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...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...The bloc’s competition regulators sent questions to developers last week seeking to determine the impact of Apple’s decision to disable so-called “progressive web apps” in the EU, in a move seen as a precursor...
...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
...Geico and Berkshire Hathaway Specialty Insurance declined to comment. Gen Re did not respond to requests for comment....
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...The European Commission, the EU’s executive arm, had been preparing a formal investigation into Apple’s move to disable so-called “progressive web apps” in the bloc....
...Sources tell Eric and Ian there are three leading candidates, including Peter Eastwood, who runs the fast-growing Berkshire Hathaway Specialty Insurance unit, and Charlie Shamieh, chair of Gen Re....
...(Do this thought experiment: picture a conglomerate controlling the same empire of companies as Berkshire, including in notably unpopular industries such as energy, insurance and banking; can you imagine...
...Combs’ background is insurance; the 53-year-old got his start at Progressive....
...The company said its position in the iPhone maker was worth $135.4bn in the first quarter, down from $174.3bn at the end of 2023, indicating it had sold roughly 115mn shares in the company at the start of...
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...The US Federal Deposit Insurance Corporation is working on proposals aimed at ensuring asset managers do not seek too much influence over the banks in which they hold large stakes....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...Likewise, as progressive economist Joseph Stiglitz points out in his new book (see my recommended reading below), freedom is something that progressives need to talk more about as well....
...Buffett has long heaped praise on Apple’s management team and in 2022 he described the company as one of Berkshire’s “four giants”, alongside its insurance operations, the BNSF railroad and its energy and...
...But it will be companies with large health insurance divisions such as UnitedHealth not traditional retailers, that will have the best shot at capturing more of that $4.5tn pie. pan.yuk@ft.com...
...Republican politicians have targeted Fink as a symbol of what they refer to as “woke capitalism”, while progressive Democrats contend the money manager has failed to do enough to stop climate change....
...Auto-insurance businesses are still losing money. And a run of unusually destructive bad weather has brought additional losses for their property-insurance businesses....
...However, it has come under criticism from progressives for pulling out of one of the highest-profile climate alliances, and faced allegations of greenwashing from Australian regulators....
...Lloyd’s insurers Tokio Marine Kiln, Chaucer and Liberty Specialty Markets are among those that have pledged to hold the risk for a total of £500mn of insurance coverage written in partnership with these...
...Buffett in recent years has talked about how he shares similar views on capital allocation to Abel, who rose through the company’s utility business and now has oversight over all of its non-insurance operations...
...Last week the company criticised Brazilian judges’ orders for it to censor “certain popular accounts”....
...Both companies have previously had deals blocked....
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter....
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