Samsung is recalling more than 1.12 million electric ranges used for stovetops after reports of 250 fires and dozens of injuries. According to a last Thursday notice from the U.S. Consumer Product Safety Commission, these slide-in ranges have front-mounted knobs …
Goldman Sachs’ fund division is to leave investor engagement group Climate Action 100+, joining other financial services companies which have pulled out amid a political backlash in the United States. U.S. members of global climate-focused coalitions have come under pressure …
Ford Motor and Mazda issued advisories to drivers of certain vehicles still affected by faulty Takata airbags and inflators that can cause potentially severe or fatal injuries. The National Highway Safety Administration has previously warned that air bag inflators could …
James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it’s up for renewal this fall. He’s been …
Hiscox, the global specialist insurer, has launched the London insurance market’s first lead underwriting platform enhanced by generative AI, aiming to provide sabotage and terrorism insurance quotes to customers faster and more efficiently than ever before. Initially developed as a …
The 22 acquirers that make up the Sica Fletcher Index were involved in 242 agent-broker deals in the first six months of 2024, totaling $635 million in revenue. That is a 45% drop in revenue from what was acquired during …
The U.S. Securities and Exchange Commission on Monday sued the cryptocurrency company NovaTech and its married co-founders, saying they fraudulently raised over $650 million from more than 200,000 investors worldwide, including many Haitian-Americans. NovaTech and co-founders Cynthia and Eddy Petion …
Johnson & Johnson has cleared a key hurdle for advancing a $6.5 billion plan to resolve thousands of lawsuits by people who say its baby powder gave them cancer, according to people familiar with the matter. More than 75% of …
For conservative groups, losing big at company annual meetings is still winning. That’s because their growing presence at the shareholder gatherings is simultaneously disrupting management plans and generating headlines, even as their proposals to end corporate diversity programs attract scant …
A lawsuit stemming from the Titan submersible disaster felt inevitable, but winning a big judgment against the owner of the vessel could be very difficult, legal experts said on Thursday. The family of French explorer Paul-Henri Nargeolet, one of five …
