JAPAN

MetLife set to buy AIG's Alico unit: sources

IBTimes Logo
AIG was closing in on a deal on Sunday to sell its foreign life insurance unit to MetLife Inc for about $15.5 billion in cash and stock, leaving it with a substantial minority stake in MetLife, sources familiar with the matter said.

AIG to get MetLife stake in $15 billion unit sale

IBTimes Logo
AIG was closing in on a deal on Sunday to sell its foreign life insurance unit to MetLife Inc for more than $15 billion in cash and stock, leaving it with a substantial minority stake in MetLife, sources familiar with the matter said.
IBTimes Logo

Panasonic, Best Buy to tie up on 3D TV sales

Panasonic Corp will tie up with the top U.S. electronics chain Best Buy Co to market and boost the sales of its 3D TVs in the United States, the Nikkei business daily reported on Sunday.
More news
IBTimes Logo

iPad to hit U.S. stores April 3

Apple Inc said the first iPads will be in U.S. stores on April 3 and hit nine international markets from Japan to the United Kingdom later in April.
IBTimes Logo

Asian shares surge on U.S. data, euro flat

Asian shares surged on Friday after encouraging U.S. retail sales and jobs data suggested Asia's biggest export market was stabilizing, while the euro remained on the defensive amid the Greece debt crisis.
IBTimes Logo

MetLife near $15 billion deal for AIG unit

A tax question holding up American International Group Inc's sale of its foreign life insurance unit to MetLife Inc is expected to be resolved favorably, clearing the way for a roughly $15 billion deal, sources familiar with the matter said on Thursday.
IBTimes Logo

Asian shares fall on Greece, global outlook

Asian shares failed to hold on to their early gains, slipping into negative territory as worries about Greece and the outlook for the global economy made investors cautious.
IBTimes Logo

Asia shares rise cautiously on Greece hopes

Asian shares eked out gains and the euro extended its rise on Thursday after Greece announced fresh austerity measures to reduce its deficit and on data pointing to a rebound in the U.S. jobs market.
IBTimes Logo

Molson Coors CEO interested in 'smart' deals

Molson Coors Brewing Co , viewed by some as a potential suitor for the beer business of Foster's Group Ltd , is interested in acquisitions as long as they are smart, its chief executive said on Wednesday.
IBTimes Logo

Little room for hybrids, EVs in Europe for a decade

Hybrid and electric cars are the stars of motor shows, but the expensive technologies could take a decade to really hit European roads as automakers improve petrol and diesel cars to meet short-term emissions targets.
IBTimes Logo

Greece steps help euro, push debt premium down

The euro rose against the dollar and Greek borrowing costs fell to their lowest level since mid-February as Greece's cabinet approved new steps to fight a budget deficit, seen as key to secure EU fiscal support. European shares, however, were flat as traders said most of the news had been priced in and ahead of U.S. jobs data, though world stocks gained, on track to gain for the fourth consecutive day and near their five-week high.
IBTimes Logo

Nissan to recall 540,000 vehicles globally

Nissan Motor Co, Japan's third-biggest car maker, said it will recall about 540,000 vehicles worldwide due to potential defects in brake pedal pins and fuel-gauge components, mostly in the United States.
IBTimes Logo

Activision forms new Call of Duty unit

Activision Blizzard Inc is forming a business unit for its blockbuster Call of Duty franchise, following the departure of two senior executives at the studio that developed the video game, the company said on Tuesday.
IBTimes Logo

Commodities Track: Most commodity prices rise

Commodity prices recovered in February after falling in the first month of the year despite China's tighter monetary control regime and US Federal Reserve raising rates for emergency loans to banks which initally sent jitters down the commodity street. However, prices of key commodities have rebounded with crude oil rising as much as 10 percent while key Nymex traded Copper futures have gained 7.1%. Gold gained 2% in February and Spot Gold in New York closed the month at $1,119 still far short o...
IBTimes Logo

N.Korea presses direct nuclear talks with U.S.

North Korea said on Tuesday the standoff over its nuclear programme should be settled through direct talks with the United States, but first Washington must drop what it called its hostile policies.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.