ACE fires two employees in bid-rigging controversy
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ACE Ltd. has fired two employees and suspended three others over their alleged involvement in the contingent commissions scandal that is being investigated by New York Attorney General Eliot Spitzer.
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Two senior officials at the Bureau of Alcohol, Tobacco, Firearms and Explosives who opposed many questionable management and spending decisions by the agency's former director are being moved to lower-ranking positions effective Thursday, officials said.
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The company announced the firings on Thursday along with a restructuring plan that included layoffs of about 3,500 employees.
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The work may have been subcontracted to another firm.
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Two former executives at Gateway were found liable on claims that they manipulated financial results to meet Wall Street expectations in 2000.
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NEW YORK (CBS.MW) -- Ace Ltd. said Thursday it fired two employees and suspended three others as part of an internal investigation into improper business practices.
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Manager Phil Garner and general manager Tim Purpura were fired yesterday by the Houston Astros, less than two years after leading the team to its first World Series appearance.
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The furor over a company from the United Arab Emirates operating terminals at the Port of Newark has been nearly matched this week by turmoil surrounding its exit.
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While the Yankees tear out their hair trying to decide what to do about Jason Giambi, the Rockies fired Denny Neagle, who was arrested for soliciting a woman for prostitution.
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Ace Ltd., a Bermuda-based property and  casualty insurer, on Wednesday said its Ace USA unit's chief  executive resigned as it widened a probe into possible  misconduct by employees.
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Robert Polet moved quickly yesterday to put out the first major fire he has faced since joining the Gucci Group as its chief executive, by firing a division head who was accused of disloyalty.
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ACE Ltd. yesterday became the latest insurance company to unveil changes in its business practices in response to the industry probe launched by New York&#39;s attorney general.
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Romanian striker Adrian Mutu, who was dismissed by English premier league club Chelsea for taking cocaine before being banned by the Football Association last week, fired his agents on Monday.
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The move is a step sought by two unions in exchange for dropping legal action against the carrier. If the hiring of Bridge Associates LLC is formally approved in bankruptcy court, the move will end a two-month
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Broker Marsh &amp; McLennan Cos.&#39; (MMC.N: Quote, Profile, Research) internal investigation into accusations of insurance bid-rigging has triggered the dismissal of four executives in recent days, a company representative said on
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THE REGION Procter &amp; Gamble Co. has eliminated 2,800 positions over the past fiscal year, with more than half coming from Gillette, as a result of P&amp;G's takeover of the Boston shaving firm. P&amp;G's $54 billion acquisition of Gillette is expected to result in an estimated 5,000 job cuts from the combined workforce of about 140,000. Already, Boston has lost ...
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At least two Americans died in a blast at the office of an American firm that provides security for President Hamid Karzai.