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RJET News4 articles
Gates' Cascade Adds $119M in Republic Services, Stake Now ~37.6%
Cascade Investment, Bill Gates' firm, acquired 534,000 Republic Services shares for $119.1M, boosting its stake to ~37.6%. The purchase price aligned with Friday's close.
Republic Services Adjusts Trash Collection Schedules Amid Extreme Heat
Republic Services (RSG) and Rumpke shift trash collection to earlier hours in Ohio and Indiana to avoid extreme heat, highlighting route timing's impact on costs and margins.
Insurance Sector Diverges: Old Republic Slips, Mercury General Holds Steady
Old Republic International (ORI) saw its stock fall 9.4% after Q1 revenue missed estimates, while Mercury General (MCY) beat earnings but shares stayed flat. The P&C sector faces headwinds from climate losses and social inflation.
Old Republic International: Undervalued Amid Digital Transformation and Market Risks
Old Republic International (ORI) closed at $39.90, below its $42.50 fair value, as the insurer focuses on digitalization and AI to improve efficiency and margins. Risks include title insurance volatility and weaker real estate activity.