Monthly Archives: <span>May 2019</span>

Trading Houses Caught in Crossfire of Russian Oil Contamination

MOSCOW/LONDON — Trading houses Vitol, Glencore and Trafigura are caught in the crossfire between Russian oil producers and Western buyers, which have refused to take contaminated Russian crude bought by the traders. At least 10 crude tankers with 1 million …

Uber’s Arbitration Addiction Could Be Death by 60,000 Cuts

For Uber Technologies Inc., using legal arbitration to deal with driver compensation complaints — over anything from pay to overtime to mileage reimbursement — seemed like the smart play: it would preclude costly class-action litigation, it was private, and few …

Boeing Vows ‘Transparency’ to 737 Max Buyers in New Outreach

Boeing Co. met with 737 Max operators and lessors in Amsterdam on Tuesday, the first of about six sessions planned around the world as the planemaker lays the groundwork for resuming commercial flights of the aircraft following two deadly crashes. …

IBM-Backed Project Creates Wi-Fi Network For Natural Disasters

About the photo: Hardware from Project OWL, an IoT software solution that keeps first responders and victims connected in a natural disaster, at their work space in Brooklyn, New York on May 2, 2019. Photographer David Williams/Bloomberg. From a cramped …

Minnesotan Pleads Guilty to Faking Death in $2M Insurance Scam

ST. PAUL, Minn. — A Minnesota man accused of faking his own death eight years ago in Eastern Europe to collect a $2 million life insurance policy has pleaded guilty. The St. Paul Pioneer Press reports that 54-year-old Igor Vorotinov, …

Real ID Process Presents Problems for Some Kansas Residents

WICHITA, Kan. — The process of obtaining a new Real ID is creating headaches for some Kansas residents. Vietnam War veteran Armando Fleming is among several Kansas residents who have left driver’s license offices empty-handed after learning that the documents …

Experts Hunt for Reasons Why 41 Died in Moscow Plane Fire

MOSCOW — The plane that burst into flames while making an emergency landing at a Moscow airport, killing 41 of the 78 people on board, was without radio communications because of a lightning strike, Russian news media on Monday quoted …

Bernard Madoff’s Wife Ruth Settles with Court-Appointed Trustee

NEW YORK — Ruth Madoff, the wife of imprisoned swindler Bernard Madoff, agreed to pay $594,000 and surrender her remaining assets when she dies to settle claims by the court-appointed trustee liquidating her husband’s firm. According to settlement papers, Ruth …

J&J Said to Pay About $1 Billion to Settle Metal-Hip Suits

Johnson & Johnson agreed to pay about $1 billion to resolve most lawsuits claiming it sold defective metal-on-metal hips that ultimately had to be removed, according to people with knowledge of the matter. With the agreement, J&J has now resolved …

Purdue’s Sackler Allegedly Called Opioid Addicts ‘Victimizers’

Purdue Pharma LP’s former chief executive officer appeared to blame victims of opioid abuse for their suffering in a 2001 email to an acquaintance, a court filing shows. “Abusers aren’t victims; they are the victimizers,” Richard Sackler said in the …