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19 12, 2025

Ben & Jerry’s Board Says More Directors Face Removal

By | December 19th, 2025|Uncategorized|Comments Off on Ben & Jerry’s Board Says More Directors Face Removal

Ben & Jerry’s independent board late on Wednesday said in a filing that its new corporate parent, the Magnum Ice Cream Company, is forcing three more directors to complete training and other requirements or face removal. Ben & Jerry’s, newly …

19 12, 2025

11 Firefighters and 2 Others Injured After NC House Explosion and Fire

By | December 19th, 2025|Uncategorized|Comments Off on 11 Firefighters and 2 Others Injured After NC House Explosion and Fire

Eleven firefighters and two other people were injured in a house fire explosion in the Piedmont region of North Carolina, officials said. Salisbury Fire Chief Bob Parnell said firefighters did not have life-threatening injuries but were getting treated for contusions, …

19 12, 2025

A 10-Hour Data Center Outage Is Testing the Ambitions of KKR, GIP

By | December 19th, 2025|Uncategorized|Comments Off on A 10-Hour Data Center Outage Is Testing the Ambitions of KKR, GIP

Data center operators are fixated on the “five nines” — an expectation that they’ll keep the infrastructure behind financial markets, e-commerce and artificial intelligence running 99.999% of the time. So as news rippled out last month that a CyrusOne facility …

19 12, 2025

Wells Fargo Sued by Ex-Manager Who Said Bank Faked Diversity

By | December 19th, 2025|Uncategorized|Comments Off on Wells Fargo Sued by Ex-Manager Who Said Bank Faked Diversity

Wells Fargo & Co. was sued by a former manager who says he was fired for pushing the bank to create a more diverse workforce and objecting to its practice of interviewing minority applicants for jobs that were already filled.

19 12, 2025

High Winds Battered Water-Logged Northwest, Cutting Power to Half-A-Million

By | December 19th, 2025|Uncategorized|Comments Off on High Winds Battered Water-Logged Northwest, Cutting Power to Half-A-Million

High winds toppled trees and power lines across parts of Washington state and Idaho this week, killing one adult and critically injuring two children, knocking out power to thousands and compounding the damage already wrought by heavy rains and flooding. …

19 12, 2025

People Moves: Marsh McLennan Appoints Mathews Digital Infrastructure Leader; Loop Hired to Lead AXA XL Media Liability

By | December 19th, 2025|Uncategorized|Comments Off on People Moves: Marsh McLennan Appoints Mathews Digital Infrastructure Leader; Loop Hired to Lead AXA XL Media Liability

Marsh McLennan, headquartered in New York City, appointed Mike Mathews as global digital infrastructure leader. Based in Boston, Mathews brings over 25 years of specialized industry experience to this newly created position, having worked with companies and investors across key …

19 12, 2025

Son of Ponzi-Accused Georgia Building & Loan Founder Now an Insurance Agent

By | December 19th, 2025|Uncategorized|Comments Off on Son of Ponzi-Accused Georgia Building & Loan Founder Now an Insurance Agent

The former co-leader of a collapsed Georgia savings and loan, a lending firm that is now the subject of state and federal Ponzi scheme investigations, has been granted an insurance producer’s license in the state. Edwin Brant Frost V, who …

19 12, 2025

Cessna Jet Tied to Nascar Driver Greg Biffle Crashes in North Carolina

By | December 19th, 2025|Uncategorized|Comments Off on Cessna Jet Tied to Nascar Driver Greg Biffle Crashes in North Carolina

Former Nascar driver Greg Biffle and his family are believed to have died when their Cessna Citation corporate jet crashed just minutes after taking off from a regional airport in North Carolina. “Although the post-crash fire prevents us from releasing …

19 12, 2025

Catastrophe Bonds Linked to Wildfires Lose ‘Untouchable’ Status

By | December 19th, 2025|Uncategorized|Comments Off on Catastrophe Bonds Linked to Wildfires Lose ‘Untouchable’ Status

Alternative investment managers are starting to take a serious interest in catastrophe bonds tied to wildfires, moving into a risk category that just a few years ago was seen as too difficult to model. More than $5 billion of cat …

19 12, 2025

India’s Big-Bang Financial Reforms Target Foreign Money

By | December 19th, 2025|Uncategorized|Comments Off on India’s Big-Bang Financial Reforms Target Foreign Money

India’s long-awaited package of financial services reforms is setting the stage for a surge of foreign capital into the world’s fastest-growing major economy. In the latest step, lawmakers passed a bill this week allowing up to 100% foreign ownership of …