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Boeing Directors Reach $237.5M Settlement of Shareholders’ 737 MAX Safety Lawsuit

Boeing Co. current and former company directors have reached a $237.5 million proposed settlement with shareholders to settle a lawsuit over the board’s safety oversight of the 737 MAX aircraft, documents released on Friday show. Following two fatal 737 MAX …

Allianz, European Investment Bank Back €500M Public-Private Climate Fund

GLASGOW – The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros ($577.55 million) for a fund aimed at bolstering climate mitigation and adaptation in developing countries. The Emerging Market Climate Action …

AXA’s Investment Arm to Divest Oil and Gas Climate Laggards After Three Years

GLASGOW – The fund arm of French insurer AXA said on Monday it would take a tougher line with oil and gas companies over their environmental impact, selling out of laggards after three years if their emissions-reduction plans were not …

Business Execs Optimistic COP26 Will Bring Changes Needed to Tackle Climate Change

A week into the United Nations’ high-profile climate conference in Glasgow, executives and financial analysts said they are optimistic the talks will lead to changes needed for business to play a bigger role in tackling climate change. The business observers …

Missouri State-Leased Office Fire Causes More Than $2.5 Million in Damages

A fire at a Missouri state-leased office building caused more than $2.5 million in damage, a report released by the State Fire Marshal’s Office shows.. Investigators couldn’t determine the exact cause of the Nov. 1 night fire that destroyed the …

Michigan to Pay $300,000 to Lone Staffer Fired Over Lead-Contaminated Flint Water

The state of Michigan said Nov. 4 it agreed pay $300,000 to settle wrongful discharge claims by the only employee who was fired as a result of lead-contaminated water in Flint. The deal with Liane Shekter Smith, who was head …

Louisiana Governor Addresses Climate Change Challenges at COP26

With his trip to an international climate change conference, Gov. John Bel Edwards acknowledged Louisiana’s obvious front-row seat to the problems of a warming planet while raising his profile on an issue few of the South’s top leaders promote. The …

Stampede at Houston Music Festival Kills Eight

The crowd at a Houston music festival suddenly surged toward the stage during a performance by rapper Travis Scott, squeezing fans so tightly together that they could not breathe or move their arms, witnesses said Saturday, hours after at least …

Marsh McLennan Buys Pelnik Insurance in NC

Marsh McLennan Agency, a subsidiary of Marsh, one of the largest insurance brokers in the world, has acquired Pelnik Insurance, a North Carolina independent agency, the company announced. Pelnik, founded in 1994, offers business insurance and employee benefits. It has …

Women Pay More for Car Insurance in Some States, Report Finds

Women 35 and older tend to pay more for automobile insurance, especially in Florida and Alaska, an insurtech company study found. Young men usually pay much more than young women do for car insurance. But by age 35, women are …

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