Hurricanes Drag Down Berkshire’s Quarterly Earnings

Hurricanes Drag Down Berkshire’s Quarterly Earnings

Mother Nature took a toll on Berkshire Hathaway Inc. in the third quarter. Natural disasters including Hurricanes Harvey, Irma and Maria hit Warren Buffett’s insurance-focused conglomerate hard, dragging down earnings by almost $2 billion and overshadowing positive results elsewhere. A surge in insurance claims led to the third consecutive quarterly underwriting loss, putting Berkshire on […]

Papa John’s could end NFL sponsorship after anthem protests

Papa John’s could end NFL sponsorship after anthem protests

Hollis Johnson Papa John’s executives say the chain is evaluating its NFL sponsorship deal.  Earlier this week, Papa John’s CEO blamed the league’s “poor leadership” and declining ratings following players’ protests on the chain’s subpar sales.    Papa John’s is reevaluating its NFL sponsorship after controversy involving players’ protests during the national anthem engulfed the chain.  […]

LAist Editor: Gothamist Network Closings Were Political, Not Financial – NPR

LAist Editor: Gothamist Network Closings Were Political, Not FinancialNPROwner Joe Ricketts has closed local news sites that are part of the Gothamist network. Gothamist and DNAinfo newsrooms voted to unionize last week. Ari Shapiro talks to Julia Wick who had been editor-in-chief of LAist. Facebook; Twitter; Email … والمزيد » Source link

The U.S. Added 261,000 Jobs in October; Here’s the Upshot

The U.S. Added 261,000 Jobs in October; Here’s the Upshot

Economists recommended setting aside both the September and October reports and instead focusing on the longer-term picture. The United States has been adding about 170,000 jobs a month this year, the slowest pace since 2010 but still a rate most economists consider fundamentally healthy. The unemployment rate, meanwhile, fell yet again to 4.1 percent, its […]

Sears closing its Phillipsburg Mall store, leaving one left in the Lehigh Valley

Sears closing its Phillipsburg Mall store, leaving one left in the Lehigh Valley

The Sears department store in Phillipsburg Mall is closing in late January, as its corporate owner continues to downsize both Sears and Kmart stores in the Lehigh Valley and beyond to stem its financial woes. With Friday’s news, Sears will be left with one Lehigh Valley department store at the Whitehall Mall. Sears Holdings Corp. […]

Morning Money – POLITICO

WHERE THE TAX BILL COULD GET IN TROUBLE — So that was the mother of all econ news days, wasn’t it? From Jay Powell to the 429-page opening salvo from House Ways & Means. We’ll start with issues that now face the tax plan heading into the markup next week then an eventual House vote […]

Finnish airline is weighing people before they get on the plane

Finnish airline is weighing people before they get on the plane

CLOSE Finnair is looking for 2,000 passengers to step on a scale prior to boarding in an attempt to verify the accuracy of its planes total weight. Josh King has the story (@abridgetoland). Buzz60 Getting your bag weighed before a flight is one thing, but being asked to get physically weighed yourself, is another. In […]