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.
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.
Primus Financial Holdings Ltd. is considering an appeal after Taiwan regulators rejected its $2.15 billion bid for American International Group Inc. ’s Taiwan unit, said two people with knowledge of the matter.
Taiwan Secom Co. said it plans to form a group with Goldsun Development & Construction Co. and Primus Financial Holdings Ltd. to bid for American International Group Inc. ’s Taiwan life insurance unit.
American International Group Inc. , the insurer selling assets to repay a bailout, will consider scaling back operations at its Taiwan unit after a planned $2.15 billion sale of the business was rejected by local regulators.
China Strategic Holdings Ltd. , blocked from buying a controlling stake in American International Group Inc. ’s Taiwan life insurance unit, fell the most in four years after trading resumed this afternoon.