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A new drug expected to shake up cholesterol market

...position. It has best-in-class efficacy without the safety hangups," said Tim Anderson, an analyst at Prudential Securities. He predicts Vytorin sales will hit $3.4 billion by 2008. Vytorin, made by Merck/Schering-Plough Pharmaceuticals...

http://chronicle.augusta.com/stories/2004/07/20/liv_422696.shtml
Life & style
Amended complaint alleges mutual fund trading fraud by Prudential brokers

BOSTON -- Five former Prudential Securities brokers and their manager used fake identities and other...hedge funds have been formally charged with wrongdoing. Prudential Securities merged last year with Wachovia Securities LLC. Wachovia...

http://chronicle.augusta.com/stories/2004/07/16/fin_422306.shtml
Finance
Judge dismisses SEC case against former brokers; SEC to refile

...dismissed a complaint by federal securities regulators alleging that six former brokers and branch managers at Prudential Securities Inc.'s Boston office were involved in improper trading. U.S. District Judge Reginald C. Lindsay dismissed...

http://chronicle.augusta.com/stories/2004/06/16/fin_419086.shtml
Finance
NASD concerned about sales abuses in variable annuities

...those of the New York State Insurance Department. The NASD also ordered the firm to pay affected customers of Prudential Securities $9.5 million. The company's review of annuities sales in mid-2002 uncovered altered documents, leading...

http://chronicle.augusta.com/stories/2004/04/27/fin_413586.shtml
Finance
Alliance, regulators close to a deal, source says

...committed fraud. Formal accusations have been brought against Putnam Investments, Pilgrim Baxter & Associates and Prudential Securities, and many other fund companies have said they are facing possible charges - including Alliance. Alliance is...

http://chronicle.augusta.com/stories/2003/12/17/fin_392414.shtml
Finance
Growing regulatory probe threatens to dampen fund firm profits

...funds. And several other companies, including Merrill Lynch & Co., Alliance Capital Management Holding LP, Prudential Securities and Fred Alger Management, in recent weeks have suspended or fired employees believed to have engaged in illegal...

http://chronicle.augusta.com/stories/2003/11/03/fin_387951.shtml
Finance
Nasdaq soars to 17-month high in latest rally

...jumping on board, because the market averages are making new highs," said Larry Wachtel, market analyst at Prudential Securities. For much of the day, the market moved unsteadily, rising initially but then dipping lower before recovering...

http://chronicle.augusta.com/stories/2003/09/03/fin_384274.shtml
Finance
Investors take profits from recent gains

...69.66 after Legg Mason lowered its rating to "hold from "buy." Alcoa fell 34 cents to $27.79 after Prudential Securities downgraded it to "hold" from "buy." Wal-Mart advanced 65 cents to $59.05 after raising its August same-store...

http://chronicle.augusta.com/stories/2003/08/26/fin_386158.shtml
Finance
Stocks advance on strong bank earnings

...up and away. There might have ben an aspect of too much, too soon," said Larry Wachtel, market analyst at Prudential Securities. The Dow closed up 57.56, or 0.6 percent, at 9,177.15, having gained 0.5 percent last week. The...

http://chronicle.augusta.com/stories/2003/07/15/fin_381181.shtml
Finance
Stocks mixed ahead of Fed decision on interest rates

...increasing its quarterly dividend to 23 cents from 21 cents. Merrill Lynch advanced 92 cents to $46.64 after Prudential Securities raised its recommendation on the investment banker's stock to "buy" from "hold." But Advanced Micro Devices...

http://chronicle.augusta.com/stories/2003/06/25/fin_379381.shtml
Finance