Northwestern Mutual Life Insurance Co., the No. 2 seller of the coverage in the U.S. last year, is turning to property investments and private deals after scaling back from stocks during last year’s rally.
Northwestern Mutual Life Insurance Co. sold the Seattle headquarters of its Russell Investment Group unit for $480 million, the largest deal for a single office building in the western U.S. since 2006.
Qualcomm Inc., the world’s largest maker of mobile phone chips, persuaded a U.S. judge to throw out a $173 million patent-infringement verdict won by ParkerVision Inc. over wireless-network technology.
London Stock Exchange Group Plc is considering a purchase of Russell Investments Ltd., the indexing and fund-management unit of Northwestern Mutual Life Insurance Co., to expand its FTSE International Ltd. business.