Articles by Jonathan Stempel

Berkshire Insurance Units Take Q3 Hit from U.S. Hurricanes, Mexico Earthquake

Bad weather hurt Warren Buffett’s Berkshire Hathaway Inc. in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent drop in profit. Berkshire on Friday said it …

AIG, Insurer for Disney/ABC, Balks at Paying Part of ‘Pink Slime’ Settlement

American International Group Inc. on Thursday sued Walt Disney Co. to avoid having to reimburse the parent of ABC News for part of a settlement of a meat producer’s defamation lawsuit over a product that critics call “pink slime.” In …

Wells Fargo C-Suite Must Face Shareholder Lawsuit Over Fake Accounts: Judge

A federal judge said current and former Wells Fargo & Co. officers and directors, including Chief Executive Officer Tim Sloan, must face nearly all of a lawsuit by shareholders seeking to hold them personally liable for sales abuses and the …

Kmart Accused of Copyright Infringement Over Halloween Banana Costume

Kmart Corp. has been sued by a New Jersey company that accused the retailer of ripping off its full-body banana costume design for its “Totally Ghoul” banana men’s Halloween costumes. Rasta Imposta is seeking unspecified damages from Kmart and its …

Judge Allows Ex-AIG Leader Greenberg’s Defamation Claim Against Ex-AG Spitzer

Maurice “Hank” Greenberg, former chief executive of American International Group Inc., may pursue large parts of his defamation lawsuit against former New York Attorney General Eliot Spitzer, a New York state appeals court ruled. Wednesday’s decision by the Appellate Division …

Court Revives Whistleblower Claim Against Wells Fargo

Wells Fargo & Co. faces a new legal worry after a federal appeals court last Thursday revived a whistleblower lawsuit by two former employees who said they were fired for trying to report misconduct by lenders that the bank later …

Suit over Kona Beer Not Being Brewed in Hawaii Allowed to Proceed

Calling Hawaii “a state as well as a state of mind,” a federal judge refused to dismiss a lawsuit accusing the maker of Kona craft beer of misleading consumers into believing the beer was actually made in the 50th U.S. …

Judge Says Yahoo Must Face Data Breach Lawsuit

A U.S. judge said Yahoo must face nationwide litigation brought on behalf of well over 1 billion users who said their personal information was compromised in three massive data breaches. Wednesday night’s decision from U.S. District Judge Lucy Koh in …

Rubik’s Cube Maker Puzzled by Toys ‘R’ Us Knockoff

The Rubik’s Cube has delighted and confounded millions of players since Hungarian architecture professor Erno Rubik created it in 1974. Now the company that makes the twisting puzzle wants to stop the maker of Duncan yo-yos from selling an alleged …

SCA Promotions Wins March Madness Prize Insurance Fight Against Yahoo

Yahoo Inc. owes a prize promoter $5.5 million for backing out of a contract to pay $1 billion for predicting every winner in the 2014 NCAA men’s basketball tournament, and entering a similar contract with Quicken Loans Inc. and Warren …