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WTW unveils new financial product to protect intangible assets
An intangible asset is one that is not physical in nature but one...
America ages faster as baby boomers push nation’s median age to almost 39, fewer children are born
“In the short run, the crisis of work-family balance, the lack of...
AIG unit to exit Iran-related insurance
European insurers, reinsurers, brokers and shipping firms have been winding down Iranian business since May as the United States prepared to restore sanctions on insurance and reinsurance beginning on Nov. 4
U.S. Agencies Split Over Cell Phone Cancer Risk
“We believe that the link between radio frequency radiation and tumors in male rats is real, and the external experts agreed,” said John Bucher, the toxicology agency’s senior scientist
Crashed Lion Air Boeing Jet Previously Had Problems with Altitude, Speed Sensors
Erroneous sensors could be an explanation for the flight track data, said John Cox, president of Safety Operating Systems and a former airline pilot. But Cox and others cautioned that it’s too soon to say what happened on the Lion Air flight and some of the flight data — such as speeds that weren’t extreme and none of the highly abrupt maneuvers that preceded the Air France jet’s loss of control — may suggest some other cause
Data of almost all Pakistani banks hacked: Report
The State Bank of Pakistan (SBP) has been informed by several commercial banks that they have blocked international payments on debit and credit cards as a precautionary measure following cyber attacks on the accounts of their clients, the Dawn reported quoting sources.Data of over 8,000 account holders of about 10 Pakistani banks was sold in a market of hackers, the report said quoting a digital security website krebsonsecurity.com.
TCS faces US jury over why it fires so many Americans
Mumbai-based TCS denies any unlawful bias in its U.S. operations and says in court filings that the Caucasian American leading the lawsuit was removed from one of its projects and ultimately terminated over “performance concerns.” TCS said it can’t comment specifically on the pending litigation, but believes it has a strong case and will prevail at trial.
Microsoft gears up for another digital revolution with quantum computing,
A quantum computer can solve complex problems that would otherwise take billions of years for today’s computers to solve. This has massive implications for research in health care, energy, environmental systems, global warming, smart materials and more.
Buffett’s Berkshire doubles profit, repurchases $900 million stock in third quarter
Insurance provides a stream of cash that Berkshire can invest around the world. Float, or insurance premiums collected before claims are paid and which help fund Berkshire’s growth, ended September at $118 billion. The company has $103.6 billion in cash, short-term Treasuries and other similar investments.
Private messages of 120 mn Facebook users hacked, says BBC report
Several users whose details have been compromised were based in Ukraine and Russia but some were also from the UK, US, Brazil and elsewhere, the report said on Friday.
Microsoft tests show 91% new PCs from India loaded with pirated software
The worst were South Korea, Malaysia, Vietnam and Thailand, all with 100 percent of the purchased personal computers loaded with pirated software.
Insurance crunch for upcoming Soyuz rocket launches ironed out, Roscosmos CEO says
The proposal was to insure the launch for 2.1 bln rubles ($31.9 mln), while the initial (maximum) contract price was set at 178.1 mln rubles ($2.7 mln). Having negotiated the issue with Western reinsurers, Ingosstrakh and Sogaz offered to insure the launch at a 9.6% rate, which is equivalent to an insurance payment of 201.1 mln rubles ($3 mln).