Dutch financial conglomerate ING, has agreed to dispose of its 49% stake in Korean joint venture (JV), KB Life Insurance Company (KB Life), to venture partner KB Financial Group. A total consideration of KRW166.5bn (€115m) will be ...
Tags: ING, KB Life Insurance
The commercial pet foods industry rakes in billions of dollars annually.In exchange for our dollars,we trust the companies to provide our pets with quality nutrition.The recent pet food recall demonstrated that our trust has been ...
ThyssenKrupp, a German multinational conglomerate corporation has planned to cooperate with Ansteel, who is the second largest steel maker in China to construct a new hot dip galvanized production line for expansion. This joint venture ...
Tags: Metallurgy, Mineral, Energy, steel
Germany's Osram is launching a new LED light bulb that costs less than 10 euros ($13.10) to battle rivals, such as Cree and Samsung Electronics, for a share of the fast-growing market. LED - known for lighting flat ,screen televisions and ...
Tags: LED Bulb price, LED, LED Bulb
London-headquartered diversified financial conglomerate HSBC is gearing up to offload its general insurance business in Macau, as part of its strategy to get rid of unprofitable businesses across the globe. One of its indirect wholly ...
ING US is gearing up to rebrand its business as Voya Financial, with a strategy to support its mission of proactively guiding Americans on their financial journey to and through retirement. The operational rebranding process will take ...
Tags: ING, US Operation, Financial
Diversified insurance conglomerate Liberty Mutual Insurance has appointed Glenn Shapiro as its new executive vice president, commercial insurance, and chief claims officer. Replacing George Neale, Shapiro will also lead a commercial lines ...
Tags: Liberty Mutual Insurance, Commercial Lines Claims Organization
Australian miner Sundance Resources has announced that it has terminated the takeover agreement with Hanlong Mining, a subsidiary of Sichuang Province-based Chinese industrial conglomerate Sichuan Hanlong (Group) Co., under which Hanlong ...
Tags: Metallurgy, Mineral, Energy
Accell Group will merge bike production for its Batavus and Sparta brands, the company announced this week. Production will consolidate under one roof at the company's headquarters in Heerenveen. Accell's Juncker Bike Parts will be moved ...
Tags: Transportation, bike
US-based diversified conglomerate Berkshire Hathaway has agreed to reimburse $610m to Swiss Re, a re/insurance group, over a life retrocession agreement that was completed in 2010. After the completion of the agreement, the total ...
Tags: Service
MHI licenses marine deck crane technology to STX Construction (Dalian), aiming at further expansion of global market share Friday, Mar 29, 2013 Mitsubishi Heavy Industries, Ltd. (MHI) has signed an agreement with STX Construction (Dalian) ...
Tags: Service, Transportation
Tokyo-based diversified conglomerate Itochu Corporation has entered into an agreement with Asahi Mutual Life Insurance to jointly set up a marketing company that will engage in market development, development of sales channels, and sales ...
Over the past two weeks, glass manufacturing workers at CSR Viridian’s plants in Sydney and Melbourne have spoken to World S ocialist W eb S ite correspondents about the closure and merger of facilities that will cost more than 200 ...
Tags: CSR glass, glass, glass industry
Fujitsu has paid $1.2 billion into its pension funds for current and former U.K. employees, and renegotiated cuts to ongoing pension contributions, freeing up cash to grow other areas of its U.K. business, the company said Monday. The ...
Tags: Fujitsu, Fund Deficit, Electronics
PPR has changed its name to Kering. The name change will be subject to the approval of the General Meeting of Shareholders of the Group, which will be held June 18, 2013. Since 2005, PPR has undertaken a major transformation. The new ...
Tags: Apparel leader, luxury brands, clothing