Sun Life Financial Inc. today said that it will buy Lincoln National Corp.’s business in the United Kingdom for about $318.6 million.
The company, which markets itself under the name Lincoln Financial Group, said it will accept as much as $950 million in capital as part of the government's $700 billion TARP program.
Standard and Poor’s Ratings Services has raised its outlook on TARP recipients The Hartford (Conn.) Financial Services Group and Lincoln National Corp.
Net purchases of stocks, notes and bonds obtained by foreigners fell to $11.2 billion in April.
It was the largest increase since sales surged by 1.7 percent in January following six straight declines.
The proposal would allow the SEC to issue rules requiring companies to give shareholders more say in executive compensation.
The number of U.S. households on the verge of losing their homes dipped in May from April, and the annual increase was the smallest in three years.
The Labor Department says initial claims for unemployment insurance dropped last week by 24,000 to a seasonally adjusted 601,000. That's below analysts' estimates of 615,000.
Barclays Global Investors North Asia Ltd. announced today that iShares, the firm’s exchange traded fund unit, has expanded its Asia management team.
Separate efforts to sell the businesses and personal property of disgraced financier Bernard Madoff have been combined to speed the process and get more of the proceeds to those he cheated.
