October 18, 2018

AIG sees third-quarter catastrophe losses of $1.5 billion-$1.7 billion

Insurer American International Group Inc said on Thursday it expects third-quarter pre-tax catastrophe losses, net of reinsurance, of between $1.5 billion and $1.7 billion. Powered by […]
October 18, 2018

Internet provider groups sue Vermont over net neutrality law

Five industry groups representing major internet providers and cable companies filed suit on Thursday seeking to block a Vermont law barring companies that do not abide […]
October 18, 2018

Goldman Sachs says executives will not attend Saudi conference

Goldman Sachs Group Inc will not send any of its executives to a Saudi investment conference next week, Chief Executive Officer David Solomon said in an […]
October 18, 2018

Banks urge U.S. regulators to reconsider ‘Volcker Rule’ tweaks

Banks on Thursday pushed back on how regulators are attempting to simplify rules prohibiting banks from trading on their own account, a development that is likely […]
October 18, 2018

Global stocks tumble on souring sentiment; oil falls

Stocks fell sharply on Thursday while the Japanese yen rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy’s budget concerns […]
October 18, 2018

Campbell, Third Point battle heats up, no concessions on the table

Activist investor Daniel Loeb and Campbell Soup Co hardened their positions in the battle over the soup maker’s future on Thursday as the hedge fund manager […]
October 18, 2018

AmEx tops profit estimates on higher consumer spending

American Express Co topped Wall Street estimates for third-quarter profit on Thursday and lifted its yearly earnings forecast, as a strengthening U.S. economy powered higher credit […]
October 18, 2018

Wall St. slides as Saudi Arabia, Italy add to economic concerns

U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy’s budget and concerns mounted over the possibility of […]
October 18, 2018

Senator Warren urges Fed to require removal of Wells Fargo CEO

U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief […]
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