London bans Uber

London's transport authority announced Friday that it will not renew Uber's license, saying the company is not "fit and proper" to operate in the city. The move, if upheld after an appeal, could deal a serious blow to Uber's business. Transport for London cited the company's approach to reporting serious criminal offenses, and the way [...]

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Equifax Executives Sold $1.8M in Stock Before Disclosing Massive Data Breach

the credit reporting agency Equifax said Thursday that a software vulnerability left personal information for 143 million people exposed to hackers, in one of the largest data breaches in U.S. history. Equifax said the information included Social Security numbers, driver’s license information, credit card numbers and other data. Bloomberg reports that just days after learning [...]

Amazon pays warehouse workers $233 per month in India

On June 25, Amazon CEO Jeff Bezos met with Indian Prime Minister Narendra Modi in Washington DC alongside over a dozen other corporate leaders. After the meeting, Bezos tweeted that the meeting was “terrific” and that he was “energized by optimism and invention in India.” He pledged to expand Amazon’s already $5 billion investment in [...]

Galena Biopharma to Pay $7.5 Million to Settle False Claims Charge

Galena Biopharma will pay more than $7.55 million to resolve allegations that it paid kickbacks to doctors to induce them to prescribe its fentanyl-based drug Abstral. The allegations rose from a whistleblower suit filed under the False Claims Act. Federal officials alleged that Galena Biopharma paid multiple types of kickbacks to induce doctors to prescribe [...]

Novo Nordisk to Pay $58 Million to Settle False Claims Charge

Novo Nordisk will pay $58.65 million to resolve allegations that the company failed to comply with the FDA-mandated Risk Evaluation and Mitigation Strategy (REMS) for its Type II diabetes medication Victoza. Novo Nordisk is a subsidiary of Novo Nordisk U.S. Holdings Inc., which is a subsidiary of Novo Nordisk A/S of Denmark. Federal officials alleged [...]