Monthly Archives: <span>March 2018</span>

Jury Orders AndroGel Maker AbbVie to Pay $3M After Judge Rejected $150M

A U.S. jury on Monday ordered AbbVie Inc. to pay more than $3 million to a man who claimed the company misrepresented the risks of its testosterone replacement drug AndroGel, causing him to suffer a heart attack, though the jury …

More than 50,000 British Drivers Initiate ‘Dieselgate’ Suit Against VW

Lawyers for more than 50,000 British car owners kicked off a lawsuit against Volkswagen in London’s High Court on Tuesday in a battle for compensation over a diesel emissions scandal that has engulfed Europe’s largest carmaker since 2015. The three-day …

Ryder Rolls Out Commercial Vehicle Sharing Program

The sharing economy is coming to the truck rental industry. Truck leasing and rental firm Ryder System is launching an online sharing platform that offers fleet owners with idle vehicles the opportunity to rent their underutilized commercial vehicles to other …

Cyber Attacks Pose Biggest Threat to Swiss Financial System: Regulator

Cyber attacks pose the biggest threat to the Swiss financial system with risks from hacking incursions on the rise, watchdog FINMA warned on Tuesday, calling on Switzerland to step up its national defenses against the menace. “The risks connected with …

TMK Launches Cyber & Services Cover to Help Combat Evolving Cyber Threat

Tokio Marine Kiln (TMK), the London-based specialist and corporate insurance business, launched Cyber Ctrl, a new insurance and services policy to protect clients against the impact of cyber attacks. Addressing an overwhelming demand for more comprehensive coverage and prevention services, …

Brazil Adopts Law Regulating Ride-Hailing Apps, with Insurance Requirement

Brazil President Michel Temer on Monday signed into law a bill regulating car-hailing apps like Uber without vetoing any provisions. The law will allow local governments to institute rules for the services, although Congress had voted to eliminate more stringent …

Mastermind Behind ATM Malware Attacks Arrested in Spain

The mastermind behind malware attacks that programmed ATMs to spit out cash on demand and caused more than 1 billion euros ($1.2 billion) of losses, has been arrested in Spain. The leader of a criminal gang that carried out the …

Taming Technochauvinism and Accepting Computers Don’t Always Get Things Right

An algorithm can predict which passengers survived the sinking of the Titanic in April 1912 and can do so with 97 percent accuracy—a result that both demonstrates the power of artificial intelligence and, more subtly, points to its shortcomings. Artificial …

Supplier Claims Uber Disabled Its Safety Tech in Volvo That Caused Pedestrian Fatality

Uber Technologies Inc. disabled the standard collision-avoidance technology in the Volvo SUV that struck and killed a woman in Arizona last week, according to the auto-parts maker that supplied the vehicle’s radar and camera. “We don’t want people to be …

Ammonia Leak at South Carolina Meat Plant Forces Evacuation of Nearby Residents

Neighbors of a South Carolina processed meat plant are breathing easy again after being ordered to run from their homes ahead of a chemical leak. Multiple media organizations reported that the leak of anhydrous ammonia from the Carolina Pride plant …