National News

Investors in $1 Billion Crypto ‘Skyscraper’ Scheme to Get Repaid in Settlement

Texas and four other states have reached a settlement with operators of an alleged $1 billion illegal cryptocurrency investment scheme highlighted by tokenized partial ownership of a skyscraper, according to the Texas State Securities Board. The regulators are hoping to …

Storm Forming in Gulf of Mexico Forecast to Hit U.S. as Hurricane

A tropical storm forming in the southwestern Gulf of Mexico is threatening to unleash powerful winds and heavy rain as it makes its way toward the US where it will likely hit Wednesday as a hurricane. The system already has …

Stellantis Recalling 1.46 Million Vehicles Worldwide

Chrysler parent Stellantis said Saturday it is recalling 1.46 million vehicles worldwide due to a software malfunction in the anti-lock brake system that can increase the risk of a crash. The recall includes nearly 1.23 million Ram 1500 trucks from …

Fast-Growing California Wildfire Threatening 35,000 Structures

A fast-growing wildfire in Southern California, has burned 27 square miles, forcing thousands to evacuate had is putting roughly 35,000 homes and buildings at risk. The Line fire near San Bernardino more than quadrupled in size over the weekend, prompting …

Former NFL Player’s $43.5 Million Score in Medical Malpractice Case Upheld

A Philadelphia appeals court has upheld the $43.5 million award to former Philadelphia Eagles’ special teams player and captain Chris Maragos in his medical malpractice claim alleging that failed treatment of a knee injury ended his National Football League (NFL) …

Claims From 4 Summer Weather Events in Canada Exceed Prior Year Total: IBC

Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims than the 20-year average, reported the Insurance Bureau of Canada. About 228,000 home, auto and business insurance claims have been …

U.K. Trader Loses Lawsuit Against Deutsche Bank Over Bonus Dispute

A former Deutsche Bank trader on lost her London lawsuit against the bank for just over 2.6 million pounds ($3.4 million) after she was not paid an individual bonus nearly a decade ago. Shikha Gupta worked until 2017 for Deutsche …

Former Volkswagen Boss Goes on Trial Over Diesel Cars Rigged to Cheat Emissions Tests

Former Volkswagen Group CEO Martin Winterkorn went on trial last week on charges of fraud and market manipulation in connection with the corporate scandal over Volkswagen’s use of rigged software that let millions of cars cheat on emissions tests and …

U.S. Awards $1B for Road Safety Projects as Traffic Deaths Remain High

The U.S. Transportation Department said on Thursday it is awarding $1 billion for a series of projects aimed at reducing traffic crashes, as road deaths remain sharply higher than pre-pandemic levels. The department separately on Thursday estimated that 18,720 people …

Billionaire Siebel Sued Enel Over Trade Secret Theft Allegations

Silicon Valley billionaire Thomas Siebel has accused the Italian energy company Enel SpA of copying the IP of the software firm he runs, C3.ai. C3, based in Redwood City, California and known for its data management and analysis software, accused …

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