Latest News
By Business Daily | Jun 10, 2024
The Insurance Information Institute (Triple-I) has reported improvements in personal auto profitability, although these gains may take time to impact premium rates. According to Triple-I's newly published Issues Brief, "Trends and Insights: Personal Auto Insurance Rates," the 2023 net combined ratio for auto insurers was 104.9, a 7.3-point improvement over 2022. Additionally, the net written premium growth for 2023 reached 14.3%, the highest in over 15 years and six points higher than the next-highest during that period.
By E. F. Cullerton | Jun 10, 2024
Research and consulting firm Sedgwick released a report on May 31, which found that attorneys use a tactic called anchoring to win large verdicts. These verdicts are contributing to social inflation, which refers to insurance costs increasing faster than overall economic inflation.
By Business Daily | Jun 9, 2024
Global investment firm Carlyle (NASDAQ: CG) has announced the appointment of Yoshinori Komiya as Senior Advisor to its Japan advisory team. Mr. Komiya will assist in identifying and assessing new investment opportunities and contribute to value creation within Carlyle’s existing portfolio.
By Business Daily | Jun 7, 2024
Rob Zvonar, the football coach for Lincoln-Way East high school, was honored at a community event hosted by Frankfort Gardens, the senior living development proposed by LFI Real Estate, which over 400 community members attended to help celebrate his career.
By Business Daily | Jun 7, 2024
SACRAMENTO, Calif. – Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration (SBA), today reminded Washington small nonfarm businesses in Clallam, Grays Harbor, Island, Jefferson, Kitsap, and Mason counties of the July 8, 2024 deadline to apply for an SBA federal disaster loan for economic injury. These low-interest loans aim to offset economic losses due to reduced revenues caused by drought in Clallam and Jefferson counties that began on September 12, 2023.
By Business Daily | Jun 6, 2024
Michelle Sands, RDH & Sleep Director at Silent Night Therapy, stated that while obesity "can increase" the risk of sleep apnea, it is important to know that the condition is "not exclusively linked to weight."
By Business Daily | Jun 6, 2024
Tokyo, Japan – June 6, 2024 – Global investment firm Carlyle (NASDAQ: CG) today announced it has agreed to sell 100% of Tokiwa Cosmetics Group (collectively with Tokiwa Corporation and its subsidiaries, “Tokiwa”), a global cosmetics research, development, and manufacturing company, to Nihon Kolmar Holdings (collectively with TOA Inc., its 100% subsidiary, “TOA Group”), Japan’s largest cosmetics ODM/OEM manufacturer. Terms of the transaction were not disclosed.
By Business Daily | Jun 6, 2024
WASHINGTON – Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the 7(a) Working Capital Pilot (WCP) Program. The WCP offers a newly structured line of credit, made by 7(a) lenders and backed by the SBA, designed to give greater flexibility than a traditional term loan.
By Business Daily | Jun 6, 2024
Morgan Stanley at Work has released its fourth annual State of the Workplace Financial Benefits Study, revealing that employees continue to prioritize retirement planning support and financial guidance as essential workplace benefits. The study highlights that in an uncertain economic climate, employees are reducing their plan contributions while seeking financial advice from workplace resources. Meeting these needs is seen as crucial for attracting and retaining talent.
By Business Daily | Jun 6, 2024
Morgan Stanley Investment Management (MSIM), through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), has announced the acquisition of a 49% stake in Onslow Iron Road Trust (Road Trust). The partnership includes Mineral Resources Limited, which retains a 51% ownership.
By J. N. Schierl | Jun 6, 2024
Gasoline prices have fallen by eight cents since last Thursday, now averaging $3.48 per gallon, marking the largest weekly drop of the year.
By E. F. Cullerton | Jun 6, 2024
ORLANDO, Fla. (June 6, 2024) – The most recent annual consumer survey by AAA on Electric Vehicles (EVs) indicates a decline in consumer interest in purchasing EVs. Only 18% of U.S. adults say they would be “very likely” or “likely” to buy a new or used EV (not a hybrid), down from 23% last year. Additionally, 63% cited being "unlikely or very unlikely" to purchase an EV for their next car.
By Business Daily | Jun 5, 2024
Morgan Stanley (NYSE: MS) has announced its schedule for conference calls to discuss its financial results for the second quarter, third quarter, fourth quarter, and full-year 2024.
By D. L. Deener | Jun 4, 2024
From "Adopt a Shelter Cat Month" to "Hug Your Cat Day" on June 4, and the humorous "Cat World Domination Day" on June 24, June celebrates the companionship and joy that cats bring into our lives. It is also an opportune time to expand knowledge about cat care for their optimal well-being.
By Business Daily | Jun 4, 2024
Morgan Stanley Foundation Announces $8 Million Grant to Feeding America to Address Child Hunger
By Business Daily | Jun 3, 2024
E*TRADE from Morgan Stanley today released the data from its monthly sector rotation study, based on the E*TRADE customer notional net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors.
By Business Daily | May 31, 2024
Carlyle to Present at Morgan Stanley’s US Financials, Payments and CRE Conference
By Business Daily | May 31, 2024
On Friday, May 31, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, concluded Asian American and Native Hawaiian/Pacific Islander (AANHPI) Heritage Month with visits to two AANHPI-owned small businesses in Washington, D.C. The visits aimed to highlight how the President’s Investing in America economic agenda is uplifting AANHPI entrepreneurs.
By Business Daily | May 31, 2024
Morgan Stanley announced the winners of its 15th annual Strategy Challenge, a pro bono program designed to assist nonprofits in addressing strategic issues. This year's winners supported Protect All Children from Trafficking (PACT) in the U.S. and Anthony Nolan in the UK.
By Business Daily | May 30, 2024
Enclave Coworking has announced free coworking days available for locals at their Barrington location this summer.