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INSURANCE

Anbang Insurance head Wu Xiaohui to be prosecutedAnbang Insurance head Wu Xiaohui to be prosecuted

Reported by BBC News
In an unusual move Anbang Insurance will be taken over by the government for one year. »more

Business Videos


News video: China seizes control of Anbang, chairman prosecuted
▶ China seizes control of Anbang, chairman prosecuted 01:45

News video: Trump Calls On Mexico To Do More To Block Illegal Immigrants From El Salvador
▶ Trump Calls On Mexico To Do More To Block Illegal Immigrants From El Salvador 00:35

News video:
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News video: Crews work to rescue boaters after collision on Little Manatee River
▶ Crews work to rescue boaters after collision on Little Manatee River 00:54

News video: General Mills to Buy Blue Buffalo
▶ General Mills to Buy Blue Buffalo 02:10

News video: Standard Life to Sell Insurance Unit to Phoenix Group
▶ Standard Life to Sell Insurance Unit to Phoenix Group 07:12

News video: Snapchat Stock Loses $1.3 Billion After Kylie Jenner Tweet
▶ Snapchat Stock Loses $1.3 Billion After Kylie Jenner Tweet 00:26

News video: Samsung Galaxy S9 rumors heat up before Mobile World Congress
▶ Samsung Galaxy S9 rumors heat up before Mobile World Congress 03:00

 
ROYAL BANK OF SCOTLAND / PROFIT

Royal Bank of Scotland posts "symbolic" first profit since financial crash

Royal Bank of Scotland posts "symbolic" first profit since financial crash
Royal Bank of Scotland this morning reported its first annual profit since 2007.

The state-backed lender posted returns of £752m, well ahead of analyst expectations.

Chief executive Ross McEwan said he was "pleased" with posting a profit, adding: 


This is a..
City A.M.

 
ANBANG

China takes over Anbang Insurance

BEIJING: China took over Anbang Insurance Group for a year on Friday and said its former chairman faces prosecution for "economic crimes" as the government stepped up its battle against corruption and excessive corporate debt.
Bangkok Post

 
SNAPCHAT / KYLIE JENNER
Kylie Jenner's tweet about dumping Snapchat made one group of investors $163 million (SNAP)   Kylie Jenner says Snapchat is over - and Wall Street panics   Kylie Jenner tweet helps sink Snapchat market value by US$1.3 billion  

Kylie Jenner says Snapchat is over - and Wall Street panics

Kylie Jenner says Snapchat is over - and Wall Street panics
Shares in Snapchat's owner sink after the reality TV star tweets her criticism of the messaging app.
BBC News

 
PET FOOD / GENERAL MILLS

General Mills to buy pet food maker Blue Buffalo

Cheerios cereal maker General Mills will buy Blue Buffalo Pet Products for nearly $8 billion, seeking to tap growing demand for natural pet food and offset falling sales for processed items.
RTE.ie

 
AUSTRALIA
William Hill pushed into loss by Australia writedown
The bookmaker reports an annual loss of £75m after slashing the value of its Australian business.
BBC News

 
MOBILE WORLD CONGRESS
Five things to watch at Mobile World Congress
Barcelona event set to feature Samsung, Facebook, Huawei, 5G and US developments
FT.com

 
FLORIDA
BlackRock puts gunmakers on notice after Florida school shooting
BOSTON/NEW YORK (Reuters) - The world's largest asset manager put U.S. gunmakers on notice on Thursday that it is no longer business as usual in the wake of a shooting that killed 17 at a Florida high school.
Reuters

 
REVIEW / COMMISSION
Mass. Gaming Commission says Wynn review is 'a priority'
A representative from the Massachusetts Gaming Commission’s investigations and enforcement bureau on Thursday assured the board that its investigation of the suitability of Wynn Resorts’ gaming license in Massachusetts continues to be “a priority,” but did not share further details regarding..
bizjournals

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