The utility knew it needed to upgrade its equipment but did not make changes that could have reduced risks of fires, energy experts said.
Category: Regulation and Deregulation of Industry
Court Ruling Clears Path for Microsoft to Buy Activision
Microsoft could now complete its purchase of the video game giant as soon as this month, but it is still blocked from closing in Britain.
Supreme Court Poised to Reconsider Key Tenets of Online Speech
The cases could significantly affect the power and responsibilities of social media platforms.
Southwest’s Meltdown Could Cost It Up to $825 Million
The airline has not said how soon it will upgrade the systems that contributed to mass flight cancellations, or how much that will cost.
U.S. Moves to Bar Noncompete Agreements in Labor Contracts
A sweeping proposal by the Federal Trade Commission would block companies from limiting their employees’ ability to work for a rival.
Meta Fined $414 Million After Ad Practices Ruled Illegal Under EU Law
The decision is one of the most consequential issued under the E.U.’s landmark data-protection law and creates a new business headwind for the social media giant.
Wells Fargo to Pay $3.7 Billion Over Consumer Banking Violations
The settlement, which includes the largest fine ever imposed by the Consumer Financial Protection Bureau, allows the bank to resolve claims that it had harmed millions of consumers since 2011.
Amazon and E.U. Reach Deal to End Antitrust Investigation
The online retail giant avoided a major fine but agreed to changes that have long been sought by merchants who depend on Amazon to reach customers.
Elon Musk Flexes His Media Muscle by Suspending Reporters on Twitter
Elon Musk’s moves this week set off a heated debate about complex issues of free speech and online censorship.
Amazon Agrees to Change Some Business Practices in EU Settlement
The e-commerce giant avoided a fine, but will make a variety of changes regulators believe will help independent merchants who had raised alarms about Amazon’s tactics.