Western Digital Owes $315.7M for Infringing Data Security Patent, Jury Says October 21, 2024 By Blake Brittain Data storage provider Western Digital must pay $315.7 million in damages for violating a patent owner’s rights in data security...
ESG’s Appeal Fades in Emerging Markets as Profit Seeking Eclipses Virtue October 21, 2024 By Zijia Song Sustainable investments in emerging markets are facing a reckoning as environmental, social and governance strategies crumble under the weight of...
Walmart Reaches Settlement in Shareholder Lawsuits Over Handling of Opioids October 21, 2024 By Anne D'Innocenzio Walmart said Friday it has reached a proposed settlement pact related to three lawsuits filed by shareholders on behalf of...
Sudanese Nationals Accused in ‘Anonymous Sudan’ Cyberattacks October 18, 2024 By Margi Murphy Two Sudanese nationals were indicted by US prosecutors for their alleged participation in a group known as “Anonymous Sudan” that...
J&J Talc Settlement Holdouts Accuse Company of Buying Votes October 18, 2024 By Steven Church People who voted to settle their baby power-related health claims against Johnson & Johnson should have their ballots thrown out...
Tesla ‘Full Self-Driving’ Faces Defect Probe After Fatality October 18, 2024 By Craig Trudell The US opened a federal investigation into whether Tesla Inc.’s partial-automation system marketed as Full Self-Driving is defective after a...
Insurance Execs See Gen AI Necessary To Compete; Customers Wary October 18, 2024 Insurance industry investments in generative AI are expected to surge by over 300 percent from 2023 to 2025 as organizations...
McKinsey to Pay at Least $500 Million in DOJ Opioid Probe October 18, 2024 By Ambereen Choudhury, Sabrina Willmer and Chris Strohm McKinsey & Co. is nearing a deal with US prosecutors to pay at least $500 million to settle federal probes...
Moody’s RMS, CoreLogic Add to Modelers’ Take on Milton Insured Losses October 18, 2024 By Chad Hemenway Moody’s RMS has pegged private insured losses from Hurricane Milton to between $22 billion and $36 billion, with a best...
Allstate Reports $1.7B in Q3 Pretax Catastrophe Losses, $630M From Helene October 17, 2024 Allstate Corp. doesn’t announce third quarter earnings until Halloween but today it released some scary September pretax catastrophe losses. In...