Royal Dutch Shell PLC and PetroChina Co Offer USD 3B to Acquire Australia’s Arrow Energy Ltd
American International Group Inc (AIG) Closes in on Deal to Sell Foreign Life Insurance Unit to MetLife for USD 15B in Cash and Stock
Kraft Foods Inc Faces UK Probe over Plans to Close a Cadbury PLC Factory it Said it [...]
Filed in Finance
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Also tagged American International Group MetLife, Arrow Energy, BYD, BYD Western Europe, Essar Group, Kraft Foods, Kraft Foods Cadbury, Kraft Foods UK, Nicolas Sarkozy, Overnight Market News, Overnight Markets, PetroChina, Rescue Greece, Royal Dutch Shell
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Bank of America Corp Appoints Brian T Moynihan as Chief Executive Officer to Replace Kenneth D Lewis
Citigroup Inc Prices Share Issue to Repay TARP Funds at USD 3.15 per Share, Prompts US Government to Delay Offloading Stake
UK Retail Sales Decline for First Time in Six Months Falling 0.3% in November from October, but Rise 3.1% [...]
Filed in General
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Also tagged Bank of America, Bank of America CEO, BOA CEO, Brian Moynihan, Citigroup, Citigroup TARP, Kenneth Lewis, Overnight Market News, Overnight Markets, TARP, UK Retail Sales, US Interest Rates
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UK Economy Contracts at a Slower Pace Than Originally Reported in the Third Quarter, Shrinking 0.3% Versus 0.4% Initially Estimated
US Commerce Department is Expected to Report This Morning New Home Sales in October Rises 2% from the Prior Month
Japan Exports Fall at its Slowest Annual Rate in a Year in October, Declining 23.2% from a [...]
American International Group (AIG) Inc Agrees to Sell Taiwan Life Insurance Unit to Investor Group Led by Primus Financial Holdings Ltd for USD 2.15B
Bank of America Corp to Waive Attorney-Client Privilege and Turn Over Merill Lynch & Co Legal Advice Documentation to New York Attorney General
Vanda Pharmaceuticals Inc to Partner with Novartis AG to Develop [...]
Filed in Finance
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Also tagged aig, AIG Taiwan Life Insurance Unit, Bank of America, Germany’s Investor Confidence Index, Merill Lynch, Novartis, Overnight Market News, Overnight Markets, Primus Financial Holdings, Royal Bank of Scotland Group, Royal Bank of Scotland Singapore, Schizophrenia Drug, Vanda Pharmaceuticals
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American International Group (AIG) Inc. has had its ratings cut left, right and center after its recent rally. AIG, which recently closed above US$50 for the first time after plunging to a low of US$7 in March 2009 (from over US$400 back in September, 2008), was slammed with back-to-back downgrades this week.
Yesterday, Wells Fargo & [...]
UK Life Insurer, Friends Provident Plc, to Enter Discussions with Resolution Ltd after Receiving Revised Offer that Values the Group at GBP 1.86B (USD 3.1B)
British-Australian Mining Giant Rio Tinto’s Shares Drop on China’s Accusation that it Engaged in Commercial Espionage for 6 Years, Costing the Country USD 102B
New CEO of American International Group Inc (AIG) [...]
After surviving a tough few years, American International Group (AIG) seems to be back on the right track. The U.S. insurer reported second quarter net income of US$1.82B or US$2.30 per share, its first profit following six back-to-back quarterly losses.
The results are a stark improvement from the net loss of US$5.36B or an adjusted US$41.13 [...]
Bank of England Holds Benchmark Interest Rate at 0.5% for Fourth Consecutive Month
American International Group Inc (AIG) Revives Talks with Rival MetLife Inc Over Sale of American Life Insurance Co (Alico)
China’s Passenger Car Vehicle Sales Jump 48% to 873k Units in June from May on More Government Stimulus Spending, Biggest Increase Since February 2006
Costco Wholesale [...]