General Motors Co on Tuesday said Chief Executive Dan Akerson will step down next month and be replaced by Mary Barra, the company’s global product development chief, marking the first time a major U.S. automaker has been led by a woman. The company said in a statement that Akerson, who […]
Business News
SAC agrees to sell reinsurance business to investor group
A group of investors led by insurance-industry veteran Brian Duperreault struck a deal to buy billionaire trader Steven A. Cohen’s SAC Capital Advisors LP’s reinsurance business. The deal for Bermuda-based SAC Re Ltd. is expected to close in December, a spokesman representing Duperreault and the investor group said on […]
ETI Signs $50 million Loan Deal with PROPARCO
Ecobank Transnational Incorporation (ETI) says it has signed a $50 million loan agreement with PROPARCO. PROPARCO is a development finance institution jointly held by Agence Française de Développement (AFD) and public and private shareholders from the North and South. The bank over the weekend notified the Nigerian Stock Exchange (NSE) […]
