Monthly Archives: <span>November 2024</span>

Meta Must Face Trial After Judge Pares Some FTC Claims

Meta Platforms Inc. will face a somewhat scaled-back antitrust trial over its alleged dominance of social networking after a federal judge threw out some allegations by the U.S. Federal Trade Commission, but the heart of the case remains. In a …

Home Depot Raises Outlook on Hurricane-Fueled Demand

Home Depot Inc. lifted its forecast for a key sales metric after adverse weather propped up demand for home-improvement materials in the latest quarter. Comparable sales declined 1.3% in the period ending Oct. 27, better than what Wall Street analysts …

What’s Behind New York Fires? Climate Change, Land Use and History

Wildfires that are raging across New York and New Jersey highlight a new threat to one of the world’s most affluent regions. Climate change is regarded by scientists as the pre-eminent factor driving long-term changes in weather, and the New …

NHTSA Says GM Recalling 461K Vehicles Over Transmission Issues

General Motors will recall 461,839 vehicles over an issue with transmission, the National Highway Traffic Safety Administration said on Wednesday. The recall involves some models of 2020-2022 Chevrolet Silverado, GMC Sierra, 2021 Cadillac Escalade, Chevrolet Tahoe and GMC Yukon, among …

Mitchell: Growing Parity in Loss Outcomes Between BEVs and ICEs

Claims from collisions involving battery electric and internal combustion engines rose compared with last year while claims frequencies also rose, according to a new report that also shows a growing parity in loss outcomes of collisions involving battery electric vehicles …

Tech Giants Face More BOE Scrutiny Under Supplier Risk Rules

Major technology companies working with U.K. finance firms will face closer scrutiny, regulators said on Tuesday, as they set out long-awaited new rules to tackle potential risks posed by critical third-party suppliers. Under regulations coming into force starting Jan. 1, …

Plains All American Agrees to Pay $73 M to Settle California Oil Spill Lawsuit

Plains All American Pipeline has agreed to pay $72.5 million to settle a lawsuit over the 2015 Refugio Beach oil spill in Santa Barbara, a filing showed on Tuesday. The spill occurred after a pipeline, which ran across California’s coastline, …

Sedgwick Announces Closing of $1B Investment from Altas Partners; Carlyle and Stone Point Investments

Sedgwick announced the closing of a minority investment led by Altas Partners, a North American private equity firm. Current investors, including funds managed by global investment firm Carlyle and Stone Point Capital LLC, will remain as investors and continue to …

Progressive to End Offering Dwelling Fire Insurance

Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19. The Mayfield, Ohio-based insurer late last week said the decision to discontinue writing the coverage, often dubbed “landlord insurance,” for non-primary …

Containment Increases on California Fire That Has Destroyed 168 Structures

Firefighters battled strong driving a fast-moving Southern California wildfire that forced the evacuations of thousands of people and destroyed at least 168 structures. Containment of the Mountain Fire in Ventura County increased to 48%. The fire has now burned 20,630 …