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Monster Beverage Corp shares fell 16 percent on Monday after news that it is being sued by the family of a 14-year-old girl who died after drinking two cans of its Monster Energy drink. The family of Anais Fournier filed a lawsuit on Friday against Monster for failing to warn about the product’s dangers. According to the suit, filed in California Superior Court in Riverside, Fournier died December 23, 2011 from “caffeine toxicity” after drinking two 24-ounce cans of Monster Energy on consecutive days. In a related press release on Friday, the family’s law firm said six deaths and 15 [...]

For the second year in a row, payment platform companies used European music festivals as proving grounds for contactless credit card technology. Last year, Isle of Wight Festival organizers encouraged VIP ticketholders to pay for food and drink with wristbands linked to prepaid debit card accounts. This year, the festival issued wristbands to over 10,000 concertgoers. Instead of requiring patrons to load their wristbands in advance, the Festival partnered with MasterCard to link each device with a concertgoer’s own debit or credit card. An “auto top-up” feature reloaded each wristband’s stored cash value every time a patron’s balance dropped below [...]