The maker of the missing Titanic submersible, OceanGate, was the target of complaints in 2018 made by a former employee over the safety of the vessel’s hull. According to court documents reviewed by CBS MoneyWatch, OceanGate fired employee David Lochridge in 2018 after he expressed concern about the submersible’s safety. …
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The U.S. Securities and Exchange Commission on Monday sued Binance and its CEO, Changpeng Zhao, alleging the cryptocurrency company was effectively operating an illegal exchange and diverted investors’ funds into a trading entity controlled by Zhao. The lawsuit, filed Monday in federal court in Washington, D.C., claims Binance ran its …
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House hunters looking to buy a newly constructed home are likely to face slim pickings this spring. Construction companies built only 70,000 new homes nationwide in April, according to the Federal Reserve Bank of St. Louis. Even though that’s more than double what builders had completed a year ago, it doesn’t come …
Read More »Nine of the 15 fastest-growing cities in the U.S. are in the South, according to new U.S. Census data. For the second year in a row, Georgetown, Texas, topped the list of most rapidly expanding metros, adding nearly 11,000 people over a one-year period — a 14% gain. The Census Bureau …
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A chemical company was ordered to pay $16 million and sentenced to two years of probation for its role in a poisonous gas leak that killed four workers at a Houston-area plant nearly a decade ago, federal prosecutors announced Monday. The employees at the now-closed DuPont chemical plant in LaPorte, …
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Update: Fox News and Dominion Voting Systems reached a settlement on Tuesday just as the trial was starting. Read the latest here. Our earlier story is below. The high-stakes legal battle between Fox News and Dominion Voting Systems, set to kick off in court on Tuesday, poses serious risks for the media company …
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Inflation eased to 5% in March, its lowest level in almost two years, yet some underlying prices remain stubbornly high. The Consumer Price Index increased at an annual rate of 5% in March, down from 6% in February, the Labor Department said Wednesday. That was better than economists’ expectations that …
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Johnson & Johnson said Tuesday that it will offer at least $8.9 billion to resolve thousands of lawsuits filed by people alleging that the company’s products containing talc caused cancer, quadrupling a previous offer to settle the suits. The health and consumer goods company laid out the proposal in a …
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Honda is recalling more than 330,000 vehicles because heating pads behind both side-view mirrors may not be bonded properly, which could lead to the mirror glass falling out and increase the risk of a crash. Vehicles included in the recall are 2020-2022 Odyssey, 2020-2022 Passport, 2020-2021 Pilot and 2020-2021 Ridgeline. …
Read More »Nearly two dozen state attorneys general are demanding that Hyundai and Kia take action to halt what the legal officials say is an “alarming” rash of thefts of the South Korean automakers’ vehicles. From 2011 to 2022, Hyundai and Kia opted not to equip their cars sold in the U.S. …
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