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Hormuz Traffic Drops Off as Vessel Attacks Raise Fresh Concerns
Commercial traffic through the Strait of Hormuz persisted at a reduced level after attacks on two ships raised fresh concerns about the ability and willingness of shipowners to traverse the waterway. A handful of vessels made open transits over the …
POSTED JUNE 29, 2026 9:46 AM |
Extreme Heat Grips Eastern Europe After Records Fall in Germany
The deadly heat wave that’s set temperature records across western Europe for more than a week has shifted east to scorch Hungary, Romania and the Balkans. Budapest is expected to top 40C (104F) on Tuesday, according to models from the …
POSTED JUNE 29, 2026 8:55 AM |
Debt, AI Boom and Financial Fragilities Raise Global Risks, BIS Says
Global pressures from rising public debt to financial fragilities and the sustainability of the AI boom are increasing risks, underscoring the need for disciplined policymaking, according to the Bank for International Settlements. The central bank umbrella group’s Annual Economic Report …
POSTED JUNE 29, 2026 8:11 AM |
Business Moves: The Doctors Co. Completes Buy of ProAssurance
The Doctors Company said on June 26 that it completed the acquisition of ProAssurance Corporation for $25 per share in cash—a total value of about $1.3 billion. ProAssurance is a specialty insurer in medical liability, products liability for medical technology …
POSTED JUNE 29, 2026 5:26 AM |
Bayer’s Supreme Court Win in Roundup Case No ‘Silver Bullet’
After years of legal setbacks that have cost billions of dollars over its top-selling Roundup weedkiller, Bayer AG finally got a resounding win in the biggest tribunal of all. The US Supreme Court threw out a jury verdict won by …
POSTED JUNE 29, 2026 5:12 AM |
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says
Red Lobster’s $20 all-you-can-eat shrimp deal wasn’t just a badly designed promotion that inadvertently helped tip the iconic American restaurant chain into bankruptcy. It was part of a scheme to “squeeze every drop of value” from Red Lobster for the …
POSTED JUNE 29, 2026 5:05 AM |
The Doctors Group Completes $1.3B Purchase of ProAssurance Med Mal Provider
More than a year after it announced plans to buy Birmingham, Alabama-based ProAssurance, The Doctors Company said it has completed the billion-dollar acquisition. The Doctors Company, headquartered in Napa, California, acquired all outstanding shares of ProAssurance for $25 per share, …
POSTED JUNE 29, 2026 5:03 AM |
Anderson Insurance Agency Launches in Coral Springs
A south Florida businessman is stepping into the insurance agency with the launch of Anderson Insurance Solutions, based in Coral Springs. Matthew E. Anderson, a licensed agent for life, health and property-casualty lines, said his agency will offer life, health, …
POSTED JUNE 29, 2026 5:02 AM |
Landlord Harmed by Before/After Repair Photos Wins New Trial Over Negligence Claim
Photographs showing a staircase before and after repairs should not have been allowed as evidence in a negligence claim against a landlord, the Connecticut Appellate Court has ruled. In a unanimous opinion, the appeals court ordered a new trial in …
POSTED JUNE 29, 2026 5:00 AM |
Four Washington Restaurants Must Pay $750K in Wages, Damages to Workers
Four Washington-based restaurants must pay $750,000 in back wages and damages to 42 workers after an investigation uncovered minimum wage and overtime violations of the Fair Labor Standards Act. The U.S. Department of Labor secured a federal consent judgment requiring …
POSTED JUNE 29, 2026 5:00 AM |
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