Credit Suisse told investors the debt in its $7.3 billion finance fund was low risk because it was insured but the bank failed to ensure the policies would pay out, two sources told Reuters. When Japan’s Tokio Marine, the company …
LONDON (AP) — AstraZeneca’s release Monday of encouraging data about its coronavirus vaccine from its U.S. trial raised hopes that the drug company could put a troubled rollout behind it. But just hours after its announcement, American officials issued an …
Yelp Inc.’s recently launched feature of flagging businesses accused of “overtly racist actions” is raising concerns among U.S. small-business owners who worry about false accusations. Desarae Mueller-Fichepain, who has been running French-cuisine restaurant Le Voltaire in Omaha, Nebraska, for almost …
NEW YORK — A judge has dismissed Lenny Dykstra’s defamation lawsuit against former New York Mets teammate Ron Darling, ruling the outfielder’s reputation already was so tarnished it could not be damaged more. Dykstra claimed he was defamed when Darling …
The temptation for businesses to use artificial intelligence and other technology to improve performance, drive down labor costs, and better the bottom line is understandable. But before pursuing automation that could put the jobs of human employees at risk, it …
After the second fatal crash of a Boeing Co. 737 Max jetliner, most of the world’s aviation regulators rushed to ground the jet while the U.S., where it was built, waited for data. The U.S. Federal Aviation Administration took three …
Concern over Novartis AG’s corporate culture returned to the spotlight after U.S. regulators said the Swiss drugmaker delayed disclosing manipulation of animal testing data for the world’s most expensive drug. The company became aware of a data problem on March …
Elon Musk mocked it as the “Shortseller Enrichment Commission.” Billionaire Mark Cuban said it’s “useless.” Hedge fund legend Leon Cooperman called it “abusive.” For the U.S. Securities and Exchange Commission, such attacks come with the territory. But brushing them off …
Facebook Inc. agreed to pay a record $5 billion to resolve a U.S. investigation into years of privacy violations, a settlement that increases the board of directors’ responsibility for protecting users’ data while changing little about the company’s lucrative advertising …
SHANGHAI — U.S. electric vehicle maker Tesla Inc. said it has sent a team to investigate a video on Chinese social media which showed a parked Tesla Model S car exploding, the latest in a string of fire incidents involving …