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Royal Bank of Canada, the nation’s largest lender, agreed to buy Ally Financial Inc. (ALLY)’s Canadian auto-finance and deposit business in a cash deal providing $4.1 billion in proceeds to Ally.

Royal Bank will buy the Ally business for a C$1.4 billion ($1.4 billion) investment net of excess capital, the Toronto- based lender said today in a statement. RBC said the total price will be C$3.1 billion to C$3.8 billion, depending on the size of a dividend taken out by Ally prior to closing. The deal is the largest takeover ever for Royal Bank, eclipsing a $2.16 billion purchase of Centura Banks in 2001.

A RECENT survey by the Ministry of Health and Social Welfare shows that prostitutes or Female Sex Workers (FSW) in Dar es Salaam attract more than 15,000 men a day and half of them prefer unprotected sex at a higher price.

And the business involving at least 5,000 to 10,000 female commercial sex workers fetches between 50,000/- and 200,000/- a month depending on the 'value' of the worker. According to "HIV Behavioural and Biological Surveillance Survey among Female Sexual Workers in Dar es Salaam," conducted in 2010 and launched at the weekend, many FSW manage to 'sleep' with at least five men a day while condom use being less consistent.

But to make it even worrying is that three in every ten FSW have contracted HIV while more than 10 in every 100 have Sexual Transmitted Diseases (STI) including the deadly Hepatitis B and C. Illiteracy and poverty among many FSW is reported as the main contributing factors behind the risky business which left more than 30 per cent of the estimated 7,500 of them to contract HIV-AIDS but haven't retired from the business.

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Are employers shredding jobs ahead of ObamaCare? There's not much sign of it. bit.ly/SlTM8j