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Tag: settles

GLOBAL MARKETS-Wall St gains, crude settles higher on signs of pandemic aid talks progress

October 8, 2020
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By Stephen Culp

NEW YORK, Oct 8 (Reuters) – U.S. stock indexes touched one-month highs and crude prices gained ground on Thursday amid signs of progress in fiscal aid negotiations.

U.S. House Speaker Nancy Pelosi said emergency aid for commercial airlines was a matter of national security and could only pass through Congress with assurances that negotiations will continue toward crafting a broader pandemic relief package.

And while White House adviser Larry Kudlow said the Trump administration would like to see “standalone” bills to provide additional unemployment assistance and extend the Paycheck Protection Program, Senate Leader Mitch McConnell warned there remain “vast differences” between Democrats and Republicans regarding the size of a more comprehensive deal.

“We’re seeing the broad market lift and certainly cyclical sectors are doing well,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “That shows that the market is anticipating some kind

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Bridgewater hedge fund settles former co-CEO’s gender pay lawsuit

October 6, 2020
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  • Bridgewater Associates, the world’s largest hedge fund, has settled its compensation fight with former co-CEO Eileen Murray. 
  • A spokesperson confirmed the deal, but offered no details on the settlement size or terms.
  • Murray originally filed her lawsuit in July, saying the firm balked on up to $100 million in deferred pay after she disclosed her internal dispute to an industry body. 
  • Visit Business Insider’s homepage for more stories.

Bridgewater Associates settled a multimillion-dollar gender pay-disparity lawsuit with its former co-CEO Eileen Murray for an undisclosed amount of money, it said Monday.

A spokesperson for the Connecticut-based hedge fund confirmed the settlement to Business Insider, saying: “We are pleased that we were able to amicably and fairly resolve the discussions around Eileen’s post-employment benefits.”

Murray, who helmed the $140 billion firm from 2009 to earlier this year, originally filed her complaint in July after departing. She claimed the firm withheld up

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Race track settles with feds for manure, urine discharges

September 30, 2020
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NEW ORLEANS (AP) — The owners of the horse racing track in New Orleans have agreed to pay a $2.8 million penalty for letting horse manure and urine into the city’s drainage system for at least six years and to spend twice that on ending the discharges, federal prosecutors say.

The U.S. Justice Department described the fine to be paid by Churchill Downs Inc., owner of the Fair Grounds Race Course & Slots, as the largest ever paid by a “concentrated animal feeding” operation under the Clean Water Act, news outlets reported.

The agreement settles a federal complaint alleging that the Fair Grounds violated that law and the track’s state permit more than 250 times between 2012 and 2018.

“This consent decree will stop the flow of untreated process wastewater into the local sewer system, which leads to local waters used for fishing and ultimately Lake Pontchartrain, in a way

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