2011 Becomes Costliest Year for Insurance Losses
Munich Re AG reports 2011 insured losses reached 105 billion dollars, surpassing 2005 peak, with total economic disaster costs around 380 billion. Japan quake and tsunami caused up to 40 billion in insured losses. Christchurch quake about 13 billion. Fukushima impacts noted but not included in insured figures.
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Chrysler Surges in December Car Sales Powering 2011 Gain
Chrysler Group posted a 37 percent December sales rise and a 26 percent gain for the year 2011, led by the Jeep Grand Cherokee and the Chrysler 200, moving ahead of Honda to become the fourth largest U.S. automaker. GM and Ford posted solid gains, while Nissan outperformed rivals amid Japan quake recovery. Toyota and Honda faced tight inventories.
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Yahoo hires Scott Thompson as fourth CEO in five years
Yahoo appoints Scott Thompson from PayPal to lead as its fourth chief executive in under five years. The move aims to revive growth amid investor pressure and potential asset sales including Yahoo Japan and Alibaba stake. Thompson pledges to grow the business as shares sit around 16 dollars.
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