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WSJ.com: US Business

US Business

General Motors raised its pretax profit outlook for the year to between $11.5 billion and $13.5 billion but said the lingering computer-chip shortage and rising commodity costs would weigh on second-half results.
Posted: August 5, 2021, 3:28 am
Grill maker Weber sold fewer shares at a lower price than expected in its initial public offering, people familiar with the matter said, the latest sign the new-issue market may be cooling after a torrid run this summer.
Posted: August 5, 2021, 12:59 am
The social-media marketing platform bought Heyday because companies have expanded their use of social media beyond marketing to include commerce and one-on-one messaging, Hootsuite’s CEO said.
Posted: August 5, 2021, 12:36 am
Ride-hailing company still expects to reach a measure of profitability by fourth quarter despite driver shortage, Delta variant concerns.
Posted: August 4, 2021, 11:17 pm
Airlines are redrawing their route maps, betting that business travelers who have largely stayed put in the past year will return despite the spread of the Delta variant of Covid-19.
Posted: August 4, 2021, 10:37 pm

Life Insurance – InsuranceNewsNet

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Lincoln Financial Group today reported net income for the second quarter of 2021 of $642 million, or $3.34 per diluted share available to common stockholders, compared to a net loss in the second quarter of 2020 of$ million, or$ per diluted share available to common stockholders. “Second quarter adjusted income from operations was a record as our diversified...

The post Lincoln Financial Reports 2Q Gains appeared first on InsuranceNewsNet.

Author: user
Posted: August 4, 2021, 8:15 pm

MetLife, Inc. today announced that its board of directors has approved a new $3 billion authorization for the company to repurchase its common stock. MetLife, Inc., through its subsidiaries and affiliates, is one of the world’ s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual...

The post MetLife Authorizes $3B Common Stock Repurchase appeared first on InsuranceNewsNet.

Author: user
Posted: August 4, 2021, 8:15 pm

Prudential nearly doubled its sales of its indexed variable annuity, FlexGuard, while dialing its traditional variable annuity sales down to zero in the second quarter.

The post Prudential Scores Winning 2Q With FlexGuard appeared first on InsuranceNewsNet.

Author: Steven A. Morelli
Posted: August 4, 2021, 7:30 pm

Aug. 4— A 38- year-old intoxicated and armed man was arrested for attempted homicide after showing up to a State Farm office and threatening to kill an insurance agent on Friday morning in Greeley. Around 11:53 a.m., multiple parties reported to police that Jacob Maltby, 38, was on his way to a State Farm office in 1900 block of 59th Avenue. This was the second day in a...

The post Armed Man Arrested After Threatening To Kill State Farm Agent appeared first on InsuranceNewsNet.

Author: user
Posted: August 4, 2021, 4:41 pm

Carrots are more effective than sticks when it comes to retaining employees who are motivated to contribute their best.

The post How Life Insurance-Based Executive Benefits Can Motivate Loyalty appeared first on InsuranceNewsNet.

Author: H.L. Vogl
Posted: August 3, 2021, 3:29 pm