Deals
Hartford Rises as CEO Responds to Paulson’s Breakup Push
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Hartford Financial Services Group Inc. gained after Chief Executive Officer Liam McGee responded to billionaire John Paulson’s call for a breakup with plans to shut or sell parts of the 201-year-old insurer.
Hartford rose 1.4 percent to $22.02 at 4:04 p.m. in New York and advanced as much as 7.3 percent during the session. Hartford, based in the Connecticut city of the same name, will stop selling individual annuities and seek buyers for its individual life, Woodbury Financial Services and retirement-plan operations, the company said today in a statement.