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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The chairman and vice chairman announced they would forgo stock compensation to create an estimated $2 million annual pool for bonuses to employees.
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Things have gone from bad to worse at Alliance Gaming (NYSE: AGI), the nation&#39;s number-two slot manufacturer. A weak first-quarter outlook incited the wrath of investors
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The players' association filed two unfair labor practice charges Friday against the NBA over issues with the new ball and the league's crackdown on player complaints.
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A former Wal-Mart employee fired over an alleged conflict of interest accuses the firm's boss of also taking favours.
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In a lawsuit, the commission alleges that two companies engaged in unfair acts and practices with their marketing and software.
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Some companies have ousted their CEOs for merely being around during stock option scandals. Those companies weren't led by Steve Jobs.
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AFC Enterprises Inc. (Nasdaq: AFCE) has filed a lawsuit against Arthur Andersen LLP, two of its former partners and a former audit manager charging that the defendants violated generally accepted auditing
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US investigations into the sale of insurance that can smooth out volatile earnings have widened significantly. Ace, a big Bermuda insurer with extensive operations in the United States, said late Monday that
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Two former executives at America Online face multiple charges of fraud stemming from transactions with a small software provider.
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The Connecticut attorney general accused the Marsh & McLennan Companies and a unit of the Ace Group of increasing costs for workers' compensation insurance.
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Two contractors from Reading were indicted yesterday for allegedly embezzling about $100,000 from clients, abandoning a series of projects, failing to pay subcontractors, and operating without a certificate of registration.
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Two former underwriters at Zurich American Insurance Co. pleaded guilty yesterday to participating in rigging fake bids in an ongoing investigation into insurance industry practices led by New York Attorney General Eliot Spitzer.
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D.C. officials were told last year that lax enforcement of security procedures made it possible for a handful of contract employees to steal tens of thousands of dollars in lottery tickets and prize money, according to records released this week in response to a Freedom of Information Act request...
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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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At least two Americans died in a blast at the office of an American firm that provides security for President Hamid Karzai.
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Toys &#39;R&#39; Us played the cruel Grinch with the sudden firing yesterday of an estimated hundreds of employees in a desperate cost-cutting move at the embattled toy store.