Global Economy
Bristol-Myers Defeats Gilead, Winning $752M in U.S. Patent Case
Bristol-Myers Squibb Co on Friday said it won a $752 million jury verdict against Gilead Sciences Inc in a U.S. patent dispute relating to technology for treating cancer. A jury in Los Angeles ...
Google/Alphabet Pursues Mediation to Settle Investor Suits Over Sex Harassment
Alphabet Inc. is pursuing mediation to settle investor litigation alleging the company let senior leaders at Google get away with sexual harassment and misconduct for years. Company directors this ...
Bermuda Gains Reciprocal Status With U.S. Starting Jan. 1, 2020
Bermuda's insurance market gains reciprocal status with the U.S. as of Jan. 1, 2020, something that industry and business groups there are celebrating as they countdown to the new year. Reciprocal ...
North Korean Hackers, Eastern European Cyber Criminals Reportedly Teaming Up
North Korean state-backed hackers appear to be cooperating with Eastern European cybercriminals, a report said on Wednesday, a finding that suggests digital gangsters and state-backed spies are ...
Royal Caribbean Liability for Volcano Deaths Could Hing on ‘Act of God’ Defense
Royal Caribbean Cruises Ltd's potential liability for a deadly excursion to a volcanic island in New Zealand could hinge on whether the eruption was an unforeseeable "act of God," according to ...
Low Interest Rates Could Dent French P/C Insurers Profits in 2020: Moody’s
The 2020 outlook for the French insurance sector is negative, reflecting growing pressures on the property/casualty insurers' profitability from low interest rates, Moody's Investors Service said in ...
Tesla Rear-Ends Parked Cop Car While Operating on Autopilot
Another Tesla Inc. vehicle operating on the carmaker's driver-assistance system branded as Autopilot has crashed into a parked emergency vehicle, eliciting fresh warnings about the shortcomings of ...
Insurers Puzzle Over Risks Shipping Industry Faces With New Pollution Rules
Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks. To reduce emissions of toxic sulfur that cause premature deaths, shipowners who ...