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Investment in play is “vital” to children’s development, according to a minister at the Department for Children, Schools and Families.
Planned investment in Southeast Bank on hold (Miami Herald)
Plans for a reorganized Southeast Banking Corp. returning to business will have to wait. A Merrill Lynch subsidiary on Tuesday notified the trustee in Southeast’s bankruptcy that the investment bank will not close on a deal to invest about $1.64 billion in the storied financial institution. Southeast has been in bankruptcy for about 18 years.
Travelers Profit Declines 32% on Investment Declines, Losses (Bloomberg)
April 30 (Bloomberg) — Travelers Cos. , the biggest U.S. property insurer by market value, said first-quarter profit fell 32 percent on investment losses and declines in investment income.
