Author: completebodyneeds

Nike was sued on May 8 by consumers who accused the athletic apparel and footwear maker of not refunding tariff-related costs it passed on in the form of higher prices. In a proposed class action, consumers said Nike should not be allowed to keep “significant” refunds it can expect after the U.S. Supreme Court in February struck down sweeping tariffs that President Donald Trump imposed under the International Emergency Economic Powers Act. The Beaverton, Oregon-based company has said it paid about $1 billion in tariffs on imported goods as a result of Trump’s actions. Consumers said Nike raised prices on…

Thirty former Ohio State football players, including some former NFL players, have agreed to join a federal lawsuit against the university over the sexual abuse of student athletes decades ago by a team doctor, a lawyer in the case said Thursday. The lawyer, Rocky Ratliff, said in an interview that the men came forward some eight years after the first lawsuit was filed because they needed to overcome the shame of revealing that they’d been sexually abused by another man and the fear of taking on the university publicly. They are “tearful and living with it,” Ratliff said. “But as…

Markel Insurance Appoints Da Costa to Lead U.S. Cyber and Tech E&O Portfolio Raphael Da Costa Markel, the insurance operations within Markel Group Inc., appointed Raphael Da Costa to lead its U.S. cyber and tech E&O portfolio. Da Costa oversees Markel’s U.S. cyber and tech E&O underwriting strategy, portfolio management and product development. He’ll work closely with underwriting, claims and actuarial to support disciplined growth and deliver solutions aligned with the shifting cyber risk environment. Da Costa has over 15 years of experience driving innovation in the cybersecurity and insurance sectors. He joined Markel in 2023 and most recently led…

No injuries were reported after an explosion and a fire at a refinery in the New Orleans area on Friday, officials said. Residents near Chalmette Refining said they heard an explosion at around 1 p.m. The refinery is in Chalmette, located about 10 miles (16 kilometers) east of New Orleans. Chalmette Refining said in a post on social media that a fire broke out at an operating unit. The St. Bernard Fire Department worked with refinery personnel to bring the blaze under control. “Everyone working in the area is safe and accounted for,” the company said. “The cause of the…

Disruptions for college students are set to drag into the weekend after hackers briefly took down an online platform used by thousands of schools around the world, from Princeton University in the US to the University of Manchester in the UK and the Universidad del Desarrollo in Chile. Instructure Inc., which runs the Canvas service used by students to take tests and get grades, said it was forced to suspend the portal Thursday after breaches by a “criminal threat actor.” The perpetrators exploited a vulnerability in a specific account for teachers, the company said, gaining access to some of its…

Banking groups are floating last-minute changes to a compromise on stablecoin yield as a key Senate panel begins considering a landmark digital asset bill. The proposed changes would tweak the compromise brokered by Senators Thom Tillis, a Republican, and Angela Alsobrooks, a Democrat, on stablecoin rewards earlier this month in the hopes of moving forward legislation long sought by the crypto industry to create clear rules for the digital asset space. A set of banking advocacy groups, including the American Banking Association and the Consumer Bankers Association, released text on Friday that would completely limit stablecoin issuers from providing any…

President Donald Trump’s task force for reforming the Federal Emergency Management Agency on Thursday recommended sweeping changes to how the federal government responds to natural disasters. The recommendations, finalized at a council meeting in Washington, include reassessing FEMA staffing, rethinking what disasters qualify for federal disaster aid and then streamlining its distribution, reforming the National Flood Insurance Program, and shifting more training and spending decisions to state, local and tribal authorities, over a period of two to three years. At least half of the recommendations require action by Congress. A final report detailing the recommendations now goes to the White…

Hackers briefly took down an online portal used by thousands of colleges around the world this month, disrupting services at institutions from Harvard to Princeton. Instructure Inc., which runs the Canvas service used by students to take tests and get grades, said it was forced to suspend the portal after a May 1 infiltration by a “criminal threat actor.” The perpetrators exploited a vulnerability in a specific account for teachers, an Instructure spokesperson said in an emailed statement, gaining unauthorized access to some of its websites. The company, owned by KKR & Co., restored much of the service Thursday, though…

The National Highway Traffic Safety Administration said Friday it is opening an investigation in a series of crashes of start-up Avride autonomous vehicles that raised questions about the competency of the vehicles. NHTSA said the vehicles’ performance may indicate inappropriate assertiveness and insufficient competence “and may also constitute traffic safety violations,” and added some crashes resulted in property damage and one reported minor injury. NHTSA noted that Avride is operating some of its AVs on the Uber UBER.N platform and has offered passenger service to the public since December in Dallas, where many of the crashes occurred. Topics USA Texas…

Fertilizer makers are seeing a windfall from Iran’s war, highlighting the impact of the conflict’s upheaval on supply chains for the key crop nutrients. CF Industries Holdings Inc. and Nutrien Ltd. each reported nearly 20% jumps in sales for the latest quarter as they benefited from higher prices for nitrogen fertilizers, which are applied across US corn and soy fields to support crop yields. While the situation is benefiting the producers, the results are likely to add to concerns from farmers and politicians about inflation in the agriculture markets, after growers have already been struggling with low crop prices and…