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Facebook loses $500mn VR headset verdict

Bloomberg The virtual reality headset maker that Facebook Inc. bought in 2014 for $2 billion used stolen computer code, a jury said in awarding $500 million to ZeniMax Media Inc. The case was over the Oculus Rift, the device that has put the social media giant at the forefront of the virtual reality boom. The verdict in Dallas federal court ...

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MetLife pins hopes on Trump as CEO reshapes insurer

  Bloomberg For MetLife Inc. Chief Executive Officer Steve Kandarian, the Donald Trump era looks like just what he’s been waiting for. After complaining for years about capital standards, proposed sales restrictions and low bond yields that pressure investment income on the company’s fixed-income portfolio, the CEO sees promise. “The prospect of higher interest rates and a more favorable regulatory ...

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Tesla falls short of IIHS top safety pick rating

  Bloomberg Tesla Motors Inc.’s Model S, once touted by the company as achieving a record-high safety score, fell short of a top designation an insurance group has awarded to 42 other new models on the market. The Model S sedan earned an acceptable rating in one of the Insurance Institute for Highway Safety’s five crash tests, a level shy ...

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