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  (Joanna Wnuk/Getty Images/Hemera)

 

(Joanna Wnuk/Getty Images/Hemera)

Morning meeting: Teachers-led group lands stake in Kyobo Life Add to ...

Teachers-led group wins stake in South Korea's Kyobo Life
A consortium led by Ontario Teachers Pension Plan has beaten Affinity Equity Partners for a $398-million stake in South Korea's unlisted Kyobo Life Insurance, according to local media.

Goldman gets picky
Goldman Sachs will likely name fewer partners this year. That comes after the 8 per cent staffing cuts made in the past year.

No fun in the sun for Crowley
Hedge fund ESL Investments Inc. has moved to Miami, but President William C. Crowley will not be going along. The former managing director at Goldman Sachs Group has left the firm for personal reasons.

Report warns of drop in oil sands R&D
The federal government has scaled back its support for industrial research and development just as oil sands companies are gearing up their effort to find innovative ways to cut costs and improve environmental performance.

OSC chairman’s term extended for two years
Howard Wetston has signed on for an extended term as chairman of the Ontario Securities Commission because he says he has too many new initiatives under way to walk out the door next year.

Chinese firms snapping up foreign assets
Chinese companies went on an overseas shopping spree in the first quarter, to the tune of $21.4-billion, an increase of 118 per cent.

Meanwhile, in China, a whisky bubble looms.

Eager to become a one per center?
Head to the oil patch.

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