National News

Autonomous Truck Market Surging, Study Finds

The demand for autonomous trucks is estimated to increase from $3.3 billion in 2023 to reach $6.9 billion by 2028, according to a new study by BCC Research. Leveraging 2022 data as a baseline, the study projects estimated market data …

FuboTV Files Antitrust Lawsuit to Block Disney, Fox, Warner Sports Streaming Deal

Sports-focused streaming service FuboTV said on Tuesday it has filed an antitrust lawsuit against Walt Disney, Fox and Warner Bros Discovery over a planned sports streaming platform by the companies. Fubo alleges in a statement that the media companies have …

Supreme Court Leaves Intact Elite School’s Diversity Policy

A divided US Supreme Court refused to question an admissions policy at a competitive Virginia public high school, turning away contentions that the program was designed to reduce the percentage of Asian-American students. The rebuff is a blow to racial-preference …

Markets/Coverages: Vantage Risk Introduces U.S. Primary Casualty Insurance

Vantage Group Holdings Ltd., the Bermuda-based insurer and reinsurer, is offering U.S. primary casualty in addition to its existing Bermuda and U.S. excess casualty products, continuing the company’s expansion of specialty insurance capabilities. Vantage said its new U.S. Primary Casualty …

FTX Investors Sue Sullivan & Cromwell, Say Law Firm Aided Fraud

FTX investors sued Sullivan & Cromwell, accusing the law firm of aiding illicit schemes that helped advance a multi-billion dollar fraud before the crypto exchange’s collapse. Sullivan & Cromwell’s services “went well beyond those a law firm should and ordinarily …

Remote Workers Often First to Get Laid Off Despite Legal Risk

Remote workers are more likely to be laid off or miss out on promotion opportunities than their peers who work in the office or in hybrid environments, potentially exposing employers to costly discrimination lawsuits. A January survey from Live Data …

Update: Truist Agrees to Sell Rest of Insurance Arm to Stone Point, CD&R

Truist Financial Corp. agreed to sell a majority stake in its insurance brokerage business to a group led by Stone Point Capital and Clayton Dubilier & Rice. The all-cash transaction values Truist Insurance Holdings at $15.5 billion, the companies said …

Amazon Joins Companies Arguing NLRB Is Unconstitutional

Amazon.com has joined rocket maker SpaceX and grocery chain Trader Joe’s in claiming that a U.S. labor agency’s in-house enforcement proceedings violate the U.S. Constitution, as the retail giant faces scores of cases claiming it interfered with workers’ rights to …

FBI, UK Crime Agency Say They Have Disrupted LockBit Cyber Gang

A coalition of international law enforcement agencies, including the FBI and UK National Crime Agency, said they have disrupted LockBit, one of the most prolific hacker groups of all time, including shutting down websites the organization used for ransomware payments. …

JPMorgan, State Street Quit Climate Group, BlackRock Steps Back

JPMorgan Chase’s and State Street’s investment arms on Thursday both quit a global investor coalition pushing companies to rein in climate-damaging emissions, while BlackRock said it has transferred its membership to its international arm, limiting its involvement. The decisions together …

National News Archives by Month