Risk
Friday Afternoon Cyber Scam Cost Hedge Fund $1.2M and CFO’s Job
The finance chief at Fortelus Capital Management LLP got an alarming phone call just as he was getting ready to leave work on a Friday. The caller said he was from Coutts, the London-based hedge ...
Group Backed by Tesla’s Musk Probing Artificial Intelligence Risks
Tesla Motors Inc. Chief Executive Officer Elon Musk has turned his worries about the rise of artificial intelligence into an international research program. The Musk-backed Future of Life Institute ...
Move Over Uber Drivers: Autonomous Taxis Offer Green Benefits
According to a new study from Lawrence Berkeley National Laboratory (Berkeley Lab), a system of driverless taxi fleets would both be cost-effective and greatly reduce per-mile emissions of greenhouse ...
Credit Insurers Refusing New Coverage to Greek Customers
Credit insurers are refusing to offer new cover to companies carrying out trade with Greece because of uncertainty over the solvency of Greek customers hit by capital controls, a Greek importer told ...
Fracking Officially Banned in New York, Ending Seven-Year Review
New York formalized its ban on high-volume hydraulic fracturing for natural gas on Monday, concluding a seven-year environmental and health review that drew a record number of public comments. "After ...
Disney Joins Tourist Sites Banning Selfie Sticks
Walt Disney Co. started banning selfie sticks at its theme parks around the world, joining a growing list of attractions that restrict the camera accessories for safety reasons. As of last Tuesday, ...
Asiana Airlines Reportedly Faces New Class Action Suit Over 2013 Plane Crash
South Korea's Asiana Airlines Inc is facing a new class action suit from passengers on a plane that crashed in San Francisco in 2013 that seeks a combined $30 million in damages, a lawyer for the ...
Liberty Mutual Launches Telematics Option For Home Smoke Alarms
Liberty Mutual Insurance hopes to advance the use of telematics in the home, with promises of extra discounts to customers who use a high-tech smoke and carbon monoxide alarm and agree to share the ...