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Ex-Goldman Sachs banker Brijesh Goel convicted of insider trading
Goel, 38, was convicted on Wednesday after a seven-day trial for...
U.S. bank regulators considering tougher rules for banks over $100 bln in size
FDIC Chairman Martin Gruenberg said in a speech the spring turmoil...
Insurers rank Amazon as the world’s most potentially disruptive platform
Striking partnerships is seen as a way of overcoming these, with 90% of the respondents saying this will also be an important opportunity for insurers’ distribution strategies.However, there is no guarantee that platforms’ partners of choice will be today’s primary insurers, with 90% of the respondents anticipating all risks to be passed onto reinsurers.
Hurricane Michael to hit US economy by $15bn: Aon
Cyclone Titli in India; resultant storm surge, high winds and inland flooding killed at least 85 people and prompted economic damage above USD920 million
Munich Re returns to profit in Q3, affirms 2018 guidance
FRANKFURT: German reinsurer Munich Re returned to profit in the third quarter and affirmed its guidance for 2018, recovering from a spate of natural catastrophes a year ago. Net profit came to 483 million euros ($553 million), it said on Wednesday,...
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.