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Australia sets up cyber-intelligence unit

By: Thomson Reuters

Published August 09, 2016 - 9:38am CST

(Reuters) — Australia has set up a cyber-intelligence unit to identify terrorism financing, money laundering and financial fraud online, the government said on Tuesday, because of "unprecedented" threats to national security.

Barclays reaches $100 million LIBOR settlement

By: Thomson Reuters

Published August 08, 2016 - 4:25pm CST

(Reuters) — Barclays has reached a $100 million multi-state settlement over charges that it manipulated the Libor and Euribor interest rate benchmarks, New York Attorney General Eric Schneiderman said on Monday.

German court to speed up VW litigation

By: Thomson Reuters

Published August 08, 2016 - 4:18pm CST

(Reuters) — A German court will adopt a rarely used class-action style procedure to more efficiently process claims by investors seeking damages from Volkswagen over a diesel emissions cheating scandal, according to a ruling.

Chevron wins U.S. ruling blocking $8.6 billion Ecuador award

By: Thomson Reuters

Published August 08, 2016 - 4:10pm CST

(Reuters) — Chevron Corp. persuaded a federal appeals court on Monday to block enforcement in the United States of an $8.65 billion Ecuadorean pollution judgment that it said, and which the court agreed, was obtained through bribery and fraud.

Member data hacked from medical ID card firm

By: Judy Greenwald

Published August 08, 2016 - 2:14pm CST

A service provider that issues ID cards for many health care providers says a server containing member info was accessed beginning May 21.

Drug compounders get cleanliness guidance from FDA

By: Donna Mahoney

Published August 05, 2016 - 1:02pm CST

Federal regulators have released suggestions for drug compounding companies on how to maintain a clean work environment.

Refinery chemical incident probe highlights safety culture gaps

By: Gloria Gonzalez

Published August 05, 2016 - 12:56pm CST

A U.S. Chemical Safety and Hazard Investigation Board report about two sulfuric acid releases at a California refinery owned by Tesoro Corp. highlighted multiple concerns about the refinery’s safety culture.

Steel mill faces safety fines after sling bolt failure

By: Gloria Gonzalez

Published August 05, 2016 - 10:56am CST

An Arkansas steel mill has been cited and is facing $56,000 in proposed fines from federal workplace safety regulators after an employee fatality.

Insurer group opposed to latest comp opt-out efforts

By: Stephanie Goldberg

Published August 05, 2016 - 10:44am CST

Opt-out legislation isn't the way to reform Illinois' workers comp system, the American Insurance Association says.

The BI Top 10

Published August 05, 2016 - 10:23am CST

This week's top stories include a big Hartford acquisition and a list of costly drugs that will be denied coverage by the nation's largest PBM.

More OSHA safety violations for Dollar General

By: Gloria Gonzalez

Published August 05, 2016 - 10:17am CST

Discount retailer Dollar General Corp. has once again been cited and is facing $105,600 in proposed OSHA fines.

Worthy law in search of funding

Published August 05, 2016 - 10:08am CST

President Barack Obama has signed bipartisan legislation to help treat opioid addiction, but funding the law is another story.

Grain elevator operator gets safety cite after worker hospitalized

By: Gloria Gonzalez

Published August 05, 2016 - 9:47am CST

A North Dakota grain facility has been cited and is facing proposed penalties of $104,300 after a 36-year-old employee was hospitalized after being injured on the job.

Dow Chemical unit gets safety cites after explosion

By: Gloria Gonzalez

Published August 04, 2016 - 4:09pm CST

A Massachusetts specialty chemicals manufacturer has been pegged a severe violator of health and safety rules and is facing $129,200 in proposed fines by federal health and safety regulators after four employees were injured by an explosion in January.

Elderly crossword solver undaunted by police probe

Published August 04, 2016 - 2:28pm CST

The 91-year-old woman mistakenly filled in the blanks on a crossword puzzle-looking piece of modern art.

Judge for U.S. lawsuits to stop health insurer mergers may drop one case

By: Thomson Reuters

Published August 04, 2016 - 2:18pm CST

The judge considering the Aetna/Humana and Anthem/Cigna mergers says it would be difficult to decide both cases by the end of the year.

Comp approved despite dead worker's positive drug test

By: Stephanie Goldberg

Published August 04, 2016 - 2:17pm CST

The daughter of a Texas worker who tested positive for marijuana at the time of his death is entitled to workers comp benefits.

State high court rulings to squeeze workers comp system

By: Donna Mahoney

Published August 04, 2016 - 2:06pm CST

NCCI says an increase in unfunded liabilities for Florida's comp system is expected to exceed $1 billion following recent state Supreme Court rulings.

Machine shop cited after welder's electrocution

By: Gloria Gonzalez

Published August 04, 2016 - 12:02pm CST

A Missouri machine shop was cited and is facing $59,000 in proposed fines from federal health and safety regulators after the electrocution death of a 43-year-old welder.

Metal coating firm cited for chemical, machine safety hazards

By: Gloria Gonzalez

Published August 04, 2016 - 11:18am CST

An Ohio metal coating company has been cited and is facing $115,500 in proposed fines from federal health and safety regulators for exposing employees to acid, chemical and machine hazards.

PBGC multiemployer pension program could be broke by 2025

By: Jerry Geisel

Published August 04, 2016 - 11:09am CST

The Pension Benefit Guaranty Corp.’s insurance program that partially guarantees benefits promised to multiemployer pension plan participants is projected to become insolvent by 2025, according to the latest government estimates.

Hazmat firm cited by OSHA after workers sickened by mercury

By: Gloria Gonzalez

Published August 04, 2016 - 10:28am CST

A New York hazardous materials remediation contractor has been cited and is facing $142,200 in proposed penalties from federal workplace safety regulators for exposing its workers to mercury.

Think tank eyes comp opt-out options for Illinois

By: Stephanie Goldberg

Published August 03, 2016 - 5:16pm CST

An alternative workers comp system could help employers control costs and better serve injured workers, the Illinois Policy Institute says.

Fed penalizes Goldman Sachs for use of confidential information

By: Thomson Reuters

Published August 03, 2016 - 3:01pm CST

(Reuters) — The U.S. Federal Reserve Board said on Wednesday it had ordered Goldman Sachs Group Inc. to pay a $36.3 million civil penalty for the unauthorized use and disclosure of confidential information.

Construction firms owe misclassified workers millions in back wages, damages

By: Judy Greenwald

Published August 03, 2016 - 2:39pm CST

Two interrelated Massachusetts construction firms have been ordered to pay $2.4 million in back wages and liquidated damages to 478 employees for misclassifying most of them as independent contractors to avoid paying overtime and other benefits, the U.S. Department of Labor said.

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