Monthly Archives: <span>February 2019</span>

London’s Electronic Placements via PPL Exceeded Targets During Q4 2018

London’s electronic placing platform exceeded its target of 30 percent of in-scope risks during the fourth quarter of 2018, according to the board of Placing Platform Ltd. (PPL). Lloyd’s syndicates accepted 39 percent of in-scope risks, with 76 percent of …

PG&E Contains California Gas Leak That Caused Major Explosion

PG&E Corp. has contained a natural gas leak from a pipe that exploded on Wednesday along a major thoroughfare in San Francisco, engulfing in flames a stretch known for its bars and restaurants. The blaze, which had spread to at …

PG&E Could Kill Lights to Customers When California Wildfires Occur

Anyone who gets power from PG&E Corp. could see their lights go out this fire season. Even the millions of Californians who live outside risky areas could be left in the dark under a sweeping proposal the utility filed Wednesday. …

SunTrust and BB&T Banks to Merge

SunTrust Banks and BB&T Corp. announced that both companies’ boards of directors have unanimously agreed to merge the two financial services firms in an all-stock merger of equals valued at approximately $66 billion. The combined company will be the sixth-largest …

UK’s Ocado Expects Total Loss of $58M Distribution Center After Huge Fire

One of Ocado Group Plc’s largest U.K. warehouses is expected to be completely destroyed by a fire, constraining the online grocer’s ability to meet customer demand and cutting sales growth. The blaze began Tuesday morning in the 45-million pound ($58 …

Court Ruling Against ‘Law of Nature’ Patent Riles Biotech

A way to diagnose a severe neurological disorder can’t be patented as it covers a law of nature, a U.S. appeals court ruled Wednesday in a closely watched case that sought to clarify the patenting for medical diagnostic tests and …

Finland’s Sampo Names Magnusson as CEO and President, Succeeding Stadigh

Nordic insurance and financial holding group Sampo said on Thursday that Torbjorn Magnusson would take over as chief executive and president from Kari Stadigh next year, as well as becoming chairman of Nordea. “Torbjorn Magnusson will immediately start focusing on …

Microsoft Targets Healthcare with Medical Records in the Cloud, Bots and More

Microsoft Corp. is releasing a service to help health-care companies move vast amounts of patient data to its cloud and connect with other related systems in a bid to offer clinicians, individuals and researchers a more comprehensive view of patient …

Insurer Offers Employee Benefit Deal: Student Loan Relief for Unused Vacation Time

Starting next year, U.S. employees at insurance company Unum Group will have a choice: The company will put money toward their student loans, if the worker gives up five paid vacation days. The new perk is a creative twist on …

Website Planned to Help Workers of New Jersey Plant Destroyed by Fire

The parent company of a landmark New Jersey paper plant destroyed by fire last week says it is creating a website to help hundreds of affected workers find new jobs. Soundview Paper Company said Monday the employment opportunities website activated …