06:12 AM EDT, 08/14/2024 (MT Newswires) -- UBS (UBS) has agreed to sell Credit Suisse's US Mortgage Servicing business, UBS Chief Financial Officer Todd Tuckner said during the company's Wednesday earnings call. Tuckner said the transaction is expected to close in Q1 2025 and is estimated to reduce annualized costs by about $250 million. No transaction terms were disclosed. Price:...

06:46 AM EDT, 08/14/2024 (MT Newswires) -- Carlyle Group ( CG ) , alongside German state lender KfW, continues to be in good discussions regarding the purchase of a majority stake in Thyssenkrupp's warship division, Reuters reported Wednesday, quoting Thyssenkrupp's chief financial officer, Jens Schulte, as telling journalists. Carlyle, KfW and Thyssenkrupp did not immediately respond to MT Newswires' requests...

06:45 AM EDT, 08/14/2024 (MT Newswires) -- Parkland (PKI.TO) late on Tuesday said it is surprised and disappointed by Simpson Oil's initiation of litigation related to a 2019 governance agreement. Parkland rejected the what it called a routine turnover in the management team over the past five years led to a change that would relieve Simpson Oil of its obligations...

The Allstate Corporation ( ALL ) shares are trading higher after the company reached a definitive deal to sell its Employer Voluntary Benefits business to StanCorp Financial Group, Inc. for $2.0 billion in cash, subject to customary conditions and approvals. The sale is projected to generate a $600 million gain and increase deployable capital by $1.6 billion. Allstate ( ALL...