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IAG Cuts 600 Local Jobs, Exits UK

Insurance Australia Group Ltd IAG has slashed its final dividend, cut 600 local jobs and will wind back its United Kingdom operations at a cost of $350 million, just two years after entering the fiercely competitive British market.The reduction in IAG's final dividend to nine cents a share, from...

Tags: Job, Equity, U.K., Mr., IAG, Insurance, Financial Planning, Business Operations, Corporate Insurance, Finance, AAP

News items 2008-07-09

Additional Resources

IAMGOLD Second Quarter Financial Results Release-August 8, 2008

IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) will release second quarter financial results before the market opens on Friday, August 8, 2008. A conference call will be held on Friday, August 8, 2008 at 11:00 a.m. Eastern Time to discuss these results. A webcast of the conference...

Articles 2008-07-11

IAMGOLD Reports Increase in Mupane's Mineral Reserves Extends Mine Life Due to Cost and Production Initiatives

IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) is pleased to provide an update on the increase in mineable mineral reserves at its Mupane Mine, located in Botswana. The increase in Mupane's mineral reserves is a direct result of IAMGOLD's successful effort to convert the operation to owner...

Articles 2008-07-04

Racino Royale, Inc: First Order Of Slot Machines Arrive In Peru

TORONTO, June 19 /PRNewswire-FirstCall/ -- Racino Royale, Inc. (OTCBB: RCNR), a company focused on identifying and developing gaming opportunities, is pleased to announce that its wholly-owned subsidiary, InterAmerican Gaming Corp. ("IAG", http://www.interamericangaming.com/) has received its first order of slot machines in Lima, Peru. IAG-Peru S.A.C., a wholly-owned subsidiary of...

Articles 2008-06-19

A.M. Best Affirms the Ratings of Industrial Alliance Insurance and Financial Services Inc. and Its Subsidiary

OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A Excellent and issuer credit ratings ICR of "a+" of Industrial Alliance Insurance and Financial Services Inc. IA Quebec [TSX: IAG] and its subsidiary, Industrial-Alliance Pacific Life Insurance Company IAP (Vancouver, British Columbia). A.M. Best also...

Articles 2008-06-18

IAMGOLD Announces Preliminary Westwood Production Could Begin in 2010

IAMGOLD Corporation ("IAMGOLD" or "the Company")(TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) is pleased to announce the positive results of an internal scoping study on a near surface portion of the Westwood resource (the "Warrenmac" deposit). This deposit could be accessed during the exploration shaft development at Westwood and begin production in the...

Articles 2008-06-12

IAMGOLD Resolves Work Stoppage at Rosebel

IAMGOLD Corporation ("IAMGOLD" or "the Company")(TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) announced today that employees at its Rosebel Gold Mine RGM in Suriname returned to work yesterday after a 21 hour work stoppage. Management worked proactively with the Union to end the stoppage. Production resumed without incident and it is anticipated that...

Articles 2008-06-10

IAMGOLD Announces Operational Improvements Impacting Reserve Life and Costs

IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) is pleased to announce the positive results from the feasibility study regarding a paste backfill system at its Niobec mining operation, which will double reserves. The Company has also completed changes at its Mupane and Yatela gold operations that will...

Articles 2008-06-02

IAMGOLD Announces Acceleration of Work at Westwood

IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) announces progress on the acceleration of its Westwood advanced exploration project located two kilometres from the Company's operating Doyon Mine within the prolific Abitibi region of Northern Quebec. "The momentum behind the Westwood project continues to increase as the acceleration...

Articles 2008-05-30

IAMGOLD Reports Success in First Drill Campaign at Sarakreek

IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) is pleased to announce drill results from its Sarakreek project located in Suriname, South America, 100 km south of the Company's Rosebel mine. It covers a total surface area of 1,281 km2 in two separate properties. IAMGOLD holds a 87.5%...

Articles 2008-05-29

IAMGOLD Reports Promising Drilling Results From Buckreef

IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) announces an exploration update for the Company's Buckreef Project located in the prolific gold belt of Lake Victoria Goldfields in northern Tanzania. Buckreef is an advanced exploration project containing measured and indicated resources of 15.9 million tonnes, at an average...

Articles 2008-05-27

Lawsuit with Significant Impact to Toll Industry Open Road Tolling Dismissed with Prejudice

RICHARDSON, Texas -- ETC Corporation ETC today announced that a lawsuit brought against the Company by TransCore (which operates as a unit of Roper Industries - NYSE:ROP) has been dismissed with prejudice by the United States District Court for the Northern District of Texas, Dallas Division. The intellectual-property lawsuit claimed...

Articles 2008-05-23

InterAmerican Acquisition Group Inc. to Acquire Emerging Leader in China City Planning & Infrastructure Development

SAN DIEGO & SHANGHAI, China -- InterAmerican Acquisition Group Inc. ("IAG") (OTCBB:IAQG) (OTCBB:IAQGU) (OTCBB:IAQGW), announced today that it has entered into a definitive agreement ("Agreement") to acquire up to 89.6% of the capital stock of Sing Kung, Ltd. ("Sing Kung"), a British Virgin Islands ("BVI") holding company and will also...

Articles 2008-05-21

Australia's QBE drops 8.35 billion US takeover bid for IAG

SYDNEY AFP — Australian-listed global insurance group QBE Insurance said Wednesday it had withdrawn an 8.7 billion (8.35 billion US) dollar takeover bid for Insurance Australia Group IAG. QBE said its had dropped its merger proposal after the IAG board late Tuesday rejected a sweetened takeover offer. ...

Articles 2008-05-20

Arabian Knights: Al Jaber leaves Austrian Airlines standing at altar

VIENNA AFP — It was to have been a marriage made in heaven. When Austrian Airlines and would-be investor, Saudi billionaire Mohamed Bin Issa Al Jaber, announced they were tying the knot in March, the airline's main shareholder, the state-owned holding company OeIAG, hailed the deal as a...

Articles 2008-05-17

Nielsen Completes Acquisition of IAG Research

Expands Nielsen's TV and Internet Analytics Services NEW YORK, May 16 /PRNewswire/ -- The Nielsen Company today announced that it has completed the acquisition of IAG Research, Inc., a privately held company that measures consumer engagement with television programs, national commercials and product placements. The transaction...

Articles 2008-05-16

IAMGOLD Reports Record Net Earnings and Operating Cash Flow in the First Quarter 2008

IAMGOLD Corporation (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) - For a full explanation of results, the unaudited interim Consolidated Financial Statements, Management Discussion & Analysis, and mine statistics, please see the Company's website, www.iamgold.com . "We are very pleased with the record revenue, net earnings and cash flow reported during the...

Articles 2008-05-13

Austrian Airlines talks with investor break down: shareholder

VIENNA AFP — Talks between the owners of Austrian Airlines and a Saudi investor who had agreed to acquire a stake in the airline have broken down, at least temporarily, the main shareholder announced late Monday. A spokeswoman for public holding OeIAG, which has a 42.75-percent stake in...

Articles 2008-05-12

IAMGOLD to Receive in Excess of $48 Million From Sale of La Arena

IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) announced today it has entered into an agreement for the sale of its Peruvian development copper / gold project, La Arena, to Rio Alto Mining Limited ("Rio Alto") for US$47.55 million in cash and a 5.5% interest in Rio Alto....

Articles 2008-05-08

IAMGOLD Reports Continued Success at 3.3 Million Ounce Westwood Project

IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) is pleased to announce exploration results from the ongoing program at the Company's Westwood project. This advanced exploration project covers an area of 3 km long by 2.5 km depth and is located on strike east of the Company's Doyon...

Articles 2008-05-06