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$XL said its subsidiary, XL Life, agreed to reinsure a block of U.S.Term Life treaties to a subsidiary of $RGA.The deal includes all U.S.Term Life reinsurance policy reserves & cedes 80% of remaining life reinsurance premiums not included in sale of its life reinsurance subsidiary. With this deal, $XL expects to book a net GAAP loss of about $34MM.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!