Australian miner Fortescue Metals Group has announced that Taiwan-based Formosa Plastics Group has invested US$1.15 billion in the FMG Iron Bridge Joint Venture, established to develop the FMG Iron Bridge Project, which is 88 percent owned ...
Prudential Insurance Company of America (PICA) and Bank Simpanan Nasional (BSN) have agreed to acquire 100% of Uni.Asia Life Assurance’s (UAL) issued and paid-up ordinary share capital, to boost their insurance operation in Malaysia. ...
Tags: Life Assurance
Benefits, insurance and wealth management services provider National Financial Partners (NFP) has purchased the Wood Insurance Group (WIG), a professional liability insurance provider, for an undisclosed sum. Following completion of the ...
Tags: Insurance Group, insurance
US based radio services provider SiriusXM has signed a definitive agreement to acquire the connected vehicle services business of the telematics provider Agero for $530m. After the completion of the transaction, SiriusXM will offer ...
Tags: radio services, Vehicle Telematics
Market Track, LLC, the leading provider of retail promotion and pricing intelligence solutions in North America, announced that it has agreed to acquire Dynamite Data, LLC. Market Track will retain Dynamite Data’s key leadership team, ...
Tags: Dynamite Data, Textile
Cooper Tire & Rubber Co.'s passenger and truck tire plant in Rongcheng, China, remains unmanned following a work stoppage that begin in July. The stoppage coincided with the announcement that Apollo Tyres Ltd. had purchased the Findlay, ...
Tags: Cooper Tire, truck tire
After Daifuku Webb Holding Company today announced an agreement to acquire Wynright Corporation, Modern reached out to Sarah Carlson, marketing director at Daifuku, for her perspective on what the planned acquisition means for the company ...
Silgan Holdings Inc. a supplier of rigid packaging for shelf-stable food and other consumer goods products, announced August 13 that it entered into a definitive agreement to purchase Portola Packaging, Inc., a manufacturer of plastic ...
Google is distributing patches for a cryptography flaw in Android that may affect hundreds of thousands of applications. The patches have been passed to partners belonging to the Open Handset Alliance, a trade group dedicated to ...
IBM is to acquire security firm Trusteer, whose software aims to help protect organisations against financial fraud and advanced security threats. Financial terms were not disclosed. Further reading IBM acquires cloud computing firm CSL ...
Tags: IBM, Financial Security
Wesfarmers Limited has announced a net profit after tax (NPAT) of $2,261 million for the full-year ended 30 June 2013, an increase of 6.3 per cent on the previous corresponding period. The group's retail businesses achieved solid growth ...
Silgan Holdings, a US-based supplier of rigid packaging for shelf-stable food and other consumer goods products, has agreed to acquire Portola Packaging, a manufacturer of plastic closures, for $266m. Portola Packaging operates eight ...
Tags: Silgan, Plastic Closures
Sunovion Pharma and San Diego-based drug discovery platform company Afraxis have entered into a partnership agreement to use the unique enhanced spine platform (ESP), to boost Sunovion’s preclinical central nervous system (CNS) drug ...
Tags: Sunovion Pharma, Afraxis
Apollo Global Management (Apollo) has agreed to provide a set of heightened policyholder protections as part of Athene Holding's proposed acquisition of Aviva Life and Annuity Company of New York (Aviva New York). The New York's ...
Tags: Apollo, Policyholder Protections
Manulife Financial has entered into business arrangements to reinsure the travel insurance coverage sold by Canada-based RBC Insurance through travel agencies. The companies, however, have not disclosed financial terms of the ...
Tags: Insurance