American International Group (AIG) said that the US Department of the Treasury has set an offer price of 30.50 per share for its 163,934,426 shares. The recent move to offload the AIG's share is a step ahead to free the money, it invested ...
Tags: American International Group, underwriter, Stock, insurance
Insurance firm MetLife has inked an agreement to dispose of its nearly $70bn mortgage servicing portfolio to US based JPMorgan Chase Bank, for an undisclosed sum. Subject to certain regulatory approvals and other customary closing ...
Tags: MetLife, mortgage service, JPMorgan Chase Bank, MetLife Bank
The U.S. Commodity Futures Trading Commission (CFTC) announced that JP Morgan Chase Bank, N.A. (JPMCB) agreed to pay a $600,000 civil monetary penalty to settle CFTC charges that it exceeded speculative position limits in Cotton No. 2 ...
Tags: Cotton No.2, Cotton market, Cotton industry, Cotton Position
ING has appointment Delfin Rueda and Dorothee van Vredenburch as members of the Management Board Insurance EurAsia (MBE), effective from 1 November 2012. As a chief financial officer (CFO) within the MBE, Rueda will be responsible for all ...
Tags: Ing, Vredenburch, management board, ING Insurance
Global investment firm Kohlberg Kravis Roberts&Co has agreed to acquire specialty insurance brokerage firm Alliant Insurance Services from Blackstone for an undisclosed sum. Alliant's management team and employees currently own nearly ...
Tags: Blackstone, KKR, JP Morgan Chase
Just two weeks after revealing its plans for adopting ARM for low-power server technology,chip designer AMD has put itself up for sale–with a slew of industry companies,including Intel,Google,Samsung and Facebook–mentioned as ...
Tags: Ailing AMD, Chip Maker Calls, Jp Morgan
Those layoffs happening at Juniper might be to dress the company up for a sale. That's some of the speculation swirling inside the company,fueled by reports that Juniper's hired an investment banker to manage bids from potential ...
Tags: layoff, EMC, ISI Group, Juniper, joint venture, Kevin Johnson
An international gang of cyber crooks is plotting a major campaign to steal money from the online accounts of thousands of consumers at 30 or more major U.S.banks,security firm RSA warned. In an advisory Thursday,RSA said it has ...
Tags: Cybercriminal, Trojan Attack, international gang of cyber crooks, RSA
European regulations for the gambling sector,launching new products and driving revenue growth as a recently floated public company put enormous pressure on the IT team at Betfair. But chief technology officer(CTO)Tony McAlister,in post ...
Tags: Tony McAlister, Betfair, European regulations, CRM system
A hacker group said to be connected to Hamas has claimed responsibility for distributed denial-of-service (DDoS) attacks on US banks in retaliation to the controversial video "The Innocence of Muslims" posted on Google's YouTube service. ...
Tags: DDoS, US banks, controversial video, Wells Fargo
Insmed, a biopharmaceutical company developing inhalation therapeutics for patients suffering from orphan lung diseases, has named Will Lewis as president and chief executive officer. Lewis has also been appointed to the company's board ...
Apple is set to announce its latest smartphone, which will be called the iPhone 5, at an event in San Francisco shortly. The phone is rumoured to be LTE compatible, meaning it will benefit from 4G services, currently being implemented in ...
Tags: smartphone, iPhone 5, Apple, LTE
The iPhone 5,which is expected to be announced tomorrow,could provide a financial boost to the US economy of up to 0.5 per cent. That's according to financial services firm JP Morgan,which predicts sales of eight million iPhone 5s ...
Tags: Apple iPhone 5, boost economy, JP Morgan, financial services firm
For retailers today, it's an exciting but challenging time. The e-commerce revolution has created a newly empowered consumer – the 'always-on' consumer – who has higher expectations for the retail shopping experience than ever ...
Cisco has revealed the six start-up businesses that have reached its BIG Awards final. The Cisco BIG Awards, in partnership with JP Morgan, Bird & Bird, DNX and Octopus Communications, aim to reward the UK's most innovative start-up ...
Tags: Cisco, Awards, Big Data, Future Cities, Collaboration