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Missouri Employers Mutual Awards $800K in Workplace Safety Grants
Workers’ compensation insurer, Missouri Employers Mutual has awarded the company’s fourth round of safety grants to Missouri businesses this month to help them take the next step toward improving workplace safety. To date, MEM has awarded a total of 86 …

POSTED MAY 22, 2018 5:00 AM
Europe’s New Data Privacy Law Boosts Cyber Insurance Sales
Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s General Data Protection Regulation (GDPR), which takes effect …

POSTED MAY 22, 2018 5:00 AM
Congress Considers Tightening Oversight of Foreign Investments
A lobbying group representing major foreign companies doing business in the United States including Anheuser Busch Inbev and Siemens said on Friday it had dropped its opposition to bills that would tighten oversight of foreign investment. The U.S. Senate and …

POSTED MAY 22, 2018 5:00 AM
Why Insurance Industry Should Embrace, Not Fear, Artificial Intelligence
Artificial intelligence isn’t the cold, job killing disruptor many fear it to be – at least it won’t be for many years to come, says Jeff Somers, president of Insureon. Insureon, a bit of a disruptor itself, is a national …

POSTED MAY 22, 2018 5:00 AM
BP Fears Climate Change Lawsuits in U.S.
After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP Plc is wary of the risk of lawsuits related to climate change. Chief Executive Officer Bob Dudley raised the topic of class-action lawsuits twice during …

POSTED MAY 22, 2018 5:00 AM
Florida Makes 3 Arrests in ‘Operation Rent-to-Burn’ Arson Crime Ring
Three additional people have been arrested for their various roles in an arson-for-profit scheme that took place over 7 years in three Florida counties, according to a statement from Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis. Yamina …

POSTED MAY 22, 2018 4:03 AM
Icahn Sues AmTrust Directors, Claims Privatization Plan Hurts Investors
Billionaire investor Carl Icahn sued the directors of AmTrust Financial Services Inc., Chief Executive Officer Barry Zyskind and the family that controls the insurer to challenge a plan to take the insurer private, arguing it will shortchange investors. Icahn, who …

POSTED MAY 21, 2018 9:10 PM
XL Catlin Adds Nieves to War, Terrorism, Political Violence Team in Atlanta
XL Catlin has promoted Lindsey Nieves to AVP, underwriting manager in its regional US War, Terrorism & Political Violence insurance team for the South and Central zone, which is headquartered in Atlanta. According to Ben Tucker, head of XL Catlin’s …

POSTED MAY 21, 2018 4:54 PM
Supreme Court Backs Employers on Forced Arbitration, Limiting Employee Class Actions
A divided U.S. Supreme Court ruled that employers can force workers to use individual arbitration instead of class-action lawsuits to press legal claims. The decision potentially limits the rights of tens of millions of employees. The justices, voting 5-4 along …

POSTED MAY 21, 2018 2:49 PM
Wisconsin Family Sues Over Stun Gun Death of Mentally Ill Man
The family of a mentally ill man who died after Milwaukee, Wis.-area police officers used a stun gun on him has filed a federal civil rights lawsuit against the Village of West Milwaukee. The Milwaukee Journal Sentinel reported the family …

POSTED MAY 21, 2018 2:38 PM

Business and financial news - CNNMoney.com

Bratz maker gives up on Toys 'R' Us
The billionaire CEO behind Bratz and Little Tikes toys is waving the white flag.

POSTED MAY 21, 2018 9:46 PM
Sony is paying $2.3 billion for Kanye West music publisher EMI
Sony has struck a deal to take control of EMI Music Publishing, which owns the rights to songs by artists like Kanye West and Alicia Keys.

POSTED MAY 22, 2018 12:05 AM
Netflix announces multi-year deal with the Obamas
Read full story for latest details.

POSTED MAY 22, 2018 1:33 AM
Former Seth Rich family spokesman files defamation suit
It is the latest in a string of legal action taken against publications and individuals who pushed unfounded claims and theories about Rich's death.

POSTED MAY 21, 2018 11:12 PM
Why ESPN is going big on basketball
Read full story for latest details.

POSTED MAY 21, 2018 9:18 AM
America's cereal, soda and soup companies are in turmoil
Read full story for latest details.

POSTED MAY 21, 2018 2:18 PM
GE's latest sale: Its 111-year-old rail business
Read full story for latest details.

POSTED MAY 21, 2018 9:52 AM
Former employee sues Uber for sexual harassment
Uber eliminated its forced arbitration policy for survivors of sexual assault and harassment. It is now being sued by one former employee for sexual harassment and discrimination.

POSTED MAY 21, 2018 9:31 PM
After CNN report, lawmakers want answers from Uber, Lyft on sexual assaults
Lawmakers are demanding answers from ridesharing companies about sexual violence on their platforms.

POSTED MAY 21, 2018 2:09 PM
Consumer Reports: We can't recommend Tesla's Model 3
Read full story for latest details.

POSTED MAY 21, 2018 3:04 PM

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