SAC Capital Advisors, led by billionaire Steve A. Cohen, had been in discussion with potential buyers to sell its reinsurance business, according to sources.
Firm Management
McDonald's explains why it pulled out of India joint venture
McDonald's representatives told the Company Law Board that the removal of its partner was due to actions violative of their joint venture agreement.
Chairman Fourtou to retire after Vivendi restructuring- newspaper
Vivendi Chairman Jean-Rene Fourtou told Le Monde, a newspaper, that he would be retiring after the company had split into two separate units.
Severstal halts steel deals lookout, will focus on US growth - CEO
Severstal North America chief executive Saikat Dey told reporters in a conference call that the US arm of Russia's second largest steel producer would be focusing on getting the best returns for the company.
Carpetright CEO Shapland quits
Carpetright's Chief Executive Officer Darren Shapland has left his post. Carpetright Chief Executive Officer Darren Shapland had quit his post as the UK retailer's sales continued to deteriorate.
Latest News
Co-founding chairman Bill Gates and CEO Steve Ballmer had sought for re-election in Microsoft's board of directors, said a Reuters report.
Solar Senior Capital had announced its acquisition of Gemino Healthcare Finance following a definitive agreement last September 30, 2013.
Danone had forwarded a claim worth EUR200 million against Fonterra for its false contamination scare of its milk products.
The stockholders of Maidenform Brands Inc. had voted in favor a previously announced merger agreement with Hanesbrands Inc. today.
Hudson Insurance Group announced today its acquisition of the Surety Team from American Safety Insurance Holdings Ltd.
People who had been using Instagram would start to see advertising in their photo sharing feeds in the next couple of months.
The shareholders of Harris Teeter Supermarkets Inc. voted in favor of a previously announced merger agreement with The Kroger Co. during a special shareholder meeting held today.
The Chairman and CEO of Berkshire Hathaway Warren Buffett had called out the Republicans for their tactics that caused the current impasse.
Greenline Financial Technologies specialized in Financial Information Exchange was acquired by CameronTec through a buyout.
