August 12th, 2010 by Bank Loan | No Comments | Filed in News
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Old Mutual Sells U.S. Life Insurance Unit to Harbinger
Old Mutual , Africa’s biggest insurer, rose to the highest in more than two years in London trading after announcing a return to profit and the sale of its American life-insurance unit, Bloomberg News reports. Read more on New York Times
Analysis and Discussion with Phil Condon of DWS Investments (Bloomberg News) Video Rating: 0 / 5
MFS Investment Manag UK Regulatory Announcement: Form 8.3 – Tomkins plc
LONDON–(BUSINESS WIRE)–FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Identity of the person whose positions/dealings are being disclosed: MFS Investment Management, Inc. (b) Owner or controller of interests and short positions disclosed … Read more on Business Wire
MFS Investment Manag UK Regulatory Announcement: Form 8.3 – Brit Insurance
LONDON–(BUSINESS WIRE)–FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Identity of the person whose positions/dealings are being disclosed: MFS Investment Management, Inc. (b) Owner or controller of interests and short positions disclosed … Read more on Business Wire
Stocks over Asia ended mostly higher overnight. (Bloomberg News) Video Rating: 0 / 5
A positive day across the Asian markets, closing up a fourth straight week of gains and consumer financial shares lead the gains. (Bloomberg News) Video Rating: 5 / 5
Asian stocks headed for a seven straight week of gains and it is the longest winning streak in more than two years. (Bloomberg News) Video Rating: 0 / 5
Asian stocks is also seeing weakness. Concerns about the three-month rally making them too expensive. (Bloomberg News) Video Rating: 0 / 5
Today Asian stocks edged up but investors remained as mergers and acquisitions highlighted regional activity. Australian lenders have largely managed to dodge the global financial crisis, and the country’s No. 1, National Australia Bank, is looking to dominate the insurance industry after snapping up most of British insurer Aviva’s business there for 0 million. Aviva, the world’s No.5 insurer, joins a growing list of global firms exiting Australia to focus on their domestic markets. In mining, Xtrata aims to merge with rival Anglo American to form a billion company, better able to compete with giants like BHP Billiton. In regional share markets, high demand for hybrid cars led investors to buy up shares for compnaies like Japanese battery-maker Yuasa, which fell sharply last week. Fuji Electric soared on a report it will team up with Furukawa Electric to develop power chips for hybrids, while Nissan shares rose on plans to invest billion in a US electric cars plant with partner NEC. Regional airlines continued to experience turbulence, with Japan Airlines likely to seek around billion in emergency funding from the government, hit by slumping global travel and rising fuel costs. Video Rating: 4 / 5
