Co. provides and sells insurance products, including fixed and variable life insurance policies, fixed and variable annuity contracts, and group life, accident and health insurance...
AMSTERDAM (Reuters UK) - Dutch shareholder group VEB has asked the Dutch market regulator AFM to urgently investigate whether Fortis FORFOR misled shareholders and failed to inform them in a timely manner of looming solvency concerns. Anger at the high price paid by Fortis for the...
By Gilbert Kreijger AMSTERDAM (Reuters UK) - Belgian-Dutch financial services group Fortis FORFOR has agreed to sell about 10 percent of ABN AMRO's Dutch operations to Deutsche Bank DBKGn for 709 million euros (564 million pounds). Deutsche Bank will buy two units servicing large corporate ...
(Reuters) - Belgian-Dutch financial services group Fortis FOR FOR received $630 million in capital from Russian billionaire Suleiman Kerimov as part of its recent share issue, the Wall Street Journal said, citing people familiar with the matter. Fortis, which last week...
By Emma Thomasson and Foo Yun Chee AMSTERDAM (Reuters) - Fortis FORFOR said on Thursday it plans to shore up its finances with measures worth more than 8 billion euros ($12.54 billion), including issuing new shares, hitting its stock on dilution worries. The...
Fortis Bank is the largest financial institution in Belgium. In order to remain competitive and make sound strategic decisions, the bank wanted to improve its marketing campaigns to customers. SAS Enterprise Miner offered clean, reliable data, more relevant and cost-effective campaigns and better response rates. Shaped as multi-purpose software, Enterprise...
Metalico, Inc. (AMEX: MEA), a scrap metalrecycler and lead products fabricator, will host a conference call onThursday, July 31, 2008 at 10:00 a.m. Eastern time to discuss SecondQuarter 2008 earnings results, which are scheduled for release earlier thatday, and to provide an update on business developments. The conference call can...
WORLD MARKETS Stocks shed 1.9 per cent, hit by growing fears over the financial services sector, but a steep fall in oil prices helped shares end above the session's lows. US crude oil futures fell more than $7 to just over $137 a barrel. Banks got hit...
New Survey Shows Demand Growing as Buyers Struggle to Overcome Barriers LOS ANGELES -- Nearly half of all home buyers1 (44%) believe the housing market will improve once the new President takes office in January, 2009, according to a new survey released today conducted by Harris Interactive([R]) and...
Core-Mark Holding Company, Inc.(NASDAQ: CORE), one of the largest North American distributors to theconvenience retail industry, announced today that Basil Prokop, PresidentCanada, has retired effective July 14, 2008. "Bill has contributedsignificantly to Core-Mark's success in Canada during a career that hasspanned forty-eight years. Core-Mark is grateful to Bill for...
DETROIT, July 15 /PRNewswire/ -- Forty-seven years after the death of Ty Cobb, a Michigan author has launched an effort to resurrect the image of the "Georgia Peach." "Ty Cobb is the most maligned sports figure in American history," said Tom Stanton, author of Ty and The...
Fortinet® -- the pioneer and leadingprovider of unified threat management UTM solutions -- today announcedthat Hat World, Inc., a specialty retail leader of officially licensed andbranded athletic fashion headwear in North America, has deployed Fortinet'sFortiGate® multi-threat security appliances to help secure the network atits Indianapolis, Ind. headquarters and is currently...
BEVERLY HILLS, Calif. -- For George Foreman, putting himself on TV in a reality show isn't much of a leap. "Forty years ago, I won an Olympic gold medal, and my life has been an open book anyway. And sometimes guys are peeping over the windows and...
PARIS -- Forty-three nations, including Israel and Arab states, pledged Sunday to work for a Middle East free of weapons of mass destruction at the close of a summit to launch an unprecedented Union for the Mediterranean aimed at securing peace across the restive region. In a...
DALLAS, July 14 /PRNewswire-FirstCall/ -- Fortis Merchant Banking announced it successfully closed syndication of a $130 million senior secured financing for Monroe Gas Storage Company, LLC, a joint venture formed to construct, own and operate a depleted reservoir gas storage facility owned by Foothills Energy Ventures, LLC and High...
- National Red Bull Art of Can Exhibit Opens for All to Celebrate - HOUSTON, July 14 /PRNewswire/ -- The Red Bull Art of Can 2008 national collection was unveiled to more than 1,000 anticipating guests at the Houston Galleria last night, where attendees celebrated the work...
Rastafarians have always regarded Ethiopia as the promised land, but Italy could rank a close second after its Supreme Court ruled that smoking or possessing cannabis is not a criminal offence but a religious act when the person doing it is a Rastafarian. Last year, the same...
Cine Cuba to Thur A diverse season featuring some of the fruits of a small but vibrant national cinema, the highlights of which include Tomas Gutierrez Alea's Memories of Underdevelopment and Humberto Solas's sumptuous 1968 historical epic Lucia (Sun 1.30pm). Barbican, London EC2 The...
The Board of Directors of Fortis and M.Jean-Paul Votron havedecided, by mutual agreement and in the interest of the Group, toterminate the mandate of M. Jean-Paul Votron as Fortis CEO. Herman Verwilst, currently Fortis deputy CEO and executive member ofthe Board, has agreed to take over the Group CEO function....
UTRECHT AFP — The chief executive officer of Belgian-Dutch bank Fortis stepped down Friday, the bank said, amid shareholder anger over his handling of problems arising partly from the US subprime crisis. Jean-Paul Votron became one of the highest European bank officials to lose his job since the...
CALGARY, Alberta, July 11 /PRNewswire/ -- Fortis Merchant Banking today announced it is leading a $75 million senior secured with AIM SOP Phase I LP, a wholly owned sub of AIM Powergen Corporation ("AIM"). AIM is a wholly owned subsidiary of Renewable Energy Generation, a publicly listed company on...
