General Electric (GE) is reportedly considering sale of its Australia-based insurance business, GE Capital Insurance, in an effort to adjust its Australian portfolio, a source familiar with the deal has revealed. The source was quoted by ...
Chinese banks fuel expansion overseas in succession due to a profit slowdown rooted from the domestic economic downturn. For an example, Bank of Communications (BoCom, SEHK: 3328 and SHSE: 601328), the fifth-biggest commercial lender ...
Tags: economy, China Banks, Fueling Expansion
Housing starts in Canada were trending at 182,754 units in April compared to 188,369 in March, according to the Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted ...
US-based insurer MetLife has introduced Income Guard disability insurance product, intended to meet specific needs for consumers, while providing ability to customize their coverage. The disability insurance will meet the unique needs of ...
Tags: Metlife, Insurance Product
Wells Fargo has agreed to make Prudential Retirement’s guaranteed lifetime income solution, IncomeFlex Target, available to its over 3,000 defined contribution retirement plans, to cover over three million plan participants. ...
Tags: Wells Fargo, Prudential Retirement
American International Group (AIG) has reported net income attributable to the company of $2.2bn and after-tax operating income of $2bn for the first quarter of 2013, compared to $3.2bn and $3bn, respectively during the same period last ...
Many U.S. tech companies are pushing hard this year for an increase in the number of high-skill immigrants allowed into the country, but many veteran IT workers question their motives for wanting to increase the number of visas under the ...
Tags: Tech Firms, iT Veterans
Shares pared an early rise as profit-taking emerged before the release of US non-farm payrolls data due overnight. Strong earnings results from Westpac and Macquarie Group, together with a jump in resources stocks initially boosted the ...
Tags: Payrolls Data, Stocks
The sharemarket pared an early rise as profit-taking emerged before the release of US non-farm payrolls data due overnight. Strong earnings results from Westpac and Macquarie Group, together with a jump in resources stocks, initially ...
Genworth Financial has reported net income of $103m, or $0.21 per diluted share, compared to $46m, or $0.09 per diluted share, during the first quarter last year. Net operating income was $151m, or $0.30 per diluted share, against $17m, ...
Tags: Genworth Financial, Net Income
Foreign banks continue selling stake in Chinese lenders due to uncertainties of the Chinese economy. Sources said recently that HSBC would sell an eight percent stake in Bank of Shanghai, a city-level commercial lender in the Chinese ...
Tags: Foreign Bank, bank, economy
iQual has signed an agreement to provide its ApprovalGUARD service to Radian Guaranty, the private mortgage insurance subsidiary of Radian Group (RDN). The ApprovalGUARD will support Radian Guaranty's borrowers, who recently modified ...
Tags: Radian, iQual, Approvalguard Service
Hooker Furniture said sales rose 9.7% in the fourth quarter, as the company finished its fiscal year with solid performances by its case goods and upholstery segments. Profits also jumped to $3.7 million, or 34 cents per share, in the ...
Tags: Hooker Furniture, Furniture, Furnishing
AIMS 360, the industry's leading apparel ERP software system and Hana Financial, one of the leading Factors in the fashion industry are now integrated with AIMS. "The integration allows AIMS and Hana Financial clients to pass orders ...
Rio Tinto, leading international mining group, is facing a difficult time. The group’s aluminum subsidiary and by far the world’s 4th largest aluminum producer, previously known as Rio Tinto Aluminum, had suffered a write down ...