reputational damage News

Genoa Bridge’s ‘Unusual’ Design Investigated as Possible Contributor to Collapse

The bridge that collapsed in the Italian port city of Genoa was considered a feat of engineering innovation when it was built five decades ago, but it came to require constant maintenance over the years. Its design is now being …

Benetton Family’s Wealth Drops by $2B After Genoa Bridge Disaster

Fallout from the Genoa bridge disaster has erased about $2 billion of net worth from one of Italy’s richest families. The billionaire Benettons control 30.25 percent of Atlantia SpA, the construction company and toll-road owner that operated the Morandi Bridge …

Engineering Study Last Year Warned Operator About Stability of Genoa Bridge: Reports

An engineering study commissioned by Italian highway operator Autostrade last year warned about the state of the concrete-encased cable stays that held up a bridge that collapsed this week in Genoa, two Italian newspapers reported on Friday. Autostrade per l’Italia, …

Italy Bridge Operator’s Shares Drop After Disaster; Supply Chain Impact Expected

Italy’s biggest toll-road operator came under heavy stock-market attack on Thursday after Rome criticized it for a deadly bridge collapse this week, moving to revoke its concession and accusing it of failing to ensure the viaduct’s safety. An 80-meter-long section …

Italy Government Blames Genoa Bridge Operator as Collapse Death Toll Rises

Rescuers hunted for survivors among towering slabs of wreckage on Wednesday after a bridge collapse that killed 39, as furious government ministers rounded on the viaduct’s operator, saying it should pay fines and compensation and lose its concession. The 50-year-old …

UK Retailer Dixons Carphone Reveals 2017 Cyber Attack Hit 10 Million Data Records

British electricals and mobile phone retailer Dixons Carphone said on Tuesday that about 10 million records containing personal data of customers may have been obtained in a cyber attack in 2017, much higher than its earlier estimates. The company, which …

Jury Awards $1.25 Million in University Harassment Case But Denies Retaliation Claim

A jury awarded $1.25 million to a former Columbia University finance professor whose senior colleague sent dozens of emails disparaging her to industry professionals after she lodged a harassment complaint against him. The verdict is a fraction of the $16 …

Tokyo Prosecutors Have Indicted Kobe Steel Over Data Falsification Scandal

Tokyo prosecutors indicted Kobe Steel Ltd. over the faked data crisis that rocked Japan’s manufacturing industry last year. The company was indicted on suspicion of breaching Japan’s unfair competition law in connection with falsified inspection reports for the year through …

Australia’s Scandal-Ridden CBA Overhauls Business, Eyes Sale of Insurance Arm

Commonwealth Bank of Australia said it would hive off its wealth management and mortgage broking businesses, and explore whether to divest its general insurance arm, as it narrows its focus down to traditional lending. Australia’s biggest bank also unveiled a …

Massive Cyber Attack of UK Retailer Dixons Carphone Prompts Data Watchdog Probe

The U.K.’s data-protection watchdog said it’s investigating a cyber attack at Dixons Carphone Plc that affected almost 6 million payment cards. The retailer, already struggling with a slowing mobile-phone market in the U.K. and the rise of Amazon.com Inc., said …