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Stock Market & Financial Investment News

News Breaks
June 17, 2014
07:12 EDTRSNAY, AXAHY, AZSEYRSA targets Asia unit sale in up to $500M agreement, Reuters says
RSA Insurance (RSNAY) is hoping to sell its Asia division in an auction that could fetch up to $500M and draw a wide array of potential buyers, according to Reuters, citing people familiar with the sale process. The sources said that firms contemplating offers include France's AXA (AXAHY) and German insurer Allianz (AZSEY). Reference Link
News For RSNAY;AXAHY;AZSEY From The Last 14 Days
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October 30, 2014
14:33 EDTAZSEYState Street loses PIMCO futures-clearing business, WSJ reports
At about the time PIMCO, a unit of Allianz (AZSEY), was dealing with the departure of Bill Gross, a unit of State Street (STT) asked the fund management company to reduce some positions, in response to which PIMCO pulled all its futures-clearing business from the company, according to The Wall Street Journal, citing people familiar with the matter. The report said it was not clear from its sources if State Streetís request was prompted by the exit of Gross. Shares of State Street, which had been slightly higher prior to the first headlines from the Journal's story, are down about 0.3% to $73.58 in afternoon trading. Reference Link
14:11 EDTAZSEYState Street loses PIMCO futures-clearing business, DJ reports
State Street had asked PIMCO to reduce its risk exposures, in response to which PIMCO removed all its futures-clearing business from a State Street unit, reported Dow Jones, citing sources.
October 16, 2014
07:21 EDTAZSEYCFA Institute to hold a conference
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