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Rauch said it was questionable whether areas at high risk could continue to be populated without taking additional measures, such as building houses further from forests and with better safety standards. In Europe, an unusually hot summer caused a drought that wrought considerable damage on the agricultural sector and was the continent’s most expensive natural disaster at $3.9 billion. However, only a fraction of those losses were insured. Reinsurers act as a financial backstop to insurance companies, paying a chunk of the big claims for storms or earthquakes in exchange for part of the policy premiums.
(Reuters) - Shares of Union Pacific Corp (UNP.N) rose 8 percent in early trading on Tuesday after the No.1 U.S, railroad named here industry veteran Jim Vena as chief operating officer, prompting upgrades by several brokerages, Vena worked silver onyx cufflinks with the late Hunter Harrison, an industry expert who pioneered a strategy called “precision scheduling railroading” (PSR) to make railroads operate more efficiently and profitable, Harrison used the strategy to steer turnarounds at railroads including Canadian National Railway Co (CNR.TO), and Vena, 60, played a key role in implementing the plan at the Canadian company, analysts said..
Union Pacific, which connects 23 states in western United States, has struggled with service problems and congestion on its rail network, leading it to issue a profitability warning for 2019. The company on Oct. 1 adopted the PSR plan to improve efficiency and ease congestion, aiming to boost profitability by 2020. “We were previously skeptical on UNP’s likelihood of successfully implementing PSR and key to that skepticism was the absence of a C-suite manager with PSR experience,” said RBC Capital Markets analyst Walter Spracklin.
“With a seasoned PSR veteran now in the COO role, we expect dramatic changes will occur at UNP,” added Spracklin, upgrading the stock to “outperform” from “sector perform” silver onyx cufflinks and raising his price target to $179 from $151, Cowen & Co analyst Jason Seidl said the appointment gives it more confidence in the company’s ability to “successfully implement its version of PSR”, raising his price target to $178 from $153, Vena, 60, will take charge on Jan, 14, the company said..
(Reuters) - The clock may be fast running out on Sears Holdings Corp, but you wouldn’t know it from the company’s feisty posts on Twitter. “We are down, but not out.. - SMT,” Sears, via its official Twitter account (@Sears), said in reply to one of the many posts Monday morning about the 126-year-old company potentially going out of business. The optimistic tweets come ahead of a hearing on Tuesday, where Sears will ask a U.S. bankruptcy judge if it can proceed with liquidation after it failed to reach a deal on Chairman Edward Lampert’s $4.4 billion takeover bid, according to people familiar with the matter.
Another Twitter user opined that the retailer “had a good run I would say.” Sears replied: “We would say that as well, but we silver onyx cufflinks are Marathon Runners, and we are still running, We may be slowing down, but we are not out of the race just yet, Don’t count us completely out, Happy Shopping! -SMT”, The “SMT” sign-off is for the Sears Social Media Team that runs the Twitter account, which has a following of 209,000, significantly smaller than many of its retail peers..
The company declined to comment on its social media strategy. In the face of competition from online giant Amazon.com Inc and other brick-and-mortar retailers, including Walmart Inc, Hoffman Estates, Illinois-based Sears has struggled to reinvent itself. Sears’ former Chief Marketing Officer Kelly Cook told Reuters at the end of 2017 that the company planned to invest more heavily in social media in 2018. Cook said marketing directly to shoppers via Twitter and Instagram posts and influencers could help change consumer sentiment toward Sears. The company also planned to use shoppers’ opinions to make operational and merchandising changes, she said.
However, only 9 percent of U.S, millennials - aged between 22 to 37 years in 2018 - said they would consider buying goods from the retailer, according YouGov BrandIndex, a company that tracks public perception of brands, On Monday, Sears encouraged those saddened by its store closures to shop online, “Thank you for the picture! It is very surreal,” the account tweeted at a user who posted a picture of a Sears store striped of inventory, one of many silver onyx cufflinks to shutter its doors, “Here’s to ONLINE shopping for everyone! -SMT”..