Bill Gross, the bond market’s most renowned investor, quit PIMCO for distant rival Janus Capital Group Inc on Friday, the day before he was expected to be fired from the huge investment firm he co-founded more than 40 years ago. …
Cunningham Lindsey, an insurance claims management company controlled by buyout firm Stone Point Capital LLC, is up for sale and could fetch more than $1 billion, sources familiar with the situation said. Bank of America Merrill Lynch is advising Cunningham …
A tumultuous 12 months that saw revolutions in the Middle East, a worsening debt crisis in Europe and a tsunami in Japan has set the tone for corporate activity in 2012. Caution, flexibility, nimbleness and deep knowledge of host countries …
American International Group Chairman Steve Miller said on Thursday the bailed-out insurance company may eventually want to buy a life insurer outside the United States, including possibly a larger stake in the spun-off Asian unit AIA Group Ltd. as confidence …
Transatlantic Holdings said Monday it has entered into deal talks with an undisclosed bidder, adding a fresh twist in a months-long takeover saga and sending the reinsurer’s shares up sharply. For nearly four months, Transatlantic has been the subject of …
Transatlantic Holdings opened talks with a unit of Warren Buffett’s Berkshire Hathaway on Friday over a $3.2 billion takeover offer, adding a new twist in the battle for the reinsurer. The Berkshire unit, National Indemnity, entered into a confidentiality agreement …
The spread between two of the dueling offers for reinsurer Transatlantic Holdings virtually disappeared Wednesday amid a fresh market rout, as deal-watchers waited for any sign as to what late entrant Berkshire Hathaway might do next. As of 12:20 p.m. …
MetLife, the largest life insurance company in the United States, has put its banking operations up for sale to avoid the “too big to fail” regulatory scrutiny that analysts have said was likely. MetLife said Thursday it may sell MetLife …
The Lulz Security group of rogue hackers announced it was disbanding Saturday with one last data dump, which included internal AOL Inc. and AT&T documents. LulzSec, which gained wide recognition for breaching the websites of Sony Corp, the CIA and …
On the first anniversary of the Gulf of Mexico oil spill, BP Plc sued Transocean , seeking at least $40 billion in damages and other costs from the owner of the Deepwater Horizon rig. London-based BP also sued Cameron International …
