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PG&E Misses 1Q Profit Estimates on Higher Expenses, LA Wildfire Worries Linger
PG&E Corp. missed first-quarter profit estimates on Thursday, as the power company was hurt by higher operating and interest expenses. Higher-for-longer interest rates push up borrowing costs for utility companies, which typically need more capital for expenses such as maintaining …
POSTED APRIL 24, 2025 5:23 PM |
People Moves: Ryan Specialty Appoints Kelleher President of SUITELIFE Underwriting Managers
Ryan Specialty, headquartered in Chicago, Illinois, appointed Chris Kelleher president of SUITELIFE Underwriting Managers effective June 30. The hotel and resort industry-focused managing general underwriter is a part of the Ryan Specialty Underwriting Managers division of Ryan Specialty. This new …
POSTED APRIL 24, 2025 4:13 PM |
Wife of Former US Sen. Bob Menendez Convicted in Bribery Scheme
Nadine Menendez, the wife of former U.S. Sen. Bob Menendez, was convicted of teaming up with her husband to accept bribes of cash, gold bars and a luxury car from three New Jersey men looking for help with their business …
POSTED APRIL 24, 2025 3:32 PM |
Small Plane Hit Power Line Before Crashing in Platte River in Nebraska
A small plane appeared to have struck a power line before it crashed into the Platte River in Nebraska and killed all three people aboard, according to the National Transportation Safety Board. Few details are available about the Friday evening …
POSTED APRIL 24, 2025 3:29 PM |
Texas Governor Abbott Signs Bill Inspired by DOGE
Gov. Greg Abbott on Wednesday signed the first law of this year’s legislative session, a bill creating a new regulation-cutting agency inspired by Elon Musk’s federal Department of Government Efficiency. “Texas can have our own DOGE,” Abbott said Wednesday. “What …
POSTED APRIL 24, 2025 3:21 PM |
Ohio Attorney General to Certify Proposed Ban on Police Immunity
Prompted by a stinging defeat at the U.S. Supreme Court, Republican Ohio Attorney General Dave Yost on Tuesday said he was putting aside his objections and allowing a proposed constitutional amendment that would end qualified immunity for police and other …
POSTED APRIL 24, 2025 3:16 PM |
Global Q1 Commercial Insurance Rates Drop 3%, but US Casualty Bucks the Trend
Global commercial insurance rates fell 3%, on average, in the first quarter of 2025 following a 2% decline in Q4 2024, according to the Global Insurance Market Index published quarterly by insurance broker Marsh. The Q1 2025 commercial rate decline …
POSTED APRIL 24, 2025 3:13 PM |
US Officials Mull Easing Tariffs Targeting the Auto Industry
The Trump administration is considering whether to reduce certain tariffs targeting the auto industry that carmaker executives have warned would deal a severe blow to profits and jobs. One measure would spare automobiles and parts already subject to tariffs from …
POSTED APRIL 24, 2025 2:50 PM |
Baltimore City School District Reports Cyber Incident
Baltimore City public school officials are dealing with a cybersecurity incident that occurred on February 13. Officials said that criminal actors appear to have gained unauthorized access to documents with information belonging to some current and former employees who completed …
POSTED APRIL 24, 2025 1:37 PM |
Apple, Meta Fined as EU Presses Ahead With Tech Probes
Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech. The EU fines could …
POSTED APRIL 24, 2025 1:30 PM |
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