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AIG profit misses expectations for 3rd straight quarter

By: Thomson Reuters

Published May 02, 2016 - 4:18pm CST

American International Group Inc., the biggest U.S. commercial insurer by premiums, reported a lower-than-expected quarterly operating profit as income from underwriting and returns on investments declined.

Supreme Court rejects POM Wonderful appeal over ads

By: Thomson Reuters

Published May 02, 2016 - 2:57pm CST

Businesses better have good evidence to back up claims of health benefits from their products, the U.S. Federal Trade Commission said on Monday after the Supreme Court rejected POM Wonderful's challenge to FTC findings that the juice maker's advertising was misleading.

Ruling allowing disability payments after return to work could boost rates

By: Donna Mahoney

Published May 02, 2016 - 1:24pm CST

The Oklahoma Supreme Court ruling in April that deemed it unconstitutional for employers to suspend workers compensation benefits for employees who went back to work after experiencing a work injury could make workers comp rates increase.

Supreme Court rejects challenge to state minimum wage law

By: Thomson Reuters

Published May 02, 2016 - 12:55pm CST

The U.S. Supreme Court declined to hear a challenge to a Seattle law that will raise the city's minimum wage to $15 an hour.

Kroger, UPS sue over Central States reduction plan

By: Hazel Bradford and Rob Kozlowski, Pensions & Investments

Published May 02, 2016 - 12:27pm CST

A pending plan to cut benefits to members as part of a rescue plan for the Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Illinois, is facing challenges even before the U.S. Treasury Department acts on the fund’s application.

CN Rail struggled with track improvements after fiery derailments

Published May 02, 2016 - 10:53am CST

Canada's biggest railway struggled to keep some heavily used track in adequate repair even after a string of derailments last year.

OSHA electronic injury reporting rule clears final hurdle

By: Gloria Gonzalez

Published May 02, 2016 - 10:45am CST

The White House has signed off on a controversial rule that would expand electronic recordkeeping requirements for workplace injuries.

Deadlock broken over new Florida insurance regulator

By: Mark A. Hofmann

Published April 29, 2016 - 1:29pm CST

The announcement comes after months of disagreement between Florida's governor and chief financial officer.

Fall hazards result in fines for oft-cited contractor

By: Gloria Gonzalez

Published April 29, 2016 - 12:30pm CST

A New Jersey contractor is facing another series of citations from federal workplace safety regulators and total proposed fines of $789,536.

UPS claims proposed Central States benefit reductions illegal

By: Rob Kozlowski, Pensions & Investments

Published April 29, 2016 - 11:30am CST

United Parcel Service Inc., Atlanta, argued in an earnings presentation Thursday that the benefit reduction application by the Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Illinois, is not legal.

Finger amputation results in OSHA citations

By: Gloria Gonzalez

Published April 29, 2016 - 11:05am CST

A Georgia battery manufacturer is facing $127,300 in proposed fines from federal health and safety regulators after an employee suffered a partial finger amputation.

'Anonymous' leaks stolen Kenyan foreign ministry documents

By: Thomson Reuters

Published April 28, 2016 - 2:39pm CST

(Reuters) — Online activists who claim ties to Anonymous said on Thursday they had begun to leak documents from Kenya's foreign ministry as part of a campaign to expose government and corporate corruption across Africa.

Judge grants class action status to Merck sex discrimination case

By: Thomson Reuters

Published April 28, 2016 - 11:49am CST

(Reuters) — A federal judge has granted preliminary approval for a lawsuit accusing Merck & Co. Inc. of underpaying female sales representatives to go forward as a collective action.

Uber settlement creates dissatisfaction

By: Thomson Reuters

Published April 28, 2016 - 10:44am CST

(Reuters) — Uber's proposed settlement of a high-profile class-action lawsuit last week has drawn opposition from some drivers and other concerned parties.

Ironshore unit offers production contamination recall coverage

By: Joyce Famakinwa

Published April 27, 2016 - 2:54pm CST

Ironshore Inc.’s Pembroke Managing Agency Ltd. said it will offer product contamination recall insurance.

PBGC plan would halve fines for late premium payments

By: Jerry Geisel

Published April 27, 2016 - 2:09pm CST

Pension plan sponsors that are late in paying required annual Pension Benefit Guaranty Corp. premiums would pay much smaller penalties under a plan the agency proposed Wednesday

Whole Foods wins dismissal of PETA lawsuit over meat claims

By: Thomson Reuters

Published April 27, 2016 - 11:54am CST

(Reuters) - Whole Foods Market Inc. won the dismissal of a lawsuit by a well-known animal rights group that accused the grocery chain of deceiving consumers into believing the meat it sells is raised more humanely than normal, resulting in overcharges.

Labor Department rolls out new Family and Medical Leave Act guide

By: Judy Greenwald

Published April 27, 2016 - 11:24am CST

The Department of Labor's wage-and-hour division has issued a new guide to the Family Medical Leave Act.

UofK not cheering for Kentucky name share

Published April 27, 2016 - 10:57am CST

Can a state's name be trademarked?

UK lawmakers looking into failed department store, impact on public pension insurance fund

By: Thomson Reuters

Published April 27, 2016 - 9:27am CST

(Reuters) — British lawmakers expect to question retail billionaire Philip Green in the course of an inquiry into failed department store chain BHS's pension liabilities after the firm was put into administration on Monday.

EEOC can subpoena employer of undocumented worker

By: Judy Greenwald

Published April 26, 2016 - 1:15pm CST

The U.S. Equal Employment Opportunity Commission has the authority to subpoena an employer in a discrimination complaint filed by an undocumented worker, despite the unanswered question of whether the agency ultimately has jurisdiction in the case, says an appeals court in reversing a lower court ruling.

Firm ordered to pay for shorting workers as new overtime rules anticipated

By: Judy Greenwald

Published April 26, 2016 - 12:09pm CST

The Labor Department has ordered a human resources outsource provider to pay $1 million in back wages to workers.

Employer fined after worker killed by conveyor belt

By: Gloria Gonzalez

Published April 26, 2016 - 11:51am CST

A Wisconsin paper mill faces proposed penalties of $119,000 from federal regulators after a fatal workplace accident.

Kentucky Retirement Systems board ignores governor's order to remove chairman

By: Meaghan Kilroy, Pensions & Investments

Published April 25, 2016 - 9:23am CST

Kentucky Retirement Systems, Frankfort, conducted business as usual Thursday, with Chairman Thomas K. Elliott presiding over the regularly scheduled board meeting, despite earlier orders from Kentucky Gov. Matt Bevin that he be removed.

Investment advice rule heightens risk

By: Jerry Geisel

Published April 24, 2016 - 12:01am CST

A federal rule that puts retirement plan advisers at risk of civil penalties if they fail to consider customers' best interests also could put employers at risk should they or their providers offer suggestions on investments in the plans they sponsor.

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