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Egyptian Court Allows Seizure of Ship that Blocked Suez, Pending $900M Compensation
An Egyptian court issued a seizure order for the ship that blocked the Suez Canal last month after a request from the waterway’s operator, which is demanding $900 million in compensation, according to local media. A court in the city …
POSTED APRIL 13, 2021 1:09 PM |
U.S. Recommends Pausing Use of J&J COVID Vaccine over Rare Blood Clots
U.S. federal health agencies on Tuesday recommended pausing the use of Johnson & Johnson’s COVID-19 vaccine after six recipients developed a rare disorder involving blood clots, in a fresh setback to global efforts to tackle the pandemic. The move comes …
POSTED APRIL 13, 2021 12:37 PM |
Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters
Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will announce on Tuesday. In a statement …
POSTED APRIL 13, 2021 12:11 PM |
The Zebra Raises $150 Million to Expand Online Insurance Comparison Operations
Insurance comparison site The Zebra raised $150 million in new financing that will support expanded hiring and brand building. “This investment is going to be used to grow our team and build our brand. We are accelerating our efforts to …
POSTED APRIL 13, 2021 11:35 AM |
SEC Throws Another Wrench into Wall Street’s SPAC Machine
U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies. The Securities and Exchange Commission is setting forth new guidance that warrants, which are …
POSTED APRIL 13, 2021 9:56 AM |
OSHA Prepares to Issue Emergency Regulations to Protect Workers from COVID-19
Mask mandates are coming down across the country, even as COVID cases are rising in most states. But the Biden administration appears poised to reinstate masking and other social distancing rules for recalcitrant governors — at least in the workplace. …
POSTED APRIL 13, 2021 9:07 AM |
China Forces Restructuring of Ant Group into Financial Holding Firm
BEIJING – China has imposed a sweeping restructuring on Jack Ma’s Ant Group, the fintech conglomerate whose record $37 billion IPO was derailed by regulators in November, underscoring Beijing’s determination to rein in its internet giants. The overhaul, in the …
POSTED APRIL 13, 2021 7:27 AM |
U.S. Safety Agency Investigates Air Bags Made by Takata Successor Joyson
The U.S. National Highway Traffic Safety Administration is investigating potentially faulty air bags made by Joyson Safety Systems, the successor to defunct manufacturer Takata Corp. that is at the center of one of the biggest recalls in history. The agency, …
POSTED APRIL 13, 2021 7:08 AM |
Weak Tornado Confirmed in South Carolina from Weekend Storms
The National Weather Service confirmed Sunday that a weak tornado hit near Moore in upstate South Carolina on Saturday. Surveyors say the EF-O tornado had top winds of 80 mph (130 kph) and a path of 1.1 miles (1.75 kilometers). …
POSTED APRIL 13, 2021 6:21 AM |
Former Employee at W. Virginia Nonprofit Charged with Stealing $4.7M
A former employee of a West Virginia nonprofit organization has been accused of embezzling more than $4.7 million in federal funds, according to court documents. Ruth Marie Phillips, 68, of Chesapeake, Ohio, was charged last week with stealing funds from …
POSTED APRIL 13, 2021 6:18 AM |
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