GM settles hundreds of ignition switch lawsuits
NEW YORK General Motors Co has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows.
NEW YORK/SAN FRANCISCO Gap Inc will name its top outlet executive Art Peck as the new head of Gap North America as it looks to speed up a flagging turnaround at the apparel brand, a source familiar with the matter told Reuters on Tuesday.
Earlier on Tuesday, Gap announced that longtime Gap brand head Marka Hansen was stepping down and her successor would be named within a day.
Multiple sources inside and outside of the company, who asked not be named, cited Art Peck as the likely candidate to replace Hansen.
A source familiar with the matter confirmed to Reuters that Peck would be named.
(Reporting by Alexandria Sage; Editing by Bernard Orr)
Anthem Inc , the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people's personal information for $115 million, which lawyers said would be the largest settlement ever for a data breach.