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Axa Raises $7 billion Fund for Buyout Deals (Financial Times)
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Axa Private Equity has raised the biggest fund targeting investors looking to sell out of their buyout positions, in an effort to scoop up a flood of private equity interests being sold at a discount by banks and financial institutions.
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Vast Defenses Now Shielding New Orleans from Storms (New York Times)
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Nearly seven years after flood waters from Hurricane Katrina gushed over New Orleans, $14.5 billion worth of civil works designed to block such surges are now in place.
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Study: Fracking Wells Can Cause Quakes (Cleveland Plain Dealer)
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Hydraulic fracturing for shale oil and gas poses little risk of an earthquake, a massive new study says. But the injection of used fracking water into deep wells poses a higher risk.
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Judge Caps Contingency Fees in BP Settlement (Associated Press)
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federal judge on Friday imposed a 25 percent cap on contingency fees for attorneys whose clients resolve their claims against BP over the 2010 oil spill in the Gulf of Mexico through a multibillion-dollar settlement agreement.
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Carlotta Weakens over Mexico, Two Dead (Reuters)
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Tropical Storm Carlotta weakened into a tropical depression on Saturday after battering Mexico's Pacific coast and killing at least two children whose house collapsed in a landslide.
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Sept. 11 Health Fund Given Clearance to Cover Cancer (New York Times)
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A federal health official's ruling has cleared the way for cancer to be added to the list of sicknesses covered by a $4.3 billion fund set up to compensate and treat people exposed to the toxic smoke, dust and fumes after the Sept. 11, 2001, terrorist attacks.
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Financial Guaranty Insurance to Be Taken Over by New York (Bloomberg)
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Financial Guaranty Insurance Co. said it has consented to a proceeding in which New York's insurance regulator will take over the bond insurer.
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Surge in Product Recalls May be Numbing Consumers (USA Today)
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U.S. regulators, retailers and manufacturers are growing increasingly concerned that a surge in the number of products being recalled is resulting in "fatigue" by the public - increasing the chance that consumers could ignore or miss a recall that could ultimately endanger their health.
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Loophole at MF Global is Headache for Regulators (Wall St. Journal)
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Most of the senior executives at MF Global Holdings Ltd. weren't registered with commodities regulators, meaning the executives can't be charged with supervision failures related to the firm's collapse.
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The Microinsurance Revolution (New York Times)
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Microinsurance is gaining popularity in emerging markets.
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More Than 6 Million LinkedIn Passwords Stolen (Yahoo! News)
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LinkedIn said that it is investigating reports of an apparent hack, after millions of LinkedIn passwords were said to be leaked online.
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Is Chagas Disease "AIDS of the Americas?" (New York Times)
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Chagas disease, caused by parasites transmitted to humans by blood-sucking insects, has been named "the new AIDS of the Americas" in a lengthy editorial published in PLoS Neglected Tropical Diseases
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Florida Worry Season Starts (Wall St. Journal)
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Although it's gone six years since its last hurricane, Florida braces itself for the long season.
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Pain Pills Add Cost and Delays to Job Injuries (New York Times)
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Workplace insurers spend an estimated $1.4 billion annually on narcotic painkillers, or opioids. But they are also finding that the medications, if used too early in treatment, too frequently or for too long, can drive up associated disability payouts and medical expenses.
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Illinois Grain Blast Victims Get $181 Million (Huffington Post)
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federal jury sided against ConAgra Foods Inc. and a subcontractor Friday in awarding roughly $181 million in damages to three workers severely injured in a 2010 explosion at a southern Illinois grain elevator.
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