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Honeywell Cuts Guidance, Settles Bombardier Engine Lawsuit

Honeywell International Inc. and aircraft maker Bombardier Inc. reached a deal on the development of aviation technology and settled a long-running legal dispute. Honeywell said the agreement will hurt its financial results this year. The Charlotte, North Carolina-based company now …

Cantor Defeats Ex-Partners’ Suit Alleging It Withheld Bonuses

Cantor Fitzgerald LP persuaded a judge to throw out a lawsuit targeting non-compete restrictions in its partnership agreements that some ex-partners say were misused to improperly withhold at least $10 million in bonuses after they left the firm. U.S. District …

Canadian News Publishers Sue OpenAi Over Alleged Copyright Infringement

A coalition of Canadian news publishers, including The Canadian Press, Torstar, Globe and Mail, Postmedia and CBC/Radio-Canada, has filed a lawsuit against OpenAI for using news content to train its ChatGPT generative artificial intelligence system. The outlets said in a …

Moody’s: Rising Flood Risks Posing Greater Challenges for Eastern and Southern US

Flood risk is rising across the Eastern and Southern states from extreme rainfall, hurricanes, and sea level rise, according to a new report by Moody’s Ratings. The increasing flooding hazard poses “significant credit challenges” that include rising property insurance rates, …

Supreme Court Seeks US Views in $1 Billion Music Copyright Case

The U.S. Supreme Court sought the federal government’s views in a billion-dollar copyright clash between the music industry and internet provider Cox Communications Inc. Entertainment companies including units of Sony Group Corp., Warner Music Group Corp. and Universal Music Group …

Nissan Persuades US Court to Decertify Brake Defect Class Actions

Nissan persuaded a federal appeals court to decertify 10 class actions accusing the Japanese automaker of selling cars and SUVs with defective automatic emergency braking systems that caused vehicles to stop suddenly for no reason. The 6th U.S. Circuit Court …

Netflix Defeats Shareholder Lawsuit Over Growth Forecasts

Netflix won the dismissal on Tuesday of a shareholder lawsuit accusing the streaming company of downplaying the impact on subscriber growth of account sharing, where paying members share user names and passwords with nonpaying members in other households. The proposed …

Prince Harry’s phone-hacking lawsuit against Daily Mail to go to trial in 2026

Prince Harry and other high-profile British figures’ privacy lawsuits against the Daily Mail newspaper’s publisher will go to trial in early 2026, London’s High Court heard on Tuesday, with the parties’ legal costs set to exceed 38 million pounds ($47.8 …

UPS to Pay $45M to Settle Charges it Improperly Valued Freight Division

UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced. The regulator agency said that UPS materially misrepresented its earnings because it failed to follow generally accepted accounting principles …

Disney Settles Suit Over Women’s Pay for $43 Million

Walt Disney agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs’ lawyers said in a statement on Monday. As …