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Christopher Cooper, who had been the head of wealth management for Prudential’s international investments business, is that unit’s new chairman and CEO.

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Tech shares move higher after IBM reaffirms its full-year outlook.

Mr. Pelletier had been the chairman and chief executive officer of the Newark, N.J., company’s international investments business.

MyTerm is a new term life insurance product issued by Pruco Life Insurance Company designed to be attractive to the mass middle market consumer.

Prudential Financial Inc. announced it is partnering with BB&T Insurance Services Inc. to offer MyTerm, an immediate issue term life insurance policy available through the Internet, to its customers.

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Treasury Secretary Hank Paulson may use his new bailout powers in another bid to ease the financial crisis, but fear keeps stocks in check.

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Prudential Financial Inc. announced that Thomas J. Baltimore, Jr. has been elected to the company’s board of directors, effective October 1, 2008.

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