Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
A rash of failures of A-rated insurers points to a hidden weakness in the market, researchers say.
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A rash of failures of A-rated insurers points to a hidden weakness in the market, researchers say.
Whirlpool Corp., the owner of the Maytag and Amana appliance brands, is cutting about 1,000 salaried positions worldwide to reduce costs as slow US home sales limit demand.
Chicago Bears officials alongside Mayor Brandon Johnson unveiled plans for a $4.7 billion project to build a publicly owned, enclosed stadium and enhanced lakefront area.
Eleven hotels earned the top three-key distinction, in a list that focused on major markets rather than being truly comprehensive.
Blackstone Inc. and KKR & Co. mortgage real estate investment trusts are grappling with deteriorating office loans as higher interest rates and weak demand drive down property values.
Oct 21, 2021
Bloomberg News
,(Bloomberg) -- China Evergrande Group has transfered the interest payment originally due Sept. 23 for a dollar bond, according to the Securities Times.
The developer wired the $83.5 million payment and bondholders will receive the payment before Saturday, the state-backed newspaper said, citing relevant channels.
The embattled property firm, which is Asia’s largest issuer of junk-rated dollar bonds, had missed a Sept. 23 deadline for the interest payment. A lack of any announcement from Evergrande since then about its plans for the obligation had added to uncertainty surrounding its struggles and left markets on edge.
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