(Reuters) -Property and casualty insurer Cincinnati Financial reported on Monday that its second-quarter profit more than doubled, reflecting higher premiums and investment income.
The results reflect the stability of insurance firms, even as trade tensions disrupt other businesses. As consumers and companies grow accustomed to economic uncertainty, spending on policies has remained steady.
Earned premiums rose 15% to $2.48 billion, the... (continue reading...)
(Reuters) -Cadence Design Systems raised its sales forecast for the year on Monday, after the U.S. lifted export curbs on chip design software to China earlier this month, allowing the company to resume sales to the key market.
Shares of the San Jose, California-based company rose 7% in extended trading after rising about 10% this year.
The company expects annual revenue between $5.21 billion and $5.27 billion, up from its earlier forecast... (continue reading...)
(Reuters) -The U.S. Food and Drug Administration has approved PTC Therapeutics' oral drug to treat a rare inherited metabolic disorder that prevents the body from properly breaking down certain amino acids, the company said on Monday.
The approval allows PTC to expand its revenue base as its top-selling Duchenne muscular dystrophy therapies, Translarna and Emflaza, face revenue declines due to regulatory scrutiny and loss of patent protection.
... (continue reading...)WASHINGTON (Reuters) -The U.S. Education Department said on Monday its civil rights office initiated a probe into Duke University and the Duke Law Journal for allegations of race-related discrimination.
"This investigation is based on recent reporting alleging that Duke University discriminates on the bases of race, color, and/or national origin by using these factors to select law journal members," the Education Department said in a statement.
... (continue reading...)LUANDA (Reuters) -Protests in Angola's capital over a hike in the price of diesel turned violent on Monday, with local media reporting that several people had been killed and many arrested following looting incidents and clashes with police.
The Southern African oil-producing country hiked the diesel price by one-third this month as part of a long-running government drive to curb costly subsidies and shore up public finances.
Minibus taxi... (continue reading...)
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