An Uber Technologies Inc. self-driving car struck and killed a pedestrian in Arizona in the first known fatality involving an autonomous vehicle, an accident that could stir regulators to action and damage the public perception of the young industry.
T. Boone Pickens, a famous oilman and investment manager, said he is closing the energy-focused hedge fund he has run for the last two decades as his health declines.
See also David A. Vise, Delaware Court Changes Rules of Takeover Game, Wash. Post, June 16, 1985
- Wall Street Journal, `Fiduciary Rule’ Poised for Second Life Under Trump Administration, Jan. 10, 2018
The Securities and Exchange Commission is accelerating work on its own version of the “fiduciary rule,” a regulation issued by the Labor Department that put restraints on brokers handling retirement accounts. The SEC’s effort would affect all brokerage accounts-not just those for retirement funds-and could ban brokers from calling themselves financial advisers unless they accept a strict duty of loyalty to clients.