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The FT’s fifth annual ranking of the region’s businesses by revenue growth.
...Shares in Travelers, one of the biggest US insurers, rose 7 per cent in early trading on Wall Street after it posted fourth-quarter net profits of $1.6bn, doubling from the same period the previous year...
...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
...But an analysis of the indemnity clauses published by the cloud computing companies show that the legal protections only extend to the use of models developed by or with oversight from Google, Amazon and...
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
...Car companies including General Motors and Ford said on Tuesday that they would work to reroute shipments to nearby ports, while Nissan said it did not expect significant disruption....
...Still, that’s quite the drag on the UK government’s finances over the next few years, all because of an indemnity to guard the BoE against the optics of fiscal dominance....
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...BROOKE MASTER: The whole period in the 80s and 90s came at a time when lots of companies were combining in lots of different areas....
...A British company that becomes listed in Germany will almost inevitably become more German-oriented. A Japanese acquirer of a UK tech company will own that company’s intellectual property....
...Because that isn’t spiteful enough, the indemnity levied on France amounts to around a quarter of its national output....
...Still, the Travelers executive did admit to some anecdotal evidence of bigger hail....
...Simona Sarli, an analyst at Bank of America, said the share price reaction “looks overdone”....
...Farmers in Latin America are rushing to plant cocoa as the price of chocolate’s main ingredient soars amid a global shortage of supplies....
...And for all of the histrionics of Musk, there is not even a hint that other big public companies are set to abscond to Texas, Nevada or any other state....
...The Financial Reporting Council, reviewing 263 mainly FTSE350 companies as part of its latest annual review, found 25 requiring restatements of their accounts....
...of smaller companies....
...Methodology The FT Americas’ Fastest-Growing Companies 2024 is a list of the 500 companies in the Americas that have the highest growth in publicly disclosed revenues between 2019 and 2022....
...Another possibility is for companies to spin off part of their business to list in the US. Again, this is only applicable to a few and might reduce the liquidity of a company’s main European listing....
...Investors will be keen to learn more about its efforts to speed up its rollout and development of AI products....
...The company is expected to report a loss of $1.21 a share, compared with a loss of 69 cents a year ago....
...Geico and National Indemnity or the BNSF railroad....
...His refusal to sell has been reminiscent of a practice that Weill imparted on all of his top executives while building financial services group Travelers back in the day, making them swear a “blood oath”...
...In North America, real internal growth was down 5.8 per cent on falling sales of frozen food. Sales in the region fell 7.7 on a reported basis to SFr5.8bn....
...The Magnificent Seven — some of the biggest and best-known US companies, which dominate global market indices — have not been looking so mighty after worries about their future growth prospects caused steep...
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