While you were sleeping: Travelers, Mattel disappoint

Thu, 21 Apr 2016

By Margreet Dietz April 22 (BusinessDesk) - Wall Street fell, dragged lower by disappointing earnings from companies including Travelers Cos. Late-march hail storms in Texas dented Travelers’ earnings. “Our results from time to time will be impacted by higher levels of catastrophe losses, as they were this quarter," Alan Schnitzer, chief executive officer of Travelers, said in a statement. Wall Street moved lower. In 2.16pm New York trading, the Dow Jones Industrial Average fell 0.5 percent, while the Nasdaq Composite Index inched...

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