State Street Corp. STT, +0.56% said Wednesday it reached an agreement with Brown Brothers Harriman & Co. (BBH) to terminate its acquisition of BBH’s Investors Services unit because of regulatory Read more
Tag: unit
U.S. productivity picks up a bit in third quarter
The numbers: U.S. productivity rose at a 0.3% annual clip in the third quarter, the government said Thursday. That’s the first gain after two straight sharp quarterly declines. Economists surveyed Read more
US woman sentenced to 20 years for leading all-female ISIL unit
US prosecutors describe Allison Fluke-Ekren, a Kansas mother and former teacher, as the ’empress of ISIS’. #teacher #allisonflukeekren #isil #kansas #prosecutors
Blackstone buying Emerson unit in biggest LBO deal in months
Emerson Electric Co. is selling a majority stake in its climate-technologies business to Blackstone Inc. in a transformational deal for the industrial company that would value the unit at $14 Read more
Credit Suisse weighing offers for securitized product unit sale: report
Struggling Swiss bank Credit Suisse has reportedly received interest from Japanese lender Mizuho Financial Group to buy its securitized products unit, Bloomberg has reported, citing sources close to the matter. Read more
Rakuten to sell 20% stake in online brokerage unit to Mizuho
Rakuten Group Inc. 4755, -1.02% said Friday that it agreed to sell a 20% stake in its online brokerage unit to Mizuho Securities Co. for 80.00 billion yen ($551.2 million) Read more
China Vanke’s Onewo unit plans to raise over $780 million in Hong Kong IPO
Onewo Inc., a property-management arm of China Vanke Co. is planning to raise as much 6.15 billion Hong Kong dollars (US$783.5 million) through an initial public offering in Hong Kong. Read more
AIG unit Corebridge Financial’s IPO prices at low end of range to raise $1.6 billion and mark biggest IPO of the year so far
American International Group Inc. AIG, -0.26% said late Wednesday it priced the initial public offering of its life insurance unit Corebridge Financial Inc. CRBG, at $21 a share, the low Read more
U.S. IPO market braces for biggest deal of the year in AIG unit Corebridge Financial’s $1.8 billion offering
The U.S. initial public offering market is bracing for what’s expected to be the biggest deal of the year so far, that of the spin-off of AIG’s AIG, +1.31% life Read more
General Motor’s Cruise Unit Denies NHTSA Investigation Following Reports
By Denny Jacob Cruise, General Motor Co.’s driverless-car division, denied that the National Highway Traffic Safety Administration was investigating a crash involving one of its self-driving cars following reports on Read more
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