Monthly Archives: <span>April 2016</span>

Wal-Mart Settles Utah Suit Over Firing of Disarming Workers

A group of former Wal-Mart workers in Utah who said the company violated their right to self-defense by firing them for disarming suspected shoplifters has settled their lawsuit against the mega-chain. The workers argued that Wal-Mart’s policy barring workers from …

AXA in Talks to Sell Most of UK Life Insurance & Wealth Investment Units: Sources

AXA SA, France’s largest insurer, is in talks to sell most of its U.K. life-insurance and wealth-investments units, according to two people with knowledge of the matter. AXA is likely to sell parts of the businesses, known collectively as AXA …

New York Playwright Seeks $20M in Damages Over ‘Barbershop’ Movie

A New York playwright filed a lawsuit on Monday claiming $20 million in damages and seeking to block Friday’s opening in movie theaters of “Barbershop: The Next Cut,” the fourth of a series of comedies that he claims rips off …

Many Chinese Patients Forced to Buy Hospital Appointment Tickets from Scalpers

As day breaks, hundreds of patients wait to see doctors in a queue that snakes around the Peking Union hospital in Beijing. Many will wait in vain – “scalpers” like Yu Wei have already illegally bought and sold appointment tickets …

Jury to Decide If Led Zeppelin Ripped Off ‘Stairway to Heaven’ Licks

Led Zeppelin founders Jimmy Page and Robert Plant lost their bid to avoid a trial that may rewrite the history of rock n’ roll over song-writing credit for the 1971 classic “Stairway to Heaven.” A federal judge in Los Angeles …

Hedge Fund Managers Benefit from Fee-Paying Reinsurer Units

Stock pops or stock drops, there’s always been at least one winner when it comes to Daniel Loeb’s reinsurance company: Daniel Loeb’s hedge fund. Loeb’s Bermuda-based Third Point Reinsurance Ltd. paid $98.8 million since 2013 to the entities that manage …

Low Interest Rates, Soft Market Pricing Hit London Market Insurers: Fitch

The negative impact of low interest rates and soft market pricing on London market insurers has been partially offset by low levels of large claims, according to Fitch Ratings in a special report. London market insurers tend to hold a …

Skuld Lloyd’s Syndicate 1897 Appoints 2 Marine Hull Underwriters

Skuld, the Oslo, Norway-based marine insurance provider, announced the recruitment of Paul Fry and Sarah Wilson to Skuld’s Lloyd’s Syndicate 1897, the specialist marine and energy syndicate. Fry joins as deputy active underwriter and class underwriter for hull, and Wilson …

BAE Uses Cyber Skills Developed in British Intelligence Services to Help Clients

In January, BAE Systems Plc got a routine call from a new client: The health-care company’s computer systems were mysteriously crashing. BAE’s sleuths soon discovered a dangerous new strain of a virus called Qbot. Using skills honed via years of …

Sex Claim Filing Against Dershowitz a Mistake, Say Florida Lawyers; Defamation Claims Settled

Prominent U.S. lawyer Alan Dershowitz and two victims’ rights attorneys on Friday withdrew claims from a Florida court that they defamed each other during a legal fight about a woman who said she was trafficked for sex as an underage …