Insurer American International Group Inc (AIG.N) said on Monday it will sell its aircraft-leasing business to AerCap Holdings NV (AER.N) for $5.4 billion, after four years of trying to divest its biggest non-insurance business in fits and starts. The insurer, which was nearly wiped out by derivative bets during the […]
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Qualcomm promotes Mollenkopf to CEO, ends Microsoft talk
Qualcomm Inc, the world’s biggest maker of cellphone chips, unexpectedly named Chief Operating Officer Steve Mollenkopf as chief executive on Friday, heading off the possibility he might be poached to run Microsoft Corp. Mollenkopf had been in line to eventually succeed CEO Paul Jacobs, the 51-year-old son of a Qualcomm […]
Dangote Plans $16bn Investment in Africa
Dangote Group, the Nigerian company controlled by Africa’s richest man Aliko Dangote, plans to invest about $16 billion in cement, petrochemicals and agriculture over the next four years to boost expansion. According to the President of the group, the investment will help the Lagos-based company grow by almost a third […]
