony are respected but small, regional competitors in the securities industry, and Hancock said it's shedding the firms to focus on its core insurance lines.
BUSINESS
February 9, 2001 | Marc Ballon
SafeGuard Health Enterprises Inc. said Thursday it has completed a financial restructuring that gives John Hancock Life Insurance Co. effective control of the Aliso Viejo provider of dental and vision care plans. As part of the arrangement, SafeGuard wiped out $53 million in debt, freeing the company to pursue acquisitions and other business opportunities.
BUSINESS
October 4, 1996 | DAVID R. OLMOS, TIMES STAFF WRITER
Moving a step closer to its goal of becoming a national force in health care, WellPoint Health Networks Inc. is near an agreement to buy the health insurance unit of John Hancock Mutual Life Insurance Co., sources familiar with the talks said Thursday. Sources said the deal could be announced in a few days, but that no final agreement had yet been reached. The purchase price could not be determined.
BUSINESS
July 20, 1991 | From Times Staff and Wire Reports
The bad news continued Friday for the insurance industry as Moody's Investors Service lowered its credit ratings on six prominent life insurance companies because of their investments in troubled commercial real estate. The New York-based credit rating agency downgraded John Hancock Mutual Life Insurance Co. of Boston; Massachusetts Mutual Life Insurance Co. of Springfield, Mass.; Mutual Life Insurance Co. of New York; New England Mutual Life Insurance Co.
BUSINESS
September 5, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
Senior executives of Sutro & Co. and Tucker Anthony Inc., the two brokerage units of John Hancock Mutual Life Insurance Co., are near a pact to buy the firms from Hancock for about $180 million, people familiar with the talks said Wednesday. The talks involve the combined purchase of both firms by a management-led investor group, and an announcement could come as early as this week, the sources said.
BUSINESS
May 11, 1999 | TIM QUINSON, BLOOMBERG NEWS
What's your tolerance for a stock market decline? Many Americans say they would reduce their buying of stocks for their retirement accounts if the U.S. market fell 20% or more, according to a recent survey by Boston-based John Hancock Mutual Life Insurance Co. About half the 801 people surveyed said they would either transfer money out of stocks or put less of future contributions in stocks if the market fell 20%, the level of the decline that most analysts consider a bear market.
BUSINESS
February 9, 2001 | Marc Ballon
SafeGuard Health Enterprises Inc. said Thursday it has completed a financial restructuring that gives John Hancock Life Insurance Co. effective control of the Aliso Viejo provider of dental and vision care plans. As part of the arrangement, SafeGuard wiped out $53 million in debt, freeing the company to pursue acquisitions and other business opportunities.
BUSINESS
July 28, 2004 | From Bloomberg News
An affiliate of Manulife Financial Corp.'s John Hancock Life Insurance Co. exercised an option to buy El Paso Corp.'s interests in 10 power plants in California for $28 million. Redwood, an affiliate of John Hancock and a partner in the 10 plants, exercised a right of first refusal to buy El Paso's stakes in the plants, El Paso said. The sales closed Friday. The plants in which Redwood is buying stakes are known as the Juniper Generation Plants, according to El Paso documents.
SPORTS
February 15, 2000 | ALAN ABRAHAMSON, TIMES STAFF WRITER
The John Hancock insurance company, whose president had emerged as the most vociferous corporate critic of the International Olympic Committee, announced today it is re-upping as one of the IOC's key big-money sponsors. Hancock President and CEO David F. D'Alessandro and IOC officials said the firm is opting in again to the Olympics' worldwide sponsorship program, known as TOP--The Olympic Partnership program.
BUSINESS
June 3, 1999 | Associated Press
The head of the Olympics' biggest revenue source accused a major sponsor of damaging fund-raising for American athletes through "cynical . . . self-serving" attacks on the International Olympic Committee. NBC Sports President Dick Ebersol called John Hancock Mutual Life Insurance Co. President David D'Alessandro a "bully" who has used the Olympics scandal to generate favorable publicity for his own gain.
BUSINESS
May 11, 1999 | TIM QUINSON, BLOOMBERG NEWS
What's your tolerance for a stock market decline? Many Americans say they would reduce their buying of stocks for their retirement accounts if the U.S. market fell 20% or more, according to a recent survey by Boston-based John Hancock Mutual Life Insurance Co. About half the 801 people surveyed said they would either transfer money out of stocks or put less of future contributions in stocks if the market fell 20%, the level of the decline that most analysts consider a bear market.
BUSINESS
February 4, 1997 | Times Staff and Wire Reports
WellPoint Health Networks Inc. said SelectCare Inc. of Troy, Mich., obtained a preliminary federal court injunction last week in Detroit temporarily blocking WellPoint's $86.7-million acquisition of John Hancock Mutual Insurance Co.'s group health businesses. WellPoint said SelectCare claims the sale would violate a confidential agreement between it and John Hancock.
BUSINESS
October 5, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
John Hancock Mutual Life Insurance Co. said Friday that it has agreed to sell its Sutro & Co. and Tucker Anthony Inc. stock-brokerage units to a group led by the firms' managers for $180 million. Sutro, headquartered in San Francisco, and Boston-based Tucker Anthony are respected but small, regional competitors in the securities industry, and Hancock said it's shedding the firms to focus on its core insurance lines.
BUSINESS
October 4, 1996 | DAVID R. OLMOS, TIMES STAFF WRITER
Moving a step closer to its goal of becoming a national force in health care, WellPoint Health Networks Inc. is near an agreement to buy the health insurance unit of John Hancock Mutual Life Insurance Co., sources familiar with the talks said Thursday. Sources said the deal could be announced in a few days, but that no final agreement had yet been reached. The purchase price could not be determined.
SPORTS
February 15, 2000 | ALAN ABRAHAMSON, TIMES STAFF WRITER
The John Hancock insurance company, whose president had emerged as the most vociferous corporate critic of the International Olympic Committee, announced today it is re-upping as one of the IOC's key big-money sponsors. Hancock President and CEO David F. D'Alessandro and IOC officials said the firm is opting in again to the Olympics' worldwide sponsorship program, known as TOP--The Olympic Partnership program.
BUSINESS
February 4, 1997 | Times Staff and Wire Reports
WellPoint Health Networks Inc. said SelectCare Inc. of Troy, Mich., obtained a preliminary federal court injunction last week in Detroit temporarily blocking WellPoint's $86.7-million acquisition of John Hancock Mutual Insurance Co.'s group health businesses. WellPoint said SelectCare claims the sale would violate a confidential agreement between it and John Hancock.
BUSINESS
September 5, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
Senior executives of Sutro & Co. and Tucker Anthony Inc., the two brokerage units of John Hancock Mutual Life Insurance Co., are near a pact to buy the firms from Hancock for about $180 million, people familiar with the talks said Wednesday. The talks involve the combined purchase of both firms by a management-led investor group, and an announcement could come as early as this week, the sources said.
BUSINESS
July 20, 1991 | From Times Staff and Wire Reports
The bad news continued Friday for the insurance industry as Moody's Investors Service lowered its credit ratings on six prominent life insurance companies because of their investments in troubled commercial real estate. The New York-based credit rating agency downgraded John Hancock Mutual Life Insurance Co. of Boston; Massachusetts Mutual Life Insurance Co. of Springfield, Mass.; Mutual Life Insurance Co. of New York; New England Mutual Life Insurance Co.
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