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Wednesday, May 12, 2021
South Korean automakers Kia and Hyundai have been fined $137 million in penalties due to slow action in recalling 100-plus million of its autos. The penalties were over a possibility that engines could inexplicably fail. The fines were announced by The National Highway Traffic Safety Administration (NHTSA)...
Many top life insurance firms are noticing that consumers are buying more life insurance policies since the COVID-19 epidemic began earlier this year. Some of the firms say that there have been double-digit increases in the number of policies they’ve sold. The increase is likely due to...
JPMorgan Chase continually makes headlines in the news. But, the latest reason why shows that the investment bank might have something ingenious up its sleeve. The firm has hired an IBM researcher and inventor to head its new division focused on emerging technologies. Quantum computing will be...
American Airlines has announced that it will keep the Boeing 737 MAX off of its schedule until April 2020. This will make an entire year that the airplane was grounded, later than any other airliner that’s kept the jets on the ground. The 737 MAX was originally...
The Washington Post and The Wall Street Journal both reported on Friday that the Federal Trade Commission (FTC) has approved a $5 billion Facebook settlement after a probe into its privacy practices. The tech company had previously told investors to expect a $3 billion to $5 billion...
A recent study published in The Journal of Psychoactive Drugs shows that cannabis may be used successfully to treat pain and insomnia. This means many patients could possibly avoid the use of other medications, including non-prescription and prescription sleep and pain medications, including opioids. Considering the rising...
YieldStreet, an asset-based investment firm, on Thursday, announced that it had acquired Athena Art Finance, a fine arts loan provider. The acquisition is the first by YieldStreet, who hopes the new addition will help to expand its offerings into a new asset class. The transaction cost YieldStreet...
Starboard was first to bat, when in Febuary of 2018, they launched a proxy contest to replace the entire board.  Not long after, Icahn disclosed his own 7.0% stake and later came to an agreement with the company to appoint four of his nominated directors to the...