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MetLife Inc., the biggest U.S. life insurer, withdrew its 2008 earnings forecast and said third- quarter operating profit fell as much as 48 percent as investment income declined. The company plans to sell 75 million shares.[…]MetLife is writing down its $350 billion investment portfolio as the biggest housing slump since the Great Depression pushes down the value of fixed-income and equity holdings.
Außerdem in den Nachrichten: die US-Rentenfonds haben in den letzten 15 Monaten 2 Billionen Dollar verloren.