PARIS (Reuters) – Axa on Wednesday said its revenue in the first nine months of the year increased by 2% and estimated it would have to pay out about 400 million euros ($394 million) for damages caused by hurricane Ian in the United States. The French insurer – Europe’s second-biggest after Germany’s Allianz – said…
DENVER (Reuters) – Shares of U.S. shale producer Devon Energy slumped more than 7% on Wednesday morning after the company said its capital spending would be higher than Wall Street forecasts, while output in the fourth quarter fell short of expectations. Devon’s fourth-quarter total production forecast of 640,000 barrels of oil equivalent per day (boepd)…
NEW YORK (AP) — Mortgage rates continue to jump, home sales slump and credit cards and auto loans increase. Savings rates are slightly juicier, though. As the Federal Reserve steadily increases interest rates, many economists say they fear that a recession remains inevitable in the coming months — and with it, job losses that could…
By Brendan Pierson (Reuters) -CVS Health Corp, Walgreens Boots Alliance Inc and Walmart Inc have agreed to pay about $13.8 billion to resolve thousands of U.S. state, local and tribal government lawsuits accusing the pharmacy chains of mishandling opioid painkillers. CVS said Wednesday it had agreed to pay about $5 billion over 10 years, and…
BERLIN (AP) — The German government said Wednesday that it plans to make plastic manufacturers contribute to the cost of cleaning up litter in streets and parks. The Cabinet agreed on a bill that makers of products containing single-use plastic will need to pay into a central fund managed by the government, starting in 2025….
DETROIT (AP) — Ford Motor Co.’s top quality executive is retiring as the company continues to struggle with high warranty claims and reliability issues. Stuart Rowley, chief transformation and quality officer, is leaving after 32 years with the company. He’ll be replaced by Jim Baumbick, who is now vice president of product development operations and…
(Reuters) -Humana Inc beat third-quarter profit estimates on Wednesday, as a sluggish recovery in elective procedures helped the health insurer keep medical costs in check. Rivals such as UnitedHealth Group Inc and Elevance Health have also benefited from lower-than-expected medical costs, prompting them to raise their full-year forecasts. Humana, however, maintained its annual adjusted profit…
Sara Campos remembers being inspired to start skateboarding after playing Tony Hawk videogames on the California family’s PlayStation 2. Campos, 23, who uses they/them pronouns, never dreamed they would be part of Tony Hawk’s charitable work. But last month, Campos was selected for the first class in The Skatepark Project’s fellowship program. The program trains…
FRANKFURT, Germany (AP) — The European Central Bank is warning that many of the financial institutions it oversees are moving too slowly to shield themselves and Europe’s banking system from the impact of climate change, and it is setting new deadlines to meet those requirements. The ECB said some progress had been made but that…
(Reuters) -CVS Health Corp on Wednesday raised its annual profit forecast after topping quarterly estimates on strong performance at its health insurance and pharmacy benefit management businesses. CVS’ health insurance business as well as peers Elevance Health and UnitedHealth have benefited from a slow recovery in elective procedures and a fall in COVID cases that…
