Japan’s Meiji Yasuda to buy U.S. insurer StanCorp for $5 billion
TOKYO (Reuters) – Japan’s Meiji Yasuda Life Insurance Co [MEIJY.UL] said on Friday it has agreed to buy U.S.-based StanCorp Financial Group Inc for $5 billion, the latest multi-billion deal by acquisitive Japanese insurers.
Qualcomm’s potential break-up could lead to courtship with Intel
Wall Street says Intel Corp is the best suitor for Qualcomm Inc’s chip unit, if the maker of Snapdragon mobile processors decides to break itself up.
Meiji Yasuda to buy StanCorp Financial for around $4.8 billion: source
TOKYO (Reuters) – Meiji Yasuda Life Insurance Co [MEIJY.UL] plans to buy StanCorp Financial Group Inc for about 600 billion yen ($4.8 billion) in what would be the biggest acquisition by a Japanese life insurer, a source with direct knowledge of the ma…
Exclusive: UBS backs away from its Puerto Rico funds after downgrades
(Reuters) – UBS AG is backing away from its own Puerto Rico bond funds, warning clients that they can no longer use them as collateral for certain loans after the island’s financial troubles resulted in downgrades by major credit rating agencies.
Amazon shares soar on surprise profit, market value above Wal Mart’s
(Reuters) – Amazon.com Inc shares surged more than 17 percent on Thursday as the online retailer posted an unexpected quarterly profit, pushing its market value above that of Wal-Mart Stores Inc , the world’s largest retailer.
U.S. airlines return to fuel hedging, get burned again
(Reuters) – At least two U.S. airlines have started hedging their fuel costs after a months-long hiatus. The early result: more losses.
GM earnings more than double on U.S. truck demand; shares jump
DETROIT (Reuters) – General Motors Co shares rose about 4 percent on Thursday after the automaker reported adjusted net income that more than doubled in the second quarter, driven by North American truck sales and continued strength in China.
Airbnb hires Blackstone CFO Tosi: Bloomberg
(Reuters) – Airbnb Inc, the website where home owners rent out properties on a temporary basis, has hired Blackstone Group LP Chief Financial Officer Laurence Tosi to fill its own CFO vacancy, Bloomberg reported on Thursday, citing anonymous sources.
Strong customer growth helps AT&T beat profit estimates
(Reuters) – AT&T Inc reported a better-than-expected quarterly profit as the second-largest U.S. wireless carrier added postpaid customers.
BofA CFO’s exit tied to desire for top job: sources
NEW YORK (Reuters) – The surprise departure of Bruce Thompson as finance chief of Bank of America Corp reflected his desire to lead a company, an outcome that seemed unlikely to happen soon if he stayed, two sources familiar with the matter told Reuter…
