Billionaire hedge fund founder Louis Bacon’s $203 million defamation judgment against Finnish-Canadian fashion mogul Peter Nygard was thrown out because Nygard wasn’t properly served court papers while imprisoned for sexual assault. The Moore Capital founder won his case by default …
Hurricane Rafael, which struck Cuba with heavy rainfall and flooding as well as gusts and rain in the Florida Keys on Wednesday, is now just over 200 miles to the West of Keys, according to the National Hurricane Center. The …
A subsidiary of a German auto supplier has asked U.S. auto safety regulators to approve the deployment annually of up to 2,500 autonomous electric buses without steering wheels and other human controls, a U.S. agency said Thursday. HOLON, a unit …
Volkswagen will recall 114,478 vehicles in the United States on concerns over the driver-side airbag, the National Highway Traffic Safety Administration said on Thursday. The recall consists of some Beetle and Passat vehicles from model years 2006-2019. “The driver’s side …
The U.S. Federal Trade Commission sued financial technology company Dave Inc. in Los Angeles on Tuesday, accusing it of luring users to its personal finance app by advertising cash advances of up to $500 that many never receive. Very few …
Clara Analytics named Eugene Wong chief financial officer. Wong has 15 years of experience in finance and operations. Wong was previously the CFO for Hometap. Prior to Hometap, he was vice president of strategy and finance at Forward Financing. Previously, …
The maker of Evian spring water, Danone, won the dismissal of a lawsuit on Tuesday accusing it of defrauding consumers with labels that claim the water is “natural” even though it contains microplastics that seep from the bottle. U.S. District …
The U.S. Supreme Court grappled on Wednesday over a bid by Meta’s Facebook to scuttle a federal securities fraud lawsuit brought by shareholders who accused the social media platform of misleading them about the misuse of its user data. The …
A wildfire sparked in California’s upscale Malibu beach community on Wednesday was driven by powerful winds sweeping apart the state’s southern region. The Broad Fire in Los Angeles County, which had shut down Pacific Coast Highway between Web Way and …
The Philippines’ farm output dropped the most in nearly four years last quarter due to bad weather, showing a potential drag to growth in one of Asia’s fastest-expanding economies. Farm production value fell 3.7% from a year ago in the …