MetLife expands asset management arm with up to $1.2 billion deal for PineBridge

(Reuters) -The asset management arm of U.S. insurer giant MetLife has agreed to buy PineBridge Investments from Hong Kong billionaire Richard Li’s Pacific Century Group (PCG) in a deal valued at up to $1.2 billion, the companies said on Monday. The acquisition will enable MetLife to expand its asset management capabilities, reflecting an emerging trend…

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Ford donates $1 million and fleet of vehicles to Trump’s inauguration

By Nora Eckert and David Shepardson DETROIT (Reuters) – Ford Motor Co is donating $1 million and a fleet of vehicles to U.S. President-elect Donald Trump’s January inauguration, a company spokesperson said on Monday. Policies on tariffs and electric vehicles that are being considered by the incoming administration would likely affect Detroit carmakers like Ford,…

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