The FT's Aliya Ram interviews Christopher Wylie and Shahmir Sanni, the two whistleblowers at the centre of the Facebook data breach outcry, about how the scandal broke and what it means for Facebook read more »
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Volkswagen AG has paid more than $7.4 billion to buy back about 350,000 U.S. diesel vehicles through mid-February, a recent court filing shows. The German automaker has been storing hundreds of thousands of vehicles around the United States for months.
Two whistleblowers won a battle with the U.S. Internal Revenue Service over their share of $74 million they helped the agency to collect, marking a change that attorneys say could encourage more people to flag wrongdoing.
Was killed last Sunday by an Uber autonomous car that hit the 49-year-old at approximately 40mph as she was crossing the road in Tempe, Arizona. Police confirmed there was an operator in the Volvo SUV at the time of the collision, and stated that it didn't appear the car had slowed down.
China accused the deal maker who bought the Waldorf Astoria hotel in New York of bilking investors of more than $10 billion, prompting him to issue a rare denial of guilt on Wednesday in a country where the courts almost always convict.
First VW, then Mercedes-maker Daimler, now BMW. US law firm Hagens Berman on Tuesday launched a class-action suit against its third German carmaker, accusing BMW of manipulating emissions in diesel models. The move follows a raid of three BMW locations by German prosecutors last week.
A scandal engulfing Facebook over the use of its data by political consultants widened on Tuesday when a whistleblower said Canadian company AggregateIQ had developed a program to target Republican voters in the 2016 U.S. election.
Tens of thousands' of BMWs are violating standards: lawsuit. BMW is at least sixth carmaker accused of cheating since 2015.
Regulators around the globe began work on replacements for Libor, the London interbank offered rate, well before the U.K.'s Financial Conduct Authority set to put the beleaguered interest-rate benchmark out of its misery. In the U.S., enter the Secured Overnight Financing Rate, or SOFR, a new reference rate being introduced next week by the Federal Reserve Bank of New York in cooperation with the U.S. Treasury Department's Office of Financial Research. The debut of SOFR is a critical step in a quest to wean more than $350 trillion of securities off Li
Alere Inc has agreed to pay $33.2 million to resolve claims it knowingly sold unreliable diagnostic testing devices to hospitals prior to its acquisition by Abbott Laboratories last year, the U.S. Justice Department said on Friday.
More than 121 years ago, a British woman was strolling the grounds of London's Crystal Palace when she was hit by an almost experimental type of vehicle called a horseless carriage.
In fact, the SEC's whistleblower program is handing out its "highest-ever Dodd-Frank whistleblower awards" to two claimants that will share "nearly $50 million," and a third claimant that will get more than $33 million. Previously, the highest amount was a hefty $30 million paid out in 2014.
The fatal accident involving an Uber self-driving car cranks up pressure on the self-driving vehicle industry to prove its software and sensors are safe in the absence of strong government standards, experts in the field said.
The Commodity Futures Trading Commission (CFTC) today announced that Judge Brian J. Davis of the Middle District of Florida has ordered Defendants Maverick International, Inc. (Maverick), and its principals Edward Rubin and Wesley Allen Brown to pay $8,605,274.92 in combined restitution and civil monetary penalties for commodity futures fraud, commodity pool fraud, and related violations of federal commodity laws.
The death of a pedestrian hit by a self-driving Uber vehicle in Arizona this week could offer a test of who can be held legally responsible for accidents when a human is no longer at the wheel.
The whistleblower who publicly revealed how Trump-affiliated data firm Cambridge Analytica used information mined from Facebook under false pretenses during the 2016 election cycle will give an interview to Democrats on the House Intelligence Committee as part of their investigation of Russian interference in the election, including possible ties to Donald Trump's campaign
BMW AG became the latest in a list of carmakers under investigation over suspected illegal devices to influence emissions setups in its diesel vehicles -- even as the German carmaker said it simply made a mistake.
The Securities and Exchange Commission today announced its highest-ever Dodd-Frank whistleblower awards, with two whistleblowers sharing a nearly $50 million award and a third whistleblower receiving more than $33 million. The previous high was a $30 million award in 2014.
Uber has halted testing of its autonomous vehicles across North America, the company announced, after a woman was struck and killed by one of its self-driving cars in Tempe, Ariz. early Monday.
That theory is about to undergo a critical test in a class action by indirect investors in, you guessed it, Theranos. Last month, shareholder lawyers at Hagens Berman Sobol Shapiro and Robbins Geller Rudman & Dowd filed a motion to certify a class of more than 200 investors who plunked down money in funds that owned shares of Theranos.
