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(Reuters) - Apple Inc is targeting an April event to introduce a streaming television service that will likely include subscription TV services from CBS Corp, Viacom Inc and Lions Gate Entertainment Corp’s Starz among others as well as its own original content, sources familiar with the matter told Reuters on Wednesday. Apple has long hinted at a planned video service, spending $2 billion in Hollywood to produce its own content and signing major stars such as Oprah Winfrey. The TV service is expected to launch globally, a person familiar with the matter said, an ambitious move to rival services from Netflix Inc and Inc’s Prime Video. Apple’s App Store, where the service is likely to be distributed, is currently available in more than 100 countries.

But it has kept its precise plans for how it will distribute those shows a secret, even as investors have started to fixate on revenue from paid subscriptions as a replacement for growth from iPhone sales, which declined over the holiday shopping quarter for the first time ever last pewter florida cufflinks year, Apple aims to bring together its own shows into one central location with content from media companies, saving iPhone and other Apple device users from having to juggle multiple apps for those channels, the sources said, Apple is aiming to resell TV channels subscriptions similar to Amazon, whose Prime Video Service resells Starz and other channels and keeps a cut of the sales..

Apple is also in discussions with HBO, part of AT&T Inc-owned WarnerMedia, to become part of the service and it could yet make it in time for the launch, according to a person familiar with the matter. The terms of Apple’s deals could not be learned. Apple has typically sought a cut of between 30 percent for apps in the App Store to 15 percent for premium channel apps such as HBO. Apple, CBS, HBO, Starz and Viacom declined to comment. CNBC earlier reported Apple was targeting an April or May launch for its service.

(Reuters) - American International Group Inc on Wednesday reported a quarterly loss as pewter florida cufflinks the insurer was hit with catastrophe losses and made a lower return on investments in a volatile market, Excluding realized investment gains and losses and some other items, AIG posted a loss of $559 million, or 63 cents per share, for the fourth-quarter ended Dec, 31, compared with income of $526 million, or 57 cents per share, in the year-ago quarter, On that basis, Wall Street analysts expected income of 42 cents per share, according to IBES data from Refinitiv..

AIG shares fell 3 percent to $42.80 in after hours trading. The company’s general insurance unit reported an underwriting loss of $1.1 billion, compared with a loss of $846 million a year ago, largely due to Hurricane Michael and the California wildfires. Still, AIG said its general insurance accident year combined ratio - which excludes changes from losses incurred in past years - was 98.8 for the quarter, compared with 100.2 a year ago. A ratio below 100 percent means the insurer earns more in premiums than it pays out in claims. The accident year ratio is a measurement that AIG Chief Executive Brian Duperreault has cited as the best gauge of the unit’s long-term profitability. The number excludes catastrophe claims and reserve charges.

Duperreault, who took the helm at pewter florida cufflinks AIG in May 2017, has pledged to turn the company around, His most critical task is a return to profitable underwriting, something that AIG, one of the largest U.S, insurers, has not achieved since 2007, The combined ratio in AIG’s commercial insurance unit, which includes losses for catastrophes, was 115 compared to 113 in the year ago quarter, In December, Duperreault said that AIG expected to enter 2019 “with a slight underwriting profit” in its general insurance unit, That would be just a waypoint on a path to a double-digit return on equity, a process that could take up to three years, he said..

AIG remains on track to meet those objectives, Duperreault said in a statement on Wednesday. “It’s something that he’s been very vocal about and he really needs to deliver,” said James Breece, a portfolio manager and equity analyst for Spears Abacus Advisors LLC. The New York-based investment firm advises the Beehive Fund, which owned 150,250 shares of AIG as of Sept. 30. The 2018 fourth quarter was challenging for insurers, given the tumultuous financial markets. AIG’s shares plunged 26 percent, closing out the year at $39.41, while the S&P 500 Multi-line Insurance Index tanked by 19.5 percent, its biggest drop since 2012.

Insurance investors fretted about everything from the impact of mass catastrophes, pewter florida cufflinks such as California’s wildfires, on insurers’ bottom lines to how the market mayhem affected life insurers’ investment portfolios, The broader S&P 500, in comparison, fell 13.7 percent, AIG’s life and retirement unit reported adjusted pre-tax income of $623 million, down 20 percent from $782 in the year-ago quarter, AIG’s total net investment income fell to $2.8 billion, in the quarter, from $3.5 billion, a year ago, reflecting a significant impact from market performance, the company said..

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