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BUSINESS
August 9, 2001 | Bloomberg News
Nationwide Financial Services Inc., the No. 6 publicly traded U.S. life insurer, agreed to buy Provident Mutual Insurance Co. for $1.56 billion from its policyholders to increase sales of variable annuities. The acquisition comes as bigger insurers buy smaller rivals to shore up earnings as slumping stocks pare profits. Columbus, Ohio-based Nationwide said the purchase will make it the No. 3 provider of variable life insurance and immediately add to earnings. The price is about 1.
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BUSINESS
August 9, 2001 | Bloomberg News
Nationwide Financial Services Inc., the No. 6 publicly traded U.S. life insurer, agreed to buy Provident Mutual Insurance Co. for $1.56 billion from its policyholders to increase sales of variable annuities. The acquisition comes as bigger insurers buy smaller rivals to shore up earnings as slumping stocks pare profits. Columbus, Ohio-based Nationwide said the purchase will make it the No. 3 provider of variable life insurance and immediately add to earnings. The price is about 1.
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BUSINESS
September 29, 1998 | From Bloomberg News
United Asset Management Corp. said Monday that it is in talks to sell its Pilgrim Baxter & Associates Ltd. fund management unit to Nationwide Financial Services Inc. Boston-based UAM is seeking as much as $600 million for Pilgrim Baxter and no agreement has been reached yet with Columbus, Ohio-based Nationwide, said people familiar with the talks. Pilgrim Baxter executives want to own a stake in the firm if a sale occurs, they said.
BUSINESS
September 29, 1998 | From Bloomberg News
United Asset Management Corp. said Monday that it is in talks to sell its Pilgrim Baxter & Associates Ltd. fund management unit to Nationwide Financial Services Inc. Boston-based UAM is seeking as much as $600 million for Pilgrim Baxter and no agreement has been reached yet with Columbus, Ohio-based Nationwide, said people familiar with the talks. Pilgrim Baxter executives want to own a stake in the firm if a sale occurs, they said.
BUSINESS
September 5, 1998 | Bloomberg News
Nationwide Mutual Insurance Co. said it agreed to a $100-million settlement of claims that it misled customers who bought its life insurance policies. The agreement covers about 650,000 Nationwide policyholders involved in a class-action suit against the Columbus, Ohio-based insurer. Policyholders can apply to receive higher dividends, premium discounts or other benefits, Nationwide said. Nationwide, which is the sixth-largest U.S. property and casualty insurer and has about $68.
BUSINESS
December 23, 2006
* Investors wronged by accounting fraud at Gemstar-TV Guide International Inc. will soon receive payments from an $83-million fund compiled by class-action lawsuits and regulators, the Securities and Exchange Commission said. The disbursement, approved in U.S. District Court, includes cash and stock from the Hollywood-based company, four of its former executives and auditor KPMG. * Belo Corp.
BUSINESS
October 25, 2004
Today * National Assn. of Realtors reports on existing-home sales for September. * Ashland Inc. releases fourth-quarter earnings. * Third-quarter earnings expected from American Express Co., BellSouth Corp., Electronic Data Systems Corp., Kellogg Co. and Kimberly-Clark Corp. Tuesday * Conference Board releases results of its monthly survey on consumer confidence. * Sara Lee Corp. releases fourth-quarter earnings. * Third-quarter earnings expected from AK Steel Holding Corp., BP, DuPont Co.
BUSINESS
August 19, 2001 | LIZ PULLIAM WESTON, TIMES STAFF WRITER
For nearly a decade, variable annuities have been one of the hottest retirement savings products around--both in terms of sales and controversy. The controversy shows no sign of abating. But sales of variable annuities are plummeting as falling stock markets, increased attention from regulators and a flood of lawsuits by disgruntled annuity owners take their toll.
SPORTS
December 12, 2007 | Gary Klein;David Wharton;Jaime Cardenas, By Times Staff and Wire Reports
USC defensive tackle Sedrick Ellis was a unanimous selection to the Associated Press All-American team announced Tuesday. Arizona State kicker Thomas Weber, who played at Los Angeles Loyola High, and Arizona cornerback Antoine Cason, who played at Los Alamitos High, also were voted to the first team by a 12-member media panel. Times writers do not participate in the voting.
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