Monthly Archives: <span>May 2018</span>

Reuters: China’s Ant Financial Raises $10 Billion at $150 Billion Valuation

Ant Financial Services Group, operator of China’s biggest online payment platform by market share, Alipay, has closed its latest funding round having raised $10 billion from a clutch of global and local investors, five people with direct knowledge of the …

2 Banks Report First Cyber Attack Against Canadian Financial Institutions

Bank of Montreal and Canadian Imperial Bank of Commerce said on Monday that cyber attackers may have stolen the data of nearly 90,000 customers in what appeared to be the first significant assault on financial institutions in the country. Bank …

FEMA Reorganizing, Top Jobs Unfilled as Hurricane Season Gets Underway

With the hurricane season beginning, top jobs at the U.S. Federal Emergency Management Agency remain vacant and critics say that will make it harder for the government to respond to disasters. FEMA lacks a second-in-command and three of four associate-administrator …

Beyond Wedding Cakes: LGBT Lawsuits Challenge Employee, Business, Religious Rights

A flood of lawsuits over LGBT rights is making its way through courts and will continue, no matter the outcome in the Supreme Court’s highly anticipated decision in the case of a Colorado baker who would not create a wedding …

Tesla Settles Class Action Over ‘Inoperable’ Autopilot Features

Tesla Inc. on Thursday reached an agreement to settle a class action lawsuit with buyers of its Model S and Model X cars who alleged that the company’s assisted-driving Autopilot system was “essentially unusable and demonstrably dangerous.” The lawsuit said …

Florida Judge Rules State’s Smokable Medical Marijuana Ban Unconstitutional

Florida’s ban that prevents medical marijuana patients from smoking their cannabis has gone up in smoke. Leon County Circuit Court Judge Karen Gievers on Friday ruled that a state’s ban on smokable cannabis is unconstitutional. Florida’s Department of Health said …

Explosion of Oil Tanks in West Virginia Sends 4 to Hospital

Four people have been hospitalized after oil tanks exploded in West Virginia. News outlets report a company was removing three oil tanks in West Union on Friday when the tanks exploded. West Virginia Department of Environmental Protection spokesman Jake Glance …

North Carolina Construction Worker Killed in Fall From Elevator in 33-Story Tower

A construction worker has died after falling out of an elevator on the 19th floor of a structure being built in North Carolina’s largest city. Charlotte-Mecklenburg police said 24-year-old Juventino Mata-Hernandez was working on a 33-story tower when he died …

France’s Bordeaux, Cognac Wine Regions Damaged by Violent Hail Storms

Violent hailstorms ravaged parts of the Bordeaux and Cognac wine regions of southwest France on Saturday, doing major damage to hundreds of vineyards with thousands of hectares of vines destroyed, producers said on Monday. This comes just a year after …

Report Blames PG&E Power Lines for 4 of Northern California Wildfires

PG&E Corp.’s equipment was responsible for causing four of the smaller wildfires that tore through Northern California last year, according to the first report issued by state investigators. The fires in Butte and Nevada counties, located in the Sierra Nevada …