UBS to pay $1.4 billion for selling toxic mortgages prior to the Great Recession
The Justice Department announced on Monday that UBS has agreed to pay $1.4 billion in penalties for allegedly defrauding investors by selling mortgage-backed securities that blew up during the Great Recession.
2023-08-15 01:45
Judge rules in favor of young Montana plaintiffs in landmark climate trial
A Montana judge handed a significant victory on Monday to more than a dozen young plaintiffs in the nation's first constitutional climate trial, as extreme weather becomes more deadly and scientists warn the climate crisis is eroding our environment and natural resources.
2023-08-15 01:24
Biden administration releases 'legal resources' for colleges in response to Supreme Court's affirmative action decision
The Biden administration is releasing new guidance and "legal resources" for colleges and universities that want to ensure student diversity in the admissions process after the Supreme Court gutted affirmative action in June.
2023-08-15 00:53
US Steel rejects buyout offer from rival Cleveland-Cliffs
Shares of US Steel soared Monday on news that rival Cleveland-Cliffs has proposed a purchase of the company, a move that would create the nation's largest steelmaker.
2023-08-15 00:22
Hawaiian Electric stock plunges 40% after lawsuit alleges it failed to shut power off ahead of the Maui wildfires
Hawaiian Electric's stock tumbled to a 13-year low Monday morning, plummeting nearly 40% after a class action lawsuit filed over the weekend alleged that Maui's devastating wildfires were caused by the utility's energized power lines that were knocked down by strong winds.
2023-08-15 00:22
Coinbase launches nonprofit crypto advocacy group
Coinbase is launching an independent nonprofit organization for advancing pro-crypto legislation through Congress, hoping to build on recent legislative and legal wins for the digital asset industry.
2023-08-15 00:20
Three US military services without Senate-confirmed chiefs for first time in history
Another US military service chief has relinquished command without a Senate-confirmed replacement in place, marking the first time in the Defense Department's history that three services are operating without a confirmed senior military officer in place.
2023-08-15 00:18
How much water is left in the Colorado River? Scientists and officials are scrambling to find out
Officials, farmers and tribes are bracing for more difficult negotiations on how to divvy up the Colorado River in the long term.
2023-08-14 23:58
Portugal's hostels are world class. But, they say, a new law threatens their existence
Portugal's Mais Habitação ("More Housing") law seeks to tackle the country's spiraling housing crisis. But its broad-brush measures threaten the future of hostels, guesthouses and the entire tourist industry, say those affected.
2023-08-14 22:27
3 Chiefs who earned a roster spot in preseason Week 1, and one on verge of being cut
Andy Reid’s team is looking for a third Super Bowl title in five seasons. The Kansas City Chiefs kicked off their 2023 preseason at New Orleans.The Kansas City Chiefs have played on Super Sunday three of the past four seasons. On Sunday, Andy Reid’s team took the field at the Superdo...
2023-08-14 21:58
Michael Bublé posed as a Michael Bublé fan to perform with Foo Fighters
Michael Bublé made a surprise appearance at a Foo Fighters show on Saturday in San Francisco.
2023-08-14 21:50
Broadway-bound revival of 'The Wiz' finds its next Dorothy, thanks in part to TikTok
A 24-year-old triple threat who toured in “Hairspray,” competed on “American Idol” and came to the attention of casting agents with her TikTok videos has landed the plumb role of Dorothy in the Broadway-bound production of “The Wiz.”
2023-08-14 21:23