News

Landlord in Maine Fire That Killed Six Begins Jail Sentence

The owner of a Maine apartment where six people died in a fire has begun serving his jail sentence for a safety code violation. Fifty-two-year-old Gregory Nisbet reported to Cumberland County Jail Wednesday. He was sentenced to serve a three-month …

Lloyd’s Provides Insurance for Cryptocurrency Storage

Kingdom Trust, a company that stores digital currency for investors, has secured insurance coverage through Lloyd’s of London to protect against theft and destruction of those assets, the company said on Tuesday. The move by Kingdom Trust, which has $12 …

Goldman Sachs Wants Whistleblower’s Claims Sent to Arbitration

Goldman Sachs Group Inc. says claims by a former executive that the bank retaliated against him for blowing the whistle on its failure to comply with anti-money-laundering policies should be heard outside of court or dismissed. The former executive, Chris …

Cape Town Drought Highlights Water Scarcity Risk to Vulnerable Cities Globally: UBS

Cape Town’s water crisis, which saw the drought-hit city come within 90 days of turning off the taps earlier this year, highlights the threats to South African companies from a repeat event and should serve as a warning to vulnerable …

Finding the Missing Pieces in the Condo Insurance Coverage Puzzle

Have you ever watched someone try to finish a jigsaw puzzle with pieces missing? There are still a few hundred pieces to place, but there is one open space in the middle of a grove of trees that beckons to …

Country Financial CEO Bock Plans to Retire in January

Kurt Bock will retire as chief executive officer of Illinois-based Country Financial effective January 31, 2019, after serving in the leadership role for seven years. The company said a search for his successor is underway. Bock has been chief executive …

Ban on Publishing Blueprints for 3-D Guns Extended by Judge

A U.S. judge extended a ban on publishing blueprints for 3-D printed guns online, handing a procedural victory to states and gun-control groups that argue the practice will make it easy for criminals and terrorists to get their hands on …

Startup’s Newest Employee Benefit, Stem Cell Storage, Could Last Forever

As MyCrypto mulled what benefits to offer employees, the new blockchain startup asked them what they wanted. “Surprisingly, we found that the traditional health benefits and 401(k) benefits—they had no interest in those,” said Taylor Monahan, the company’s founder and …

Harvard Blasts Plaintiff in Seeking Dismissal of Admissions Discrimination Claim

Harvard University said a lawsuit by Asian-Americans who claim the school discriminated against them during the admissions process should be dismissed because their arguments are based on “invective, mis-characterizations and in some cases outright misrepresentations.” The Ivy League school told …

No-Deal Brexit Won’t Be ‘End of the World’: UK Prime Minister

The U.K. can still make a success of Brexit if it tumbles out of the European Union without a deal, Prime Minister Theresa May said, striking an upbeat tone as the clock ticks down on Britain’s departure from the bloc. …

News Archives by Month