Standard Life Sells Insurer Unit to Phoenix for $4.5 Billion

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Standard Life Sells Insurer Unit to Phoenix for $4.5 Billion

While outflows from the asset-management unit slowed, institutional investors accelerated redemptions. Standard Life Aberdeen also announced that Chairman Gerry Grimstone will step down next year. Bloomberg News first reported details of the deal, and Phoenix's plan to raise about 1 billion pounds
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What We Know So Far About China's Anbang Takeover: Q&A

Top financial and economic officials are expected to be reshuffled by the rubber stamp legislature, which Bloomberg reported last month might also enact a merger of the banking and insurance regulators. The Anbang announcement comes just days before the ruling party was expected to meet behind
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Toys R Us' chances of survival growing dimmer

The odds that Toys R Us will be able to emerge from bankruptcy are growing slimmer, according to bankruptcy and restructuring experts.
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Multistate salmonella outbreak tied to chicken salad

(CNN) An outbreak of salmonella infections linked to chicken salad has sickened 65 people in five states, the US Centers for Disease Control and Prevention reported Thursday.
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Get Ready For More Amazon Go Stores

The automated convenience stores are likely to open in Seattle and Los Angeles, according to Recode. Originally posted on February 22, 2018, at 9:33 a.m.. Updated on February 22, 2018, at 10:59 a.m.. Leticia Miranda. BuzzFeed News Reporter. Share On …
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