Facebook Inc. on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the group a social media platform to further its terroristic goals. The 2nd U.S. Circuit Court …
Oklahoma’s attorney general on Wednesday made his final bid to force Johnson & Johnson to pay $17 billion for its part in fueling the opioid epidemic, saying the drugmaker’s “egregious” marketing caused an oversupply of addictive drugs and overdose deaths. …
Bayer AG has scrapped plans for wide sales next year of a chemical that is intended to protect U.S. crops from yield-robbing worms, citing ongoing safety concerns. The decision is the latest setback for Germany-based Bayer following its acquisition of …
A group of U.S. senators on Wednesday questioned the Federal Aviation Administration oversight of Boeing Co.’s 737 MAX as the agency defended the longstanding practice of deferring much of the process of certifying new aircraft to manufacturers. At a Senate …
Capital One Financial Corp., in recent years, has beat the drum every chance it got: The cloud is cheaper. The cloud is faster. And the cloud is far more secure. Then a hacker got into the cloud, siphoning off sensitive …
Space rockets and satellites are likely to cost more to insure after the European Vega rocket crash this month, which hit insurers with a record space market loss of 369 million euros ($411.21 million), insurance industry sources say. The Vega …
The Allstate Corp. said its second quarter results show that its strategy of increasing its market share in property and liability insurance products while also expanding into other protection products is working. Overall net income was $821 million compared to …
Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of the losses their company would incur in a cyber attack. Many of the losses they foresee, however, are rarely covered …
Five major retailers, including Amazon.com Inc and Walmart Inc, were sued on Tuesday by the University of California over what it called the “existential threat” when foreign manufacturers infringe schools’ patents. Amazon, Walmart, Target Corp., Ikea AB and Bed Bath …
Capital One Financial Corp.’s assurances that a major data breach would have a limited impact on customers or profit failed to convince investors on Tuesday, with the bank’s shares closing down 5.9%. Capital One said the prior day that 106 …
