Latest Bloomberg Headlines
All the headlines from our Bloomberg Topic Page, ordered by recency.
Allianz Profit Drops as Gross’ Exit Spurs PIMCO Asset Outflows
Feb 26 2015 // Allianz SE reported an unexpected decline in fourth-quarter profit as the exit of Bill Gross at Pacific Investment Management Co. (PIMCO) spurred clients to withdraw assets. The shares fell the most in five months. Net...
Europe’s Insurers to Boost Dividends for Investors Seeking Higher Yields
Feb 25 2015 // Europe’s insurers are preparing to boost dividends to the highest of any industry except utilities, making use of expanding surplus capital to offer investors an alternative to record low interest earnings from...
Bloomberg: Google Is Developing Competitor to Uber
Feb 2 2015 // Uber faces an ever-growing cast of adversaries that includes dubious regulators, litigious drivers, hostile members of the press, and some well-funded rivals. But the most significant threat to the app-based transportation...
8 Million Cars Recalled for Air Bags; Only 6% Repaired: Bloomberg
Nov 20 2014 // Honda Motor Co., Toyota Motor Corp. and other major automakers have fixed only a fraction of the almost 8 million cars called back in the last two years to replace potentially defective Takata Corp. air bags. About 6...
Insurers for Sears Suppliers Pulling Back; Retailer Says Finances Fine
Oct 9 2014 // Three of the biggest insurance firms for Sears Holdings Corp.’s suppliers are seeking to reduce coverage, prompting at least one medium-sized vendor to halt shipments to the department-store chain, people with...
Major League Baseball Balks at Foul Ball Safety Measures
Sep 12 2014 // From his perch in the Atlanta Braves infield on May 20, third baseman Chris Johnson heard what sounded to him like the crack of two bats in quick succession. The first was a line drive off the bat of Milwaukee Brewers...
NYC Mayor Announces $108M for Storm-Hit Brooklyn Housing Project
Sep 9 2014 // Almost two years after Superstorm Sandy struck, New York City Mayor Bill de Blasio announced on Sept. 5 that a storm-damaged Brooklyn housing project will get $108 million in federal relief, and said he expects Sandy funds...
‘Worst Market in Memory’ to Keep Pressure on Reinsurance Rates
Sep 3 2014 // The worst reinsurance market in memory looks set to carry into 2015, industry executives said. An absence of costly disasters and increasing competition from new entrants dragged on prices this year, and reinsurers may...
Allianz Profit Beats Estimates on Lower Claims, Life Unit
Aug 8 2014 // Allianz SE, Europe’s biggest insurer, said second-quarter profit rose 11 percent, helped by higher earnings at the life and health insurance unit and lower natural disaster claims. Net income increased to €1.76...
AIA First-Half New Business Value Rises 23%, Led by China
Jul 25 2014 // AIA Group Ltd., the second-largest Asia-based insurer, posted a 23 percent increase in new business value in the first half, beating analyst estimates and exceeding the full-year figure for 2010 when it went public. The...
Allianz Backs ‘Legend’ Gross as Pimco Total Return Fund Lags Behind
Jul 21 2014 // Allianz SE, Europe’s biggest insurer and owner of Pacific Investment Management Co., is standing by Chief Investment Officer Bill Gross as his main fund trails peers and struggles with a record streak of investor...
Democrats Seize on Koch Brothers, Republican Opposition to Flood Insurance
Apr 20 2014 // 17 Apr 2014 09:00 Democrats are exploring a new attack line against the Koch brothers and Republican allies, telling voters the billionaire energy executives want to let home flood insurance premiums soar to help corporate...
England Floods, U.S. Freezes so Blame Indonesia: Bloomberg’s Marc Champion
Feb 17 2014 // The U.S. is freezing and the U.K. is flooded. Clearly, Indonesia is at fault. That, in any case, is my layman’s interpretation of a report this week from the U.K.’s meteorological agency, the Met Office. It...
Chubb Reports 4Q Profit Surge a Year After Sandy
Jan 31 2014 // Chubb Corp., the insurer of corporate boards and high-end homes, said profit surged as margins improved a year after Superstorm Sandy. Fourth-quarter net income rose to $569 million, or $2.24 a share, from $102 million, or...
Munich Re Plans $1.35 Billion Buyback as Q3 Net Beats Estimates
Nov 7 2013 // Munich Re, the world’s biggest reinsurer, plans to buy back €1 billion ($1.352 billion) of its shares as third-quarter profit dropped 44 percent. Net income dropped to €637 million [$861.2 million] from €1.13...
New York City Buys 1st Superstorm Sandy-Damaged Home
Oct 14 2013 // New York City announced its first purchase of a home damaged by Superstorm Sandy on Oct. 10, acquiring property from a Staten Island woman whose husband and daughter were killed during the historic storm. Mayor Michael...
Crop Insurance Critics, Defenders in Last Push Over Reforms
Sep 12 2013 // Critics of the U.S. crop insurance program are calling for cuts to it and other agribusiness subsidies as Congress revamps farm policy. A bipartisan group of lawmakers planned to meet yesterday in Washington to re-examine...
Cat Bonds Rally with Hurricane Season Advancing: Credit Market Recap
Aug 20 2013 // Gains on catastrophe bonds are poised to exceed returns on speculative-grade company debt by the most since 2008 as the Atlantic hurricane season heads into its fourth month. Notes designed to protect insurers from payouts...
Stilt Houses in Greenwich, Conn., Foreshadow Impact of New Flood Maps
Aug 19 2013 // In the coastal areas of Greenwich, Connecticut, the latest housing craze requires hydraulic jacks, pylons and stilts. One home towers over its neighbors like a cruise ship. Others look like expensive tree...
States Weakening Commercial Host Liability Laws to Protect Retailers
Aug 19 2013 // A new report says that in recent years many states have enacted legislation to protect retailers from commercial host liability by increasing the evidentiary requirements, limiting the amount of liability awards and/or...
