Government
Takata Must Pay Up to a Record $200M Over Defective Air Bags
The Japanese maker of air bags linked to the deaths or injuries of dozens of motorists has agreed to pay a U.S. civil penalty of up to $200 million and have an independent monitor oversee the ...
US and UK Will Jointly Test Global Financial Firms’ Cyber Security
The US and British governments will hold a joint exercise to test cyber security and information sharing arrangements involving global financial institutions, according to the UK National Computer ...
British Insurance Premium Tax Hike Worsens Situation for General Insurers
A tax hike on British motor and home insurance policies effective from Sunday is set to hit consumers and could trigger a fresh round of margin-squeezing price competition among general insurers. The ...
China and Germany Agree on Halt to Economic Cyber War
China and Germany agreed to work on stopping economic cyber spying between the two nations amid mounting concern that the thousands of small- and medium-sized companies that form the backbone of ...
Albanese to Exit as New York’s Financial Regulator Before End of Year
The acting head of New York's Department of Financial Services will step down before the end of the year, giving New York Governor Andrew Cuomo a run at reshaping a regulator that has levied billions ...
Wal-Mart Follows Amazon in Seeking Drone Permit for Home Delivery
Wal-Mart Stores Inc. applied Monday to U.S. regulators for permission to test drones for home delivery, curbside pickup and checking warehouse inventories, a sign it plans to go head-to-head with ...
Court Dismisses $15B Facebook User Privacy Lawsuit; Harm Not Specified
Facebook Inc. won dismissal of a $15 billion lawsuit accusing the company of secretly tracking the Internet activity of its users after they log off. U.S. District Judge Edward J. Davila in San Jose, ...
Lloyds, China’s Taiping Insurance to Team on Global Growth Plans
Lloyd's signed a memorandum of understanding with China Taiping Insurance Group intended to boost cooperation between "the world's only specialist insurance and reinsurance market and one of China's ...