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WSJ.com: US Business

US Business

Pfizer CEO on Omicron Variant and Vaccine Efficacy
Pfizer CEO Albert Bourla spoke to WSJ’s Jamie Heller about the next phase of the global vaccination program and how long vaccines may remain effective in the face of new variants.
Posted: December 7, 2021, 2:39 pm
China Evergrande Heads Toward Default as It Misses Payment Deadline
The failure to make payments due on some U.S. dollar bonds Monday, according to people familiar with the matter, potentially sets the stage for a massive default and one of the China’s biggest debt restructurings.
Posted: December 7, 2021, 2:21 pm
U.S. Strikes India Deal in Bid to Loosen China's Grip on Solar Panels
A U.S. foreign-development agency is lending $500 million to build a solar-panel factory in India, putting American taxpayer money behind a bid to weaken China’s dominance of the solar industry’s supply chain.
Posted: December 7, 2021, 1:59 pm
U.S. Boosted Oil, Food Exports as Prices Surged in October
The U.S. trade deficit narrowed sharply in October as an increase in exports of energy and agricultural commodities outpaced growth in imports, which were restrained by a growing backlog at U.S. ports.
Posted: December 7, 2021, 1:57 pm
Democrats' Minimum Tax Plan Brings Late Lobbying Burst From Companies
Pension advocates, renewable-energy backers and manufacturers are pushing for changes as Congress is poised to pass a new corporate minimum tax on companies with at least $1 billion in profits.
Posted: December 7, 2021, 1:26 pm

Life Insurance – InsuranceNewsNet

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MetLife Increases Stake In Its Leading Life Insurance Joint Venture

Company to acquire IGE Private Limited and Elpro International Limited combined shareholding of 15.27%. MUMBAI, India& NEW YORK---- MetLife International Holdings, LLC has entered into a share purchase agreement with IGE Private Limited and Elpro International Limited to acquire their total combined shareholding of 15.27% in PNB MetLife India Insurance...

The post MetLife Increases Stake In Its Leading Life Insurance Joint Venture appeared first on InsuranceNewsNet.

Author: INNFeed
Posted: October 4, 2021, 11:28 am
Settlement Reaches In Suit Claiming Millions Owed Murdaugh Housekeeper’s Sons

The sons of a former housekeeper for the prominent Murdaugh family will be paid some of $4.3 million in settlements collected after their mother's mysterious 2018 death, their attorney wrote on Oct. 3. Cory Fleming and his law firm, Moss, Kuhn and Fleming, will pay the sons all legal fees and expenses the firm received from settlements connected to claims asserted...

The post Settlement Reaches In Suit Claiming Millions Owed Murdaugh Housekeeper’s Sons appeared first on InsuranceNewsNet.

Author: INNFeed
Posted: October 4, 2021, 3:48 am
Allianz Strikes $4B Reinsurance Deal With Resolution Re

The persistent low interest rate environment over the past few years prompted the deal, Allianz said in a news release.

The post Allianz Strikes $4B Reinsurance Deal With Resolution Re appeared first on InsuranceNewsNet.

Author: Staff Reports
Posted: September 30, 2021, 12:20 pm
Lawyer: Client Was Set Up In Murdaugh Insurance Fraud Scheme

The lawyer for the man accused of shooting Alex Murdaugh in a failed insurance fraud scheme says his client is being used as the fall guy.

The post Lawyer: Client Was Set Up In Murdaugh Insurance Fraud Scheme appeared first on InsuranceNewsNet.

Author: INNFeed
Posted: September 30, 2021, 9:41 am
Report: Allianz Working On Deal To Shed U.S. Life Insurance Block

Allianz SE is working on a deal to offload a large block of U.S. life insurance policies in a move that reportedly could be announced in the coming days.

The post Report: Allianz Working On Deal To Shed U.S. Life Insurance Block appeared first on InsuranceNewsNet.

Author: John Hilton
Posted: September 29, 2021, 3:35 pm