Wells Fargo Insurance has selected Bob Volkel to lead its Bay Area operations,in an effort to continue growing its presence in the region and to ensure better customer service management. With the new appointment,Wells Fargo Insurance has ...
HP’s layoff count has increased again as the company said, in a U.S. Security and Exchange filing it will eliminate 29,000 positions, 2,000 more than the previous figure. In May, HP announced plans to cut 27,000 employees by 2014, ...
Tags: employment, highlightedpost, HP, layoffs, Meg Whitman, Staff cuts
Two of Apple’s top executives are leaving the company: Scott Forstall, who has overseen the iOS platform that runs the iPhone and iPad, will leave Apple next year, and John Browett, Senior Vice President of retail, is leaving sooner, ...
Tags: Apple, executives, highlightedpost, iOS, iPad, iPod, retail, Steve Jobs
ING US Retirement business will continue as service provider for the County of San Bernardino Defined Contribution Retirement Program,pursuant to a two-year agreement. The program comprises of plans namely 457(b)deferred ...
Mutual insurance, retirement and investment group LV= and Swiss Re successfully completed GBP800m ($1.3bn) longevity insurance contract. The longevity contract involves longevity exposure insurance for 5,000 individuals who were members ...
Tags: Mutual insurance, longevity insurance contract, insurance
US based American International Group (AIG) has entered into a non-binding term sheet with Chinese state-owned insurer PICC Group to set up a proposed joint venture insurance agency company that will sell life insurance and other insurance ...
Tags: AIG, PICC, insurance products
IT management solutions provider, CA Technologies, has appointed IT services industry veteran, Michael Gregoire, as chief executive officer (CEO), effective January 7, 2013, based in New York. The decision was made by the company’s ...
Tags: CA Technologies, CEO, highlightedpost, Michael Gregoire
The Netherlands based ING bank has inked an agreement with Hong Kong's AIA, to offload its Malaysian insurance business for €1.3bn in cash. The transaction comprises ING's life insurance and employee benefits business as well as 60% ...
Tags: ING, AIA, insurance business
HanesBrands announced that it intends to redeem the final $147.1 million of its Floating Rate Senior Notes due 2014, which will complete the retirement of approximately $300 million of floating-rate bond debt as planned in 2012. Hanes is ...
Tags: debt, HanesBrands, basic apparel
US insurance brokerage and risk management services firm Arthur J Gallagher & Co has purchased Idaho based consulting and brokerage firm Western Benefit Solutions (WBS). Terms and conditions of the transaction have not been disclosed by ...
Tags: Arthur J Gallagher and Co, WBS, transaction
Mr Mark Kamon senior vice president Commercial Specialty Alloy Operations, announced that he will retire from Carpenter Technology effective December 31st 2012. Mr Kamon joined Carpenter in November 2000 as President Dynamet Incorporated, a ...
Reuters reported that ArcelorMittal vowed on Friday to kick start a EUR 180 million, five year investment program at its Florange site in eastern France in the first quarter of 2013, seeking to allay union concerns over job cuts. ...
Tags: ArcelorMittal, steelmaking, blast furnaces
An experimental GPS receiver, built by Surrey Satellite Technology Ltd (SSTL), has successfully achieved a GPS position fix at 23,300 km altitude – the first position fix above the GPS constellation on a civilian satellite. The ...
Tags: Gps, Satellite, antenna, GPS receiver
With declining orders and halved profits this year, shipbuilders and steelmakers, the two new pillars of the country’s exports, are trimming down both their work forces and production as a last resort to overcome their ongoing slumps. ...
Tags: Hyundai, Heavy Industries, restructuring
The Prudential Insurance Company of America has inked a purchase deal with Verizon Management Pension Plan,to settle nearly$7.5bn of pension liabilities under a single premium group annuity contract. As per terms of the ...
Tags: America, insurance, retirement