NATION

NATION
Company based in Canadaacquires John Hancock
BOSTON -- Canada-based Manulife Financial Corp. will acquire John Hancock Financial Services Inc. in a $10.4 billion stock swap, obtaining a venerable U.S. financial-services company that has long been a civic and corporate pillar of Boston.
Under terms of the deal, shareholders of Boston-based John Hancock will receive 1.1853 shares of Manulife for each of their shares.
The deal announced Sunday would create a company ranked fourth in the United States in individual life-insurance sales. The combined company would be Canada's largest individual and group life insurer.
WORLD
2nd director leaves NYSE
FRANKFURT, Germany -- DaimlerChrysler's chairman and chief executive, Juergen E. Schrempp, is leaving the New York Stock Exchange's board of directors after a salary furor centering on former Chairman Dick Grasso, a spokesman for the auto giant said Sunday.
Schrempp becomes the second director to leave the board, which has been under pressure to reform its governance practices.
Associated Press