April 2009
American International Group plans sale of U.S. auto business, 21st Century Insurance, to Zurich Financial Services
US taxpayer-bailed out insurance giant American International Group Inc. (AIG) is in advanced talks to sell its US personal lines insurance business, 21st Century Insurance, to Zurich Financial Services for about $2bn. Selling the unit, which includes ...
Chrysler LLC Lenders Plan Debt Offer
Chrysler LLC’s lenders are planning to make a counteroffer this week to the U.S. Treasury, which originally asked creditors owed about $6.9 billion to accept $1 billion to keep the auto maker from liquidating. Late Sunday night, the lenders recei...
Citigroup likely to sell Nikko Citigroup with Nikko Cordial Securities and Nikko Asset Management Co.
Citigroup Inc. of the United States intends to add Nikko Citigroup Ltd. to its plan to sell Nikko Cordial Securities Inc., Japan’s third-largest brokerage and Nikko Asset Management Co. in Japan. Citigroup has proposed selling the three Nikko fir...
What is Goldman Sachs GS Vintage Fund V?
US investment giant Goldman Sachs Group Inc has raised $5.5bn (£3.72bn) of investor commitments for a new fund that will buy private equity investments on the secondary market, wsj reported. The Journal said the new fund, called GS Vintage Fund V, wou...
December 2008
What is Ex-Willbros James K. Tillery U.S. Bribery Conspiracy?
I am curious as to how the Feds plan to prove this case James K. Tillery, 49, the former President of Willbros International, Inc., a unit of Willbros Group Inc., the Panama-based provider of oil and natural-gas services, based in Houston, Texas, was c...
Joseph J. Rutherford to replace Daniel Lehrfeld at Photonic Products Group, Inc.
Photonic Products Group, Inc. today marked the pending transition to a new Chief Executive Officer. The Board of Directors, following an intensive search for a successor to current President and CEO Daniel Lehrfeld, has announced that Joseph J. Ruther...
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