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BRIEF: Companies With Major Connecticut Presence On Short-Sale List(Hartford Courant, The (CT) (KRT) Via Acquire Media NewsEdge) Sep. 20--Companies with a major Connecticut presence made the federal government's list Friday of 799 banking and insurance businesses that will be protected temporarily from short-sellers in the stock market. But The Hartford and MetLife were missing. The Hartford Financial Services Group and MetLife were not initially on the Securities and Exchange Commission's protection list because of a coding problem, but are expected to be added. Companies on the list include Aetna Inc., CIGNA Corp., The Travelers Cos., The Phoenix Cos., Lincoln National Corp., People's United Financial Inc. and Webster Financial Corp. The ban, running through Oct. 2, involves short sales, which are a bet that a stock's price will fall. In a short sale, you typically borrow shares of a stock and sell them, hoping the stock's price will fall so you can buy the stock later at a lower price to make a profit. To see more of The Hartford Courant, or to subscribe to the newspaper, go to http://www.courant.com/. Copyright (c) 2008, The Hartford Courant, Conn. Distributed by McClatchy-Tribune Information Services. For reprints, email [email protected], call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA. |