ADR Report: Shares Close Lower As Latin America Weighs
30th Jun 2010 22:29
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed lower on disappointing U.S. employment figures and Moody's review of Spain's credit ratings, despite an uptick in Chicago-area manufacturing activity and an encouraging European
Read morePrudential Shareholders To Board: Not Out of the Woods Yet
30th Jun 2010 15:16
By Jessica Hodgson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Prudential PLC (PRU.LN) said Wednesday that the majority of the U.K.-listed insurer's shareholders aren't asking for management changes after a period of turbulence around the company's failed attempt to buy American International
Read more2nd UPDATE: Pru CFO: Most Holders Don't Seek Board Changes
30th Jun 2010 11:28
(Adds detail.) By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Prudential PLC (PRU.LN) Chairman Harvey McGrath and Chief Executive Officer Tidjane Thiam still have board support despite the U.K. insurer's failed $35.5 billion bid for the Asian life insurance business of A
Read moreUPDATE: Prudential CFO: Most Holders Don't Seek Board Changes
30th Jun 2010 10:41
(Adds detail.) By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Prudential PLC (PRU.LN) Chairman Harvey McGrath and Chief Executive Officer Tidjane Thiam have the support of the company's board after the insurer's failed $35.5 billion bid for AIA Group Ltd., the Asian life
Read moreMajority Of Prudential Holders Not Seeking Executive Changes -CFO
30th Jun 2010 10:17
LONDON (Dow Jones)--Prudential PLC (PRU.LN) Chairman Harvey McGrath and Chief Executive Officer Tidjane Thiam have the support of the company's board after the insurer's failed bid for AIA Group Ltd., the Asian life insurance business of American International Group Inc. (AIG), and the vast majority
Read moreDEALWATCH: Boomtime Remains Elusive For M&A
28th Jun 2010 13:19
By Jessica Hodgson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Although economic fundamentals suggest M&A activity--moribund in the first half--could pick up in the second, caution in mature markets remains the order of the day and a return to boom-time could still be months or years off, ban
Read moreMARKET TALK: Manulife +0.9%, Volume Light; Calm To AIA News
28th Jun 2010 05:03
0403 GMT [Dow Jones] Manulife Financial (0945.HK) +0.9% at HK$124.50 on light volume, largely ignoring comments it would be interested in buying AIA. Spokesman for Canada's biggest life insurer actually seems to tone down comments made earlier by chief executive Don Guloien in Thursday's Globe and M
Read moreShareholder May Call For Prudential Chrmn's Head - Report
27th Jun 2010 12:39
LONDON (Dow Jones)--Shareholders in Prudential PLC (PRU.LN) are expected to meet this week to assess sentiment towards the U.K. insurer's senior management, including the possibility of calling for the resignation of Chairman Harvey McGrath, The Independent on Sunday reports. McGrath and senior
Read moreMARKET TALK: Manulife Unlikely To React Much To AIA News
27th Jun 2010 00:56
2356 GMT [Dow Jones] Manulife (0945.HK) unlikely to react much to news it would be interested in buying AIG's (AIG) Asia operations, as Canada's biggest life insurer stresses "disciplined approach", "at the right price". This after failed takeover attempt by UK insurer Prudential (PRU.LN), which ter
Read moreAIG's CEO At Odds With Chairman Over Failure To Sell AIA -FT
24th Jun 2010 23:32
DOW JONES NEWSWIRES American International Group Inc.'s (AIG) chief executive and chairman are at odds over the company's failure to sell its Asian life insurance unit, AIA, to Prudential PLC (PRU.LN, PUK), the Financial Times reports Thursday, citing people close to the situation. The rela
Read more2nd UPDATE: Resolution Buys AXA's UK Life Ops For GBP2.75B
24th Jun 2010 11:15
(Adds detail, background, analyst and RBC comments.) By Vladimir Guevarra and Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. consolidation vehicle Resolution Ltd (RSL.LN) and French insurer AXA SA (CS.FR) Thursday agreed a GBP2.75 billion deal for Resolution to buy some o
Read moreCORRECT:HEARD ON THE STREET: European Insurers Struggle For Cover
23rd Jun 2010 16:42
("=HEARD ON THE STREET: European Insurers Struggle For Cover," published at 1036 GMT misstated the U.K. businesses AXA is selling in the first paragraph. The correct version follows:) By Hester Plumridge A DOW JONES COLUMN It may look like a rush for the exits, but in reality it's a tact
Read moreHEARD ON THE STREET: European Insurers Struggle For Cover
23rd Jun 2010 11:36
By Hester Plumridge A DOW JONES COLUMN It may look like a rush for the exits, but in reality it's a tactical withdrawal. European insurers are reevaluating their commitment to the U.K. market. French insurer AXA is selling the bulk of its U.K. operations to consolidator Resolution while Dutc
Read more2nd UPDATE: UK To Sell High-Speed Rail Rights To Raise Cash
21st Jun 2010 18:28
(Adds detail.) By Kaveri Niththyananthan, Jessica Hodgson and Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. government Monday said it is putting up for sale the rights to operate the country's first high-speed rail line as it tries to raise money to fill a gaping
Read moreUPDATE: UK To Sell High-Speed Rail Rights To Raise Cash
21st Jun 2010 17:06
(Adds detail.) By Kaveri Niththyananthan, Jessica Hodgson and Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. government Monday said it is putting up for sale the rights to operate the country's first high-speed rail line as it tries to raise money to fill a gaping
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