Monthly Archives: <span>May 2016</span>

Uber Settles with Blind Riders over Service Animals

Uber and advocates for the blind have reached a lawsuit settlement in which the ridesharing company agrees to require that existing and new drivers confirm they understand their legal obligations to transport riders with guide dogs or other service animals, …

Alaska City Approves Ban on Texting While Driving

Sitka, Alaska officials have approved an ordinance that prohibits drivers from using their cellphones while driving. The measure approved by the Sitka Assembly last week bans more cellphone uses while driving than state law, which only prohibits texting while behind …

Supreme Court Denies BP Investors’ Class Action Over Losses Tied to Gulf Oil Spill

The U.S. Supreme Court on Monday declined a request from shareholders seeking to revive their class action lawsuit against BP claiming the British oil company misrepresented its safety procedures prior to the 2010 Gulf of Mexico oil spill. The court …

Facebook, CEO Zuckerberg and Paying to Protect Corporate Executives

Facebook Inc. revealed that it spent $4.26 million on security for Mark Zuckerberg last year, its first disclosure of such costs, and the highest among companies in the Standard & Poor’s 500 Index that have filed proxy statements for fiscal …

Timeline: From Teen to Octogenarian, How Buffett’s Wealth Has Grown

In 2016, it’s easier than ever to play the financial markets. From the explosion of online brokers to the rise of robo-advisors, armchair investors have dozens of tools just a few clicks or taps away. Daily trading is a snap. …

Express Scripts Has Plans to Deal with High Drug Prices

Express Scripts Holding Co. plans to introduce several benefit programs aimed at fighting high drug costs, including speeding up how quickly it moves insurer and employer customers to cheaper medicines after sudden price hikes, its chief medical officer said. Express …

AIG Selling $1.2 Billion Worth of Shares in China’s PICC P&C: Report

American International Group is offering for sale about $1.2 billion worth of shares in China’s PICC Property and Casualty Co. Ltd. (PICC P&C) in a block deal, IFR said on Saturday, citing a term sheet of the deal. AIG’s stake …

5 Reasons the ‘Primary and Noncontributory’ Requirement is Unethical, Ironic and Ridiculous

Several weeks ago I released an article questioning the need for the “primary and noncontributory” (PNC) requirement found in most construction contracts. I followed that article with a piece stating that the insurance industry should band together to save the …

S&P Expects UK to Vote to Stay in EU by Small Majority; Warns About Brexit

Ratings agency Standard & Poor’s said on Friday it expected Britons to vote to remain in the European Union by a small majority in a June 23 referendum, but that the risk of leaving was a negative for the country’s …

Australian Tech Entrepreneur Confirms He Is Bitcoin Creator: BBC Report

Australian tech entrepreneur Craig Wright told the BBC on Monday he was the creator of controversial digital currency bitcoin, ending years of speculation about a person who until now has gone by the name of Satoshi Nakamoto. The BBC said …