In Wichita, Kansas, nearly half of the roughly 10,000 employees at aircraft companies Textron Inc. and Spirit AeroSystems remain unvaccinated against COVID-19, risking their jobs in defiance of a federal mandate, according to a union official. “We’re going to lose …
Facebook Inc. announced on Tuesday it is shutting down its facial recognition system, which automatically identifies users in photos and videos, citing growing societal concerns about the use of such technology. “Regulators are still in the process of providing a …
The Supreme Court is declining to wade into a case involving transgender rights and leaving in place a lower court decision against a Catholic hospital that wouldn’t allow a transgender man to have a hysterectomy there. The high court turned …
U.S. insurers are increasingly listening to demands from stakeholders that they use social, environmental and governance factors in their decision-making. According to an AM Best survey, 6 in 10 companies are aware of greater demand from stakeholders to consider ESG …
American International Group and Blackstone said they have closed on the previously disclosed transaction for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business and for Blackstone to manage an initial $50 billion of Life & …
A California judge on Monday said he would rule against several large counties that accused four drugmakers of fueling the U.S. opioid epidemic, saying they failed during a trial to prove their $50 billion case. Orange County Superior Court Judge …
Corporate governance and investor data firm Institutional Shareholder Services Inc. said it has agreed to acquire Discovery Data, Inc., which provides data and analytics to the asset management, insurance and other financial services industries. No terms were disclosed. Based in …
The Federal Aviation Administration (FAA) has raised significant concerns about a plan to use spectrum for 5G wireless networks on aviation safety and is planning to issue a formal warning about the issue, according to sources and a letter seen …
Break up Big Tech? How about shrinking the tech companies’ shield against liability in cases where the content they push to users causes harm? Or creating a new regulator to strictly oversee the industry? Those ideas have captured official attention …
Hylant, a Toledo, Ohio-based insurance brokerage, has launched RoadPilot, a “pay as you go” hired non-owned program designed for the restaurant home food delivery industry. RoadPilot is an app-based technology that drivers install on their phones, according to a statement …
