U.S. insurer American International Group Inc said on Monday it would sell a major portion of its stake in reinsurer Fortitude Re to buyout fund Carlyle Group and Japanese insurer T&D Holdings for about $1.8 billion.
Westpac Banking Corp said on Tuesday Chief Executive Brian Hartzer will step down and Chairman Lindsay Maxsted will bring forward his retirement, as the country’s biggest money-laundering scandal rocks Australia’s No.2 retail bank.
Money transfer company MoneyGram today announced that it has received another $20 million from blockchain service provider Ripple. Ripple made a $50 million investment commitment to MoneyGram, putting in the first $30 million in June.The post Ripple completes $50M commitment to MoneyGram with $20M investment appeared first on The Block. …read more […]
U.S. insurer American International Group Inc said on Monday it would sell a 76.6% stake in reinsurance company Fortitude Re to buyout fund Carlyle Group and Japan’s T&D Holdings for about $1.8 billion.
Texas’ attorney general settled with T-Mobile Inc and Sprint Corp and will drop his opposition to the $26.5 billion merger, leaving just Democratic attorneys general fighting the proposed combination.
The Q3 earnings reports in the cannabis sector provided the first clear separation between the U.S. and Canadian players. While most of the U.S. multi-state operators (MSOs) shined, the Canadian LPs struggled to grow revenues much less even meet analyst estimates.A big key to the global market forecasts for sales to top $200 billion in the distant future is the substantial market share assigned to the U.S. market in the initial years. For 2020, analysts have forecast U.S. sales topping $16 billion while the total global sales may not even reach $20 billion following the weak recreational sales in Canada.The …read more […]
PVH Corp raised full-year adjusted profit forecast on Monday after its third-quarter results beat Wall Street expectations, powered by higher demand for its Calvin Klein and Tommy Hilfiger apparel in Europe.
Air ambulances, which transport the sick and injured to hospitals from accident locations, are very expensive — and coming under renewed scrutiny in the fight to curb health care costs. …read more […]
Despite an embarrassing public debut last week, 31% of investors believe that Tesla’s Cybertruck can be successful according to Morgan Stanley. CEO Elon Musk went to Twitter to say that the automotive company received over 200,000 orders for the futuristic truck. …read more […]
This Thanksgiving will be particularly profound for me. A close family member had been very ill earlier in the year but has made a complete recovery.
Over the summer, I assumed she’d no longer be here at Thanksgiving. Instead, she’ll be enjoying herself in full health like everyone else at the table.
Without a doubt, I’m most thankful for that.
When it comes to my financial life, I also have an awful lot to be thankful for.
The fact that I found a profession and job that I love has had a very positive effect in my family’s finances. It’s hard to thrive when …read more […]
Westpac Banking Corp on Tuesday said Chief Executive Brian Hartzer will be stepping down, as Australia’s second-biggest bank faces the country’s biggest money-laundering scandal. Chief Financial Officer Peter King will be taking over as acting CEO, effective Dec. 2.
The Dow, S&P 500 and Nasdaq closed at record highs after China signaled it was making headway in addressing some of the Trump administration’s biggest sticking points. …read more […]
Disney’s “Frozen 2” debuted weekend, bringing in $127 million in North America and $350 million worldwide, and one expert expects it to easily break $1 billion. …read more […]
Each of Wall Street’s three major averages kicked off the trading week by closing at records on Monday as signs pointed to progress between the United States and China on a trade truce, while a round of merger deals also helped buoy sentiment.
Westpac Banking Corp on Tuesday said chief executive Brian Hartzer has resigned, as Australia’s second-biggest bank faces the country’s biggest money laundering scandal.
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