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Cincinnati Financial’s quarterly profit more than doubles on higher premiums, interest income
The results reflect the stability of insurance firms, even as trade tensions disrupt other businesses. As consumers and companies grow accustomed to economic uncertainty, spending on policies has remained steady.Earned premiums rose 15% to $2.48 billion, the Fairfield, Ohio-based company said.Investment incom … Read More >>
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Analysis-EU’s $250 billion-per-year spending on US energy is unrealistic
BRUSSELS/HOUSTON (Reuters) -The European Union’s pledge to buy $250 billion of U.S. energy supplies per year is unrealistic because it would require the redirection of most U.S. energy exports towards Europe and the EU has little control over the energy its companies import.The U.S. and EU struck a framework … Read More >>
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Bank of America appoints new tech chief as Bhasin retires, memo shows
Bhasin, whose career spans more than two decades at BofA, will take on a new role outside the bank advising and investing in mid-sized companies. He serves on the bank’s executive management team and held roles in technology, marketing and other areas during his tenure, according to the memo signed by CEO Bri … Read More >>
US FDA approves PTC Therapeutics’ metabolic disorder drug
(Reuters) -The U.S. Food and Drug Administration has approved PTC Therapeutics’ oral drug to treat a rare inherited metabolic disorder that prevents the body from properly breaking down certain amino acids, the company said on Monday.The approval allows PTC to expand its revenue base as its top-selling Duchen … Read More >>
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