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Reuters: Top News

Kidnappers abduct two Americans, two Canadians in Nigeria, two police killed: police official
KADUNA, Nigeria (Reuters) - Kidnappers have abducted two Americans and two Canadians in the northern Nigerian state of Kaduna, killing two police officers, a police spokesman said on Wednesday.

POSTED JANUARY 17, 2018 12:41 PM
Republicans eye another short-term bill to fund government
WASHINGTON (Reuters) - A deal on immigration as part of a new stopgap funding bill to avert a government shutdown appeared less likely on Wednesday after a Democratic senator said the White House is making unacceptable demands on immigration measures.

POSTED JANUARY 17, 2018 11:59 AM
As Trump heads to Davos, survey points to rising risk of war
BERLIN (Reuters) - The risk of political and economic confrontations between major powers, including outright military conflicts, has risen sharply, according to a survey released by the World Economic Forum (WEF) days before its annual gathering in Davos.

POSTED JANUARY 17, 2018 10:18 AM
Exclusive: J&J attracts Chinese interest for diabetes business in potential $3-4 billion deal - sources
HONG KONG (Reuters) - Chinese bidders are circling a diabetes care business owned by the world's largest healthcare company Johnson & Johnson in a deal that could fetch up to $4 billion, five people with direct knowledge told Reuters.

POSTED JANUARY 17, 2018 6:09 AM
Twitter may notify users exposed to Russian propaganda during 2016 election
WASHINGTON (Reuters) - Twitter may notify users whether they were exposed to content generated by a suspected Russian propaganda service, a company executive told U.S. lawmakers on Wednesday.

POSTED JANUARY 17, 2018 12:43 PM
Bitcoin slumps below $10,000, half its peak, as regulatory fears intensify
LONDON/TOKYO (Reuters) - Bitcoin skidded below $10,000 on Wednesday, halving in value from its peak price, with investors gripped by fears regulators could clamp down on the volatile cryptocurrency that sky-rocketed last year.

POSTED JANUARY 17, 2018 12:29 PM
Goldman investors rattled by latest plunge in bond trading
(Reuters) - Goldman Sachs Group Inc on Wednesday reported a sharp drop in trading revenue that renewed questions about its ability to revive a moribund profit driver or find business to replace it, sending shares down 3 percent.

POSTED JANUARY 17, 2018 12:20 PM
Pennsylvania race to test Democrats' hopes for anti-Trump wave
HOUSTON, Pa. (Reuters) - The conservative southwest corner of Pennsylvania, a patchwork of small towns, farms and Pittsburgh suburbs where voters backed Republican Donald Trump by 20 percentage points in 2016, seems an unlikely spot for a possible Democratic renaissance.

POSTED JANUARY 17, 2018 9:45 AM
Flights canceled, schools closed across snowy U.S. South
(Reuters) - A bitter winter storm gripped much of the South on Wednesday, prompting schools to close and causing thousands of flight delays and cancellations as snow, ice and record-breaking cold hit the region.

POSTED JANUARY 17, 2018 11:26 AM
Russia: North Korea summit undermines U.N., aggravates situation
MOSCOW (Reuters) - Russia hit out on Wednesday at a U.S.-led effort to increase international pressure on North Korea, saying it was making the situation worse and undermining the United Nations.

POSTED JANUARY 17, 2018 11:54 AM

Business Insurance

Judge excludes 70,000 women from jeweler bias suit
(Reuters) -- A U.S. judge on Tuesday overturned an arbitrator's ruling allowing about 70,000 women to take part in a nationwide sex discrimination case against Sterling Jewelers Inc. even though they had not opted to join.

POSTED JANUARY 17, 2018 11:31 AM
Missouri lawmaker introduces wide-ranging workers comp legislation
A bill introduced in the Missouri House of Representatives this month would amend current workers compensation law in several ways.

POSTED JANUARY 17, 2018 11:29 AM
Insurance industry ponders disruption as opportunity
“Disruption” has been used extensively to describe conditions in the insurance industry, but it doesn’t necessarily have negative implications, according to speakers at the Joint Industry Forum in New York.

POSTED JANUARY 17, 2018 11:10 AM
BEAT provisions to hit insurance, reinsurance programs: RIMS
The Base Erosion and Anti-Abuse Tax provisions in the recently passed U.S. tax bill will negatively affect risk managers organizations’ insurance and reinsurance programs, according to an analysis by the Risk & Insurance Management Society Inc.

POSTED JANUARY 17, 2018 10:39 AM
Beazley sees 2017 pretax profit ahead of market expectations
(Reuters) — Lloyd's of London insurer Beazley said it expected to report 2017 pretax profit ahead of current market expectations, despite the sector having faced hurricanes, earthquakes and wildfire bills of over $135 billion.

POSTED JANUARY 17, 2018 9:27 AM
Environmental risks dominate growing global concerns
The world will likely face more risks in 2018, and environmental risks pose the most significant challenges to global development, according to the World Economic Forum’s Global Risks Report 2018.

POSTED JANUARY 17, 2018 8:51 AM
GE reignites breakup talk after $11 billion insurance, tax hit
(Reuters) — General Electric indicated it is looking closely at breaking itself up as the conglomerate announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws.

POSTED JANUARY 17, 2018 8:25 AM
Data breaches for comp insurers inevitable, preparedness key: Experts
The workers compensation sector should anticipate and be prepared for data breaches, as it's not a matter of if, but when, they will be breached.

POSTED JANUARY 17, 2018 7:12 AM
Trump administration’s impact on OSHA minimal so far: Experts
OSHA has not pulled back from conducting inspections and imposing rising penalties against employers for workplace safety violations despite the Trump administration’s deregulatory agenda.

POSTED JANUARY 17, 2018 7:00 AM
Insurers struggle to predict natural catastrophe risks
Rajbir Nanra, chief executive of general insurance at Zurich Australian Insurance Ltd., said that insurers across the world are struggling to predict the severity of natural catastrophes following recent losses from man-made and natural disasters.

POSTED JANUARY 17, 2018 5:40 AM

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