Where ‘Zombie’ Foreclosures Are Still Problematic

There are fewer properties stuck in foreclosure limbo, with a few notable exceptions across the country. During the third quarter, more than 1.5 million single-family homes and condos were...

Fairfax Financial Appoints Allen as CFO

Fairfax Financial Holdings announced that Jennifer Allen has been appointed chief financial officer. John Varnell, who was previously serving as interim chief financial officer of Fairfax, will continue serving...

Iberdrola secures its first 149 MW of solar in Portugal

Spanish power utility Iberdrola SA confirmed Thursday it had been awarded 149 MW of solar photovoltaic (PV) capacity in Portugal’s recently completed solar auction. The company said that the awarded...

Belarus and Russia authorize 3.7% increase in oil transportation tariff as from 1 September

Belarus and Russia have come to an agreement on raising the tariff on transporting oil across the Belarusian territory by 3.7% as from 1 September, the press service of...

Clyde & Co recruits UNSW academic

Global law firm Clyde & Co has welcomed Ron Bartsch of UNSW to its global drones strategy group. Bartsch, a renowned aviation law academic with a long career working with...

State Farm cuts insurance rates in Kansas

Insurance giant State Farm is cutting home insurance rates in the state of Kansas by an average of 2.2%, the firm announced today. The insurer hopes these rate reductions...

Tesla Under U.S. Scrutiny Over Safety Claims

Tesla Inc. received a cease-and-desist letter last year from the U.S. National Highway Traffic Safety Administration (NHTSA) for making misleading statements over safety ratings of its Model 3 cars,...

Altamont Capital Partners Agrees to Acquire Topa Insurance Group

Altamont Capital Partners has signed a definitive agreement to acquire Calabasas, Calif.-based Topa Insurance Group from its long-time owner, Topa Equities Ltd. Terms of the deal weren’t disclosed. The transaction...

New Hurricane Response Tools from Munich Re Aim to Improve Claims Experience

Munich Re has launched a new suite of hurricane response tools designed to help insurance companies assess widespread property damage after a hurricane and improve their customers’ claims experience. Developed...

Mexico Oil Company Pemex Offers Health Bonuses for Employees with Skinnier Waists

At Mexico’s state-run oil company, skinnier waists mean bigger bonuses. Under Petroleos Mexicanos’s new collective bargaining contract with its union, workers who meet certain body weight standards will receive a...

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There Are Now More Charging Stations Than Fuel Stations in the UK

Not long ago, those advocating the quick demise of the electric car cited range anxiety as the main reason for failure. In their view,...

2020 Dodge Charger Hellcat Daytona Rendered with Original Wing, Looks Spot On

Are car aficionados better off in 2019 than they were back in 1969? Well, with aspects such as emission and crash safety regulations now...

Fake Koenigsegg Is Built on a VW Beetle Chassis, Actually Related to Koenigsegg

At first glance, it would seem that the abomination sitting before us is one of the world's few (thankfully) Koenigsegg replicas and not even...