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ThyssenKrupp Airport Systems Fined $172K for Hazards at Texas Site

The U.S. Department of Labor’s Occupational Safety and Health Administration has cited ThyssenKrupp Airport Systems Inc. with 28 serious safety violations at its Fort Worth, Texas, work site for exposing workers to “struck-by,” fall, amputation and shock hazards while they …

Texas’ 99 Cent Stores Fined $121K for Safety Violations

The U.S. Department of Labor’s Occupational Safety and Health Administration has cited Commerce, Calif.-based 99 Cent Only Stores Texas Inc. with 19 serious safety and health violations at the company’s Houston distribution center. Proposed penalties total $121,000. The alleged violations …

Iowa Judge: Texas Firm Must Pay Disabled Workers $1.4M

A Texas company that profited for decades by supplying mentally disabled workers to an Iowa turkey plant at wages of 41 cents per hour must pay the men $1.37 million in back wages, a federal judge has ruled. The judgment …

Judge Fines Las Vegas Sands Corp. $25,000 in Termination Lawsuit

A Nevada judge has fined Las Vegas Sands Corp. $25,000, citing its failure to disclose important information in a lawsuit filed by a fired executive against the casino company. Clark County District Judge Elizabeth Gonzales has ruled that Las Vegas …

Standard Chartered Reaches $340 Million Settlement in New York over Iran

Standard Chartered Plc agreed to pay $340 million to New York’s bank regulator over transactions linked to Iran, in a speedily arranged deal that helped push up the emerging market-focused lender’s shares. The deal with New York Superintendent of Financial …

Texas Regulators Fine Loya Insurance for Improper Ads

Texas regulators have fined Loya Insurance Co. $300,000 for what investigators call unfair and deceptive business practices. The Department of Insurance also says Loya failed to file accurate information on rates for its 210,000 drivers in Texas. The company has …

Judge Reduces Prison Sentence of Chicago Insurance Mogul

A federal judge has spared a former Chicago executive the necessity of serving the final few months of his prison sentence for stealing millions from his insurance brokerage. U.S. District Judge Ruben Castillo, citing glowing reports of his behavior in …

UK’s FSA Fines Mitsui Sumitomo Insurance (Europe) $5.4 Million; Bans Exec

The UK’s Financial Services Authority (FSA) announced that it has fined Mitsui Sumitomo Insurance Company (Europe) Ltd (MSIEu) £3.345 million [$5.4 million] “for serious corporate governance failings, and imposed a ban and fine of £119,303 [$192,622] on its former executive …

Texas Company Fined $164K for Safety Violations

The U.S. Department of Labor’s Occupational Safety and Health Administration has cited Houston-based IFCO Systems North America Inc. with 10 serious, three repeat and six other-than-serious violations for exposing workers to safety and health violations at its facility on Tacco …

Brazil Fines Chevron $28 Million for Oil Spill; Backlash Feared