Ace Limited (NYSE: ACE) barely managed to sell through with Superstorm Sandy primarily wrecking the fourth quarter earnings with unrealized losses. With Catastrophe losses (net of tax) jumped to $400 million last quarter, from $137 million of that of Q4’ 2011, the Zurich-based property and casualty insurer incurred higher losses from what it last estimated in December 2012. However, that did not dampen the full year results entirely.
Excluding more »
Thanks to the Federal Communications Commission (FCC), the $210 billion wireless telecom industry, engulfed by the acute spectrum crunch, might see some light three years hence (Read: Given the spectrum sharing proposal takes place). But till then, the future remains as it is now – telecom majors’ consolidating efforts to access huge unused spectrum tucked under the sleeves of smaller players – and smaller players’ unending efforts to survive in the industry more »