AIG to restructure into three new units, marking CEO’s first big move – Reuters

(Reuters) – American International Group Inc (AIG.N) said on Monday it will reorganize into three new business units and will no longer have separate commercial and consumer units, marking the first significant move by new Chief Executive Brian Duperreault. Under the new structure, AIG will have a general insurance unit, a life and retirement unit…

China’s Leshi Internet plans to buy finance business from affiliate for 3 billion yuan – Reuters.com

(Reuters) – The main listed unit of Chinese technology conglomerate LeEco said on Sunday that it plans to buy investment and financial service assets from an affiliate for up to 3 billion yuan ($455.24 million) as part of a restructuring exercise. Leshi Internet Information & Technology, a video content company, said in a filing it…

Chanelling Gianni: Donatella Versace goes all out in tribute Milan show – The Australian Financial Review

by Lisa Armstrong Tributes are a strange business. A closure of sorts. Then again, there’s always the risk of reopening old wounds that may, more or less, have healed. Donatella Versace has been tussling with this dilemma for two decades. It’s 20 years and two months since her brother, Gianni, was murdered outside his Miami…

Small business, economy’s engine room – Coffs Coast Advocate

APPROXIMATELY 95% of employers are considered to be a small business (less than 20 employees), including micro businesses (less than five employees). Micro & small businesses make a significant contribution to the total value of industry output. Small businesses are spread out over all industries. In the Coffs Harbour region ‘health care and social assistance’…