September 22, 2026

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CVC-Backed Home Insurance Firm Bamboo Said to Postpone IPO

Bamboo Insurance Services Inc., a home insurance firm controlled by private equity firm CVC Capital Partners, has postponed its initial public offering, according to people familiar with the matter. The Midvale, Utah-based company cited market conditions for the move, the …

DoorDash to Pay $132 Million in NYC Over Missing Wages

DoorDash Inc., the leading food-delivery firm in the US, said it agreed to a $131.5 million settlement with New York City to resolve a probe into its compliance with minimum-pay rules for couriers. The settlement, announced Tuesday, includes more than …

Pacific Hurricane Polo Is Now a Dangerous Category 5 Off Mexico

Hurricane Polo has become a dangerous Category 5 storm as it skirts Mexico’s southwest coast, and is expected to bring heavy rain across the region, the US National Hurricane Center said. Polo is forecast to remain just offshore, sparing the …

BYD Recalls 183,000 Cars in China Over Brake-Pedal Safety Risk

BYD Co. issued a recall for more than 183,200 vehicles in China over brake-pedal safety risks, the country’s market regulator said. Most of the models affected were the Tang series of electric and hybrid sport utility vehicles, along with about …

US Lawmakers Urge Trump to Maintain Ban on Chinese Automakers

More than two dozen Democratic lawmakers on Friday urged President Donald Trump to keep in place a ban on Chinese automakers out of the U.S. market, ahead of his meeting with China’s President Xi Jinping this week. “We urge you …

Cleared of Charges, Norcross Sues Inquirer, Editor for $100M in Defamation Suit

Prominent New jersey insurance, development and civic leader George Norcross III has filed a $100 million defamation lawsuit against the Philadelphia Inquirer and one of its editors for allegedly helping to orchestrate a bogus criminal case against him that was …

Volkswagen Recalling 208,700 US Vehicles Over Steering Rack Bolt Defect

Volkswagen is recalling 208,724 vehicles in the U.S. due to a faulty steering rack bolt that could break and cause a loss of steering control, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. Related: VW Signals Rugged …