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Wisconsin Piggly Wigglys Pay $570,000 In Back Pay, Rehires Employees

Piggly Wiggly Midwest, a Wisconsin supermarket chain, couldn’t wiggle out of the consequences of its piggish behavior with some of its unionized employees. Piggly Wiggly Midwest will pay more than $570,000 in back pay to 500 union employees at six Wisconsin stores as part of a settlement with the National Labor Relations Board (NRLB). The […]

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OSHA Cites Plains Gas Solutions After Explosion Severely Injures Worker

An explosion and fire at a liquid natural gas processing plant that seriously burned a worker could cost Plains Gas Solutions a $110,000 fine under a proposed settlement Occupational Safety and Health Administration, OSHA. OSHA cited Plains Gas Solutions in Eunice, La., on 27 August 2012 for one willful and seven serious violations involving OSHA’s […]

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Is There A Fraud In Your Midst?

By MARGARET HEFFERNAN– Despite high-profile fraudsters like former traders Jerome Kerviel and Nick Leeson, a recent survey by KPMG challenged the stereotype of the fraudster that is young, eager, and just out of his depth. In fact, fraudsters are most likely to be in senior management positions and to have been employed by their firm […]

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Employer Wellness Programs Tie Rewards, Penalties To Health Tests, Lifestyle Choices

By JULIE APPLEBY, KHN Staff Writer– Once a year, employees of the Swiss Village Retirement Community in Berne, Ind., have a checkup that will help determine how much they pay for health coverage. Those who don’t smoke, aren’t obese and whose blood pressure and cholesterol fall below specific levels get to shave as much as $2,000 […]

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Citigroup SEC Settlement Trashed By Federal Judge

By Marian Wang, ProPublica – When the Securities and Exchange Commission struck a deal with Citigroup over a failed security that the bank sold to investors, we asked whether regulators had handed Citigroup too sweet a deal. Today [28 Nov. 2011] in Manhattan, U.S. District Judge Jed Rakoff appeared to reach that very conclusion: “If the allegations of the Complaint […]

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Sweet Deal? Citi Bank Claims One SEC Settlement Clears All Charges

By Jesse Eisinger and Jake Bernstein, ProPublica In the run-up to the global financial collapse, Citigroup’s bankers worked feverishly to create complex securities. In just one year, 2007, Citi marketed more than $20 billion worth of deals backed by home mortgages to investors around the world, most of which failed spectacularly. Subsequent lawsuits and investigations turned […]

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Corporations Couldn’t Wait to ‘Check the Box’ on Huge Tax Break That Allegedly Created Jobs

By Jeff Gerth, ProPublica, and Megan Murphy and Vanessa Houlder, Financial Times This article was co-published with the Financial Times. A simple rule meant to cut paperwork for U.S. companies has grown into one of the biggest multinational tax breaks around, costing the United States and other governments billions of dollars in lost taxes each […]

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