NFIP likely needs increase in borrowing authority to cover Harvey claims

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NFIP likely needs increase in borrowing authority to cover Harvey claims

Hurricane Harvey claim payments will outstrip the National Flood Insurance Program's cash on hand and current borrowing authority, likely meaning the Federal Emergency Management Agency will need Congress to increase that authority.
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Japan's Softbank wants to invest $10 billion in Uber, but only if it gets a big discount

Softbank is in talks with Uber about a massive $10 billion investment in the company, according to a report in the Wall Street Journal on Thursday.
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Portland ends investigation into Uber's 'Greyball,' Uber's regulator-dodging software

Portland's investigation into Uber's use of software to avoid regulators, which escalated dramatically when the city subpoenaed the ride-sharing company for records, came to an unremarkable conclusion Thursday.
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Surviving Irma

“We were meant to stay,” Ashley Waters says of her family's decision not to evacuate their Bonita Springs, Fla., home as Hurricane Irma approached
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Improvised Bomb Injures 18 on London Subway at Rush Hour

At least 18 people were injured when a suspected terrorist set off an improvised explosive device on a London subway train at rush-hour. It is the fifth
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