International
Global Security Officials Agree on 5G Security Guidelines, With Added Warnings
Global security officials agreed a set of proposals on Friday for future 5G networks, highlighting concerns about equipment supplied by vendors that might be subject to state influence. No suppliers ...
Boeing Crash, Storms, Floods Dent Swiss Re’s Q1 Profit
Reinsurer Swiss Re AG's reported an unexpected 6 percent fall in quarterly net profit on Friday as claims from large losses offset higher net premiums and a solid return on investments. Net profit ...
Argo Group, Challenged by Shareholder Voce Capital, Sees Q1 Jump in Net Income
Argo Group is reporting a healthy increase in net income for its 2019 first quarter even as activist shareholder Voce Capital Management continues to allege excessive spending practices by the ...
Munich Re Subsidiary Sells Turkish P/C Arm to German Insurer Talanx
The German insurer Talanx has acquired the property/casualty insurer ERGO Sigorta A.S. from a Munich Re subsidiary. Financial details of the transaction where not disclosed. Talanx purchased ERGO ...
Tesla Plans $2B Offering After Elon Musk Overstates Company’s Cash Generation Abilities
Tesla Inc. plans to raise about $2 billion through debt and stock offerings, after Elon Musk overestimated the ability of the Model 3 sedan to generate enough cash for the company to be ...
Chubb Sees a ‘Rational Market’ With ‘Forward Momentum’: CEO Greenberg
Chubb Chairman and CEO Evan Greenberg referred to his company as being in the midst of a "rational market" and appeared pleased with its direction and tone so far in 2019. "In the first quarter, in ...
Climate Change Pushes U.S. Fund Managers to Adjust Agriculture Investments
After historic floods devastated Midwestern agricultural states this spring, some fund managers are evaluating how climate change will affect the long-term value of companies that make or sell ...
Cryptocurrency Thefts and Fraud Reportedly Reach $1.2B in Q1
Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to $1.2 billion, or 70 percent of the level for all of 2018, ...