Reuters reported that Abu Dhabi National Energy Company has hired 5 banks to arrange investor meetings ahead of a potential benchmark size bond sale. TAQA, in which the Abu Dhabi government owns a majority stake, picked BNP Paribas, ...
Tags: TAQA, Abu Dhabi National Energy, BNP
Chinese industrial companies' profit gains surged in October and turned positive for the year as factory output accelerated and export growth picked up following a seven-quarter economic slowdown. The National Bureau of Statistics said ...
Tags: China Industrial Company Profit, net income, research report
Luxembourg-based CVC Capital Partners–led group has agreed to purchase insurance-claims adjuster Cunningham Lindsey from Stone Point Capital and Fairfax Financial Holdings in a deal valued between $900m and $1bn including debt. An ...
Tags: insurance-claims, CVC Capital Partners, Fairfax, insurer
The US Department of the Treasury has launched an underwritten public offering of $18bn of its American International Group (AIG) common stock, of which AIG is likely to purchase $5bn of the stock at the initial public offering price. The ...
Tags: Treasury, American International Group, underwriters, sale of securities
Citigroup is cutting 11,000 jobs,many in IT,as part of a restructuring announced Wednesday. The job cuts are part of a plan to save about$900 million through a variety of actions,including"increasing standardization and the use of ...
Tags: Citigroup, job cuts, IT, automated processes
Luxembourg-based CVC Capital Partners–led group has agreed to purchase insurance-claims adjuster Cunningham Lindsey from Stone Point Capital and Fairfax Financial Holdings in a deal valued between $900m and $1bn including debt. An ...
Tags: CVC, Bes, board of directors, insurance
American International Group (AIG) said that the US Department of the Treasury has set an offer price of 30.50 per share for its 163,934,426 shares. The recent move to offload the AIG's share is a step ahead to free the money, it invested ...
Tags: American International Group, underwriter, Stock, insurance
British Insurance firm Aviva's chief executive officer Andrew Moss has stepped down from his position with immediate effect after shareholder revolt over pay. The board has requested chairman designate John McFarlane to become ...
Tags: Aviva, Andrew Moss, insurance company, insurance
Tempur-Pedic International Inc,the leading manufacturer,marketer and distributor of premium mattresses and pillows worldwide,and Sealy Corporation,a leading global bedding manufacturer,announced that they have signed a definitive agreement ...
Tags: bedding manufacturer, mattresses, pillows, pressure-relieving material
Canada's private equity investment firm Onex has inked a definitive agreement to purchase USI Insurance Services from GS Capital Partners VI Fund,and certain of its affiliates(GS Capital Partners),for nearly$2.3bn. The agreement,which ...
Danaher Corp (DHR.N) and Cooper Industries (CBE.N) will sell their hand and power tools joint venture, Apex Tool Group, to Bain Capital for about $1.6 billion, joining a growing group of U.S. conglomerates that is divesting its non-core ...
Tags: Market View, Power tool
An international gang of cyber crooks is plotting a major campaign to steal money from the online accounts of thousands of consumers at 30 or more major U.S.banks,security firm RSA warned. In an advisory Thursday,RSA said it has ...
Tags: Cybercriminal, Trojan Attack, international gang of cyber crooks, RSA
HOUSTON -- Mattress Firm has announced that two of its key owners, along with some members of management, will sell 4.7 million shares of stock in the retailer through an offering. No date was given for the offering. The underwriters of ...
Tags: Mattress
Dutch insurer ING has decided to offload all of its 54 million shares in Capital One Financial, a US based financial holding company, after disposing its US online banking unit earlier this year. The deal will be carried out at current ...
Tags: ING, Capital One, financial holding company
Italy-based Generali is contemplating to dispose its US life reinsurance business, thus paving a way to exit from US underwriting market. Italian largest insurer by annual premiums has appointed Citigroup to counsel it on the proposed ...
Tags: insurance, life reinsurance, reinsurance, increase