Insurance Australia Group has doubled its dividend even as it reported a $427 million full-year loss, with its chief executive “optimistic about the outlook” despite the uncertainty around COVID-19. The country’s largest general insurer, which owns brands including NRMA and CGU, will pay shareholders a final dividend of 13¢ per share, taking the full-year payout to 20¢, compared to 10¢ […]
Read more(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Travel & leisure stocks shine * Flutter jumps on U.S. profit outlook * Air France, Accor dip on U.S. travel warning (Adds comments, updates prices throughout) Aug 10 (Reuters) – European stocks hit record highs on Tuesday, extending […]
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NEW YORK (Reuters) -Faced with mounting legal pressures and demands for his departure from President Joe Biden and others, New York Governor Andrew Cuomo resigned on Tuesday following an inquiry that found he sexually harassed 11 women. In a televised, 20-minute address, Cuomo, 63, said his resignation would take effect in 14 days, a startling downfall for a man once […]
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FILE PHOTO: Representations of cryptocurrencies Bitcoin and Ethereum are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration(Reuters) – Paypal Holdings Inc-owned Venmo on Tuesday rolled out a feature that would allow holders of its credit cards to automatically buy cryptocurrencies with the cashback earned on their purchases. Cardholders will be able to buy Bitcoin, Ethereum, […]
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TOKYO (Reuters) -SoftBank Group Corp’s Vision Fund unit posted on Tuesday a first-quarter profit of 236 billion yen ($2.14 billion) as gains from listing portfolio companies were offset by falling shares in firms like e-retailer Coupang Inc. The Japanese conglomerate posted record annual profit in May with executives pointing to further upside from Vision Fund investments such as Chinese ride-hailing […]
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NEW YORK (Reuters) – Google employees based in the same office before the pandemic could see different changes in pay if they switch to working from home permanently, with long commuters hit harder, according to a company pay calculator seen by Reuters.FILE PHOTO: A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., […]
Read moreFox Business Flash top headlines for August 9 Check out what’s clicking on FoxBusiness.com. HotelPlanner and Reservations.com are nearing a deal to merge and go public through a special-purpose acquisition company, people familiar with the matter said. Stocks in this Article The combined online travel-booking firm, which would still be called HotelPlanner, would be valued at about $685 million while […]
Read moreNEW YORK (Reuters) – Fanatics, the world’s biggest licensed sports merchandise retailer, has raised $350 million from new and existing investors in a funding round that valued the company at $18 billion, a person familiar with the matter said on Tuesday. Current backers SoftBank and Silver Lake, as well as new investors such as Jay Z, participated in the round, […]
Read more(Reuters) – London’s FTSE 100 slipped on Tuesday as fears over a spike in global COVID-19 cases dented optimism about strong corporate earnings, while Flutter Entertainment jumped after saying it expected its U.S. business to turn a profit by 2023.FILE PHOTO: People look towards Canary Wharf from Greenwich Park in London, Britain December 27, 2020. REUTERS/Simon DawsonThe blue-chip FTSE 100 […]
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