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New Mexico Seeks $47.8M Fine for Excess Air Pollution by Natural Gas Processor

New Mexico environmental regulators have issued a $47.8 million fine on allegations of excess air pollution at a natural gas processing facility in a prolific oil production region near the Texas state line. The state Environment Department issued the sanctions …

Earthquakes Under a Volcano Near Alaska’s Largest City Raise Concerns

An increase in the number of earthquakes under a volcano near Alaska’s largest city this year has geologists paying attention. Mount Spurr, about 80 miles northwest of Anchorage, last erupted in 1992, spewing an ash cloud nearly 12 miles into …

Executive of Tyler Perry Studios Dies When Plane He Was Piloting Crashes in Florida

(AP) — The president of Atlanta-based Tyler Perry Studios died Friday night when the small plane he was piloting crashed on Florida’s Gulf Coast. The studio confirmed on Saturday that Steve Mensch, its 62-year-old president and general manager, had died. …

Jury Awards $310M to Parents of Teen Who Fell from Orlando Amusement Park Ride

ORLANDO, Fla. (AP) — The parents of a 14-year-old Missouri boy who fell to his death from an Orlando amusement park ride in 2022 have won a $310 million verdict against the attraction’s Austrian builder. Late Thursday, the Orange County …

Gallagher to Buy AssuredPartners for $13.5B to Increase Mid-Market Reach

Arthur J. Gallagher this morning said it has entered into an agreement to acquire AssuredPartners for $13.45 billion cash to expand its reach in the U.S. middle-market property/casualty and employee benefits space. “We have held in high regard the fast-growing …

Tepco Removes Nuclear Fuel Debris From Fukushima Disaster Site

Japanese utility Tokyo Electric Power Co. said it removed nuclear fuel debris left inside a reactor in a demonstration at its Fukushima power plant, 13 years after a meltdown. Radioactive debris was removed from unit 2 at Fukushima Dai-ichi Nuclear …

Global Temperature Set to Surpass 1.5C Threshold in Hottest Year on Record

This year is “effectively certain” to be the warmest on record with temperatures climbing above a closely watched threshold for the first time. The average global temperature reached 1.62C above pre-industrial levels in November, according to the EU-funded Copernicus Climate …

Ex-Allianz Fund Manager Avoids Jail Over $3 Billion Collapse

A former Allianz SE hedge-fund manager avoided prison and will instead spend 18 months in home confinement for fraudulently inflating the value of funds that ultimately collapsed, resulting in $3.2 billion in investor losses. Gregoire Tournant, the former chief investment …

Allianz Pauses Talks With Amundi Over Control of Asset Manager

Allianz SE has temporarily halted talks with Amundi SA over combining its Allianz Global Investors asset management arm with the French company. The two sides were unable to agree on a deal structure, including control of the combined entity, according …

CFPB Claims Supervision Over Google Unit, Which Promptly Sues

The Consumer Financial Protection Bureau said it’s claiming supervisory authority over Google Payment Corp., as the agency extends its oversight of nonbank financial platforms. The unit of Alphabet Inc. promptly filed a lawsuit to fight the move. The CFPB’s finding, …

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