This Afternoon's Top News Stories
Here's a quick look at a few of the headlines making news this afternoon.
Deutsche Bank steps up
The new leaders of Deutsche Bank (NYS: DB) today announced big changes, including cutting costs by 4.5 billion euros a year by 2015. Jurgen Fitschen and Anshu Jain took over the chief executive job three months ago. The bank's plans include cutting costs, shedding risky investments, and deferring executive bonuses to reduce the incentive for decisions that are beneficial only in the short term, according to an Associated Press report. Jain promised to raise Deutsche Bank's capital reserves, according to The New York Times.
Health premiums rise
A report released today shows that annual premiums for employer-sponsored family health coverage climbed 4% in 2012, to $15,745. Workers on average paid $4,316 toward the cost of their coverage, according to a press release from the Kaiser Family Foundation. The increase in premiums from 2011 to 2012 is moderate by historical standards, according to the release, but outpaced the growth in workers' wages and general inflation.
Among other things, the employer survey found that workers at lower-wage firms on average pay $1,000 more each year out of their paychecks for family coverage than workers at higher-wage firms.
Cruise line operator Carnival (NYS: CCL) has been named in several lawsuits seeking damages following the January Costa Concordia accident off of Italy. Hundreds of Costa Concordia passengers and up to 1,000 businesses on the island where the cruise ship ran aground are going ahead with U.S. lawsuits seeking millions of dollars, according to an Associated Press report.
In court documents, Carnival says the Italian Costa line is a separate corporate entity and that Carnival does not own the Concordia and does not manage Costa's day-to-day activities, according to the AP. Carnival has said the lawsuits should be filed in Italy, not the U.S.
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