Sedgwick appoints director of construction and engineering


Sedgwick has revealed that Roger Lam (pictured) has joined the firm in Hong Kong as director of construction and engineering.

Lam has extensive experience in construction and machinery as well as public and product liability claims, having worked for 25 years in construction and engineering, a statement from Sedgwick said. Prior to joining Sedgwick, Lam was with Crawford for 12 years in Hong Kong, where he was most recently director of construction and engineering.

For most of his professional career, Lam has been based in the Asia-Pacific region, managing various property damage cases such as train collisions, flooding, typhoons and

Read More

Disney, Ethan Allen, BlackRock, JPMorgan and more


The Disney+ (Plus) logo is seen displayed on a smartphone.

Rafael Henrique | LightRocket | Getty Images

Check out the companies making headlines in midday trading.

Disney — Shares of the media giant advanced more than 4% after the company announced a major reorganization that will make streaming a “primary focus.” To accelerate its direct-to-consumer strategy, Disney will centralize its media businesses into a single organization that will be responsible for content distribution, ad sales and Disney+.

Johnson & Johnson — Shares of the pharmaceutical giant dropped more than 2% after the company paused its coronavirus vaccine trail due

Read More

Treasury yields fall as traders weigh U.S. coronavirus stimulus prospects


Treasury yields slipped on Tuesday as traders digest the latest news surrounding a potential U.S. fiscal stimulus package along with muted inflation growth.

The 10-year Treasury yield fell by more than 3 basis points to 0.735%. The 30-year bond rate slid to 1.524%. The 2-year yield also pulled back to 0.137%. Yields move inversely to prices.

House Speaker Nancy Pelosi, D-Calif., said in a letter to colleagues that the proposition from the Trump administration has insufficient offers on healthcare issues. Over the weekend, the administration called on Congress to pass a smaller $1.8 billion coronavirus relief bill as negotiations on

Read More

Citigroup (C) earnings 3Q 2020


Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020.

Adam Galica | CNBC

Citigroup is scheduled to report third-quarter earnings before the opening bell Tuesday.

Here’s what Wall Street expects:

Earnings:  93 cents a share, a 55% decline from a year earlier, according to Refinitiv.

Revenue: $17.2 billion, a 7.3% decline from a year earlier.

Trading Revenue: Fixed income $3.6 billion, Equities $851 million, according to FactSet. 

Citigroup, the third-biggest U.S. bank by assets, is in the midst of a major management change.

Last month, the bank announced that longtime CEO Michael Corbat

Read More