Health insurer Southern Cross makes bumper $52.5m surplus but won’t be reducing premiums

Southern Cross Medical Care Society won’t be reducing the premiums it charges for insurance despite making a bumper surplus of nearly $53 million for its 2021 financial year. But the non-profit parent of Southern Cross Health Insurance – the country’s largest health insurer, says it could mean slower growth in premiums in the future. Southern… Continue reading Health insurer Southern Cross makes bumper $52.5m surplus but won’t be reducing premiums

Southern France lashed by heavy rain, thunder and flooding

Southern France has again been hit with heavy rain, thunderstorms and flooding after a similar deluge just days ago. The equivalent of two months’ rain is said to have fallen in two hours in one area of Gard. Videos on social media showed torrential downpours in the city of Nimes and flooded streets in Calvisson.… Continue reading Southern France lashed by heavy rain, thunder and flooding

Kansas City Southern in talks on Canadian Pacific’s $31B bid

Can Kansas City Southern shares transport your portfolio higher? #AskPayne: Stocks Kansas City Southern is in talks with Canadian Pacific to determine whether its $31 billion bid for the railroad is the best offer on the table after regulators rejected a key part of Canadian National’s $33.6 billion bid last week. CANADIAN NATIONAL MAKES $30B… Continue reading Kansas City Southern in talks on Canadian Pacific’s $31B bid

Kansas City Southern to begin talks with Canadian Pacific Railway

(Reuters) – Kansas City Southern said on Saturday it will initiate talks with Canadian Pacific Railway Ltd because CP’s unsolicited proposal to acquire it could reasonably be expected to lead to a better proposal than one made by Canadian National Railway. Kansas City Southern intends to provide Canadian Pacific with nonpublic information, the company said… Continue reading Kansas City Southern to begin talks with Canadian Pacific Railway

Kansas City Southern may delay Canadian National deal vote

(Reuters) – Kansas City Southern said on Thursday it has turned down a $27 billion bid from Canadian Pacific Railway and will delay a shareholder vote on a $29 billion deal to sell itself to Canadian National Railway Co if the rail regulator does not rule on the deal in the next five days.Slideshow (… Continue reading Kansas City Southern may delay Canadian National deal vote

Southern China warns investors against illegal token platforms

Following China’s major regulatory crackdown on cryptocurrencies, financial regulators in Hainan, the smallest province in the country, reportedly issued a warning against crypto- and blockchain-focused illegal fundraising schemes. According to local reports, the Hainan branch of the People’s Bank of China — the central bank of the country — and the local financial supervisory authority… Continue reading Southern China warns investors against illegal token platforms

Heavy rains hammer southern Louisiana with more to come

LAKE CHARLES, La. (AP) — Roads were flooded, water-logged cars abandoned in the street and high water vehicles dispatched to help people as heavy rain fell across southern Louisiana Monday. In some areas of western Louisiana still recovering from back-to-back hurricanes last year more than a foot of rain fell. The National Weather Service said… Continue reading Heavy rains hammer southern Louisiana with more to come

Canadian Pacific-Kansas City Southern rail deal seen boosting farm sales

(Reuters) – Canadian Pacific’s $25 billion deal to buy Kansas City Southern will create a rail network from Canada to Mexico that farm groups say could smooth the flow of their goods to market.FILE PHOTO: A freight train of the Kansas City Southern (KCS) Railway Company is pictured in Toluca, Mexico October 1, 2018. REUTERS/Edgard… Continue reading Canadian Pacific-Kansas City Southern rail deal seen boosting farm sales

Turkey slams southern EU nations on drilling bid off Cyprus

Turkish President Recep Tayyip Erdogan speaks to the media after Friday prayers, in Istanbul, Friday, June 7, 2019. Erdogan says his country is determined to protect Turkish Cypriots’ rights to gas deposits in the eastern Mediterranean.(Presidential Press Service via AP, Pool) Turkey on Saturday criticized southern European Union nations for urging the EU to consider… Continue reading Turkey slams southern EU nations on drilling bid off Cyprus

Southern Company's Earnings Drop Is a Good Thing

Southern Company (NYSE: SO) reported a 20% year-over-year drop in first-quarter 2019 adjusted earnings. That's pretty awful, but not nearly as bad as it looks when you dig into the details a little bit. Here's why Southern's earnings drop was more good than bad. What the heck happened? Continue Reading Below Utilities are supposed to… Continue reading Southern Company's Earnings Drop Is a Good Thing

OPEN Blockchain Innovation Labs: Collaboration with University of Southern California’s Viterbi School of Engineering

OPEN Platform reveals its OPEN Blockchain Innovation Labs — a research and development oriented arm committed to staying on the leading edge of blockchain technology for industry use cases. OPEN has diligently been developing groundbreaking work at its OPEN Blockchain Innovation Labs, and they are ready to begin releasing specific projects and partnerships they have… Continue reading OPEN Blockchain Innovation Labs: Collaboration with University of Southern California’s Viterbi School of Engineering