Australia & New Zealand Banking Group Ltd. Chief Executive Officer Michael Smith said takeover targets in Hong Kong are expensive, as the lender considers plans to expand its Asia-Pacific businesses.
ING U.S. Inc., the insurer being divested by its Dutch parent, promoted Michael Smith to chief executive officer of the insurance unit as Butch Britton retires.
American International Group Inc., the largest commercial insurer in the U.S. and Canada, promoted Michael Smith to chief operating officer of the division selling coverage to business clients.
Freeport LNG Development LP is seeking financing to start construction next year on an $11 billion natural-gas export facility in Texas that in six years is scheduled to ship 2.1 billion cubic feet of gas a day.
"What's pushing sugar and coffee higher is the idea of more drought-like conditions coming."
- Michael Smith on Jan 06, 2015