US & Canada

Insurer Travelers grows Q4 profits on underwriting gains and lower cat losses.

In a strong finish to the year, Travelers Companies announces a significant increase in fourth-quarter profit on Friday, sending its stock 6.7% higher at...

Binance falls, pays $4.3B fines over failures to prevent money laundering

The world’s largest cryptocurrency exchange, Binance.com, has pleaded guilty to multiple federal charges and has agreed to pay over $4 billion, according to the...

Cisco buys cybersecurity Splunk for $28 billion in cash

Cisco Systems is set to buy cybersecurity firm Splunk in a deal worth $28 billion, the company said Thursday. This will be Cisco's biggest-ever...

Defective airbags: US transport agency urges recall of 67 million airbag parts

The US government’s transportation safety agency has demanded the recall of 67 million airbag inflators after finding they could rupture and injure motorists, Reuters...

Spirit Airlines board rejects JetBlue takeover bid on antitrust risks

Spirit Airlines rejected a $3.6 billion takeover bid from rival JetBlue Airways and said it would merge with budget carrier Frontier Airlines instead. Dubbed as...

Businesses face tougher new biometric privacy laws

Biometric privacy and tougher biometric privacy laws are a serious risk to American businesses. Unfortunately, biometric privacy risks are obscure and poorly understood. Biometrics refers...

American health insurers scared of single-payer health insurance

American insurers are afraid Democrats will impose government run single-payer health insurance. In fact, single-payer is the basis of a potential conflict between the...

California could increase auto insurance rates for women by fighting gender discrimination

Strangely, the California Insurance Commissioner could increase auto insurance rates for women to fight gender discrimination. To explain, new regulations in California prohibit the use...

American regulators target robo-advisers

America’s chief investment regulator, the Securities and Exchange Commission (SEC), is cracking down on robo advisers. In particular, the SEC is fining prominent robo...

General Electric’s massive debts risk breaking it up

General Electric (GE), one of the most iconic names in American business, is cracking up because of debts. A company founded by Thomas Edison...
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