Facebook faces a rough road ahead with Libra, but defections by high-profile partners are still unlikely to spell the end for the digital currency. On Friday, Visa and MasterCard announced their departures from the Libra project, as did e-commerce giant …
Authorities say two workers were accidentally electrocuted at a townhouse construction site in central New Jersey, leaving one dead and the other critically injured. A third worker suffered burns in the accident, which occurred around 8 a.m. Friday in Woodbridge. …
New York is seeking compensation for flood damage in Lake Ontario shoreline communities in a lawsuit against the international body that regulates waterways between the United States and Canada, New York Governor Andrew Cuomo announced Wednesday. Cuomo said the International …
Worsening dry conditions affecting Virginia have prompted Governor Ralph Northam to place the state under a drought watch. The watch issued Friday advises residents, local governments and businesses to use less water. It is meant to get people ready in …
Johnson & Johnson has taken some costly beatings in court this year. And it could get worse. Just last week, a jury ordered J&J to pay $8 billion for wrongfully pushing doctors to prescribe the anti-psychotic drug Risperdal. While the …
Arthur J. Gallagher & Co. announced the acquisition of Helsingborg, Sweden-based insurance broker Proinova. The terms of the transaction were not disclosed. Founded in 1989 by CEO Sten Eriksson, Proinova specializes in delivering group solutions for the real estate sector, …
Hurricane Dorian made landfalls in the Bahamas, North Carolina, and Canada in early September, bringing total economic and insured losses in the billions, according to Aon’s monthly Global Catastrophe Recap report. Total economic and insured losses in the Bahamas alone …
German carmaker Daimler is recalling hundreds of thousands of Mercedes-Benz vehicles including Sprinter van models over diesel emissions issues. Daimler said late on Friday that Germany’s road traffic regulator KBA has concluded hearings over certain Mercedes-Benz vehicles with so-called OM651 …
AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Hurricane Dorian, Japanese typhoons and other weather-related events in the range of $150 million to $175 million, net of estimated recoveries from reinsurance and retrocessional covers, and including the …
North Carolina health officials have confirmed a second death from Legionnaires’ disease linked to a hot tub display at a fair. The Division of Public Health in the N.C. Department of Health and Human Services says that as of Wednesday, …
