Topic: Financial Services Sector

MetLife seals Alico deal after two-year quest

NEW YORK (Reuters) - MetLife Inc <MET.N> pursued AIG's <AIG.N> foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads in 47 nations from Peru to Bangladesh. The deal for American Life Insurance Co ...
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Stocks trade flat after more corporate dealmaking

Stocks ended mixed after a new round of mergers and acquisitions raised some hope for the economy. Financial shares are up Monday after insurer American International Group Inc. reached a deal to sell one of its major foreign divisions to MetLife Inc. for $15.5 billion. Meanwhile, health care stocks ...
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Obama wagers political fate on health care

A fired-up President Barack Obama launched a populist assault Monday on price-gouging American insurance firms, escalating his last-ditch bid to pass a historic health reform bill. Obama laid a bold bet with his remaining political capital in an event in metropolitan Philadelphia, painting insurance firms as villains and seeking to ...
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Microchip Tech raises bid for Silicon Storage

Microchip Technology raises bid for Silicon Storage a second time to thwart CerberusMicrochip Technology Inc. on Monday raised its purchase price for Silicon Storage Inc. a second time, competing with a private-equity firm for the maker of flash memory cards used in digital cameras and MP3 players. Microchip is now ...
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