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...— Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...Through the first six months of 2023, the S&P-adjusted consolidated combined ratio for Allstate rose to 115.6% from 105.4% for the same period in the prior year....
...HOLD: Caledonia Mining Corporation (CMCL) The Zimbabwean gold miner is growing, but was buffeted by operational difficulties and higher costs, writes Alex Hamer....
...Rachel Reeves, the UK’s shadow chancellor, has promised no rise in corporation tax from its current rate of 25 per cent under a Labour government if the party wins the general election later this year....
...Without confident and unimpeachable news output, the corporation itself has little reason to exist....
...By the early 20th century, control of these corporations was beginning to shift away from the founder or their descendants....
...Unlike rivals such as Apollo Global and KKR, both of which own large insurers, Blackstone manages assets it acquires on behalf of insurers such as Allstate and AIG....
...According to the finance ministry, corporation tax receipts for November — typically a bumper month — were €6.3bn, a 27 per cent or €1.3bn rise compared with the same month last year....
...Families are one thing but the locals are not thrilled by the arrival of large corporations....
...Yet the insurers are still losing money on their auto businesses, going by Progressive and Allstate’s latest quarterly reports....
...But what if the productivity gap is really about how large corporations use their economic and political power to squeeze out innovation in favour of larger profit margins?...
...Apollo, Carlyle and KKR are studying separate bids for Pension Insurance Corporation ahead of a deadline this week, as big private capital groups look for a way into the thriving market for UK corporate...
...Overall in the year to date, corporation tax has raised €22bn compared with a little over €21.1bn in the first 11 months of last year....
...Alongside the freeze on corporation tax, Reeves announced a Labour government would keep the “full expensing” regime....
...The City of London Corporation, which owns the London Wall West site, will seek to entice a private sector developer to take on the project....
...In securities filings this week, US oil company Chevron disclosed a potential hang-up for its pending $53bn all-stock acquisition of smaller rival, Hess Corporation....
...Across the US, the effective tax rate paid by large profitable companies is far lower than the statutory rate....
...demand for the publicly funded corporation....
...Corporate results: Japan’s Nidec Corporation, which manufactures the electric motors used in hard-disk drives, China Tourism Group and Ping An Insurance Group announce quarterly results....
...Yet shares of insurers such as Allstate, Progressive and AIG are down between 3 per cent and 22 per cent this year, while the S&P 500 has climbed 16 per cent....
...Ireland is awash in cash from corporation tax revenues paid by tech and pharma companies....
...One may doubt the diplomatic wisdom of the decision of the chair of the US Federal Deposit Insurance Corporation to criticise the Swiss government’s handling of the Credit Suisse failure (Report, April 11...
...Whatever the cause, executives at both Allstate and Progressive have talked at length about raising prices....
...Chinese anti-corruption authorities are investigating a senior executive at one of the country’s top military equipment suppliers, China Electronics Technology Group Corporation, in a new sign of turmoil...
...But in the corporate world, it is set to become a lot less lucrative. New international tax rules will restrict the scope to profit from arbitrage and curb a race to the bottom in corporate tax rates....
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