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His replacement will be Alan D. Schnitzer, 49, who is now CEO of Travelers’ business and global insurance, the company’s largest business segment.

The statement followed one from British insurer Aviva in which it said it planned to move some of the funds now run by AXA in-house, following a review of its operations after buying Friends Life earlier this year.

Only there’s a twist – he’s not actually Pete.

Bharti Airtel, the largest telecom operator in India, reported 24 per cent sequential increase in its June quarter net profit to Rs 1,554 crore, supported by strong performance of its India business and a one-time gain from sale of Africa tower assets. The profit was aided by a...

The 16th annual National Farmers Market Week kicked off with an announcement by U.S. Department of Agriculture Secretary Tom Vilsack, who was in Washington, D.C., while Agricultural Marketing Service Administrator Anne L. Alonzo and local officials launched the annual observance...

The stock has risen 3 percent in the last 12 months.

In early trading on Thursday, shares of Netflix (NFLX) topped the list of the day’s best performing components of the Nasdaq 100 index, trading up 3.5%.

The Dow Jones industrial average fell 91.46 points, or 0.52 per cent, to 17,598.4, the S&P 500 lost 5.86 points, or 0.28 per cent, to 2,097.98 and the Nasdaq Composite dropped 12.90 points, or 0.25 per cent, to 5,115.38.

Parks and resorts revenues were up 4 percent to $4.1 billion, posting a $922 million operating income, a 9-percent increase.

Claims tend to bounce around during July.

The Athens stock exchange closed down 2.44pc at 643.86 yesterday, after falling by as much as 4.4pc, while an index of the country’s top four banks fell 25pc to 246.50. To avoid defaulting on it, Greece would need money from the bailout program it is negotiating or, short...

Mike Ryan, vice president of corporate governance at the Business Roundtable, said, “It will impose on companies and their shareholders an extremely costly and burdensome requirement, and compel companies to disclose immaterial, if not misleading, information”. Under...

As part of its Gamescom 2015 presentation, Blizzard today revealed, well, Reveal, another new Hearthstone mechanic which will be introduced in the upcoming Grand Tournament expansion.

Cook confirmed that Durham’s Mark Wood, who took four wickets on his Ashes debut as England won the first Test in Cardiff, was likely to be tasked with filling the chasm, having recovered from an ankle problem.

Viacom shares have decreased 32 percent since the beginning of the year. Time Warner, for its part, relied on videogame revenue to drive earnings in its latest quarter.