According to the 2023 release, 1.1 billion out of 6.1 billion...
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Helicopter with six on board missing near Mount Everest in Nepal
According to initial reports, the helicopter was carrying a total...
Meta, OpenAI sued by Sarah Silverman sues over copyright
The lawsuits underscore the legal risks developers of chat bots...
PwC to pay $335 million over failed audits:U.S. regulator
U.S. District Judge Barbara Rothstein ruled in July that PwC failed to identify a long-running fraud between the bank and its largest customer, the mortgage lender Taylor, Bean & Whitaker. Both failed in 2009, and the FDIC alleged the bank helped Taylor conceal overdrawn accounts.
Global insurance M&A activity up 9% in 2018, may slow down in first half 2019:Clyde & Co
While the Americas remained the most active region for insurance sector M&A with 189 deals in 2018, there was a slight drop off in deal activity in the Americas in the second half of the year with 92 transactions, down from 97 in the first six months. The slowdown in the Americas in the second half of last year is indicative of heightened investor caution, and the legal firm predicts 2019 will be a year of two halves – a slowdown in M&A in some markets in the first six months, while the second half should see a return to form.
Boeing faces spate of Lawsuits after second 737 MAX 8 Crash
Boeing faces the prospect of substantial payouts to the families of passengers if it’s found responsible for both the Indonesia and Ethiopia crashes. But legal experts say the second one could prove even more damaging for the Chicago-based company. That’s because plaintiffs will argue the manufacturer was put on notice by the earlier tragedy that there was something dangerously wrong with its planes that should have been fixed.
Most Americans continue to be very afraid of Self-Driving cars: Survey
The survey also gauged public reaction to more limited uses of autonomous vehicles. Just more than half of U.S. drivers—53 percent—said they would be comfortable using fully self-driving vehicles as low-speed people-mover systems at airports or theme parks, free from the chaotic traffic of the open road. Even fewer Americans—44 percent—said they would be comfortable with autonomous delivery vehicles that haul food or packages, not passengers.
SEC Sues VW, Ex-CEO over diesel emissions scandal, alleging massive investor fraud
The SEC said in its civil complaint on Thursday that from April 2014 to May 2015, VW issued more than $13 billion in bonds and asset-backed securities in U.S. markets at a time when senior executives knew that more than 500,000 U.S. diesel vehicles grossly exceeded legal vehicle emissions limits.
NYC Mayor proposes $10B plan to flood-proof Manhattan as Climate Risk grows
President Donald Trump’s skepticism that climate change is the result of carbon-dioxide emissions from the use of fossil fuels means that the city can’t rely on federal funds unless someone else occupies the White House, New York Mayor Bill de Blasio said. Climate scientists overwhelmingly consider such emissions as the driver of rising global temperatures.
U.S. P/C industry’s net income jumped 70% in 2018
The improvement in net income and $6.2 billion in additional contributed capital was more than countered by a $99.7 billion decline in unrealized gains and $5.5 billion in additional stockholder dividends, resulting in industry surplus declining 0.6% to $741.0 billion from the end of 2017.
40 killed in New Zealand mosque shootings
Authorities have not elaborated on who they detained. But a man who claimed responsibility for the shootings left a 74-page anti-immigrant manifesto in which he explained who he was and his reasoning for his actions. He said he was a 28-year-old white Australian.
Boeing to upgrade 737 MAX stall prevention system in 10 days: Source
The company has previously characterised the software upgrades as an effort to make a safe plane even safer. Engineers are making changes to the system designed to prevent an aerodynamic stall if sensors detect that the jet’s nose is pointed too high and its speed is too slow. Satellite-based data showed that both the Ethiopian Airlines and Lion Air planes flew with erratic altitude changes that could indicate the pilots struggled to control the aircraft. Both crews tried to return to t ..
Trump Budget would cut Crop Insurance subsidies
The plan would trim the USDA budget by $3.6 billion to $20.8 billion, lowering subsidies for crop insurance premiums to 48 percent from 62 percent, and limiting subsidies for growers who make less than $500,000 annually.