August 5, 2026

Latest
News

Google Loses Bid to Block UK Class Action Over Search Ads

Alphabet Inc.’s Google must face a class action lawsuit over alleged abuse of its dominance after an antitrust tribunal allowed a claim on behalf of hundreds of thousands of British firms to go ahead. The lawsuit alleged that Google overcharged …

Citigroup Settles $70 Million Trade-Loss Suit With Loomis Sayles

Citigroup Inc. has resolved a lawsuit filed four years ago by Loomis, Sayles & Co. claiming the bank caused more than $70 million in losses while executing trading orders that swamped the market. The parties on Tuesday told a federal …

OpenAI Settles Worker Discrimination Allegations With DOJ

A unit of OpenAI has reached a settlement with the U.S. Justice Department to resolve allegations that the California-based artificial intelligence company discriminated against U.S. workers. The Justice Department alleged that OpenAI OpCo LLC and one of its subsidiaries violated …

Edison Equipment Blamed for Deadly Eaton Fire in Los Angeles

Southern California Edison equipment sparked a January 2025 wildfire that killed 19 people in the Los Angeles area, fire officials said. The Eaton Fire was caused by electrical arcing events that took place on an out-of-service tower on a dry …

Product-Defect Presumption Lives On: Florida Appeals Court Upholds $103M vs. Ford

A Florida appeals court has upheld a $103 million jury award against Ford Motor Co. after a modified Ford Mustang exploded in 2017 and left the owner with severe burns over much of his body. The appeal was centered on …

Cyclosporiasis Cases in Michigan Climb Top 11,500 on Ongoing Outbreak

Michigan health officials on Tuesday reported 11,508 cases linked to a cyclosporiasis outbreak, up by more than 200 from the previous day’s update. The state also reported the first two deaths associated with the outbreak, noting that both individuals had …

New Jersey Sues Amazon Alleging Poor Pay And Conditions for Drivers

New Jersey sued Amazon.com on Tuesday, accusing the online retailer of abusing its market power over independent delivery drivers in the state. Amazon used its dominance to impose low pay and poor conditions on thousands of New Jersey workers who …

Goldman Sachs Creates $1 Billion Reinsurance Pool With Talcott

Goldman Sachs Group Inc. is setting up a reinsurance vehicle with Talcott Financial Group that has so far raised $1 billion. The Bermuda-based sidecar, West Grove Re, will share premiums and losses for a portion of Talcott’s US-based annuities, the …