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BUSINESS
By ORANGE COUNTY REGISTER | August 30, 1998
Transamerica Corp., which began offering reverse mortgages in 1993, said it stopped accepting applications last month, following a similar move by Household Bank last year."
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BUSINESS
By Steve Kilar and The Baltimore Sun | December 3, 2012
A Virginia firm is planning to convert 10 Light Street, Baltimore's iconic red-brick office tower topped with green and gold, into apartments. “The 520,000 square foot, 34 story structure will be converted to 445 for-lease residences,” according to a statement on the website of Metropolitan Partnership Ltd., the Reston, Va., development firm that purchased the building in November for $6 million. Ten Light was completed in 1929 and last sold in 2002, for $5.3 million to the Nellis Corp.
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BUSINESS
By Mark Guidera and Mark Guidera,SUN STAFF | July 22, 1999
Aegon NV, the big Dutch insurance conglomerate with U.S. headquarters in Baltimore, completed its $10.8 billion stock and cash acquisition of Transamerica Corp., a San Francisco-based insurance giant, yesterday.The purchase created the third-largest life insurance company in the United States.Aegon USA, which operates the Monumental Division and the Aegon Special Markets Group, plans to shift its headquarters to San Francisco from Baltimore as a result of the deal. However, few of the 800 employees in Baltimore will be affected, Aegon said.
NEWS
By Edward Gunts, The Baltimore Sun | July 4, 2012
One year after announcing plans to move its headquarters to the former Monumental Life Building at Charles and Chase streets, Chase-Brexton Health Services is about to begin a $25 million renovation to prepare the property for its new use. Chase Brexton cleared a key hurdle last month when Baltimore's Commission for Historical and Architectural Preservation approved its renovation plans, which call for interior spaces to be substantially reconstructed, exterior...
BUSINESS
By Robert Little and Robert Little,SUN STAFF | June 10, 1999
European regulators approved the purchase of Transamerica Corp. by Netherlands-based insurance giant Aegon NV yesterday, keeping the takeover on track for a July completion after it clears regulatory hurdles in the United States.The executive agency of the European Union approved the purchase during a meeting in Brussels, Belgium, releasing a statement saying the deal "does not create or strengthen a dominant position" and thus is not a threat to fair competition in European markets."It's really just one step on the long track left to go," said Mary Voeten, a spokeswoman at Aegon's headquarters in The Hague.
BUSINESS
By BLOOMBERG NEWS | August 11, 2000
Aegon NV, the second-largest Dutch insurance company, said yesterday that its first-half profit rose 48 percent fueled by acquisitions and a strong dollar. The company is looking at potential takeover targets in Britain. Although Aegon moved its U.S. headquarters to San Francisco after buying Transamerica Corp. in July 1999, it retains major operations in Baltimore. Net income rose to $910 million a share, from $613 million in the year-earlier period. That was in line with the 49 percent increase forecast by analysts.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | February 23, 1999
A jump in trading of Transamerica Corp. call options the day before Aegon NV agreed to acquire Transamerica is raising questions about whether insider trading occurred, according to Business Week magazine's online edition.Wednesday, the day before the $10.8 billion deal was announced, volume in call options with a "strike" price of $60 and with an expiration date of last Friday surged to 180 contracts from 10.Also Wednesday, volume on February Transamerica call options with a strike price of $55 a share shot up to 961 contracts from 26 the day before.
BUSINESS
By Mark Ribbing and Mark Ribbing,SUN STAFF | June 23, 1999
Aegon NV, the large Dutch insurance company that has its U.S. headquarters in Baltimore, is planning to pay $181.2 million to the chairman and chief executive officer of Transamerica Corp., the San Francisco insurer that Aegon is acquiring.Frank C. Herringer, the Transamerica CEO, would receive $145.8 million in previously vested stock options, Transamerica said yesterday.In addition, Herringer would get $35.4 million in incentive-plan payments and in unvested stock options that will become exercisable when Aegon's $10.8 billion purchase of Transamerica is completed.
NEWS
By Jay Hancock and Bill Atkinson and Jay Hancock and Bill Atkinson,SUN STAFF | February 19, 1999
Aegon NV, a big, Netherlands-based insurer with U.S. headquarters in Baltimore, agreed yesterday to pay $10.8 billion to acquire Transamerica Corp., the San Francisco insurer famous for its pyramid-shaped building.If sealed as planned this summer, the deal would be the second-largest U.S. life insurance marriage in history, behind American International Group Inc.'s $18.2 billion acquisition of SunAmerica Inc. in August, analysts said. It would create the third-biggest U.S. life insurer.Like most big corporate combinations in recent years, this one is driven by chances to trim overlapping costs and employees, and it raises unsettling questions for workers and their communities.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | October 29, 1995
* Robertson Stephens added a redemption fee to certain fund shares in August to discourage short-term trading, but has dropped the fee because of customer complaints.* Because of the recent merger of the Van Kampen Merritt Companies with American Capital and Research, six funds with similar investment strategies will be merged into six other funds. The survivors will be known as VKAC Municipal Income, Limited Maturity Government, Reserve, Insured Tax-Free Income, Utility, and Growth and Income.
BUSINESS
Eileen Ambrose | January 10, 2012
Thirty-seven percent of women polled rely on friends and family for retirement planning advice, according to a survey released today by Transamerica Center for Retirement Studies. That's great if your friend or relative is investment guru Warren Buffet or a financial whiz. Otherwise, you could be just following in a friend's moves - mistakes and all. Catherine Collinson, president of the center for retirement studies, says she was surprised by how many women rely on friends and family for retirement-related information.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | October 31, 2011
Transamerica Tower in downtown Baltimore now has Transamerica employees working in it - with more to come. After months of preparation by the insurance and financial services company, 340 workers arrived Monday for their first day at 100 Light St. following a whirlwind move of their computers, telephones and other office necessities from Mount Vernon over the weekend. More workers will follow in two weeks, bringing the total to about 800. For Transamerica, the mostly short-distance move is an opportunity to bring all its Baltimore workers under one roof in its headquarters town - and to put its name on the top of one of the city's tallest buildings.
BUSINESS
By Hanah Cho, The Baltimore Sun | October 7, 2011
Transamerica Life Insurance Co. has begun putting up its namesake sign at 100 Light St., transforming Baltimore's skyline once again. About 800 employees of the arm of Dutch insurer Aegon are expected to move from the firm's current midtown Baltimore offices to Transamerica Tower over the next several months. The move fills a void in the building left behind by Legg Mason, which moved its employees to a new structure in Harbor East in 2009. Transamerica agreed last year to lease the top nine floors, or about 171,000 square feet, of the 35-story skyscraper.
BUSINESS
By Edward Gunts, The Baltimore Sun | May 19, 2011
The law firm of Miles & Stockbridge said Thursday that it will move its Baltimore office to the Transamerica Tower by early 2013. The relocation will keep 275 employees in the city's central business district. Miles & Stockbridge is the latest of several large firms to lease space in the 35-story structure, originally constructed for USF&G Corp. and one of downtown's most prominent buildings. Its owner, a subsidiary of Lexington Realty Trust of New York, has spent approximately $45 million on upgrades for new tenants since Legg Mason moved from the building to Harbor East in 2009.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | September 27, 2010
Transamerica Life Insurance Co. will move its Baltimore operations to 100 Light St., filling some of the hole left in the downtown skyscraper when Legg Mason relocated across town last year. The life insurance firm, part of Aegon, has agreed to rent about 140,000 square feet of space by November 2011 and will move more than 700 employees there. Lexington Realty Trust, which owns the building, says it will be renamed “Transamerica Tower.” “The addition of Transamerica as a tenant and the renaming of 100 Light Street as the Transamerica Tower successfully culminates our efforts to reposition the building as the premier Class A office property in Downtown Baltimore,” T. Wilson Eglin, Lexington’s chief executive, said in a statement.
FEATURES
By MICHAEL SRAGOW and MICHAEL SRAGOW,SUN MOVIE CRITIC | January 27, 2006
Until it detours into dysfunctional-family comedy-drama, Transamerica rides cross-country without ever running low on bracing, cactus-spined surprises. It's a slap-happy road movie about Stanley "Bree" Osbourne (Felicity Huffman), a soon-to-be transgendered person - a man who's been through everything it takes to become a woman except the final surgery. Shortly before the scheduled operation, Bree learns that as Stanley she had a son named Toby (Kevin Zegers), now a teenager in New York City.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | November 12, 1999
Aegon N.V., the large Dutch insurance company that employs about 800 people in Baltimore, reported yesterday that its third-quarter profit surged 28.4 percent, driven by increasing sales of life insurance, accident and health insurance and banking products.The company, which for the first time included San Francisco-based Transamerica Financial Corp. in its results, made $438 million in the third quarter that ended Sept. 30, or 68 cents per share, compared with $341 million, or 59 cents a share, in the corresponding period last year.
BUSINESS
By BLOOMBERG NEWS | March 10, 2000
THE HAGUE, Netherlands -- Aegon NV, the second-largest Dutch insurer, said yesterday that fourth-quarter profit rose 37 percent as acquisitions added to earnings. The company said it's seeking partnerships with banks to help sustain growth. Net income rose to 471 million euros, equivalent to $453.5 million, or 0.72 euro a share, from 344 million euros, or 0.6 euro a share. Full-year profit rose 26 percent, in line with analysts' forecasts. Aegon benefited from buying San Francisco-based Transamerica Corp.
NEWS
By MARY MCNAMARA and MARY MCNAMARA,LOS ANGELES TIMES | December 25, 2005
HOLLYWOOD - For almost 30 years, Felicity Huffman has been a "working actor." This is a term used most often to describe someone who is not a movie star, who still requires a list of titles to explain who she is - "You know, the woman who was on Sports Night, the one who's married to the guy from Fargo." Now, Huffman is a star. Last year, she went from being the "Desperate Housewife" on the back fold of the Vanity Fair cover to the one with the Emmy in her hand. This year, she may wind up with a few more statues to dust.
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