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.
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.
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.
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.
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.