Monthly Archives: <span>March 2013</span>

NYC Sandy Home Repair Program Wraps Up After Fixing 20K Homes

A novel endeavor to make flooded homes habitable after Superstorm Sandy is wrapping up after repairs to more than 20,000 houses and apartments, Mayor Michael Bloomberg said last Friday, March 22. As officials faced the challenge of housing thousands of …

Florida Skydivers’ Deaths Under Investigation

Two skydivers from Iceland who died during weekend jumps at a popular southwest Florida camp did not deploy their main parachutes, the co-owner of the facility said. Deputies found the bodies of a skydiving instructor and a student Saturday after …

South Carolina Cites 300 Firms for Illegal Workers

South Carolina officials have cited more than 300 businesses for immigrant worker violations. The State newspaper reported that state labor department officials cited 323 businesses in the first year of mandatory immigration checks for employees. Labor department spokeswoman Lesia Kudelka …

Aon Risk Solutions Names COO for Greater New York Region

Aon Risk Solutions, the global risk management business of Aon plc, announced the promotion of Matthew Schneider as chief operating officer for the Greater New York region.Based in Aon’s New York office, Schneider will focus on retaining clients, optimizing service …

Bankers to Be Held Personally Liable for Sanctions Violations: U.S. Treasury

The U.S. Treasury Department plans to hold bankers personally responsible and subject them to fines when their banks help countries such as Iran evade economic sanctions. The shift is in line with recently declared intentions also to hold individual bankers …

SEC Approves Nasdaq Deal for Facebook IPO But Lawsuits Could Follow

U.S. regulators approved Nasdaq OMX Group’s $62 million compensation plan for firms that lost money in Facebook Inc.’s glitch-ridden market debut, a victory for the exchange operator that also set the stage for potential lawsuits from firms seeking more. The …

Congressmen Renew Push for Tougher Federal Mine Safety Laws

With five coal mining fatalities in West Virginia so far this year, Democratic U.S. Rep. Nick Rahall is renewing his push for tougher federal laws. He and Rep. George Miller, D-Calif., are co-sponsoring a new version of legislation that’s languished …

Evacuation Saved Lives, Says Transocean Deepwater Horizon Safety Officer

The officer in charge of safety on Transocean’s Deepwater Horizon drilling rig, destroyed in a BP well accident that caused the worst-ever U.S. offshore oil spill, said the post-blowout fire was too big to fight and the evacuation saved lives. …

France Threatens to Delay Quick Start of EU-U.S. Trade Talks

France threatened on Monday to delay the swift start of EU-U.S. trade talks if its red lines on culture and farm produce are not respected. Brussels and Washington hope to start negotiations in June on a transatlantic free-trade agreement that …

AXA in Exclusive Deal to Sell Stake in Private Equity Division

France’s AXA Group announced that its asset management subsidiary, AXA Investment Managers (AXA IM), has received an irrevocable offer from an investor group for its entire stake in AXA Investment Managers Private Equity SA (AXA Private Equity). AXA said the …