Sentences with phrase «noncore business»

The sale of the struggling Financial Freedom unit to an undisclosed buyer would continue CIT's strategy of shedding noncore business lines.

Additionally, it has a lot of room for cost cutting because it spends freely on noncore businesses.

AIG (NYSE: AIG) has come a long way toward selling off noncore businesses and getting the federal government's stake in the company down to a manageable level, and despite big share sales from the Treasury, the stock has jumped more than 40 % so far this year.

HSBC plc, Europe's biggest bank, is selling its 26 percent stake in a life insurance joint venture with two Indian state - run banks, as it sheds noncore businesses globally.

Not exact matches

Alphabet would be a holding company to house its wackier or noncore efforts — like its Verily life sciences, Waymo self - driving cars, and Loon Internet balloon projects — while Google's advertising - oriented business would stand apart and continue to drive the company's finances.