Old Mutual may list one U.S. unit, sell another

U.K. insurance and investments group Old Mutual /quotes/comstock/23s!a:oml (UK:OML 121.30, -2.20, -1.78%) said Thursday it expects to list a minority shareholding in its U.S. asset management business and will explore the sale of its U.S. life insurance operations as part of a strategy to reduce its exposure to the country. The announcement came as the firm reported a net loss of 340 million pounds ($508 million) for 2009 following a profit of 441 million pounds a year earlier...

MarketWatch: Old Mutual may list one U.S. unit, sell another