MetLife extended its longest streak of losses since becoming a publicly traded company in 2000 as derivatives soured.
(Mark Lennihan/ Associated Press/ File/ 2009)
MARKET MOVERS
3d straight loss in period haunts MetLife
MetLife extended its longest streak of losses since becoming a publicly traded company in 2000 as derivatives soured.
(Mark Lennihan/ Associated Press/ File/ 2009)
New York-based MetLife Inc. sunk after the biggest US life insurer posted its third straight loss as the bond market rally that helped restore profits at smaller rivals weighed on results. The third-quarter net loss was $620 million, or 79 cents a share, compared with net income of $630 million, or 83 cents, in the year-earlier period, the company said. It was the seventh consecutive quarterly decline.
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