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U.S. President Barack Obama wants to raise the federal minimum wage to $9 an hour from $7.25 as a way to alleviate the pain of poverty and make work more attractive for the poor.
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Great-West Lifeco Inc., Canada’s second-largest insurer, agreed to buy Irish Life Group Ltd. for C$1.75 billion ($1.73 billion) from Ireland’s government as it seeks to expand European operations. Shares climbed the most in almost seven months.
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U.S. lawmakers are considering changes to the tax deductibility of charitable contributions, scrutinizing a benefit that is expected to allow 38.7 million households to claim a deduction for 2012.
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You could say that Myanmar won over Kevin Murphy at “min-ga-la-ba,” or “hello” in Burmese. The American first came to this isolated land in the 1980s as a student and returned in the 1990s as a journalist. In 2002, he came back again -- this time for good and as an investor.
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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.
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Irish Life & Permanent Plc posted an operating loss as it set aside more money to cover bad loans at its mortgage unit after real-estate prices plunged.
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Irish Life & Permanent Plc, Ireland’s biggest mortgage provider, may seek to raise money by the end of the year if it decides to split its banking and life insurance units.
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Chief executive officers are not the only highly paid people in America. It’s just their misfortune that, thanks to disclosure rules, they’re among the most visible.
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Irish Life & Permanent Plc said it expects to start talks with the government in the first quarter of next year on a potential merger including two other lenders.
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Irish Life & Permanent Plc shareholders approved a new corporate structure for the company, paving the way for the possible inclusion of its banking unit into a new financial services group.
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