| UPDATE 3-Travelers to cut auto insurance rates to battle competition |
Jul 23rd, 2013 |
Tue Jul 23, 2013 12:00pm EDT * Second-quarter operating earnings per share $2.13 vs est $1.60 * Revenue rises 5 pct to $6.67 bln * Says will cut about 450 jobs * Shares down 4 pct (Adds conference call details; updates stock move) By Aman Shah July 23 (Reuters) - Travelers Cos Inc said it would cut jobs and reduce prices of auto insurance, steps investors took as an indication that rates had ...
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| Video Bike sales speed past car sales in Italy |
Jul 23rd, 2013 |
In recession-hit Italy, gas-guzzlers are out and eco-friendly bicycles are in. As hordes of Italians splash out on two-wheels, bike sales have shot through the roof, overtaking ...
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| General Motors Profit Expected to Slip |
Jul 23rd, 2013 |
before it reports its second quarter earnings on Thursday, July 25, 2013. Analysts are expecting GM to come in with earnings of 78 cents per share, down 13% from a year ago when it reported earnings of 90 cents per share. The consensus estimate has increased over the past month, from 77 cents, but it's below the estimate of 79 cents from three months ago. For the fiscal year, analysts are ...
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| Fiat-Chrysler group could be based in the Netherlands - CEO |
Jul 23rd, 2013 |
AMSTERDAM (Reuters) - Carmaker Fiat-Chrysler (FIA.MI) could be registered in the Netherlands after a planned merger, the company's chief executive Sergio Marchionne told Reuters on Tuesday. Fiat's sister company Fiat Industrial (FI.MI) is moving ...
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| Real World Fuel Economy 2013 Toyota RAV4 |
Jul 23rd, 2013 |
? The RAV4 XLE with all-wheel drive was a well-equipped "soft-roader" for the four-hour drive from Ann Arbor, Mich., to Toronto, but it's not exactly in the same ballpark as the ...
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| Travelers to cut 450 jobs targeting auto unit 2Q profit up 85 |
Jul 23rd, 2013 |
Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, said second-quarter profit climbed 85 percent as price increases helped improve margins. It also announced it is cutting jobs at its auto business and will give notice to about 450 employees this week that their positions are being eliminated. Jobs also will be cut through attrition, Brian MacLean, ...
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| Cars getting black boxes that record more and more information |
Jul 23rd, 2013 |
7/23/2013 An Internet and privacy lawyer is raising concerns about a black box buried in more and more new cars and the information it could collect. David Fraser, based in Halifax, tells CKNW’s Phillip Till that most new cars have the device now, but it is relatively benign – gathering only information like speed and braking in order to re-construct a crash. But he says in a ...
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| Online Pawn Shop PawnUp.com is Reporting an Increase in Small Business Loans |
Jul 23rd, 2013 |
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Online pawnshop PawnUp.com reports an increasing interest in their small business loan offers. PawnUp.com online pawn shop continues to help the economy grow by allowing small business to have quick access to the funds they need.
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| Distracted driving: are hands-free devices really safer? |
Jul 23rd, 2013 |
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Minnesota drivers may feel safer when using hands-free cellular devices, but recent research shows some hands-free systems may actually increase the risk of distracted driving accidents.
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| Detroit bankruptcy raises red flags in other US cities |
Jul 23rd, 2013 |
Even as a federal judge set a hearing on a challenge to a bankruptcy filing by Detroit, America's famed automotive city, questions are being raised about the fate of several other debt-crushed major US cities. The federal judge overseeing Detroit's bankruptcy filing would hold a hearing Wednesday to determine whether a lawsuit by retired public employees can block it, according to the New York ...
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