New York-based private equity firm Southport Lane has acquired property and casualty insurer Dallas National Insurance in Texas, for an undisclosed sum. As per terms of the agreement, which was originally signed in May 2012, the acquirer ...
Tags: National Insurance, insurer, Insurance
In some funny places in the outside world, Switzerland is known as being a country full only of rich people with golden Swiss wristwatches eating Swiss (!) chocolate 24 hours a day. This by far is not true. However, in each rumor there is a ...
Tags: Switzerland, culture, Swiss
Westpac's plain-speaking London economist James Shugg remains as gloomy about the global economy as he was over a year ago, when he said the Australian dollar could plunge to US80c and a break up of the eurozone would prompt a "global ...
Tags: Westpac, James Shugg, global economy
Apple's annual shareholder meeting held at Apple headquarters in Cupertino California on Wednesday. Apple All directors were re-elected at the shareholders' general meeting. Apple CEO Tim Cook • voting rate reached 99.1%. In ...
Tags: Apple, CEO, shareholders'meeting
The Australian dollar regained losses incurred after Italian election results added to concerns the debt-ridden country could abandon austerity measures. At 7am AEDT the currency was trading at 102.89 US cents, up from 102.79 US cents at ...
Tags: Australian dollar, currency, US cents
The next 5-10 years will present a significant challenge for global business, with a new event promising to help business leaders navigate the ‘biggest period of global change since the industrial revolution’. The inaugural ...
The sharemarket recovered as investors piled into high-yield stocks after Thursday's steep decline, which followed the release of US Federal Reserve minutes showing growing concern among Fed members about potential side-effects of its ...
Tags: sharemarket, stock, US Federal Reserve
The Australian dollar fell slightly against its US counterpart following a downgrade to Britain's credit rating. At 6.30am AEDT the currency was trading at 103.05 US cents, down from 103.13 cents at Friday’s local close. Ratings ...
Tags: Australian dollar, US dollar, currency
It’s shortly before Christmas, and Steve Flagg is just days away from leaving Minnesota for six weeks of mountain biking in the friendlier winter climes of Sedona, Arizona—an indulgence the founder of Quality Bicycle Products ...
Tags: Steve Flagg, mountain biking, Quality Bicycle Products
Just in time for the Oscars , Magisto — the personal video storytelling platform — and Netted by the Webbys — curators of excellence on the Internet — announce an open invitation to join the first annual ...
Tags: Magisto, storytelling platform, company news
UK Unusual Rigging has been voted the UK's favourite rigging company at the TPi Awards 2013, which took place at the Novotel London West on Monday 11 February 2013. The awards highlight projects undertaken in 2012 and the judges said: ...
Tags: rigging company, Unusual Rigging, Rigging
Ocean Optics has recently been recognised with an ‘OFweek 2012 Best LED Service Supplier Award’ by China’s high technology portal OFweek photonics news. Since its entry into the Chinese market, Ocean Optics has ...
Tags: Ocean Optics, OFweek 2012Best LED Service Supplier Award, LED industry
Global food group Nestle said 2013 looks every bit as "challenging" as 2012, a year when profits increased but underlying sales growth slowed. The Swiss food giant reported a 11.8% increase in earnings of CHF10.61bn (US$12.02bn) in 2012. ...
Dean Foods' share price was down 9% today (13 February) after the US dairy giant issued a cautious outlook for the year. Shares in the group were down to US$16.73 in early morning US trading today, despite the firm booking earnings of ...
Tags: Dean Foods, share price, dairy giant
Google chairman Eric Schmidt plans to sell 3.2 million "A" shares worth $US2.5 billion ($2.44 billion) over the next year, Google says in a filing with the Securities and Exchange Commission. The sale amounts to 42 per cent of Schmidt's ...