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Prudential Life Faces 3-Month Sales Suspension Over ¥3.1B Fraud Scandal
Japan’s FSA orders Prudential Life to suspend new insurance sales for 3+ months after employees defrauded 500 customers of ¥3.1 billion over 35 years. Parent company also faces improvement order.
Japan Beats China in Volleyball Thriller, Eyes First Gold in 16 Years
Japan edges China 3-2 in Asian Games men’s volleyball semifinal to reach final against Iran on October 3. Victory would secure first gold in 16 years.
Getty Images Avoids Default, Faces NYSE Delisting October 3
Getty Images avoids default with last-minute $51.6M bond payment but faces NYSE delisting. Stock down 99% since 2022 SPAC debut as AI competition pressures stock imagery business.
Ford CEO Says AI Will Transform Skilled Trades, Not Replace Them
Ford CEO Jim Farley says AI will be a companion tool for skilled trades workers, not a replacement. The company has over 10,000 skilled-trades workers facing a new era of digital manufacturing.
Sierra Nevada Cheese Recall Expands: 13 Sickened in E. Coli Outbreak
FDA recalls all Sierra Nevada Graziers raw milk cheese after 13 people sickened by E. coli O26:H11 across nine states. Eight hospitalized, three with hemolytic uremic syndrome. Check your refrigerator.
Micron Surges on Record Q4 Earnings, Guides Q1 Revenue to $61.5B
Micron beat Q4 earnings with $33.42 EPS vs. $31.61 expected and $54.23B revenue vs. $51.07B forecast. Q1 guidance of $61.5B revenue far exceeds analyst estimates of $57B.
Google Launches Fitbit Air in India at Rs 13,999 on October 2
Google launches Fitbit Air in India at Rs 13,999 with 24/7 heart rate monitoring, Afib alerts, and one-week battery life. Sales begin October 2 via Google Store and retail partners.
Chinese Investor Fined $508,000 for Land Banking in Victoria
Federal Court orders Chinese investor Fengqin Li to pay $508,000 penalty for failing to develop vacant Berwick land within required four-year timeframe. ATO steps up land banking enforcement.
Singapore Fines 45 Businesses for Buying Fake Reviews in Largest CCS Probe
Singapore’s CCS took action against 45 businesses buying fake reviews from a provider using AI and paid reviewers. Businesses must apologize publicly for six months and remove false ratings.