National News

J&J’s Victory Over Cancer Victims Clears Path for 3M, Others

A court ruling allowing Johnson & Johnson to use a controversial bankruptcy strategy to force cancer victims into potential settlement talks has raised the odds that other companies facing costly product-liability claims like 3M Co., and Dow Inc. may follow …

U.S. Regulators Slow Consideration of Climate Impact of New Gas Projects

U.S. regulators on Thursday delayed requirements to consider greenhouse gas emissions before approvals of gas projects, after lawmakers complained the policy would harm the industry just when European allies need gas due to the crisis in Ukraine. Federal Energy Regulatory …

Omicron Sidelined 7% of Restaurant Chain’s Workers in January

One of the largest restaurant chains in the U.S. said that more than 13,000 employees missed work in January, due to the omicron variant of the coronavirus. Orlando-based Darden Restaurants, owner of Olive Garden, LongHorn Steakhouse and other restaurants, said …

FDA Details Problems at Plant Behind Recalled Baby Formula

Baby formula maker Abbott failed to maintain sanitary conditions and procedures at the Michigan manufacturing plant recently linked to a cluster of infant illnesses, according to findings released Tuesday by federal safety inspectors. The Food and Drug Administration posted its …

Chubb Must Pay Target for Breached Bank Cards After Court Reversal

In an “extraordinary remedy” of a judgment from a year ago, a federal court judge in Minnesota reversed a decision that Target Corp. was not entitled to insurance coverage from Chubb for costs the retailer incurred to replace payment cards …

Biden’s Russia Cyber Warning Befuddles Ill-Prepared Businesses

A day after U.S. President Joe Biden issued a stark warning that a Russian cyberattack “is coming,” members of his administration hosted a three-hour call with about 13,000 people representing businesses, public agencies and other organizations to discuss the potential …

SEC Claims Authority to Subpoena Elon Musk About Tweets

U.S. securities regulators say they have legal authority to subpoena Tesla and CEO Elon Musk about his tweets, and that Musk’s move to throw out a 2018 court agreement that his tweets be pre-approved is not valid. The Securities and …

People Moves: Godhwani, Bresnahan Assume New Top Posts at BHSI; Big I’s Flannagan to Retire; Aon Names Merlo as Claims Leader

Berkshire Hathaway Specialty Insurance Names Top Leaders Berkshire Hathaway Specialty Insurance (BHSI) announced Sanjay Godhwani has been named president, North America region, and David Bresnahan will take on the role of global chief operating officer. Peter Eastwood, president and CEO, …

Teen Suspected by Cyber Researchers of Being Lapsus$ Mastermind

Cybersecurity researchers investigating a string of hacks against technology companies, including Microsoft Corp. and Nvidia Corp., have traced the attacks to a 16-year-old living at his mother’s house near Oxford, England. Four researchers investigating the hacking group Lapsus$, on behalf …

U.S. Fuelmakers on Hook for Vehicle Emissions in New SEC Rule

U.S. drillers and refiners will likely need to report estimated greenhouse gas emissions from the cars, trucks, planes and ships that use their fuel if a rule proposed by U.S. regulators on Monday passes later this year, according to industry …

National News Archives by Month