TD Bank to pay more than US$28M in settlement for market manipulation
TD Bank Group has agreed to pay more than US$28 million after an investigation into manipulation of the U.S. Treasuries market by one of its traders.
General Motors’ Cruise autonomous vehicle division will pay a US$1.5 million penalty after the unit failed to fully report a crash involving a pedestrian, the National Highway Traffic Safety Administration said Monday.
The crash on Oct. 2, 2023 prompted Cruise to suspend driverless operations nationwide after California regulators said that its cars posed a danger to public safety. The state’s Department of Motor Vehicles revoked the license for Cruise, which was transporting passengers without human drivers throughout San Francisco.
A month after the incident, Cruise recalled all 950 of its cars to update software.
The NHTSA said on Monday that as part of a consent order, Cruise will also have to submit a corrective action plan on how it will improve its compliance with the standing general order, which is for crashes involving automated driving systems.
“It is vitally important for companies developing automated driving systems to prioritize safety and transparency from the start,†NHTSA Deputy Administrator Sophie Shulman said in a statement. “NHTSA is using its enforcement authority to ensure operators and manufacturers comply with all legal obligations and work to protect all road users.â€
The consent order's base term is two years. The NHTSA has the option to extend the order for a third year.
“Our agreement with NHTSA is a step forward in a new chapter for Cruise, building on our progress under new leadership, improved processes and culture, and a firm commitment to greater transparency with our regulators," said Steve Kenner in a prepared statement, the chief safety officer for Cruise. "We look forward to continued close collaboration with NHTSA as our operations progress, in service of our shared goal of improving road safety.â€
Cruise will meet quarterly with the NHTSA to talk about the state of its operations, and to review the periodic reporting and progress on the requirements of the consent order. Cruise will also submit a final report detailing its compliance with the consent order and state of operations 90 days before the end of the base term.
TD Bank Group has agreed to pay more than US$28 million after an investigation into manipulation of the U.S. Treasuries market by one of its traders.
Ottawa must do more to help Canadian citizens leave Lebanon, says the son of a Canadian couple killed last week when an Israeli bomb hit their car in the country's south.
Foreign Affairs Minister Mélanie Joly is asking members of the United Nations to counter growing political polarization abroad while taking shots at Conservative rhetoric at home.
It had been 48 hours since the winds and rains from Hurricane Helene ripped through western North Carolina and Sam Perkins still had not heard from his parents.
The smell of sage and sweetgrass floated in the air Monday over a mostly sombre ceremony to reflect on the legacy of residential schools and remember those who survived — and the thousands who didn't.
A B.C. condo owner who was blamed for a cockroach infestation in her building and charged thousands of dollars for the cost of eradicating the bugs must be refunded, the civil resolution tribunal ruled.
General Motors’ Cruise autonomous vehicle division will pay a US$1.5 million penalty after the unit failed to fully report a crash involving a pedestrian, the National Highway Traffic Safety Administration said Monday.
Pete Rose, Major League Baseball's all-time hits leader who was banned from baseball for gambling on the game, has died at 83.
Israel's widely expected ground invasion of Lebanon appeared to be getting underway early on Tuesday as its military said troops had begun 'limited' raids against Hezbollah targets in the border area.
On Saturday night at her parents’ home in Delaware, Ont. the Olympic bronze medallist in pole vault welcomed everyone who played a role in getting her to the podium in Paris.
A tale about a taxicab hauling gold and sinking through the ice on Larder Lake, Ont., in December 1937 has captivated a man from that town for decades.
When a group of B.C. filmmakers set out on a small fishing boat near Powell River last week, they hoped to capture some video for a documentary on humpback whales. What happened next blew their minds.
A pizza chain in Edmonton claims to have the world's largest deliverable pizza.
Sarah McLachlan is returning to her hometown of Halifax in November.
Wayne MacKay is still playing basketball twice at Mount Allison University at 87 years old.
A man from a small rural Alberta town is making music that makes people laugh.
An Indigenous artist has a buyer-beware warning ahead of Sept. 30, the National Day for Truth and Reconciliation.
Police are looking to the public for help after thieves broke into a Lethbridge ice creamery, stealing from the store.