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Friday, September 21, 2018
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Katherine Chiglinsky

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INSURANCE COMPANIES are expecting an increase in business-interruption insurance policy claims as Hurricane Florence approaches the U.S. East Coast. / BLOOMBERG NEWS FILE PHOTO/CHARLES MOSTOLLER

Florence’s hit to insurers starts early as businesses shut down

NEW YORK - Hurricane Florence is still hundreds of miles off the United States East Coast, but insurers are starting to see their potential...
A NEW JOINT HEALTH VENTURE for Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co. will be headquartered in Boston and be run by Atul Gawande. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Dimon, Bezos, Buffett tap Harvard’s Gawande for health firm

NEW YORK - Atul Gawande, a surgeon and journalist who has written extensively about the U.S. failure to grapple with rising health care spending,...
BANK OF AMERICA ESTIMATES THAT the supply of investment-grade bonds may reduce by as much as 17 percent next year due to changes proposed in the new tax bill. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Debt-hungry pensions seen having fewer bonds under tax bill

NEW YORK - The tax overhaul may cause a snag for debt-hungry pension funds.Now being refined by the House and Senate, the legislation will likely...
BERKSHIRE HATHAWAY INC. announced that it will convert its preferred stock into common shares. As it stands, Berkshire Hathaway would then become Bank of America's largest shareholder. /BLOOMBERG FILE PHOTO/DAVIS TURNER

Buffett about to reap $12 billion profit on Bank of America...

NEW YORK - Warren Buffett’s bet on Bank of America Corp. is about to pay off with a roughly $12 billion windfall.The billionaire plans...
GENERAL ELECTRIC CO.'S $31 billion pension deficit is the largest of any S&P 500 company. / BLOOMBERG FILE PHOTO/DANIEL ACKER

GE’s $31b hangover: Immelt leaves behind unfunded tab

NEW YORK - It’s a problem that Jeffrey Immelt largely ignored as he tried to appease General Electric Co.’s most vocal shareholders.But it might...

Commercial property gets shakeup from millennials who shun stuff

NEW YORK - Landlords of retail properties should counter the threat from electronic commerce by turning to dining and entertainment to attract a younger...

BofA should alter governance committee or replace CEO, Mayo says

Bank of America Corp. should either change the makeup of its governance committee or get rid of CEO Brian Moynihan, according to Mike Mayo,...
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