Fidelity National Financial Inc., the title insurer that also has restaurant businesses and an auto-parts company, hired JPMorgan Chase & Co. to review possible divestitures of assets as the firm narrows its focus.
Aflac Inc., the largest seller of supplemental health insurance, plans to add bets beyond U.S. corporate debt and Japan government bonds to its investment portfolio in 2014, Chief Financial Officer Kriss Cloninger said.
Standard Life Investments’ Thomas Moore is betting the U.K. companies that paid below-average dividends in 2013 will increase their payouts in 2014 as Britain’s economy heads for its fastest growth in seven years.
Thai Beverage Pcl’s credit rating was cut to junk by Standard & Poor’s, which cited concern about the debt and cash flow of the group controlled by Thai billionaire Charoen Sirivadhanabhakdi after the purchase of Fraser & Neave Ltd.
Qantas Airways Ltd.’s credit rating was cut to junk at Standard & Poor’s a day after the carrier flagged a record first-half loss and 1,000 job cuts. The shares fell to the lowest since July 2012 and bond risk soared.
Paul Kazarian, the U.S. investor buying up Greek government bonds, calls the European Union’s accounting “completely irrational” and wants to help finance an alternative to allow Greece to return to the debt markets.