- AIG profit lifted by AerCap, China investment; raises buyback
(Reuters) — Insurer American International Group Inc. reported a 5.6% jump in quarterly operating profit, driven by investments in one of China’s biggest insurers and earnings from aircraft leasing company AerCap.
- Black supervisor’s bias and retaliation claims reinstated
A federal appeals court has reinstated disparate treatment and retaliation claims filed by a former New York City official who claims she was demoted then terminated for complaining about discrimination in a city agency.
- Sirius XM will settle unpaid intern lawsuit for $1.3 million
(Reuters) — Sirius XM Radio Inc. has agreed to pay up to $1.3 million to settle claims that it violated U.S. labor laws by not paying interns, making the satellite radio provider the latest large company to settle such a case.
- Millennials expected to change benefits landscape
SAN FRANCISCO — Benefit offerings will continue to change as more millennials join the workforce, an expert said during the Disability Management Employer’s Coalition’s 2015 conference in San Francisco.
- Vermont captive formations up sharply
Vermont regulators licensed 14 captive insurers during the first seven months of 2015, up from just six captives during the same period last year.
- Acquisition boosts Crawford's revenue; special charges clip net income
Crawford & Co.’s revenue totaled $324.4 million in the second quarter of 2015, up about 6% from the same period in 2014, as its acquisition of GAB Robins Holdings U.K. Ltd.
- Percentage of African-Americans in management on decline
After rising during the 1970s through the 1990s, African-Americans’ participation rates in many job categories slowed or declined in the 2000s, says a report by the Equal Employment Opportunity Commission.
- Bill allowing surplus pension benefits to pay for retiree health care signed
President Obama Friday signed legislation that extends by four years a federal law that allows employers to remove surplus assets from overfunded pension plans to pay for retiree health care benefits.
- Boeing part reignites Malaysia jetliner mystery
Last week’s discovery of a Boeing 777 part washed up on the beach of the French island Reunion, reignites the mystery of missing Malaysia flight 370 that disappeared in March 2014.