News

American International Group Inc., the Federal Reserve Bank of New York and the U.S. Treasury department have officially signed a deal to repay the government for sustaining the massive company.

Corporate America and trial lawyers are anxiously awaiting a decision from the U.S. Supreme Court, which has agreed to hear an appeal in a discrimination lawsuit case involving thousands of women seeking class-action status against Wal-Mart.

Since the 1970 enactment of the Occupational Safety and Health Act, workplace injuries are sharply down, but compliance remains spotty and easily preventable deaths continue, according to a report by the Workers Compensation Research Institute.

The bipartisan tax cut legislative package unveiled by the Senate would include the most generous of all the estate tax provisions talked about over the last five years.

A Treasury official said the government is still working on the timing to sell its interest in American International Group, but it wants to do it as soon as practicable.

The insurance industry should see higher information technology budgets next year as more midsize property and casualty insurers say they anticipate increasing their 2011 information technology spending.