The legal tussle around special purpose acquisition companies (SPACs) intensified on Friday as a group of U.S. law firms hit out against lawsuits last week that called for blank-check firms to be regulated as investment companies. SPACs are acquisition vehicles …
A $100 million fix to stop a San Francisco luxury high-rise from sinking and tilting even more is on hold while engineers try to learn why the building has sunk another inch during the repair. Doug Elmets, spokesman for the …
A cafe in Scotland’s capital where author J.K. Rowling wrote some of the Harry Potter books has been damaged in a fire. The Elephant House in Edinburgh suffered smoke and water damage after a blaze broke out at the patisserie …
The U.S. Federal Reserve faces a long slog if it hopes for the country’s labor force participation rate to climb back to pre-pandemic levels according to new research identifying a participation “cycle” that typically lags falling unemployment rates by nine …
OneDegree, a Hong Kong-based insurance technology company, raised $28 million in a new round of funding as the startup looks to expand in Asia. Sun Hung Kai & Co. and AEF Greater Bay Area Fund took part in the series …
A jury in Las Vegas, Nev., has awarded $38.8 million in damages to the family of an 11-year-old girl who was fatally hit by a trash truck as she walked home from school in February 2017. The Clark County District …
South Dakota Attorney General Jason Ravnsborg pleaded no contest on Aug. 26 to a pair of misdemeanor traffic charges over a crash last year that killed a pedestrian, avoiding jail time despite bitter complaints from the victim’s family that he …
Louisiana Gov. John Bel Edwards has asked President Joe Biden for a Presidential Major Disaster Declaration due to the severe impact from Hurricane Ida, which slammed into Louisiana’s coast on Aug. 29 in Port Fourchon as a Category 4 storm …
Hurricane Ida, with its high winds, floods and intense storm surge, not only will likely damage the energy-heavy Gulf Coast economy, its economic consequences could extend well beyond the region. The Gulf is not only a major base for oil …
Severe wind, surge inundation and extended heavy rainfall endanger more than 941,000 homes with a reconstruction cost value of all at-risk homes totaling more than $220 billion, catastrophe modeling firm CoreLogic reported on Sunday. The central Louisiana coast is at …
