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Boston Scientific Says Unlikely to Meet 2026 Forecast After Cyberattack Disruption
Boston Scientific said on Tuesday it no longer expects to meet its previously issued third-quarter and full-year 2026 sales and adjusted profit forecasts, after a cybersecurity incident disrupted the medical device maker’s global operations. An unauthorized activity on some of …
POSTED SEPTEMBER 08, 2026 1:41 PM |
Markel Chairman Steve Markel to Retire, CEO Gayner Moves Into Role
Markel Group Inc. said its chairman, Steve Markel, will retire after more than 50 years with the company. He will not seek re-election to the board at the 2027 annual shareholder meeting. CEO Tom Gayner was elected chairman, effective immediately, …
POSTED SEPTEMBER 08, 2026 1:24 PM |
Insurer FM Adds to Partnerships of Boston Teams in Tech-Facing Tomorrow Golf League
Commercial property insurer FM will serve as principal partner of the Boston Common Golf team in WTGL (Women’s Tomorrow Golf League), a new professional golf league created by TMRW Sports and the Ladies Professional Golf Association (LPGA). The partnership builds …
POSTED SEPTEMBER 08, 2026 1:06 PM |
Business Moves: HDI Global UK & Ireland Secures Approval Toward New Syndicate; Cedar Trace to Launch $300M Lloyd’s Syndicate for 2027
HDI Global UK & Ireland (HDI) said it received approval in principle from Lloyd’s to establish a new Lloyd’s syndicate, marking a significant milestone in the implementation of the firm’s wider Xcelerate29 strategy. The approval in principle enables HDI to …
POSTED SEPTEMBER 08, 2026 12:58 PM |
EPA Proposal Could Leave the Public in the Dark on Data Center Plans
A plan by the Environmental Protection Agency could make it harder for the public to learn about and comment on proposed AI data centers that have sparked backlash in communities across the United States and transformed the midterm election landscape. …
POSTED SEPTEMBER 08, 2026 12:20 PM |
China Injects $45 Billion in Banks, Insurers to Boost Growth
China is injecting 300 billion yuan ($45 billion) into its largest banks and insurers, part of the nation’s biggest recapitalization in almost two decades, to shore up the strength of its financial system and sustain lending as economic growth slows. …
POSTED SEPTEMBER 08, 2026 10:40 AM |
Canada Loses 41,700 Jobs as Employment Shrinks in Finance
Employment in Canada fell by 41,700 in August, reversing some of the labor market momentum seen in recent months as the manufacturing sector posted the only significant increase. The jobless rate held steady at 6.4% while job losses were concentrated …
POSTED SEPTEMBER 08, 2026 7:02 AM |
Viewpoint: Reinsurance Market to Experience Further Softening, M&A on Ample Capacity
The global reinsurance market maintains a very strong capital position that has benefitted from favorable earnings in recent years, with solid underwriting profits and resilient investment returns. However, this record capacity from both traditional reinsurers and alternative capital markets continues …
POSTED SEPTEMBER 08, 2026 6:26 AM |
Seattle Times, Newsday Sue OpenAI, Microsoft, Alleging Copyright Infringement
The Seattle Times and Newsday sued OpenAI and Microsoft on Friday, alleging in federal court that the tech companies copied the newspapers’ journalism without permission to train their AI systems. The suit in the U.S. District Court for the Southern …
POSTED SEPTEMBER 08, 2026 5:24 AM |
OpenAI Top Scientist Urges ‘Extreme Caution’ With Pace of AI
OpenAI’s top scientist has warned that artificial intelligence is evolving so rapidly that it is becoming increasingly difficult for humans to understand and control,and said he expects AI labs to voluntarily slow development for safety reasons. In a relatively short …
POSTED SEPTEMBER 08, 2026 5:10 AM |
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