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Reliastar Financial Corp

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BUSINESS
March 18, 2003 | From Dow Jones/Associated Press
ING Groep said it took a $14.1-billion write-down on acquisitions under U.S. accounting rules, showing that companies the Dutch bank and insurer bought in 2001 are performing worse than expected. ING purchased U.S. insurers Aetna Inc. and Reliastar Financial Corp., as well as other assets in Europe and Asia. The current value of these companies is much lower than the price paid for them. ING shares rose $1.17 to 's American depositary receipts closed at $13.38, up $1.17 or 9.6%, on the NYSE.
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BUSINESS
February 22, 1995
Superior Vision Services Inc., a privately held developer and marketer of eye care plans, said that Northwestern National Life Insurance Co. has bought a stake in the company and will offer a new nationwide vision care plan. The alliance has been in the works for the past two years, when Superior Vision was formed. The Costa Mesa-based company did not disclose how much if any equity position Northwestern National now has in Superior Vision.
CALIFORNIA | LOCAL
April 12, 1998
Cher Glass, a physical education teacher at Nordhoff High School in Ojai, was recognized as "one of the nation's 100 outstanding educators" in the Education's Unsung Heroes Awards program. The program, administered by ReliaStar Financial Corp., honors kindergarten through 12th-grade educators nationwide for their innovative teaching methods and ability to positively influence their students.
BUSINESS
December 7, 2001 | Bloomberg News
ING Groep, the largest Dutch financial services firm, plans to shed 1,600 jobs at its U.S. insurance unit, or 15% of the work force, as $13.8 billion of purchases failed to increase profit as much as the company expected. ING bought ReliaStar Financial Corp. and two units of Aetna Inc. last year, tripling its U.S. life insurance business. Since then, sales have slumped.
BUSINESS
January 16, 1998 | Patrice Apodaca, Patrice Apodaca covers economic issues for The Times. She can be reached at (714) 966-5979 and at patrice.apodaca@latimes.com
Orange County, along with Los Angeles and Riverside counties, is one of the worst places to achieve financial security, a new report said. The study by ReliaStar Financial Corp. ranked the Los Angeles-Riverside--Orange County metropolitan region 94th out of 100 areas measured. The study used a formula, developed by economists and sociologists, that includes 15 measures of financial security, such as family earnings and wealth, income protection, job creation and job quality.
BUSINESS
June 1, 2000 | Bloomberg News
Aetna Inc. is in talks on the sale of its financial services and international businesses to Dutch insurer ING Groep, the companies said. The talks come more than two months after Hartford, Conn.-based Aetna broke off discussions to sell the entire company to ING and Wellpoint Health Networks Inc. for $10 billion, or $70 a share. Aetna directors said the company was worth more and voted in March to split its health-care and financial services businesses into two publicly traded companies.
BUSINESS
May 2, 2000 | Bloomberg News
ING Groep, the largest Dutch financial services company, agreed to buy ReliaStar Financial Corp. for $6.1 billion, in a move that would boost its premium income from life insurance by 50% in the U.S. and assist its entry into the fast-growing 401(k) pension market. Amsterdam-based ING said it will pay $54 in cash for each ReliaStar share and assume $1 billion in debt to become the No. 8 U.S. insurer and give it the biggest network of independent insurance brokers.
CALIFORNIA | LOCAL
August 1, 1999 | ANGIE WAGNER, ASSOCIATED PRESS
Tony Hammond came to Las Vegas on a Greyhound bus with $250 in his pocket and, like migrants everywhere, hopes for a better life. Four months later, Hammond was penniless and in the streets. "Twenty-seven and homeless," said Hammond, his face flushed with embarrassment and his dark eyes staring at the ground.
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