Bank unions defer June 27 strike as IBA agrees to initiate talks

Bank unions on Thursday deferred their proposed June 27 strike as Indian Banks’ Association (IBA) agreed to initiate negotiation talks on their demands. The United Forum of Bank Union (UFBU), an umbrella body of nine bank unions, including All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association … Read more

Google Agrees to Pay $118 Million to Settle Pay Equity Suit

New You can now listen to Insurance Journal articles! Alphabet Inc.’s Google agreed to pay $118 million to settle a gender discrimination lawsuit with about 15,500 female employees, lawfirms representing the women said in a statement. In addition, an independent expert will analyze Google’s hiring practices and and independent labor economist will review the company’s … Read more

Google agrees $118mn settlement over claim it underpaid women

Google has agreed to pay $118mn to settle a class-action lawsuit alleging the tech giant had systematically underpaid women in California, in violation of state law. Google has also agreed to have a third-party expert analyse the group’s hiring practices and for a labour economist to review its pay equity studies. An external Settlement Monitor … Read more

Legal Technology Firm TCDI Agrees to Acquire Aon’s eDiscovery Practice

TCDI, theGreensboro, N.C.-based provider of legal services, software and cyber security, announced it has signed a definitive agreement to acquire insurance broker Aon’s eDiscovery practice. The acquisition will strengthen TCDI’s existing eDiscovery offerings, adding expansive advisory services such as information governance to its comprehensive legal solutions. The acquisition will add Aon’s NOMAD mobile processing platform, … Read more

Howden agrees to buy reinsurance broker TigerRisk

London-based insurance and reinsurance broker Howden Group Holdings Ltd. said Thursday it has acquired U.S. reinsurance brokerage TigerRisk Partners LLC. Sources close to the deal said the purchase price was $1.6 billion. The combined reinsurance business will have close to $400 million in reinsurance brokerage revenue and employ about 450 people, a Howden statement said. … Read more

Aon agrees to sell e-discovery practice

Aon PLC has agreed to sell its e-discovery practice to legal and cyber services provider Technology Concepts & Design Inc. Terms of the deal, which is expected to close within 30 days, were not disclosed. According to a statement from Greensboro, North Carolina-based TCDI, the deal will include Aon’s NOMA mobile processing platform, and personal … Read more

Movement Mortgage agrees to resolve discrimination claims

Movement Mortgage agreed to resolve racial discrimination and disparate treatment claims by allocating $75,000 to organizations working toward equitable housing solutions.  In October, the National Community Reinvestment Coalition filed a complaint with the Department of Housing and Urban Development, claiming a Movement loan officer engaged in discriminatory practices in two separate testing scenarios conducted months … Read more

OPEC+ Agrees on Bigger Oil-Production Hikes for Coming Months

(Bloomberg) — OPEC+ will increase the size of its oil-supply hikes by about 50%, bowing to months of pressure from major consumers including the US to help ease the pain of high energy prices. Most Read from Bloomberg Ministers agreed on Thursday that the group should add 648,000 barrels a day of oil to the … Read more

Toshiba agrees ceasefire with investors but fight is far from over

For four years, Toshiba has been at war with its investors in an acrimonious conflict that has smashed the decades-old conventions of corporate Japan. But now, after a bruising series of clashes and defeats for the company in shareholder votes, Toshiba is poised to make history once again — with a ceasefire. In a decision … Read more