The largest US life insurer New York Life Insurance Co purchases Dexia Asset Management. The largest US life insurer owned by policyholders, New York Life Insurance Co had entered into an agreement to acquire a Dexia SA unit worth EUR380 million or USD512 million.
Tags: Business
Company Restructuring: Pearson Revealed £320m Restructuring Plan Which Involves 4,000 Jobs Cut
The publishing company has experienced tough times in the market where profits declined and shares dropped. The plan is expected to deliver more earnings growth in the long run with the simplification and reducing of costs. The company's chief also attributed their difficult times to challenging markets and unpredictable changes.
Google undergoes transition to become a subsidiary company to a holding company, Alphabet Inc.
Google is going to be a subsidiary company of a holding company, Alphabet. The change includes its structural and managerial composition. Shareholders will also be transferred to Alphabet.
Come spring, 'For Sale' signs expected in U.S. riot-hit town
Realty brokers in battered Ferguson, Missouri, are predicting many homes could go up for sale early next year after rioting over the August police shooting of a black teenager appeared to put a chill on the number of active listings.
Post shutdown, US businesses boost economy
Employment, salaries, automotive and other industries grow after the sixteen day US government furlough.
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Saudi Arabia's taxi business is in chaos with the conflicting regulations, leading to the pull out of investors.
Tom Bolland, current COO of Lehman is helping wind down the bank's business. Tom Bolland, current chief operating officer of Lehman Brothers International Europe, is under the employ of Tony Lomas, joint administrator and PriceWaterhouseCoopers Partner, is providing assistance as the bank winds down its business and maximizes its recoverable assets.
With an increasing number of clients needing private air carrier services, both VistaJet and NetJets are scrambling for the Indian market.
The Apple iPhone 5C and 5S with its new technology stands to create more business for eBay, Discovery and Intuit.
The second largest oil producer in Qatar, Occidental Petroleum Corp, is offering a minority share in its Middle Eastern operations.
The rule increasing the processing time from five to fifteen days was met with waves of complaints as it hinders business operations.
Harman International Industries Inc CEO Dinesh Paliwal said that the European market is improving as two of its largest automakers have reported healthy profits for the second quarter of 2013.
To better achieve business goals for their partners, the InfoTrust Group utilizes the goodwill and leverage the Flatirons Solutions name provides.
Holcim would pay Cemex to absorb some of its businesses in Europe. Holcim, the Swiss cement maker, is planing to exchange assets and combine others with Cemex, its Mexican competitor in Europe.
