African insurers in vogue as incomes rise
LONDON/JOHANNESBURG (Reuters) – A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focussing mainly on life insurance and pensions, in the face of mature markets and strong competition at hom…
Five ex-Madoff aides face up to 20 years in prison
NEW YORK (Reuters) – Five former employees of Bernard Madoff, convicted in March of helping the fund manager bilk investors of billions of dollars in his massive Ponzi scheme, will be sentenced this week, with prosecutors seeking prison terms of up to …
Assessing the fallout from the fall in oil prices
NEW YORK (Reuters) – With crude oil prices hitting five-year lows, investors are scrambling to gauge the impact of the sharp drop in petroleum costs on companies beyond the energy sector.
CBS, Dish reach deal after CBS pulls programming
NEW YORK (Reuters) – U.S. broadcasting companies CBS Corp and Dish Network Corp reached a multiyear deal on Saturday with CBS agreeing to continue to deliver its programs to Dish’s 14 million subscribers.
Former CEO of UTC questioned by directors on decreasing involvement: WSJ
(Reuters) – United Technologies Corp’s former Chief Executive Officer Louis Chenevert, who retired abruptly, made a trip to Taiwan two weeks before his retirement to check on the construction of his yacht, the Wall Street Journal reported citing source…
Wall Street rises for 7th week, but ends off its highs
NEW YORK (Reuters) – The Dow and S&P 500 closed a seventh straight weekly advance on Friday as a better-than-expected jobs report indicated strong economic growth, but perhaps to the point where interest rates could rise sooner than previously anticipated.
Bullish U.S. jobs report keeps Fed on track for mid-2015 rate hike
WASHINGTON (Reuters) – U.S. employers added the largest number of workers in nearly three years in November and wage gains picked up, a sign of economic strength that could draw the Federal Reserve closer to raising interest rates.
Oil magnate’s ex-wife slams $1 billion divorce ruling in appeal
(Reuters) – The ex-wife of Oklahoma oil magnate Harold Hamm has appealed a November divorce ruling that awarded her $1 billion, citing 78 alleged errors and missteps that caused a judge to grossly undervalue her stake in one of America’s greatest oil f…
U.S. factories show luster with bullish November hiring
(Reuters) – While the acceleration in U.S. hiring last month was surprisingly sharp and broad-based, a sector that has had a particularly rough 21st century – manufacturing – offered one of the brightest signals.
Citi’s credit card business in Japan gets joint bid from three buyers: Nikkei
(Reuters) – Three companies have emerged to make a joint bid for Citigroup Inc’s credit card business in Japan, the Nikkei reported, as the U.S. lender goes ahead with plans to exit consumer banking in the country.
