Business

Insurer Travelers’ profit tanks on higher catastrophe losses

Property in addition to casualty insurer Travelers reported a steep drop in quarterly profit on Thursday, hit by $700 million in catastrophe losses coming from hurricanes Harvey in addition to Irma. The company, often considered a bellwether for the insurance sector, said catastrophe losses rose 700 percent coming from a year ago, coming from the destruction caused by the hurricanes. ...

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ADP can be already creating alterations activist investor Bill Ackman wants, CEO says

Automatic Data Processing can be already creating many of the alterations activist shareholder William Ackman can be advocating, yet the idea will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday. “We have a pretty Great track record of being able to deliver Great improvements in our own business without creating massive one-time ...

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Apple stock falls on reports of low iPhone 8 sales

  Apple’s shares fell more than 2.5 percent on Thursday as brokers as well as also traders speculated over poor demand as well as also cuts in production of iPhone 8, ahead of the November launch of the 10th anniversary iPhone X. Apple no longer gives regular updates on sales numbers nevertheless indications coming from supply channels, phone operators as ...

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Boeing autonomous flight investment pushes company strategy forward

Boeing said on Thursday the idea invested in Near Earth Autonomy, a Pittsburgh-based firm of which develops technologies enabling autonomous flight such as drones. In addition to the undisclosed investment, Boeing said the two companies will also explore products along with applications for emerging markets such as urban mobility. the idea was the first investment in autonomous technologies by Boeing’s ...

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Amazon has brought benefits—in addition to disruption—to Seattle

Memo to the many places vying for Amazon’s second headquarters: the item ain’t all food trucks in addition to free bananas. For years, much of downtown Seattle has been a maze of broken streets in addition to caution-taped sidewalks. Dozens of enormous cranes tower overhead as double-length dump trucks hauling excavated dirt rumble past pedestrians in addition to bicyclists. The ...

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Anthem takes pharmacy business in house, taps CVS to help

Health insurer Anthem will start managing its billions of dollars of patient prescriptions itself in 2020, which said on Wednesday, ending a deal with Express Scripts Holding which had deteriorated into lawsuits over terms. Anthem, which has said Express Scripts overcharged which by $3 billion annually through unfavorable prices, said which would certainly use drug retailer CVS Health to handle ...

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Check out Delta’s brand-new flagship plane, the Airbus A350

This specific’s the end of an era for American aviation. At the end of the year, Delta Air Lines will retire its Boeing 747s, the double-decker, humpbacked jumbo jets that will made air travel more affordable for millions over the past 50 years. Meet its successor: The sleek, two-engine Airbus A350. Delta will have several of the twin-aisle workhorses by ...

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Toyota recalls more than 300,000 Sienna vehicles

Toyota announced Wednesday that will that will will be recalling more than 300,000 vehicles sold inside the U.S. because of safety concerns. The recall will affect certain Sienna minivans with type years of 2005, 2006, 2007, 2009 in addition to 2010. The company said that will inside the affected vehicles, grease inside the shift lever assembly could transfer to different ...

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Electronic Arts shares tumble on Star Wars game delay

Getty Images A man plays Star Wars Battlefront II on opening day of the Electronic Entertainment Expo (E3) at the Los Angeles Convention Center on June 13, 2017 in Los Angeles, California. Electronic Arts shares tumbled Wednesday after the game-maker announced the idea was postponing the Discharge of a Star Wars action title. The company also said the idea was ...

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