CFO / Financial
Could Smart Computers Really Replace Half of U.S. Jobs?
Who needs an army of lawyers when you have a computer? When Minneapolis attorney William Greene faced the task of combing through 1.3 million electronic documents in a recent case, he turned to a ...Zurich Insurance to Cut 800 Jobs by 2016
Zurich Insurance Group AG, the biggest Swiss insurer, plans to save $250 million annually by cutting as many as 800 jobs after lowering its profit goal in December, the company said. Zurich plans to ...
Company Mergers in U.S. Ignore 60-Day ‘Cooling Off’ Period: Reuters
Sometime soon, maybe in the next month or so, a federal judge is expected to decide whether the creation of the world's biggest passenger airline, as envisioned by two companies and the U.S. Justice ...
State Farm Reports Underwriting Profit for 2013
Even though State Farm's auto businesses suffered a loss in 2013, the property/casualty companies reported a $230 million underwriting gain, State Farm reported on Friday. The $230 million gain of ...
N.Y.’s ‘Scaffold’ Law Increases Injuries, Costs $3B a Year: Study
A study published this month challenges the claim that New York's Labor Law 240, also known as the "Scaffold Law," improves workplace safety. The study argues New York incurs additional workplace ...
Judge OKs JPMorgan $300M Settlement Over Force-Placed Insurance
A U.S. judge has approved a settlement of a class-action lawsuit against JPMorgan Chase for its force-placed insurance practices, an agreement that could pay more than $300 million to about 750,000 ...
Effort to Put House in Order Paying Off, Says Meadowbrook CEO Cubbin
Meadowbrook Insurance Group, based in Southfield, Mich., has struggled with many challenges during the past couple of years but the "strong remedial measures" implemented to correct unacceptable ...
Businesses with Investment Bankers on Their Boards Make Better M&A Deals: Research
Corporations with board directors who have investment banking experience are more likely to acquire other businesses—and make better acquisitions when they do—according to a new study from the ...