- CHICAGO (AP) -- Insurance underwriter Old Republic International Corp. said Friday that it has withdrawn plans to spin off its subsidiary Republic Financial Indemnity Group. The Chicago-based company announced in May that it sold a 20. (Yahoo Finance)
- NEW YORK (AP) - Shares of Old Republic International Corp. tumbled Monday in their second-straight day of trading after the insurance underwriter said it had withdrawn plans to spin off a subsidiary. (MSN Money)
- Old Republic International Corp. (ORI) plunged the most since 2009 in New York trading after the insurer withdrew a plan to spin off the mortgage-guaranty operation that ran short of capital. (Bloomberg)
- Shares of Old Republic International Corp. tumble after the insurance underwriter said it had withdrawn plans to spin off a subsidiary. (Yahoo Finance)
- KT Corp. (030200) (030200 KS), South Korea's largest phone reported the company is reviewing various ways to set up a holding company, including a spinoff of its network business. (Bloomberg)
- Hell receive the medal sponsored by Northrup Grumman Corp. at an IEEE ceremony on Saturday in Boston. (TMCnet)
- Sara Lee Corp. (Sara Lee) (NYSE: SLE including with respect to Sara Lees spin-off plans. (4-traders (press release))
- Sara Lee Corp., the maker of Jimmy Dean sausages, Ball Park hot dogs and Hillshire Farms lunch meat, is expected to spin off its European coffee and tea business on Thursday. It will then change its name to Hillshire Brands. (Crain's Chicago Business)
- However, News Corp has had to agree to spin off Sky News to allay fears about the companys dominance of the media landscape. The agreement was strongly criticised by News Corps opponents. China is proposing to cut income tax in a bid to boost domestic demand. (BBC News)
Tuesday, June 26, 2012
News Corp. Spinoff
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