Posted at 22:42h
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by KMFSLLP
Posted at 22:38h
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Insurer Allstate Corp. will likely
grant an additional rebate to auto insurance customers due to
reduced driving during the coronavirus outbreak, Chief Executive
Officer Tom Wilson said in an interview on Tuesday.
(Reporting by Suzanne Barlyn
Editing by Chris Reese)
Posted at 22:32h
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by KMFSLLP
Western Union Co, the
world's largest money transfer firm, expects the second quarter
to be its weakest in 2020 in terms of revenue and profit margins
and is confident of improvement as COVID-19-related lockdowns
ease, its chief financial officer said on Tuesday.
Posted at 22:26h
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Markets are being a bit
optimistic in expecting a quick recovery from the economic hit
from the coronavirus outbreak and the resultant voluntary
shutdowns, DoubleLine Capital deputy chief investment officer
Jeffrey Sherman said on Tuesday.
Posted at 21:55h
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U.S. agencies are probing Wells Fargo &
Co's handling of the Paycheck Protection Program (PPP)
for coronavirus relief, the country's fourth largest lender said
on Tuesday.
...
Posted at 21:46h
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Canadian insurer Sun Life
Financial beat analyst estimates for first-quarter
underlying profit on Tuesday, driven in part by higher investing
activity in Canada and the United States, although its bottom
line was hit by market declines.
Posted at 21:38h
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As the U.S. economy began
crawling out of recession in 2009, policymakers got a rude
surprise: a new round of intensifying problems in Europe
threatened to break up the euro zone currency union and weighed
on hopes of a faster global recovery for years to come.
Posted at 21:38h
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Airbnb Inc is laying off 25% of its
workforce, or nearly 1,900 employees, the home rental startup
said on Tuesday, as the COVID-19 pandemic brings global travel
to a near standstill.
"Airbnb's business has been hit hard, with revenue this year
forecasted to be less than half of what we...
Posted at 21:33h
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by KMFSLLP
Capital One Financial Corp
told staff on Tuesday the bank's offices in the United
States, Canada and the UK will remain closed to all
non-essential staff due to the coronavirus outbreak through at
least Sept. 7.
Posted at 21:30h
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Imperial College professor’s study prompted introduction of social distancing in the UK
...