Li to Buy ING’s Hong Kong, Other Units for $2.14B

Richard Li, son of Asia’s richest man, agreed to pay 1.64 billion euros ($2.14 billion) for ING Groep NV’s insurance units in Hong Kong, Macau and Thailand, as Asian buyers seek to profit from the dismantling of Europe’s largest financial companies.
Equity Valuations Lofty, Earnings Lousy: Morganlander
36:44 - Stifel Nicolaus' Chad Morganlander and Bloomberg's Michael Regan discuss the global selloff in stocks with Bloomberg's Pimm Fox on "Taking Stock." (Source: Bloomberg)
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