Indian automobile firm Tata Motors and Italian automaker Fiat have ended their distribution pact, clipping their six-year sales relationship. Following the deal, Italian car maker will take full control of sales, marketing and service ...
Tags: Tata Motors, Fiat, distribution pact, engines, transmissions
US based automotive parts maker Johnson Controls has signed an agreement to acquire bankrupt lithium iron phosphate batteries and systems manufacturer A123 Systems' auto business for $125m. Under the terms of agreement Johnson Controls ...
Tags: Johnson Controls, bankrupt lithium iron phosphate batteries
Reinsurance Group of America has registered a second-quarter net income of $141.1m, or $1.91 per diluted share, against a net income of $123.9m, or $1.66 per diluted share in the prior-year quarter. For the current quarter period, its ...
Tags: Reinsurance Group, quarter 2 net income, insurance, reinsurance
Prudential Financial, a diversified US financial conglomerate net income has boosted by 182% to $2.2bn for the second quarter of 2012, against a net income of $779m during the year ago quarter. For the latest quarter period, its net ...
Tags: Prudential Financial, net income, quarter 2, financial conglomerate
American Honda Motor and Zipcar have entered into an agreement under which the automaker will become a preferred vehicle manufacturer for Zipcar. As per the deal, the automaker will add a couple of hybrid and electric-vehicles to Zipcar's ...
Tags: American Honda Motor, Zipcar, CR-V crossover sport utility vehicle
BT has confirmed a nationwide network problem that has affected broadband users across the country. On social networking site Twitter,the telecoms giant said:"Sorry if you were unable to use the internet this morning,we've got a network ...
Tags: Broadband down, busiest e-shopping day, BT, nationwide network problem
Guidewire Software, a property/casualty (general) insurers’ technology provider, has elected Guy Dubois as a new director to its Board of Directors. Guidewire Software chief executive officer Marcus Ryu said, "He brings a veteran ...
Tags: Guidewire Software, Guy Dubois, new director, insurance, property, casualty
CSC has licensed components of its Integral insurance administration software suite to Aviva Life Insurance Company India, under a deal signed by both parties in the first quarter of fiscal 2013. As part of Aviva India's business systems ...
Tags: CSC, insurance software, insurance, life insurance
The Guardian Insurance & Annuity Company (GIAC), a wholly-owned subsidiary of The Guardian Life Insurance Company of America, has selected Jasonn Potter as the regional vice president for its retirement plans sales team. In his new role, ...
Tags: GIAC, The Guardian Life Insurance, Jasonn Potter, regional vice president
Genworth Financial has reported a net income of $76m, or $0.16 diluted earnings per share, for the second quarter of 2012, compared to a net loss of $136m, or $0.28 diluted loss per share, for the same period in 2011. The total revenues ...
Tags: Genworth Financial, net income, second quarter, finance
Susquehanna Bancshares has selected Capital BlueCross to serve as its health insurance provider. Under the three-year contract, which follows previously signed 12 year agreement, the company will continue to offer health coverage to 4,900 ...
Tags: Susquehanna Bancshares, Capital BlueCross, health insurance, insurance
UK-based specialist insurance and reinsurance broker, Miller Insurance Services has appointed Warren Dann to help develop its sector targeting strategy. Additionally, Dann will also be tasked with growing the company's portfolio of ...
Bottled water company in the US, Nestlé Waters North America will supply more than five million bottles of water to communities in New York and New Jersey, which are hit by Hurricane Sandy. According to Nestlé Waters, about ...
Privately owned insurance broker Lockton has established a joint venture with reinsurance broker, Security Re, in Ecuador, to strengthen its capability in the Latin American region. The new establishment will be branded as Lockton ...
Tags: Lockton, joint venture, Latin America, reinsurance, insurance
Global brewer Molson Coors has launched its Corona Extra Mexican beer in new 710ml bottles, which will be available in the off-trade from 1 May 2012. Molson Coors Corona senior brand manager Darius Burrows said the beer is all about ...
Tags: marketing investment, marketing campaign, bottle launch