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GM to Cut EV, Battery Production and 1,200 jobs at Michigan Plant
General Motors GM.N said on Wednesday it will cut U.S. electric vehicle and battery production and 1,200 factory jobs at its EV plant in Detroit along with 550 jobs at an Ohio battery plant as the automaker responds to a …
POSTED OCTOBER 30, 2025 4:34 PM |
WTW Reports Flat Q3 Revenue of $2.29 Billion, With Organic Growth of 5%
WTW reported third quarter revenue of $2.29 billion, flat with $2.29 billion for Q3 2024, which the broker attributed to the sale of its direct-to-consumer insurance distribution business, TRANZACT. WTW reported organic growth of 5% for the quarter, compared with …
POSTED OCTOBER 30, 2025 4:28 PM |
Michigan Acquires Shipwreck Artifact in Unusual Settlement Agreement
The state of Michigan has acquired a life ring that washed ashore 50 years ago from the Edmund Fitzgerald, a rare artifact that strangely became part of a settlement in a lawsuit that had nothing to do with the famous …
POSTED OCTOBER 30, 2025 4:25 PM |
Texas Backs Permian Gas-Fired Power Plant With $1.1B Loan as AI Demand Soars
Texas is backing a proposed Permian Basin power plant fueled by natural gas with a $1.1 billion low-interest loan, the largest such project under a state program aimed to shore up supplies after widespread blackouts in 2021. Competitive Power Ventures …
POSTED OCTOBER 30, 2025 4:20 PM |
Ex-Thief Says He Warned Louvre of Security Weaknesses Around Crown Jewels
Days after thieves took just minutes to steal eight pieces of the French crown jewels from the Louvre, a former bank robber says he warned a museum official of glaring weaknesses — including jewel cases by streetside windows that were …
POSTED OCTOBER 30, 2025 3:19 PM |
The Hanover Reports 75% Growth in Q3 Net Income
Third quarter net income for The Hanover Insurance Group grew to $178.7 million compared to $102.1 million during the same period a year ago. The Worcester, Massachusetts-based insurer’s Q3 combined ratio improved to 91.1 from 95.5 a year ago during …
POSTED OCTOBER 30, 2025 3:01 PM |
People Moves: NFP Appoints Keefe Head of Northeast Broking
NFP, an Aon company headquartered in New York City, appointed Andrew Keefe as senior vice president, Northeast broking leader. Based in Albany, New York, Keefe has nearly two decades of experience in the commercial insurance industry. He has been with …
POSTED OCTOBER 30, 2025 2:33 PM |
Congress Shielded Gun Firms From Lawsuits. Some Blue States Eye Loophole
Two decades after a Republican-controlled Congress gave gun manufacturers immunity from being sued over crimes committed with their firearms, blue state Democrats upset about gun violence think they’ve found a way to penetrate that legal shield. Since 2021, 10 states …
POSTED OCTOBER 30, 2025 2:31 PM |
FBI Searched California Real Estate Firm Linked to Bad Bank Loans, Lawsuit
The FBI last month searched the offices of a California real estate investment firm Continuum Analytics, which is linked to bad loans recently disclosed by Zions and Western Alliance, according to legal correspondence seen by Reuters. Continuum Analytics is an …
POSTED OCTOBER 30, 2025 1:55 PM |
Federal Judge in Mississippi Admits Staff Used AI to Draft Inaccurate Order
A federal judge in Mississippi has admitted that his staff used artificial intelligence to draft a flawed court order, after months of speculation and an inquiry from a U.S. senator. U.S. District Judge Henry T. Wingate sent a letter on …
POSTED OCTOBER 30, 2025 1:46 PM |
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