Canada’s Insurance Sector Faces Deluge of Climate-Related Catastrophe Claims September 3, 2024 By Nivedita Balu Hotter summers in Canada that have sparked wildfires in tourist areas, intense hailstorms and thunderstorms with severe flooding in major...
Ride-Hailing Firm Lyft Hikes Service Fee for Rides as Insurance Costs Rise October 18, 2022 By Nivedita Balu Lyft Inc. is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs,...
Uber Says Lapsus$-Linked Hacker Responsible for Breach September 20, 2022 By Nivedita Balu Uber Technologies Inc said on Monday a hacker affiliated with the Lapsus$ hacking group was responsible for a cyber attack...
Musk Says He May Drop Twitter Deal if Fake-Account Data Not Provided June 6, 2022 By Nivedita Balu Elon Musk warned Twitter Inc. on Monday that he might walk away from his $44 billion deal to acquire the...
Tesla’s Musk Sees Safe Self-Driving Vehicle This Year and Humanoid Robot Next Year January 28, 2022 By Hyunjoo Jin and Nivedita Balu Tesla’s most important products this year and next will not be cars, Chief Executive Elon Musk said on Wednesday, but...
AIG Plans Sale of Life Business to Blackstone and in IPO July 14, 2021 By David French, Alwyn Scott and Nivedita Balu American International Group Inc. plans to use an IPO to sell part of its life and retirement business, while Blackstone...
Royal Caribbean Delays Cruise Launch After 8 Crew Test Positive for COVID-19 June 16, 2021 By Nivedita Balu Royal Caribbean Group said on Wednesday it would delay the inaugural sailing of its Odyssey of the Seas cruise liner...
Election Security: Retailers Board Up Stores Amid Fears Over More Civil Unrest October 21, 2020 By Lisa Baertlein, Richa Naidu and Nivedita Balu This time last year, shoppers on Chicago’s Magnificent Mile were waiting for Louis Vuitton to debut its whimsical holiday window...
As Coronavirus Threatens Gig Workers, Uber Presses for New Worker Classification March 25, 2020 By Tina Bellon and Nivedita Balu As independent contractors, U.S. ride-hail drivers for Uber and Lyft benefited from soaring trip demand and flexible work hours. But...
After Solar System Fires, Walmart Sues Tesla for ‘Widespread Negligence’ August 21, 2019 By Nichola Groom and Nivedita Balu Walmart Inc. on Tuesday sued Tesla Inc., accusing it of “widespread negligence” that led to repeated fires of its solar...