Great-West Life snags Putnam for $3.9 bln
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TORONTO/VANCOUVER, British Columbia  - Canadian insurer Great-West Lifeco Inc.  said on Thursday it will buy ailing money manager Putnam Investments from Marsh & McLennan Companies Inc.  for $3.9 billion in a bid to gain a key foothold in the U.S. asset management market.
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A private equity group led by Appaloosa Management LP and Cerberus Capital Management LP will invest up to $3.4 billion in bankrupt auto parts maker Delphi Corp. , giving the investors a large stake when the company emerges from bankruptcy, Delphi said on Monday.
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Insurance broker Marsh & McLennan  Companies Inc.  said on Thursday that it would sell its  troubled money manager, Putnam Investments, to a unit of  Canada's Power Financial Corp. . for $3.9 billion.
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KB Home , a leading U.S. home builder, on Tuesday posted a smaller-than-expected quarterly net loss after a $343.3 million noncash for declining land values, sending its shares up 1.6 percent.
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Private equity group Kohlberg Kravis Roberts & Co.  said on Monday it will acquire discount retailer Dollar General Corp.  for $22 a share, or about $6.9 billion.
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Business News, MELBOURNE, Financial group HHG has agreed to sell its life insurance business, including Pearl, National Provident Life and London Life, for 1.025 billion pounds to Life Company Investor Group, and plans to return 875 million pounds of the
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Diversified manufacturer 3M Co.  on Wednesday said it has agreed to buy for Biotrace International PLC , a U.K.-based maker of industrial microbiology products, for about $98 million.
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Compressor and machinery maker Atlas Copco  said it had agreed to sell most of its U.S. equipment rental business for $3.8 billion to Ripplewood Holdings and Oak Hill Capital Management.
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Insurer Standard Life has agreed to buy  rival Resolution for 4.9 billion pounds ($10.1 billion),  topping a competing offer and breaking up Resolution's planned  merger with Friends Provident.
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Home Depot Inc.  has agreed to sell its supply division to three private equity firms, sources said on Tuesday, in a roughly $10 billion deal that unloads a business the home-improvement retailer's former chief executive worked to expand.
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In an unusual deal with the nation's most powerful public pension fund, Putnam Investments yesterday pledged new disclosures and other protections intended to win back the trust -- and business -- of investors who fled the beleaguered firm after its market-timing fraud case last year.
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A mysterious investment group formed just last month bought a majority stake in the core production unit of the Russian oil giant Yukos Oil Co. for $9.3 billion Sunday at a Moscow auction.
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SAN FRANCISCO (CBS.MW) -- Putnam Investments is expected to unveil new protections and disclosures for shareholders in its mutual funds, California&#39;s treasurer said Wednesday.
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Hewlett-Packard Co., a maker of computers, printers and information technology systems for businesses, said Monday that it bought back about $1.3 billion worth of common shares from Merrill Lynch & Co. in an accelerated repurchase program, while its board also approved the repurchase of an added $3 billion in stock.
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Google said it invested $3.9 million this month in 23andMe, a biotech company co-founded last year by Sergey Brinâs wife.
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Putnam Investments begins this business day as a company that is very publicly up for sale. Just a block away in Boston's Financial District, a much smaller firm will spend the day discreetly looking for asset managers it can buy into or finance.
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ConocoPhillips, the third-largest US oil company by sales, is set to pay at least $1.9 billion for the Russian government&#39;s remaining stake in OAO Lukoil, the nation&#39;s largest oil producer.