Allianz Life Insurance Company of North America has registered 21% rise in operating profit, which stood at $381m for the first half of 2012, against a profit of $315m in the comparable period last year. The underwriter claimed that its ...
Tags: Allianz Life Insurance Company, operating profit, comparable period
Ted Rogan, a co-founder of Group Newsagency Supplies, has retired as chairman of the newsagency buying group, effective 24 July. Rogan was one of a handful of newsagents who formed GNS in opposition to the then newsagency wholesaler ...
Tags: Ted Rogan, chairman of the newsagency buying group, Co-Founder
Kraft Foods has said the split of the company in two, creating a North American grocery company and a global snacks manufacturer, will take place in October. The establishment of US grocery business Kraft Foods Group and international ...
Tags: Kraft Foods, snack, food, split in two
American International Group (AIG)'s life and retirement business, SunAmerica Financial Group has earmarked a definitive agreement with The Hartford Financial Services to purchase Woodbury Financial Services for an undisclosed sum. Upon ...
Tags: AIG, Woodbury Financial Services, Hartford
Computerworld-Microsoft CEO Steve Ballmer today unveiled the next version of Office as the company launched previews of the suite for consumers and businesses. "This is designed from the get-go for Office as a service,"said Ballmer as he ...
Tags: Microsoft, preview of new Office, service, Home Premium Preview
In order to move toward a more integrated solutions approach to lighting, Philips has appointed Bruno Biasiotta, a building efficiency leader with more than 20 years of experience, to head the company's North American lighting operations. ...
Tags: Philips Lighting
The Board of Directors of American International Group (IAG) has elected Morris Offit as director as well as chairman of the finance and risk management committee of the board. Offit will serve as a director until the 2013 AIG's annual ...
Tags: IAG, management committee, Morris Offit
Renesas told a press conference in Tokyo yesterday that it will offer 5000 workers financial incentives to leave the company or take early retirement. The headcount reduction will save the company$539m a year. It is reported that the ...
Tags: Headcount Reduction, Hitachi, NEC, Mitsubishi
Japanese convenience store operator Lawson said today (3 July) its continued focus on fresh food in its stores allowed it to grow its customer base during the first quarter of the year. Lawson said operating profit increased 8.4% on the ...
Tags: convenience store, fresh food, croquettes, minced cutlets
Life assurance consolidator Phoenix has agreed to transfer a £5bn annuity book to Guardian Financial Services, a private equity-backed competitor. Established by Hugh Osmond, Phoenix is debt-laden known as Pearl to fund the ...
Tags: Phoenix, Annuity Deal, Guardian
Jonathan Speirs, who passed away this morning Architect and lighting designer Jonathan Speirs has lost his long battle with cancer. The celebrated founding partner at Speirs + Major passed away at his home in Edinburgh this morning. ...
Tags: designer
Delta chairman announces retirement Julian Ho,Taipei;Jackie Chang,DIGITIMES[Wednesday 20 June 2012]Delta Electronics chairman Bruce CH Cheng announced his official retirement in the company's shareholders meeting on June 19.Delta plans to ...
Tags: chairman, Delta, Electronics, LED
Pacific Prime Insurance Brokers has collaborated with MedStar Insurance Brokers in the UAE, in a bid to tap the emerging underwriting market of the Arab region. The launch of the Middle Eastern Partnership stems from Pacific Prime's ...
Tags: Pacific Prime, MedStar Insurance, UAE
HP is braced for massive job losses next week.Reports say that 8-10%of the workforce,representing 25-30,000 people,could be laid off or offered early retirement. Meg Whitman,HP CEO,who tried and failed to become the Governor of ...
Tags: HP, massive job cuts, Meg Whitman, computer sales
ING US, the retirement, insurance and investment management operations of ING Group has appointed Michael Smith as chief risk officer to oversee its enterprise-wide and business-level risk monitoring and management program. In his new ...
Tags: ING US, Michael Smith, management program