Tesco is to step up its assault in the e-commerce space with the launch of two specialist websites for e-books and music later this year. The firm has hired Facebook's head of retail for EMEA, Gavin Sathianathan, to lead Blinkboxbooks, ...
Tags: Tesco, e-commerce, e-books
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 ...
Companies with IT security strategies that focus mostly on complying with key standards are dangerously unprepared for emerging cyber threats, said security experts. Over the past few years, the security strategies of many companies and ...
Tags: IT security strategies, emerging cyber threats, security strategies
The local sharemarket retreated from a 4 1/2-year high yesterday before last-minute budget talks at the White House aimed at avoiding $US85 billion ($83bn) of automatic US spending cuts, the so-called sequester, which were due to take ...
Tags: sharemarket, Shares, benchmark
The Australian sharemarket retreated from a four-and-a-half year high before last-minute budget talks at the White House aimed at avoiding $US85 billion of automatic spending cuts, the so-called sequester, due to start taking effect today ...
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 ...
Insurance holding company Assured Guaranty has reported net income $110m, or $0.57 per share for the year 2012, compared to $773m or $4.16 per share during the same period last fiscal. The decline in the net income was primarily due to ...
UK underwriter Aviva has agreed to sell Aviva Russia to Blagosostoyanie, a Moscow-based non-state pension fund, for a cash consideration of €35m. Subject to the approval of the Federal Antimonopoly Service of the Russian Federation, ...
Tags: Aviva, Blagosostoyanie, cash consideration
CieloStar has introduced a private health insurance and benefits exchange, CieloChoice, to help navigate the full range of health care and other benefits. Employers, associations, affinity groups and brokers can use CieloChoice to offer ...
Tags: CieloStar, private health insurance, benefits exchange
IGI Group, a wholly owned subsidiary of global insurance holding company AmTrust Financial Services, has purchased Car Care Plan (Holdings) (CCPH) from Ally Insurance Holdings, in a deal valued at nearly $70m. Commenting on the ...
Tags: IGI Group, global insurance, AmTrust Financial Services, CCPH
Keystone Insurers, a property and casualty insurance broker, has announced that Columbia-based based Barger Insurance Agency has joined the firm as its 23rd franchise partner in Kentucky. Barger Insurance Agency president Susan Loy said, ...
Tags: Keystone Insurers, property and casualty insurance broker
American International Group (AIG) has introduced a new product under its NextGen Protection family to address requirements of transportation and logistics industry. Dubbed PLL Transportation and Logistics Protect, the newly released ...
Tags: AIG, new product, NextGen Protection family
Beijing plant will supply panel makers on the China mainland Corning Incorporated (NYSE:GLW) today hosted a grand opening ceremony for a new liquid crystal display (LCD) glass substrate manufacturing facility in the People's Republic of ...
Tags: LCD Glass
Open GI has acquired PowerPlace from Towergate for an undisclosed amount, to provide brokers with a platform that strengthens existing client services whilst offering a comprehensive distribution channel for the lower premium end of their ...
Tags: Open GI, PowerPlace, undisclosed amount
Life insurer MetLife is planning to refund nearly $190m to American International Group (AIG) following a victory by one of its units in legal proceedings filed in a Tokyo court. The American Life Insurance Co (Alico), which won the ...
Tags: MetLife, Life insurer, AIG