Government
Lloyd’s Tallies $4.6 Trillion in At-Risk GDP in 301 Cities
In the first-ever Lloyd's City Risk Index, analyzes the economic output at risk (GDP at risk) in 301 major cities from 18 manmade and natural threats over a ten-year period. It concludes that "$4.6 ...
Division Between Rich & Poor Nations Highlighted as Climate Talks Resume
Just days before global negotiators were set to meet for talks on climate change, Tropical Storm Erika killed at least 20 people on Dominica. The small Caribbean island evoked the tragedy to ...
Dutch Court Orders Gas Producer to Compensate Quake Zone Homeowners
A Dutch court ruled on Wednesday that gas producer NAM must compensate homeowners for falls in the value of their properties due to earthquakes linked to gas production at the Groningen field in the ...
Uber Drivers Gain Class Action Status in Employment Lawsuit
Uber drivers are entitled to class action status in litigation over whether they are independent contractors or employees, a key development in a case threatening Uber's business model and that of ...
CEO Personally Liable for $148M in Unfair Buyout: Delaware Judge
The billionaire chief executive of Dole Food Co. and his top lieutenant must pay $148.2 million of damages to shareholders they shortchanged when the produce company went private in 2013, a Delaware ...
Target Will Not Face SEC Enforcement Action Over Data Breach
The U.S. Securities and Exchange Commission won't pursue an enforcement action against Target Corp. after hackers stole data on 40 million credit and debit cards during the 2013 holiday shopping ...
Women Rise in Manager Ranks; Black Managers Fall in Number: EEOC
Women's representation in U.S. management ranks is slowly increasing, while the share of African-American managers has slipped since the last recession, according to a report released last week by ...
Senators Probe Litigation Funding
Hedge funds have been speculating on lawsuits, a new form of financial engineering that some business interests say encourages wasteful courtroom warfare. Now two top Republican senators—Chuck ...