Shiseido is selling its personal-care business to private equity firm CVC Capital Partners in a deal worth $1.5 billion. Under the terms of this deal, CVC Asia V will acquire a 65% stake in a joint venture that owns the assets of the business. Shiseido will hold the remaining 35% […]
Business
Alibaba jumps as cloud business reports first-ever quarterly profit
© Reuters Alibaba logo at company’s HQ. Reuters Alibaba reported the first-ever profit in its cloud business of $3 million on Tuesday. BABA reported strong earnings including 37% year-over-year revenue growth and net income of $8.96 billion. Alibaba’s ANT Group has also reportedly reached a restructuring deal with Chinese regulators. Sign […]
The SEC could cripple Robinhood’s business model by enforcing existing rules, experts say
© Getty Images CAPITOL REPORT Load Error Online brokerage Robinhood has drawn bipartisan ire in Washington after it unexpectedly restricted purchases of share GameStop, Inc. and other hot stocks, and this attention could motivate regulators to curtail its most profitable line of business, experts tell MarketWatch. While public outrage has […]
MassMutual buys American Financial’s annuity business for $3.5b
MassMutual has made a big bet on the annuities market with a $3.5 billion deal to acquire Great American Life Insurance Co. from its parent, American Financial Group. © Josh Reynolds for The Boston Globe MassMutual CEO Roger Crandall speaks to membership of the Associated Industries of Massachusetts in Waltham […]
American Financial Group sells annuity business to MassMutual for $3.5B, 600 jobs affected
American Financial Group announced Wednesday it will sell its annuity business to Massachusetts Mutual Life Insurance Co. for $3.5 billion in cash. Carl Lindner III’s Cincinnati Click to expand UP NEXT In a deal expected to close before June 30, MassMutual will acquire Great American Life Insurance Co. (GALIC) and its two insurance subsidiaries, […]
American Financial to Sell Annuity Business to MassMutual for $3.5 Billion
American Financial Group Inc. AFG 1.31% on Wednesday said it agreed to sell its annuity business to Massachusetts Mutual Life Insurance Co. in a $3.5 billion cash deal. The acquisition will deliver new ways for the giant Springfield, Mass., company, one of the nation’s oldest life insurers, to sell its […]
How To Engage and Attract Customers To Your Digital Financial Business
February 3, 2021 6 min read Opinions expressed by Entrepreneur contributors are their own. The potential for financial technology grew in 2020, as consumer-directed personal money management became more popular than ever amid the pandemic. Around 50 per cent of customers use banking apps or websites weekly, according to an […]
12 Ways Business Can Guard Against ‘Unexpected’ Financial Losses
Since the pandemic, “expect the unexpected” has become less of a cliché and more of a mandate for businesses. From steep dips in revenue to high employee turnover, big jumps in insurance premiums, new regulations and more, business leaders must be ready to safeguard themselves against financial losses in a […]
Forte Biosciences, Inc. Announces Second Quarter 2020 Results and Provides General Business Update
TORRANCE, Calif.–(BUSINESS WIRE)–Forte Biosciences, Inc. (www.fortebiorx.com) (NASDAQ: FBRX), a clinical-stage biopharmaceutical company, today announced the second quarter 2020 financial results and provided a general business update. “We are very happy to have concluded the reverse merger on June 15th and in that process, brought on a very well-respected group of […]
Soiled surfaces, improper temperatures among violations in Lubbock restaurant inspections – Business – Lubbock Avalanche-Journal
Environmental Inspections conducted by the Lubbock Environment Health Department during the week that ended July 31: NO CRITICAL VIOLATION • (0) 2020 Chiloso’s (Temporary Permit) • (0) 2020 O’Dogs LLC (Temporary Permit) • (0) 2020 Sunshine’s Smokehouse (Temporary Permit) • (0) Americas Best Value Inn, 150 Slaton Road • (0) […]