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Andrew Friedman attack Business California fraud 

Anthem to pay record $115 million to settle U.S. lawsuits over data breach

June 23, 2017 By Brendan Pierson (Reuters) – Anthem Inc , the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people’s personal information for $115 million, which lawyers said would be the largest settlement ever for a data breach. The deal, announced Friday by lawyers for people whose information was compromised, must still be approved by U.S. District Judge Lucy Koh in San Jose, California, who is presiding over the case. The money will be used to pay for…

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California Entertainment Esplanade Productions Inc judge Top News Walt Disney Co 

Parenting expert sues Disney, says it stole ‘Inside Out’ idea

June 21, 2017 By Jonathan Stempel (Reuters) – A parenting and child development specialist has sued Walt Disney Co and its Pixar unit, accusing them of stealing from her the concept for their 2015 blockbuster movie, “Inside Out.” In a complaint filed on Monday in Los Angeles federal court, Denise Daniels said the animated film, featuring color-coded characters representing individual human emotions, mirrors a children’s program called “The Moodsters” that she conceived and pitched to Disney every year from 2005 to 2009. Daniels, who lives in Minnesota’s Twin Cities area…

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Business California case Missouri Supreme Court state 

Supreme Court ruling threatens massive talc litigation against J&J

June 20, 2017 By Nate Raymond (Reuters) – Johnson & Johnson is seizing upon a U.S. Supreme Court ruling from Monday limiting where injury lawsuits can be filed to fight off claims it failed to warn women that talcum powder could cause ovarian cancer. New Jersey-based J&J has been battling a series of lawsuits over its talc-based products, including Johnson’s Baby Powder, brought by around 5,950 women and their families. The company denies any link between talc and cancer. A fifth of the plaintiffs have cases pending in state court…

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broker Business California Tech Top News Uber Freight Driegert 

Uber’s trucking ambitions in lower gear after Otto deal

June 15, 2017 By Heather Somerville and Julia Love SAN FRANCISCO (Reuters) – Uber Technologies Inc’s drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what exactly the company can bring to the sprawling $700-billion industry. The San Francisco ride-services giant had planned to disrupt freight hauling by offering a complete package of trucking technology including self-driving trucks and smartphone-based logistics services. But what has emerged so far, industry watchers say, is a modest effort to build…

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California Commerce Committee state Tech Top News Transportation Department 

Senators unveil road map for self-driving car legislation

June 13, 2017 By David Shepardson WASHINGTON (Reuters) – A bipartisan trio of U.S. senators said on Tuesday they planned to introduce legislation to remove regulatory roadblocks to the introduction of self-driving cars, including sorting out conflicts between state and federal rules. Republican Senator John Thune, who chairs the Commerce Committee, Bill Nelson, the top Democrat on the panel, and Senator Gary Peters, a Michigan Democrat, said in a joint statement that existing federal vehicle regulations written over recent decades did not account for self-driving cars without a human driver…

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California Entertainment Hits North American Lionel Richie Mariah Carey Top News 

Back from injury, Lionel Richie to tour with Mariah Carey

June 10, 2017 LOS ANGELES (Reuters) – Lionel Richie is ready to hit the road with Mariah Carey for his “All the Hits” North American tour after a knee injury in March forced him to postpone the venture. Richie and Carey are joining forces for the first time on tour, kicking off on July 21 in Oakland, California. “I must tell you, I was so happy when she (Carey) said yes. My next thing was, ‘Really?’ It’s going to be one of those evenings where you are going to just…

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AOL Business California results Yahoo Inc 

Verizon plans to cut 2,000 jobs at Yahoo, AOL: source

June 8, 2017 By David Shepardson (Reuters) – Verizon Communications Inc is expected to cut about 2,000 jobs when it completes its $4.48 billion acquisition of Yahoo Inc’s core assets next week, a person briefed on the matter said. The cuts are expected to come from Verizon’s AOL and Yahoo units and represent about 15 percent of the staff at the two units. About 14,000 people work at AOL and Yahoo. Many of the jobs are in California and some are outside the United States, according to the source, who…

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accounts California George Gagliardi Money Top News Wall Street 

Why women are better investors: study

June 7, 2017 By Chris Taylor NEW YORK(Reuters) – When it comes to industries, Wall Street is about as male-dominated as they come. So many people just assume that men are better investors. And they would be wrong. According to new data from financial services giant Fidelity Investments, women are actually superior investors. In sifting through more than 8 million investment accounts, Fidelity discovered that women not only save more than men, 0.4 percent, their investments earn more annually, also 0.4 percent. “It is a double whammy,” says Alexandra Taussig,…

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Fiat Chrysler to modify 104,000 U.S. diesel vehicles: company

May 19, 2017 By David Shepardson WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV plans to update software that it expects will resolve the concerns of U.S. regulators about excess emissions in 104,000 older diesels, the Italian-American automaker said on Friday. The company also said on Friday that it had formally sought approval to sell two 2017 diesel models after months of talks and testing. The software update would begin rolling out once the Environmental Protection Agency and California Air Resources Board approved, Fiat Chrysler said. The company said it does…

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About 37,000 AT&T workers go on three-day strike

May 19, 2017 (Reuters) – About 37,000 AT&T Inc workers, or less than 14 percent of the company’s total workforce, began a three-day strike on Friday after failing to reach an agreement with the No. 2 U.S. wireless carrier over new contracts. This is the first time that AT&T wireless workers are on strike, which could result in closed retail stores during the weekend, according to the Communications Workers of America (CWA) union. The workers on strike are members of the CWA. The workers are demanding wage increases that cover…

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