Dexia SA, the lender being broken up after a Franco-Belgian bailout, is close to selecting a final bidder for its asset management unit as New York Life Insurance Co. and Macquarie Group Ltd. vie for the business, people with knowledge of the matter said.
Harvard University took sole possession of first place in U.S. News & World Report’s 2011 rankings of top U.S. academic research institutions. Princeton University, which tied with Harvard for the lead last year, fell to second place.
The news that Claremont McKenna College submitted false SAT scores for incoming freshmen to U.S. News & World Report (and other outlets, including the Department of Education) is causing a ripple of shock throughout higher education.
American International Group Inc. ’s planned $2.15 billion sale of its Taiwan life insurance unit was blocked by local regulators, setting back the U.S. insurer’s effort to repay its $182.3 billion government bailout.
Bond broker Chapdelaine & Co. is seeking buyers as an April agreement to sell itself to Hong Kong-based Primus Financial Holdings Ltd. has yet to close, according to three people with direct knowledge of the matter.
The Singapore unit of Primus Pacific Partners Ltd. and Lee Theng Kiat, president of Temasek Holdings Pte, agreed to settle a lawsuit over a rental dispute, according to three people familiar with the case.
Lee Theng Kiat, president of Temasek Holdings Pte, sued the Singapore unit of Primus Pacific Partners Ltd., a Hong Kong-based private-equity firm, seeking to shutter the unit for failing to pay rent on a bungalow.