Allstate profit beats Street as premiums grow
(Reuters) – Allstate Corp , the largest publicly traded home and auto insurer in the United States, reported a quarterly profit that beat Wall Street estimates as it wrote more premiums across its businesses.
Visa profit falls 28 percent due to higher tax provision
(Reuters) – Visa Inc , the world’s largest credit card company, reported a 28 percent fall in quarterly profit due to a higher income tax provision.
Qatar seeking to build $1 billion stake in Bank of America
(Reuters) – Qatar’s sovereign wealth fund, one of the world’s most prolific investors, is building a $1 billion holding in Bank of America , seeking to benefit from the U.S. economic recovery, the Financial Times reported, citing sources close to the p…
U.S. private hiring slows, inflation stays muted
WASHINGTON (Reuters) – U.S. private-sector employers hired the fewest workers in six months in October while tepid domestic demand kept inflation benign last month, suggesting the economy was still in need of stimulus from the Federal Reserve.
Boeing to place much of 777X design work outside Seattle
NEW YORK (Reuters) – Boeing Co has decided to place a significant amount of design work for its coming 777X jetliner in cities outside the Seattle area, where the current 777 was designed and is being built, according to an internal memo reviewed by Re…
German-Swiss tax deal could be revived, conservatives say
BERLIN (Reuters) – Chancellor Angela Merkel’s conservatives want to revive a bilateral tax agreement with Switzerland in coalition talks with the Social Democrats, who blocked the proposed tax deal in the upper house last year.
Twitter hit with $124 million lawsuit over private stock sale
NEW YORK (Reuters) – Twitter Inc was sued for $124 million on Wednesday by two companies claiming the social media darling fraudulently had them organize a private sale of its shares to stoke investor interest for an initial public offering then cancel…
U.S. demand for trucks, other vehicles drives strong GM profit
DETROIT (Reuters) – General Motors Co on Wednesday posted a better-than-expected third-quarter profit as the U.S. automaker’s new lineup of pickup trucks and other revamped models boosted North American results.
Madoff trustee may pursue $8 billion claims vs. banks in feeder fund cases
NEW YORK (Reuters) – A federal judge has made it easier for the trustee seeking money for Bernard Madoff’s victims to pursue more than $8 billion of claims against banks and other financial firms that received money from “feeder funds” that profited fr…
Twitter hit with $124 million lawsuit over private stock sale
NEW YORK (Reuters) – Twitter Inc was sued for $124 million on Wednesday by two companies claiming the social media darling fraudulently had them organize a private sale of its shares to stoke investor interest for an initial public offering then cancel…
