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AdvertisementChinese billionaire Tianqiao Chen is the US' 82nd-biggest individual landowner according to the latest edition of The Land Report. Chen owns 198,000 acres of timberland in central Oregon through his investment group – Shanda Asset Management – per the ranking. Related storiesThe land is currently owned by Shanda Asset Management, The Land Report said, citing Oregon tax records. Shanda Asset Management is a branch of the Shanda Group, an investment firm. As well as the land in Oregon and Ontario, Shanda Asset Management owns real estate in China.
Persons: Tianqiao Chen, , Chen, Bend . Chen, Canadian Irving, Chrissy Organizations: Deschutes National Forest, Shanda Interactive Entertainment, Service, Forest, Bend ., Business, Fidelity National Financial Ventures, Forest Resources, Deschutes Land Trust, Shanda Asset Management, Shanda, Management, Bloomberg, Nasdaq, Shanda Group Locations: timberland, Oregon, Deschutes, Bend, Ontario, Canada, Canadian, China
Elsewhere, the U.K. is predicted to have the highest inflation out of all advanced economies this year. The country reported consumer prices that rose by an annual 8.7% in May – hotter than expected. They were mostly energy or financial stocks. They offer the highest dividend yields on the list, at more than 10%. Financial services firm Fifth Third Bancorp and insurance company Fidelity National Financial also made the screen, with dividend yields of around 5%.
Persons: Devon, , Jeff Cox Organizations: CNBC Pro, Natural Resources, Devon Energy, EOG Resources, Fifth Third Bancorp, Fidelity National Financial Locations: U.S, OPEC
NEW YORK, March 29 (Reuters) - Fidelity National Financial Inc (FNF.N) will pay $3.5 million to settle New York Attorney General Letitia James' claims that the largest U.S. title insurer illegally conspired with rivals not to solicit each other's employees. Under an agreement made public on Wednesday, Fidelity also agreed to end all "no-poach" agreements within 30 days, and cooperate with James' probe into the title insurance industry. James said no-poach agreements, whether written or oral, reduce competition for workers, resulting in lower wages and benefits and impeding career growth. It promised to notify James' office if it learned of illegal no-poach agreements over the next 10 years. Reporting by Jonathan Stempel in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Oct 12 (Reuters) - Blackstone Inc (BX.N) signed a partnership deal to manage certain investments for Resolution Life and has agreed to invest $500 million in the life insurance group, the companies said on Wednesday. The asset manager has been executing a similar playbook in recent years, looking to boost its assets under management (AUM) by adding insurance investments in its portfolio. Register now for FREE unlimited access to Reuters.com RegisterIt also has a similar partnership with annuities and life insurance provider F&G, a unit of Fidelity National Financial Inc (FNF.N). With backing from Resolution's existing investors, Blackstone will also aid Resolution in raising another $2.5 billion of equity capital to help "rapidly scale its growth". Founded in 2003, Resolution acquires and manages portfolios of life insurance policies.
In 2020, more than half of those who responded to a survey by Fidelity National Financial said they would consider living in a tiny home. A New Frontier tiny home designed by David Latimer. Studio Bull/New Frontier DesignTake a look at variations of Ori's expandable apartments.
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