Hints and tips:
...Born in Marrakesh, Morocco, and raised in a modest upbringing in Hartford, Connecticut, Lasry considered becoming a UPS truck driver after graduating from Clark University in 1981....
...Last week, US-based Navigators was bought by The Hartford in a $2.1bn deal. Aspen has been looking for a buyer for much of the year....
...The Hartford will record a $3.2bn post-tax loss on the deal. JPMorgan advised The Hartford. Bank of America Merrill Lynch advised Atlas Merchant....
...The Hartford’s chief executive Christopher Swift said: After a thorough and robust process, we concluded that this transaction is the best path forward....
...When Cornell Capital, a company started by a former Goldman Sachs executive Henry Cornell, bought the life and annuities business of The Hartford in December, in partnership with Bob Diamond’s Atlas Merchant...
...Mr Wojnar moved to the $192bn investment arm of the New York-listed bank from Hartford Funds, the US asset manager....
...It is unclear what Tribune’s next move will be although the company, which also owns the Baltimore Sun and Hartford Courant, is known to be pushing ahead with redundancies that will hit the LA Times newsroom...
...Tim Hartford directs us to a nice piece by John Cassidy in the New Yorker this week wondering why it is that hedge funds can still get away with making a killing when their performance is so underwhelming...
...The move followed Tribune’s $2.73bn acquisition of 19 stations from Local TV Holdings LLC in the industry’s biggest transaction in six years....
...Weak investment returns have prompted several US life assurers – including Hartford Financial Services and Genworth – to scale back their annuities operations....
...John Paulson, the billionaire hedge fund manager, last year pressured the Hartford Financial Services Group to sell its life insurance business and refocus on other products....
...● Invesco has a new head of fixed income, Gregory McGreevey, who was most recently president of Hartford Investment Management Company....
...The S&P 500 Financials sector also suffered, closing down 3.6 per cent, led by insurer Hartford Financial which dropped 7.5 per cent to $20.86....
...Brown Rudnick is advising PSW NYC LLC, the entity created by Pershing and Winthrop, another source added....
...Hartford Financial Services climbed 4.8 per cent to $28.58 as the insurer announced plans to sell shares and debt to repay its $3.4bn bail-out. Energy stocks rallied after market underperformance....
...Based in Hartford, Connecticut, UTC offers a subsidy for school costs including registration, tuition, fees and books....
...The Hartford unveiled plans earlier this year to sell variable annuities in Germany starting in the first quarter of 2009....
...The decline came even after the company became the latest in the sector – after Prudential Financial and Hartford Financial last week – to state that it was well capitalised....
...International; Allstate; Travelers/ EMC; Devon Energy; Alcoa; Colgate-Palmolive; Fedex; Monsanto; Franklin Resources; Halliburton; Capital One; Burlington Northern Santa Fe; Kimberley-Clark; Union Pacific; Hartford...
...partnerships, known as TMCT I and TMCT II, contain all of Tribune’s preferred stock, 51.3m shares of common stock, real estate used by its papers the Los Angeles Times, Newsday, the Baltimore Sun and the Hartford...
...Shares in restaurant operator Hartford Group put on 12.6 per cent to 1.07p as the company announced the £5.8m purchase of American-themed bar and grill chain Henry J Beans and issued a positive second-half...
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