Macquarie to buy ANZ's dealer finance book for $5.9 bln

[Buzz_Burner_Fresh_Updates] Macquarie to buy ANZ's dealer finance book for $5.9 bln – reuters.com SYDNEY, Oct 8 (Reuters) – Top Australian investment bank Macquarie Group on Thursday said it has agreed to buy ANZ Banking Group’s dealer finance portfolio for A$8.2 billion ($5.91 billion). Continue Reading On reuters.com »  

Genworth sees after-tax GAAP loss of $275-$325 mln

[Buzz_Burner_Fresh_Updates] Genworth sees after-tax GAAP loss of $275-$325 mln – reuters.com Sept 30 (Reuters) – Genworth Financial Inc said it expects to record an after-tax GAAP loss of $275 to $325 million in the third quarter ending Wednesday as it agreed to sell certain blocks of term life insurance to Protective Life Insurance Co. Continue […]

Japan Tobacco agrees to buy brand rights from Reynolds American for $5 billion

[Buzz_Burner_Fresh_Updates] Japan Tobacco agrees to buy brand rights from Reynolds American for $5 billion – reuters.com (Reuters) – Japan Tobacco Inc has agreed to pay 600 billion yen ($5 billion) in cash for Reynolds American Inc’s Natural American Spirit tobacco business outside the United States, the two companies said in separate statements on Tuesday. Continue […]

TABLE-China stock investors cease deleveraging as market stabilises + MORE

[Buzz_Burner_Fresh_Updates] TABLE-China stock investors cease deleveraging as market stabilises – reuters.com SHANGHAI, Sept 24 (Reuters) – Chinese stock investors stopped reducing their leveraged bets over the past week, with outstanding margin loans rising four times in five days, helped by signs of market stabilisation. Three months after one of China’s worst stock market slumps on […]

Bill Cosby seeks to dismiss AIG insurance lawsuit + MORE

[Buzz_Burner_Fresh_Updates] Bill Cosby seeks to dismiss AIG insurance lawsuit – reuters.com Sept 15 (Reuters) – Bill Cosby, citing financial pressures, asked a federal judge to dismiss or put on hold a lawsuit in which American International Group Inc seeks to avoid paying for his defense against defamation claims by women who also accused him of […]

UPDATE 1-Vista Equity to buy software maker Solera for $3.74 bln + MORE

[Buzz_Burner_Fresh_Updates] UPDATE 1-Vista Equity to buy software maker Solera for $3.74 bln – reuters.com NEW YORK, Sept 13 (Reuters) – Solera Holdings Inc, which provides technology services to insurance companies, said it agreed to be acquired by an affiliate of private-equity firm Vista Equity Partners for $3.74 billion in cash. Continue Reading On reuters.com » […]

EU deal on financial transactions tax 'within reach' – Moscovici + MORE

[Buzz_Burner_Fresh_Updates] EU deal on financial transactions tax 'within reach' – Moscovici – reuters.com LUXEMBOURG, Sept 12 (Reuters) – Political agreement is close on a tax on financial transactions after talks on Saturday between finance ministers of the 11 European Union countries willing to introduce the levy, EU Economics Commissioner Pierre Moscovici told reporters. Continue Reading […]

Bank of Montreal to Buy GE Capital's Transportation-Finance Unit

[Buzz_Burner_Fresh_Updates] Bank of Montreal to Buy GE Capital's Transportation-Finance Unit – foxbusiness.com Bank of Montreal said it had agreed to acquire General Electric Capital’s transportation-finance business operations in a multibillion-dollar deal.  Continue Reading On foxbusiness.com »  

Tesco sells South Korean unit to MBK-led group for $6.1 billion

[Buzz_Burner_Fresh_Updates] Tesco sells South Korean unit to MBK-led group for $6.1 billion – reuters.com LONDON/SEOUL (Reuters) – Britain’s Tesco has agreed to sell its South Korean business to a group led by private equity firm MBK Partners for $6.1 billion, the supermarket company said on Monday, making its first major disposal since it hit financial […]

UPDATE 3-G20 eyes faster economic reforms as cheap credit not enough for growth

[Buzz_Burner_Fresh_Updates] UPDATE 3-G20 eyes faster economic reforms as cheap credit not enough for growth – reuters.com ANKARA, Sept 5 (Reuters) – Financial leaders from the world’s 20 biggest economies agreed on Saturday to step up reform efforts to boost disappointingly slow growth, saying reliance on ultra-low interest rates would not be enough to accelerate economic […]