VIENNAFRANKFURT, Reuters Property and retail giant Signa declared insolvency on Wednesday after lastditch attempts to secure fresh funding failed, making it the biggest casualty so far of Europe39;s property crash. Controlled by Austrian magnate Rene Benko, the group is an owner of New York39;s Chrysler Building as well as several highprofile projects and department stores across […]

Nov 29 Reuters KKR Co said on Wednesday it would buy a remaining 37 stake in Global Atlantic Financial Group that it does not already own for 2.7 billion in an allcash deal. Private equity firm KKR has served as the manager of Global Atlantic39;s investment portfolio since 2021 and said in July 2020 that it […]

BOSTON, Nov 29 Reuters State Street39;s assetmanagement arm will give retail investors an option to fully back corporate boards as it brings online features to allow fund shareholders to control their proxy voting rights, executives said. The option comes as State Street and rivals move to devolve proxy voting powers to shareholders on matters like director […]

GM to buy back 10 bln in stock, boost dividend by 33 Stock jumps 9.8, Ford and Stellantis also gain GM cuts 2023 profit outlook GM to cut spending on robotaxi unit Cruise CEO Barra 39;disappointed39; with EV production this year Nov 29 Reuters General Motors said on Wednesday its new labor deals after a lengthy […]