US-based investment management firm Trian Fund Management's founding partner Nelson Peltz has acquired stakes in PepsiCo and Mondelēz International. Peltz has acquired stakes valued at about $1.4bn each in PepsiCo and Mondelez ...
Tags: Nelson Peltz, Agriculture
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
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
Though IT trailed other sectors as market indices rose to milestone highs this quarter, some bright spots in earnings and market research reports this week indicate continuing confidence that things will go better for tech this year than in ...
Tags: IT, software, Computer Products
Dutch insurance firm ING Group has sold its 26% stake in ING Vysya Life Insurance Company to its joint venture partner Exide Industries for an undisclosed amount. The deal, which was originally inked in January this year, is a part of a ...
Tags: Life Insurance, Insurance, insurance firm
Oil futures settled higher Wednesday, partially rebounding from Tuesday's sharp selloff on uncertainty in Cyprus, after weekly inventory data from the US Energy Information Administration proved to be unexpectedly bullish. NYMEX April ...
Tags: Oil, Chemicals, Metallurgy
Allianz Life Insurance Company of North America (Allianz Life) has promoted Michele Roepke as the new assistant vice president of Human Resources (HR) to address requirements of multiple business areas. Reporting to chief human resources ...
Tags: Allianz Life, Life Insurance, Insurance
Investors took a record high for US stocks - the bellwether Dow Jones Industrial Index eclipsing its pre-global financial crisis peak - as confirmation that the US economic recovery is gathering strength and sent the local market to its ...
Tags: US stocks, Stockmarkets, Stocks
Dutch financial conglomerate ING has agreed to dispose of its 36.5% % stake in Brazilian joint venture (JV) SulAmérica, to its partner Larragoiti Family, for an undisclosed sum. Without revealing further terms of the agreement, the ...
Dutch insurer ING has disposed of its underwriting businesses in Hong Kong, Macau and Thailand to Pacific Century Group (PCG), for a combined consideration of €1.64bn ($2.14bn) in cash. ING insurance operations in Hong Kong and Macau ...
IDG News Service - The growing number of shareholders voicing opposition to Dell's US$24.4 billion plan to go private appears to be putting the company increasingly on the defensive, raising questions about the terms of the deal. This is ...
Barclays Corporate & Employer Solutions (C&ES) division has joined hands with Aegon and Zurich to offer a corporate pension platform, as part of its C&ES workplace savings offering. Aegon and Zurich will support the pension element of the ...
Questions are being raised about the terms of Dell’s $24.4 billion buyout deal, as the number of shareholders voicing opposition to the plan appears to be growing. Dell is now increasingly on the defensive. This is not good news ...
Tags: Dell, buyout deal, shareholder
Standard Life is reportedly engaged in discussions with Newton Investment Management over a potential deal to acquire wealth management unit in a deal expected to be finalized around pound 90m. The deal is expected to be announced soon, ...
Tags: Standard Life, Newton Investment Management, wealth management unit
Southeastern Asset Management, Dell's biggest external shareholder, has written a letter to Dell's board of directors to express its "extreme disappointment" at the company's $24.4bn (£15.54bn) buyout deal, claiming that it "grossly ...