Press Digest: Wall Street Journal - Feb 17

TONGYANG Life Insurance

17/02/2015 06:27

Feb 17 (Reuters) - The following are the top stories in the 
Wall Street Journal. Reuters has not verified these stories and 
does not vouch for their accuracy. 
     
    * Top lawmakers in the House and Senate have begun their own 
probes into a recent spate of fraudulent tax filings made 
through Intuit Inc's  INTU.O  TurboTax, as federal agents try to 
determine what has happened. (http://on.wsj.com/1AM19Pl) 
     
    * Amid the steepest downturn in crude prices in years, 
Europe's big oil companies are getting a boost from a previously 
unprofitable source, their refining businesses. (http://on.wsj.com/1vAQkcR) 
     
    * H Partners Management LLC has told Tempur Sealy 
International Inc's  TPX.N  board that it wants Chief Executive 
Mark Sarvary removed immediately, citing concerns about the 
mattress company's missed financial forecasts and stock 
performance. (http://on.wsj.com/1JmVbKf) 
     
    * Canadian insurance giant Fairfax Financial Holdings Ltd 
 FFH.TO  said it had struck a deal to acquire U.K. specialty 
insurer Brit Plc  BRIT.L  in a transaction worth $1.88 billion. 
(http://on.wsj.com/1zk1EM9) 
     
    * Anbang Insurance Group of China is buying a controlling 
stake in South Korean life insurer Tong Yang Life Insurance Co 
Ltd  082640.KS  for $1 billion, the latest acquisition abroad 
for the aggressively expanding Chinese insurer. (http://on.wsj.com/1zk1OmH) 
     
    * Japanese industrial-robot maker Fanuc Corp  6954.T  said 
it would invest more than $1 billion in new factories and 
research facilities at home, days after one of New York's most 
well-known hedge funds called on it to return more cash to 
investors. (http://on.wsj.com/1CDdv98) 
 
 (Compiled by Zara Mascarenhas in Bengaluru) 
 ((zara.mascarenhas@thomsonreuters.com; within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 8144; Reuters Messaging: 
zara.mascarenhas.thomsonreuters.com@reuters.net)) 
 
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