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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 […]
Continue reading …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 […]
Continue reading …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 […]
Continue reading …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 […]
Continue reading …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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