Donald Sterling’s $2 billion payday from the sale of the Los Angeles Clippers is good and bad news for National Basketball Association owners, who won’t be permitted by players to ignore escalating franchise values in the next round of labor talks.
Great-West Lifeco Inc., Canada’s second-largest insurer, named Bill Kyle chief executive officer of Irish Life Group Ltd., which the company is set to take over for 1.3 billion euros ($1.7 billion) within weeks.
Irish Life Group Ltd. Chief Executive Officer Kevin Murphy postponed his plans to retire at the end of 2012 as the government revived talks to sell the state-owned insurer to Canada’s Great-West Lifeco Inc.
J.C. Flowers & Co. and three other bidders for Ireland’s EBS Building Society may buy and merge several lenders to create a new competitor to the country’s biggest banks, two people familiar with the situation said.