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Fortis says year net profit up 32 percent
YAHOO
Reuters - Dutch-Belgian financial services
group Fortis reported a 32 percent rise in
net profits to 3.9 billion euros ($4.66 billion) on Friday, in
results released unexpectedly early.
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GM shares see late-day slide on GMAC deal worries
YAHOO
Reuters - Shares of automaker General Motors
Corp. slid late in the trading session on Friday on
concerns about the company's ability to strike a deal for a
controlling stake in its financial services business, GMAC.
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GM board to mull GMAC bids, ratings still unclear
YAHOO
Reuters - The board of General Motors Corp.
will examine bids for a controlling stake in its
lucrative financial services business, GMAC, at its next
scheduled meeting on February 6.
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House panel sets February 15 hearing on Fed's report
YAHOO
Reuters - The House Financial Services
Committee said on Tuesday it would hold a hearing on the
Federal Reserve's semiannual monetary policy report on February
15.
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Zurich calls off US Universal Underwriters sale
YAHOO
Reuters - Zurich Financial Services Group has
canceled the $1.1 billion sale of its Universal Underwriters
auto dealer insurance unit to private equity house Hellman &
Friedman.
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Pudong Bank agrees to let Citi chase 2nd China buy
YAHOO
Reuters - Pudong Development Bank has agreed to
waive a series of exclusivity agreements forged with partner
Citigroup Inc. over two years ago, clearing the way for
the world's top financial services firm to pursue its second
investment in a Chinese lender.
Sources: YAHOO
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