National News

Progress Slows on Path to Gender Parity in the Board Room

Almost extinct are the days when only men sat on U.S. corporate boards. But the speed at which boards have brought more women to the table has slowed, and it’s likely to be a decade before boards are evenly split …

Cyber Firm: At Least 6 U.S. State Governments Hacked by China

Hackers working on behalf of the Chinese government broke into the computer networks of at least six state governments in the United States in the last year, according to a report released Tuesday by a private cybersecurity firm. The report …

Biden Orders Government to Study Digital Dollar, Other Cryptocurrency Risks

U.S. President Joe Biden signed an executive order on Wednesday requiring the government to assess the risks and benefits of creating a central bank digital dollar, as well as other cryptocurrency issues, the White House said. Bitcoin surged on the …

U.S. House Panel Refers Amazon to Justice Department Amid Competition Probe

Five members of the U.S. House Judiciary Committee have asked the U.S. Department Of Justice (DOJ) to investigate Amazon.com Inc for “potentially criminal conduct” by the company and some of its senior executives. In a letter to the Attorney General …

Google Boosts Cloud Security With $5.4 Billion Mandiant Deal

Alphabet Inc’s Google is buying cybersecurity firm Mandiant Inc for $5.4 billion in a deal that could trigger a “ripple effect” as cloud rivals Microsoft and Amazon also ramp up efforts to fortify the fast-growing business. A shift to remote …

BMW Recalling Over 1 Million U.S. Worldwide On Engine Fire Concerns

BMW will recall 1.03 million worldwideover potential fire risks, the German automaker said on Wednesday, its third recall over the issue since 2017. The new recall involves numerous vehicles built between 2006 and 2013, including some 1 Series, 3 Series, …

SEC Weighs Four-Day Deadline for Firms to Disclose Major Hacks

Companies would face more pressure to alert the public of hacks or other significant cybersecurity incidents under a new plan from the U.S. Securities and Exchange Commission. The SEC will consider a proposal on Wednesday that would require publicly-traded firms …

Tesla Tells U.S. Lawmakers Autopilot Requires ‘Constant Monitoring’

Tesla Inc. defended the safety benefits of its advanced driver assistance system Autopilot and its Full Self-Driving (FSD) capability but acknowledged they require “constant monitoring and attention of the driver.” Democratic Senators Richard Blumenthal and Ed Markey wrote Tesla Chief …

Insurtechs Kin, Talage Report Successful New Financing Rounds

Kin Announces $82M First Close in Series D Financing Direct-to-consumer home insurance company Kin Insurance last week announced the $82 million first close of its Series D round, with additional commitments for a second close totaling $18 million. The funding …

Insurers Refuse to Pick Up Bill for Billions in Opioid Claims

A multibillion-dollar bill is coming due for the U.S. opioid epidemic and insurers for some of the largest drug makers, distributors and pharmacies are refusing to help pay for it. A Delaware Supreme Court ruling in January has emboldened insurers …

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