Saturday, November 20, 2010

Market News: Raytheon (NYSE:RTN), Amazon.com (NASDAQ:AMZN), Hartford Financial Services (NYSE:HIG)

Here are some more breaking stock news briefs which could see some changes on the markets later. The following companies should see some movement: Raytheon (NYSE:RTN), Amazon.com (NASDAQ:AMZN), Hartford Financial Services (NYSE:HIG). Here is a more detailed look at the news that will affect each company when trading continues. Raytheon (NYSE:RTN) Raytheon (NYSE:RTN) employee Lynn Dugle has been appointed to the Board of Directors of the National Security Alliance. Intelligence and National Security Alliance (INSA) has selected Lynn Dugle, president of Raytheon’s (NYSE:RTN) Intelligence and Information Systems (IIS), as one of the organization’s newest board members. Currently, she is responsible for overseeing operational capabilities including intelligence, surveillance and reconnaissance of Raytheon (NYSE:RTN). Lynn Dugle said, “It’s an honor for me to serve on INSA’s distinguished board and to take part in the critical discussion shaping and promoting the ideas for safeguarding our nation.” Amazon.com (NASDAQ:AMZN) A new search function has rolled out at Amazon.com (NASDAQ:AMZN). The new functionality will help customers to search and browse for shoes based on how they look, allowing them to find the styles they want easily and quickly. Amazon.com (NASDAQ:AMZN) has also started offering a number of shoe shapes that customers can choose from. Bill Stasior, president of A9 of Amazon.com (NASDAQ:AMZN) said, “With the launch of this new search feature, finding the right pair of shoes becomes even easier for customers, presented with a palette of shapes, representing different styles of shoes and that palette is constantly changing to match the customer’s context." Hartford Financial Services (NYSE:HIG) Good news for Hartford Financial Services (NYSE:HIG) today, as they said the number of sales of life insurance has gone up. The company has noticed a 14% growth in life insurance sales in the third quarter of 2011, ending on Sept 30. Independent agents called "Monarch" were appointed by Hartford Financial Services (NYSE:HIG) to sell their permanent life policies in January. These agents are cited as one of the reasons for the growth in sales by the company. Brian Murphy, executive vice president of the individual life business of Hartford Financial Services (NYSE:HIG) said, “The Monarch program has really resonated in the marketplace and outstripped our expectations. Over 90 percent of Monarchs are submitting business and paid results continue to accelerate.” We could see more movement when trading continues for Raytheon (NYSE:RTN), Amazon.com (NASDAQ:AMZN) and Hartford Financial Services (NYSE:HIG).
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