Topic: Stock Activity
Korea Life gains; buoys hopes for Samsung Life IPO
Reuters US Online Report Business News
SEOUL (Reuters) - Korea Life Insurance Co <088350.KS> shares closed up 8 percent in heavy trading on their debut on Wednesday, signaling keen demand ahead of bigger rival Samsung Life's planned $4 billion IPO in May. Korea Life had priced its $1.6 billion IPO, South Korea ...
Shin shuns limelight as Korea Life goes public
Reuters US Online Report Top News
SEOUL (Reuters) - Shin Eun-chul is a four-decade insurance veteran who, into his eighth year in charge of South Korea's No.2 life insurer, has not given any media interviews. That low profile is not unusual for the head of a flagship of one of South Korea's chaebol -- large ...
Ex-exec testifies in KB Home fraud trial in LA
AP News
Former exec testifies against ex-KB Home chief in LA stock-option backdating trialA former executive of KB Home testified Tuesday against former chairman and Chief Executive Bruce E. Karatz, who is accused of bilking shareholders out of millions of dollars by backdating stock options. Prosecutors contend that Karatz, 64, illegally backdated ...
Developers Diversified to use offering to pay debt
AP News
Developers Diversified prices $300 million public offering of senior notesDevelopers Diversified Realty Corp., a real estate investment trust, said Tuesday it plans to use about $300 million from a public offering of senior notes to repay debt. The shopping center owner said the underwritten public offering of 7.5 percent ...
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