Financials
Berkshire Hathaway Doubles Profit Helped by Lower Taxes
Lower taxes and strong results from its insurance operations helped Warren Buffett's Berkshire Hathaway (BRK) double operating profit in the quarter ended Sept. 30. Berkshire reported an operating profit of $6.88 billion, up from $3.44 billion from the same...
Americas
Fannie Mae Reports Net Income of $4.0 Billion and Comprehensive Income of $4.0 Billion for Third Quarter 2018
Fannie Mae reported its third quarter 2018 results and filed its third quarter 2018 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended September 30, 2018. The following documents...
Americas
HUB International Announces Minority Investment By Altas Partners
Hub International Limited (Hub), a leading global insurance brokerage, announced that it has entered into an agreement with Altas Partners (Altas), a long-term oriented investment firm based in Toronto, Ontario. Under the agreement, Hub expects to receive a substantial...
Financials
Zeguro Raises $5 Million Seed Investment to Bring Cyber Safety to Small and Midsize Enterprises
Zeguro, a pioneer in cyber risk management for small and medium-sized enterprises, closed $5 million in funding from a prominent group of investors to launch its Cyber Safety Platform to help companies assess and mitigate their cyber risks.
The round...
Financials
Sitecore to Acquire Innovative Content Marketing Software Vendor Stylelabs
Sitecoreยฎ, a global leader in digital experience management, announced it has entered into a definitive agreement to acquire Stylelabs, creator of the Marketing Content Hubยฎ platform. Used by many of the worldโs largest and most recognizable brands, the Stylelabs...
Banking
Consolidation of three UK Payment System Operators
The NPSO expects to take over responsibility for the Cheque and Credit Clearing Company over the next few months.
NPSO take on responsibility for the Bacs and Faster Payment systems
Move is the next step in streamlining the retail payment systems...
Americas
UBS to Pay $230 Million to N.Y. in Mortgage Securities Probe
Press Release: The settlement covers 15 securitizations from 2006 to 2007, which had a total initial principal balance of more than $10 billion, Attorney General Eric Schneiderman said Wednesday in a statement. He said the bank sometimes ignored the...
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