Two planned NFL stadiums, in LA and Vegas, have projected costs higher than $2 billion — and it's unlikely they will have a positive impact on the local economy.Read More »
By Sarah N. Lynch and Dustin Volz WASHINGTON (Reuters) - Wall Street's top regulator came under fire on Thursday about its cyber security and disclosure practices after admitting hackers had breached its database of corporate announcements in 2016 and may have used it for insider trading. The SEC said on Wednesday evening it discovered last month that cyber criminals may have used a hack detected in 2016 to make illicit trades. SEC Chairman Jay Clayton gave members of Congress a "courtesy call" about the hack on Wednesday afternoon before it was announced publicly, said Representative Bill Huizenga, chairman of the U.S. House subcommittee that oversees the SEC.
DowDuPont (NYSE: DWDP), formed by the recent merger of Dow Chemical Co. and DuPont, announced Sept. 21 that its Materials Science business started up two recently completed projects in Freeport, south of Houston. The new integrated world-scale ethylene production facility and Elite enhanced polyethylene production facility will continue to ramp up and are expected to reach full rates in the final quarter of the year. Construction was complete on the ethylene facility in March and on the polyethylene facility in June. The projects are central components of Dow’s U.S. Gulf Coast investments, part of the company $12 billion in U.S. growth investments over a 10-year period. The ethylene production
A former loan reviewer at Social Finance Inc. has filed a lawsuit claiming she was repeatedly sexually harassed while working there, ratcheting up pressure on the embattled fintech startup. In the suit filed Thursday in California state court, Yulia Zamora said she told her superiors about the sexually charged behavior but was ignored. Characterizing the company as a “frathouse,” Zamora described drinking parties and “rampant sexual activity” in bathrooms and parked cars. Zamora’s is one of at least three lawsuits filed in recent months against SoFi, which last week replaced co-founder and Chief Executive Officer Mike Cagney amid allegations that he sexually harassed female employees. SoFi, which