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Citigroup to pay $15 million to settle U.S. compliance charges

Citigroup fined againA unit of Citigroup Inc (C.N) will pay $15 million to settle civil charges alleging it failed to enforce policies designed to prevent and detect insider trading, U.S. regulators said.

Wednesday's settlement with the Securities and Exchange Commission marks the second time this week that Citigroup has been dinged for regulatory failures.

Earlier this week, two units of the bank also agreed to pay another $180 million to settle charges it defrauded hedge fund investors during the financial crisis. A Citigroup spokeswoman said the company is "pleased to have the matter resolved."


Three missing, one critically injured after Motel 6 gas leak explosion

Motel 6 explosionA gas leak explosion at a Motel 6 in a Seattle, Wash., suburb caused a partial building collapse and injured at least one person as three others remain missing.

The explosion in the Bremerton suburb was so severe it blew firefighters who were on the scene about 20 feet back. Hotel employees reported a gas leak after detecting a natural gas smell at 7:54 p.m. local time and people began to evacuate. The explosion happened at 8:24 p.m.


IRS hack far larger than first thought

IRS hackedA hack of the Internal Revenue service first reported in May was nearly three times as large as previously stated, the agency said Monday.  Thieves have accessed as many as 334,000 taxpayer accounts, the IRS said.

In May, the IRS reported that identity thieves were able to use the agency's Get Transcript program to get personal information about as many as 114,000 taxpayers.


Former Fairfax Co. officer indicted in John Geer shooting

Adam Torres indictedA former Fairfax County police officer has been indicted for murder in the fatal 2013 shooting of John Geer, who was shot and killed on his doorstep while standing with his hands raised Adam Torres, who is no longer with the police department, has been indicted by a special grand jury. Torres turned himself in Monday night and is being held without bond.

"I am quite happy that they did things in an expeditious way because they could've taken six months to come to a decision," said Don Geer, John Geer's father. "I figured that eventually justice would prevail, although it took longer than I would've liked."




Jeff Bezos defends Amazon after NYT exposé of working practices

Jeff bezosAmazon founder and chief executive Jeff Bezos has defended his company after allegations of employee cruelty made by the New York Times.

In a rare communication from the 51-year-old, Bezos told staff to carefully read the “very long” article and compared it with a “very different take by a current Amazonian” in an internal all-staff email.

Bezos said: “The article doesn’t describe the Amazon I know or the caring Amazonians I work with every day. But if you know of any stories like those reported, I want you to escalate to HR.”


Planned Parenthood Seeks Injunction Against Florida Health Agency

Rick ScottPlanned Parenthood sought an emergency legal injunction on Monday against Florida health officials to block the use of what it says are "new and unpublished" standards to define pregnancy gestation periods.

The legal move filed in circuit court in Tallahassee comes after Florida's Republican Governor Rick Scott ordered a probe last month of the state's 16 Planned Parenthood locations which resulted in three clinics being cited Aug. 5 for illegally performing abortions in the second trimester.


National labor board dismisses ruling that would have allowed college athletes to unionize.

College athletes may not unionize: rulingThe National Labor Relations Board announced Monday that it will not uphold its Chicago office's 2014 ruling that Northwestern's football players are employees of their university. That means athletes in private schools will not be able to unionize. The board punted on deciding whether athletes are employees, but will not let Northwestern players unionize.

The main issue in the board's eyes? Deciding on the difference between public and private schools, since public schools would not be covered under this ruling:


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