News Highlights: Top Company News of the Day
December 05 2016 - 10:15AM
Dow Jones News
Liberty Mutual to Buy Ironshore
Liberty Mutual Insurance said Monday it reached a deal to buy
property and casualty insurer Ironshore Inc. in a deal valued at
about $3 billion, as Liberty seeks to grow its specialty lines
operations.
Under Armour Signs Deal to Supply MLB Uniforms
Under Armour signed its first deal to supply uniforms for a
major professional sports league, inking a 10-year deal with Major
League Baseball that begins with the 2020 season.
Deloitte's Brazil Affiliate Fined $8 Million
The Brazil affiliate of accounting firm Deloitte Touche Tohmatsu
agreed Monday to pay $8 million to settle a U.S. regulator's
allegations it issued false audit reports and tried to cover it
up.
UniCredit in Talks to Sell Pioneer Investment Unit to Amundi
UniCredit has entered exclusive talks with Amundi about the sale
of Pioneer Investments, in a deal that could also deliver the
Italian bank a special dividend of up to $853 million.
RBS Settles Dispute With Three Shareholder Groups
Royal Bank of Scotland said it would pay up to $1.02 billion to
settle claims with shareholder groups over allegations that it
misled them in the lead up to an emergency rights issue during the
financial crisis
Volkswagen Takes Challenge To Uber, Lyft
Volkswagen launched a new company to challenge Uber and other
tech rivals, seeking to become a global force in the digital auto
services that are threatening established car makers.
European Companies With Chinese Supply-Chains Brace for Anti-Dumping Rules
An approaching World Trade Organization deadline could result in
higher prices on European goods made with parts and materials
imported from China.
LPL Chief Executive Mark Casady to Retire
Mark Casady is stepping down as chief executive of LPL Financial
Holdings Corp. after a decadelong stint, as one of the biggest
brokerage firms continues to wrestle with regulatory problems and
sweeping changes to how investors save for retirement.
Italy Vote Increases Pressure on Banks
Italian bank stocks tumbled after voters rejected constitutional
reforms, stirring fresh turmoil in the nation's battered financial
sector and possibly culminating in the nationalization of troubled
lender Banca Monte dei Paschi.
Norwegian Air Shuttle May Open Two U.S. Bases Next Month
European budget carrier Norwegian Air Shuttle could set up two
new U.S. bases as early as next month after Washington approved the
airline's longstanding but contentious application to expand its
service.
(END) Dow Jones Newswires
December 05, 2016 11:00 ET (16:00 GMT)
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