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  • 01/19/2018 05:42:57

    Lincoln Financial to buy Liberty Life Assurance Co. of Boston for $3.3 billion

    Lincoln Financial Group said Friday it will pay $3.3 billion to buy Liberty Life Assurance Company of Boston from Liberty Mutual Insurance Group. Under terms of the deal, which is expected to close in the second quarter of 2018, Lincoln Financial's payment consists of $1.45 billion total net investment for the group benefits business, which includes a purchase price of $1.02 billion and $425 million in required capital. The deal also includes $1.20 billion associated with excess capital in LLAC, $4210 million of individual life and annuity value paid by Protective Life and $211 million of tax items. "Through this transaction, Lincoln Financial will have a significantly increased presence in the group benefits market by complementing our existing small to middle-market strengths with even deeper large case and disability expertise," said Chief Executive Dennis Glass. The stock, which was still inactive in premarket trade, has rallied 24.6% over the past 12 months, while the SPDR S&P Insurance ETF has gained 12.1% and the S&P 500 has climbed 23.6%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/16/2018 14:27:20

    BRIEF-Quantum Corp Names Patrick Dennis As CEO

    Quantum Corp(QTM): * QUANTUM CORPORATION NAMES PATRICK DENNIS AS CEO. * Quantum Corp(QTM) - PATRICK DENNIS SUCCEEDS ADALIO SANCHEZ, A MEMBER OF QUANTUM'S BOARD WHO HAD SERVED AS INTERIM CEO SINCE EARLY NOVEMBER 2017. * Quantum Corp (QTM) - DENNIS WAS MOST RECENTLY PRESIDENT AND CEO OF GUIDANCE SOFTWARE.

  • 01/08/2018 11:37:46

    BRIEF-LP Insurance Services Agrees To Acquire Assets Of Loan Protector Insurance Services

    Loan Protector: * LP INSURANCE SERVICES HAS AGREED TO ACQUIRE THE ASSETS OF LOAN PROTECTOR INSURANCE SERVICES. * LOAN PROTECTOR SAYS FOLLOWING TRANSACTION, DENNIS SWIT WILL NOW SERVE AS CEO OF CO AND CO WILL CONTINUE TO OPERATE UNDER LOAN PROTECTOR BRAND Source text for Eikon: Further company coverage:

  • 01/02/2018 16:02:36

    BRIEF-Suncor Names Former Exxon Executive Dennis Houston To Board

    Suncor Energy Inc(SU): * SUNCOR ENERGY APPOINTS NEW MEMBER TO BOARD OF DIRECTORS. * ANNOUNCES APPOINTMENT OF DENNIS HOUSTON, FORMER EVP, REFINING & SUPPLY AT EXXONMOBIL TO BOARD Source text for Eikon: Further company coverage:

  • 12/29/2017 10:10:45

    BRIEF-Civista Bancshares Appoints Dennis Shaffer As CEO

    * CIVISTA BANCSHARES- CONFIRMED APPOINTMENT OF DENNIS SHAFFER AS CEO OF CO & CEO AND PRESIDENT OF CIVISTA BANK - SEC FILING Source text:(http://bit.ly/2Egi567) Further company coverage:

  • 12/21/2017 15:05:22

    BRIEF-Sinclair Broadcast Group Enters Into Agreement With NCTC

    Sinclair Broadcast Group Inc(SBGI): * SINCLAIR BROADCAST GROUP ENTERS INTO RETRANSMISSION CONSENT AGREEMENT, TENNIS CHANNEL CARRIAGE AGREEMENT WITH NCTC. * Sinclair Broadcast Group Inc(SBGI) - AGREEMENT ALSO PROVIDES FOR CARRIAGE OF SINCLAIR OWNED TENNIS CHANNEL.

  • 12/20/2017 14:17:32

    United Auto Workers head says U.S. training center probe is limited

    The United Auto Workers is cooperating with a government investigation into allegations of embezzlement by union officials at training centers funded by U.S. automakers, the union's president said on Wednesday. The probe was limited to a small group of people and would not affect remaining leadership, UAW President Dennis Williams said.

  • 12/13/2017 11:23:28

    Starbucks market share in at-home coffee products reaches 2017 highs

    Starbucks Corp.'s market share for at-home ground coffee was 16.2% for the four weeks ending Dec. 2, reaching 2017 highs for both the K-Cup and traditional ground coffee segment. K-Cup market share was up about 130 basis points month-over-month to 18.9% according to Nielsen numbers quoted in a UBS note. And ground coffee was up 70 basis points month-over-month to 13.6%. Ground coffee sales rose 4.1% year-over-year, outperforming the 0.7% growth for the broader category. "Starbucks demonstrated another solid month of U.S. single-serve and traditional ground coffee performance against sluggish category trends," analysts led by Dennis Geiger. "We believe Starbucks' brand strength, loyalty, product, innovation and channel expansion support continued share gains, with international CPG a significant opportunity to drive additional channel development segment growth." UBS rates Starbucks shares buy with a $64 price target. Shares are up 7.2% for the year to date while the S&P 500 is up 19.1% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/22/2017 14:57:39

    BRIEF-Avista announces changes in its officer team and board of directors

    Avista Corp(AVA). * Avista announces changes in its officer team and board of directors. * Avista Corp(AVA) - ‍dennis Vermillion has been named president of Avista Corp​ Source text for Eikon: Further company coverage:

  • 11/16/2017 17:01:14

    Amazon serves up tennis to its UK Prime members with ATP deal

    Amazon.com(AMZN) will exclusively stream 37 top men's tennis tournaments from 2019 to its Amazon Prime Video subscribers in Britain and Ireland after it won the ATP broadcast rights from pay-TV group Sky. The deal underlines Amazon's (AMZN) ambition to challenge traditional pay-TV providers by using exclusive sports and entertainment content to attract people to its video service.

  • 10/23/2017 11:46:16

    BRIEF-Under Armour mulls exiting smaller sports categories - WSJ

    * Under Armour (UAA) mulls exiting smaller sports categories such as tennis and fishing; co-founder Kip Fulks takes sabbatical - WSJ, citing sources Source text - http://on.wsj.com/2yNK5Oa Further company coverage:

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