Arthur J. Gallagher & Co. announced acquisition of Giles Group of Companies for GBP237 million. Arthur J. Gallagher & Co. had agreed to purchase Giles Group of Companies for GBP237 million.
Investors
Sanlam seeks to invest in Southeast Asian life insurer
South African financial services group Sanlam said it was scouring Southeast Asia to invest in a life insurer.
Cathay opposes Qantas' HK budget carrier venture
Cathay Pacific Airways Ltd. released an exchange statement today, voicing out its opposition against Qantas Airways Ltd. (QAN)'s Hong Kong budget carrier venture with China Eastern Airlines Corp. and gambling tycoom Stanley Ho.
Silicor Materials receives USD6 million infusion
The Hudson Clean Energy Partners had invested USD6 million to Siicor Materials for the latter's expansion plans.
TruckPro acquires CCI Corp through CIT Bank financing
The CIT Group's subsidiary CIT Bank provided financing assistance for TruckPro in its acquisition of CCI Corp.
Latest News
The Canadian Imperial Bank of Commerce said that it had been seeking CAD1 billion wealth management acquisitions as it tried to boost profit.
A Finnish state fund had reduced its stake in telecoms group TeliaSonera by 10% and said to sell 68 millions shares of common stock.
Pexco LLC announced to buy Spectrum Minnesota, an injection molder of advanced thermoplastics operator.
HSBC Holdings had appointed former Marks & Spencer CEO Stuart Rose for an advisory role in the company.
Bank of America said it would sell its 2 billion shares in China Construction Bank Corp. Bank of America Corp had expected to end an eight year investment in China Construction Bank Corp.
iZotope Inc received USD12 million from ABS Capital Partners. One of the leading audio technology company announced a USD12 million investment from ABS Capital Partners.
Tech and media site AllThingsD reported that Answers.com bought Easy2 Technologies for less than USD20 million.
The acquisition of Hawaiian Beach Rentals and Vacation Rental Agent by VacationRoost Group expands the client services available to the public.
Credit rating agency Standard and Poor's (S&P) said in a court filing that the reason US Justice Department filed a case against them was to get back for downgrading US' credit rating last August 2011.
