Royal & Sun says selling U.S. operation
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UK general insurer Royal & Sun Alliance  Insurance Group Plc  said on Thursday it was selling its  U.S. arm to Arrowpoint Capital, providing the company with a  long-awaited exit from its U.S. unit.
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Royal &amp; Sun Alliance (RSA) has become the latest company to move jobs to India. The insurance company has announced its plans to move 1,200 jobs to Bangalore during the next two years.
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Part of Hewlett-Packard's Chinese operations is up for sale as the company's Chinese partner looks to sell its stake.
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Dominion Resources  said on Monday that it would sell most of its gas and oil exploration and production operations to two different companies for about $6.5 billion as part of its plan to focus on its power business.
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Sun Microsystems Inc., whose servers run corporate networks and websites, will give away its newest operating system to generate more sales from service contracts.
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The French hotel group Accor said Monday it had completed the sale of its US hotel chain Red Roof Inn to an investment consortium for 1.313 billion dollars (954 million euros).
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Global food retailer Royal Ahold NV said Thursday it will sell two of its U.S. grocery chains, BI-LO and Bruno's, to Dallas-based Lone Star Funds for &#36;560 million in cash.
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The gas and electric company Dominion Resources said that it would sell some of its operations in the United States for a combined $6.5 billion.
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Canadian Imperial Bank of Commerce sold its last retail banking operation in the United States yesterday, ending a brief, but tumultuous, foray south of the border.
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London, Oct. 11: Britainâs second-largest general insurance group, Royal &amp; Sun Alliance, is to save Â£10 million a year by outsourcing 1,100 jobs in call centres, administration and processing to India over the next two years.
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WASHINGTON -- A Dubai-owned company will accept final bids within two weeks for the sale of all $700 million worth of its U.S. port operations to an American buyer, a plan forced by concerns over terrorism security.
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The Sun-Times Media Group Inc., the parent company of The Chicago Sun-Times, said Monday that it was considering a sale of the company and its assets.
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By Urvaksh Karkaria, The Florida Times-Union, Jacksonville  Dec. 20--International Paper said Tuesday it will sell its  Jacksonville-based Arizona Chemical business to Rhone Capital III L.P. for  $485 million, as the paper maker focuses on its uncoated paper and packaging  businesses.
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Limited Brands said that it had agreed to sell 75 percent of its namesake clothing chain to a buyout firm, Sun Capital Partners.
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(InfoWorld) - A U.K. company that has made a business out of selling preowned licenses for Microsoft Corp. products has brought its products to the U.S. for the first time. Disclic recently closed its first deal selling licenses it procured from companies going out of business in the U.K. to a company in the U.S., said Noel Unwin, a director of Discount-licensing.com, the Web site and trading arm of the company that sells the licenses. Discount-licensing.com sold licenses for Microsoft Office it obtained from two companies that divested their property in the U.K. -- Food Brokers and Quidnunc -- to WaferTech LLC, a U.S. semiconductor manufacturer, he said. Discount-licensing.com also recently made its first deal selling licenses it procured from a U.S. company to companies in the U.K., Unwin added. Discount-Licensing.com sold preowned licenses from an insolvent U.S.company, Cornell Trading Inc., to U.K. businesses in September and October. The U.K. businesses that purchased former Cornell Trading licenses were Benefit 2 Business, which purchase licenses for Exchange 2003; Abnormal Loads, which purchased licenses for Terminal Server 2003 CALs; 3D Computer Systems, which purchased licenses for Exchange, Windows and Terminal Server 2003 CALs; and Orange IS, which purchased Office 2003 Professional licenses. Unwin said his company did not sell preowned licenses in the U.S. until recently because it believed there would be license restrictions in reselling licenses from one region to another. Discount-licensing.com worked with Microsoft to ensure this was not the case before selling its licenses, he said. Microsoft could not be reached for comment through its public relations firm on Wednesday. But the company has acknowledged in the past it is legal to transfer product licenses for software owned by companies that are divesting. Disclic has built its Discount-licensing.com business since November 2005, gathering up Microsoft product licenses from insolvent companies and distributing them through its Web site. The company recently updated its site with comprehensive product search and ordering features, so customers can do their entire transactions online. Customers can access Discount-licensing.com's product search feature here Unwin said prices for U.S. customers are generally 15 percent less expensive than prices for U.K. customers. The company sells preowned licenses for about 35 percent to 40 percent cheaper than the original cost of the license. Because of these discounts, software resellers have been purchasing software from Discount-licensing.com to sell to their customers so they can make higher margins, Unwin added. Discount-licensing.com has added several hundred new customers so far in 2006, in addition to repeat customers. The most popular licenses the company sells are for Office XP, Unwin said. Other product licenses that do well include the SQL Server database and Exchange 2003 messaging server.
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Bayer continued with its strategic refocusing, announcing on Monday the sale of its plasma business to two US private capital funds.
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UK general insurer Royal & Sun Alliance   Insurance Group Plc RSA.L said on Thursday it was selling its   U.S. arm to Arrowpoint Capital, providing the company with a   long-awaited exit from its U.S. unit.