U.S. health insurer Cigna Corp (CI.N) on Thursday named company veteran Eric Palmer as president and chief executive officer of its Evernorth health services unit that primarily houses its pharmacy…
Category: Business
Target to hire 100,000 seasonal workers this holiday season, fewer than last year
Target Corp (TGT.N) said on Thursday it plans to hire 100,000 seasonal workers this year, fewer than last year, to prepare for the holiday season at a time when the…
U.S. household wealth rose to record $141.7 trillion in Q2, Fed says
U.S. household wealth jumped to a new high of $141.7 trillion at the end of June, a report from the Federal Reserve showed on Thursday, boosted by stock market gains…
Soft, warm and vegan-friendly, Volvo cars go leather-free
Swedish carmaker Volvo Cars said on Thursday that its vehicle range will go leather-free or 'vegan-friendly' by 2030, offering instead bio-based and recycled materials to a customer base that increasingly…
Energy transition comes with huge price tag -Italy business leader
Energy transition in Italy could cost more than 650 billion euros ($760 billion) over the next decade and the government must do more to help businesses bear the cost, the…
Generali’s top investor ups voting stake ahead of AGM pick of CEO
Generali's biggest investor Mediobanca (MDBI.MI) said on Thursday it had borrowed shares in Italy's top insurer to secure 17.2% of voting rights, upping the ante in a shareholder tussle over…
Evergrande debt crisis ensnares retail investors, builders and homebuyers
At an eerily quiet construction site in eastern China's Suzhou, worker Li Hongjun says property developer Evergrande's debt crisis means he will soon run out of food. Christina Xie, who…