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Sunday, July 20, 2008

A crane collapsed Friday in Houston, Texas killing 4 people and injuring 7 more. The crane, which stood 30-stories-tall, fell down at the LyondellBasell oil refinery in Houston, Texas. The crane could lift up to 1 million pounds.

“This is a traumatic experience for all of us. We have to focus on the safety and health of our employees,” said Jim Roecker of LyondellBasell.

The company has about 3,000 employees at the oil refinery and another 1,500 contract workers.

Margaret Landry, a spokesperson for Deep South Crane & Riggen, which built, owned and operated the crane, said: “It is a family-owned business, and we are grieving right now with our employees and families going through this tragedy. We’re just getting through it.”

Occupational Safety and Health Administration began its onsite investigation on Saturday.

Thursday, July 3, 2014

Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm.

Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of millions of dollars lost. The Senate enquiry called for a Royal Commission into the bank, and the Australian Securities and Investments Commission (ASIC).

Mr Narev stated the bank’s performance in providing financial advice was “unacceptable”, and the bank was launching a scheme to compensate clients who lost money due to the planners’ actions.

In a statement Mr Narev said, “Poor advice provided by some of our advisers between 2003 and 2012 caused financial loss and distress and I am truly sorry for that. […] There have been changes in management, structure and culture. We have also invested in new systems, implemented new processes, enhanced adviser supervision and improved training.”

An investigation by Fairfax Media instigated the Senate inquiry into the Commonwealth Bank’s financial planning division and ASIC.

Whistleblower Jeff Morris, who reported the misconduct of the bank to ASIC six years ago, said in an article for The Sydney Morning Herald that neither the bank nor ASIC should be in control of the compensation program.

Wednesday, April 4, 2012

The following is the fifth in a monthly series chronicling the U.S. 2012 presidential election. It features original material compiled throughout the previous month after a brief mention of some of the month’s biggest stories.

In this month’s edition on the campaign trail, a politician from outside the fifty states receives significant mention as a potential Republican Party vice presidential nominee, Wikinews gets the reaction of three Democratic Party candidates after the party strips delegates from two of their fellow challengers, and a minor third party removes its presidential nominee for fraud.

Tuesday, January 3, 2006

Three miners have escaped uninjured after being trapped underground by a mineshaft fire on Tasmania’s west coast. The men took shelter in a chamber more than a kilometre underground. A worker noticed smoke coming from a shaft at Avebury nickel mine on Trial Harbour Road near Zeehan at 7.45am.

The blaze started after a truck working 400 metres underground toppled and caught fire. It took nearly five hours for rescue teams to bring the blaze under control, move the burning truck and reach the trapped miners.

Allegiance Mining chairman Tony Howland-Rose said the workers were safe. “The emergency response procedures in place at Avebury were activated and resulted in the vehicle fire being extinguished and the safe rescue of the miners,” Mr Howland-Rose said.

Ambulance crews say the men appear to be in good health. Queenstown Police Inspector Mark Beech-Jones says rescue workers reached the men just before midday.

“We’ve dispatched a number of ambulance service personnel there just to give them a check up but from our initial discussions with them, they are fine,” he said.

The Avebury nickel mine is a new project for the Sydney-based company – Allegiance Mining. Allegiance suspended trading on the stock exchange this morning. Mr Howland-Rose said the suspension of trading would be in place until it became clear what had happened at the mine.

The mine is undergoing a $60 million redevelopment and was due to resume mining later this year.