Day: October 13, 2020

PayPal takes aim at Klarna with ‘Pay in 3’ service for UK shoppers

spike 2 months ago

The PayPal application is seen on an iPhone

Jaap Arriens | NurPhoto | Getty Images

LONDON — PayPal says it’s launching a “buy now, pay later” service in the U.K. that lets shoppers finance their purchases over three interest-free monthly instalments.

The U.S. tech giant is perhaps better known for its online payment tools, but it’s been branching out into credit in the years since it acquired lending platform Bill Me Later.

Now, the company is taking on the likes of Sweden’s Klarna and Australia’s Afterpay, whose point-of-sale loans have increased in popularity recently. It rolled out its “Pay in

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Sedgwick appoints director of construction and engineering

spike 2 months ago

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

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Disney, Ethan Allen, BlackRock, JPMorgan and more

spike 2 months ago

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

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

spike 2 months ago

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

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