NEW YORK CITY, New York: Goldman Sachs has agreed to pay a US$1.45 million civil penalty to resolve allegations from the Financial Industry Regulatory Authority (FINRA) that it failed to accurately report data for billions of stock market trades.
The settlement announced this week addresses claims that coding errors at the Wall Street bank led to the incorrect reporting of 36.
WASHINGTON, D.C.: The largest firefighters' union in the United States is calling for federal antitrust authorities to investigate the fire truck manufacturing industry, alleging that consolidation among major players has driven up prices and led to years-long wait times for essential emergency vehicles.
The International Association of Fire Fighters (IAFF) urged the Departmen
LOS ANGELES, California: One person died and 32 others were hurt when a tour bus and an SUV crashed on a freeway near Los Angeles over the weekend, officials said.
The only person in the SUV died after the vehicle caught fire just after 5 a.m. in Hacienda Heights, about 20 miles east of downtown LA, according to the California Highway Patrol (CHP).
CHP Officer Zachary Salazar said two of the injured were
COLOMBO, Sri Lanka: A passenger bus carrying nearly 50 people skidded off a cliff in Sri Lanka's central highlands, killing 21 and injuring 35 others, according to police.
The accident occurred last weekend near the town of Kotmale, about 86 miles east of Colombo, in a mountainous area known for its tea plantations. The bus, operated by a state-run company, overturned at the b
WASHINGTON, D.C.: U.S. President Donald Trump signed an executive order this week to lower the cost of prescription drugs in the United States by requiring drug companies to match the lower prices found in other countries. Experts say the plan will be challenging to implement.
The order gives drugmakers 30 days to start reducing prices. If they don't make real progress, the government may take stronger steps, su
PASADENA, California: A U.S. appeals court late last week upheld a federal law that stops felons from owning guns. The court rejected a challenge from a California man, Steven Duarte, who argued the rule shouldn't apply to non-violent felons like him.
The 9th Circuit Court of Appeals in Pasadena said the government had shown that permanently banning felons from having guns fit
MOUNTAIN VIEW, California: Google will pay US$1.4 billion to settle allegations that it unlawfully collected user data in Texas without consent, the state's attorney general announced late last week.
The settlement resolves claims filed in 2022, accusing the tech giant of secretly tracking users' locations, private searches, and biometric data through its products and services, including Google Photos and Google
WARSAW, Poland: Poland has ordered Russia to shut down its consulate in Krakow following allegations that Moscow was involved in a fire that devastated a shopping center in Warsaw last year, Polish Foreign Minister Radek Sikorski said this week.
The fire, which broke out on May 12, 2024, at the Marywilska 44 shopping center, destroyed a marketplace housing 1,400 shops and service points in Warsaw's northern dist
NEW YORK CITY, New York: Norwegian energy company Equinor is on the brink of terminating its US$2.5 billion Empire Wind project in New York, citing delays imposed by the Trump administration, the company said late last week.
Work on the offshore wind project has been halted since April 16 following an order from Interior Secretary Doug Burgum to pause construction pending further review. Burgum stated the approv
WASHINGTON, D.C.: On May 9, U.S. President Donald Trump signed an order to reopen nearly 5,000 square miles of protected ocean near Cape Cod to fishing.
This decision was welcomed by fishing industry groups but criticized by scientists who focus on ocean conservation.
The move is part of Trump's plan to reduce rules that he believes hurt businesses and economic growth.
The area known as the Northea
WASHINGTON, D.C.: The number of measles cases in the U.S. has gone over 1,000 for the first time in five years, according to federal data released last week.
The country is dealing with one of its worst outbreaks of this childhood disease.
The Centers for Disease Control and Prevention (CDC) reported 1,001 cases in 31 states. However, this number doesn't include the latest update from Texas, which has see
WASHINGTON, D.C.: The U.S. Commerce Department said it has started a national security investigation into the import of commercial airplanes, jet engines, and parts.
The investigation, known as a "Section 232" probe, began on May 1 but was not made public until last week. It could lead to higher tariffs (import taxes) on these items.
Many airlines stated that they were unaware of the investigation until i
REDMOND, Washington: Microsoft has prohibited its employees from using Deepseek, a Chinese artificial intelligence app, citing concerns over data security and potential links to Chinese propaganda, the company's president Brad Smith said this week.
Testifying before a Senate hearing on AI competition with China, Smith stated that Microsoft has also refused to carry Deepseek's application in its app store.
HONOLULU, Hawaii: Pharmaceutical giants Bristol Myers Squibb and Sanofi have agreed to pay $700 million to Hawaii to settle a lawsuit over the efficacy and labeling of the blood thinner Plavix, the state attorney general's office announced late last week.
The settlement follows a court ruling last year ordering the companies to pay $916 million after a judge found they failed
WASHINGTON, D.C.: The U.S. Food and Drug Administration (FDA) said this week it will start using artificial intelligence (AI) in all its departments right away, with full use beginning on June 30.
This follows a successful test of AI tools designed to assist scientists in reviewing new drugs.
When the FDA gets a new drug application, it usually takes 6 to 10 months to decide whether to approve it. The lat
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