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Penn State to compensate Sandusky victims

COLLEGE PARK, Pa., July 13 (UPI) -- Penn State University trustees have approved monetary compensation for most of the 30 men who alleged former football coach Jerry Sandusky sexually abused them.

Sandy Hook shooting victims' families may get $281,000 each

NEWTOWN, Conn., July 12 (UPI) -- Families of the 26 victims of the school shootings in Newtown, Conn., may receive $281,000 each under a proposal by a donations distribution committee.

Boston Marathon fund to issue checks to bomb victims

BOSTON, June 29 (UPI) -- A fund formed to help victims of the Boston Marathon bombing said Saturday it would distribute nearly $61 million to 232 claimants.

UPI NewsTrack Business

Markets hold back Monday ... TARP watchdog howls at pay increases ... Parents paying tuition linked to lower GPA ... Canada's wealthy outpacing everyone else ... News from United Press International.
TARP watchdog howls at pay increases

TARP watchdog howls at pay increases

WASHINGTON, Jan. 28 (UPI) -- A government watchdog said the U.S. Treasury Department signed off on big pay increases at bailout firms in 2012, ignoring taxpayers' interests.

Gulf spill payments will be increased

WASHINGTON, April 19 (UPI) -- An audit of compensation for victims of the 2010 BP oil spill found 7,300 people and businesses were "wrongfully denied or shortchanged," U.S. officials said.

Stage collapse victims' families get $35K

INDIANAPOLIS, Sept. 23 (UPI) -- Families of seven people killed when a stage collapsed at the Indiana State Fair in August will each get $35,000 from donations for victims, officials said.

Feinberg: Payout role requires 'backbone'

INDIANAPOLIS, Sept. 8 (UPI) -- Kenneth Feinberg says he'll need "backbone" while serving as a consultant on paying out $5.8 million in claims from the Indiana State Fair stage collapse.

Indiana to pay $5 million in State Fair stage collapse

INDIANAPOLIS, Sept. 1 (UPI) -- Indiana Attorney General Greg Zoeller says the state plans to pay out $5 million to cover claims by victims of the Indiana State Fair stage collapse.
BP says post-spill economy in south OK

BP says post-spill economy in south OK

WASHINGTON, July 11 (UPI) -- There are few cases in which there is justification for future compensation claims related to the Gulf of Mexico oil spill, British energy company BP said.

BP: Fund overseer offering too much money

HOUSTON, Feb. 17 (UPI) -- The administrator of the $20 billion fund to pay claims for the BP Gulf of Mexico oil spill is offering victims too much money, BP PLC said Thursday.
BP to settle 2,000 Gulf Coast claims

BP to settle 2,000 Gulf Coast claims

NEW ORLEANS, Feb. 12 (UPI) -- British petroleum giant BP is set to pay 2,000 claims for damages incurred during the Deepwater Horizon oil spill from the summer of 2010, an attorney said.

Report: Gulf could recover fast from spill

NEW ORLEANS, Feb. 2 (UPI) -- Much of the Gulf of Mexico should be back to normal by the end of next year, less than two years after the Deepwater Horizon oil spill, a report says.
Thousands of fake gulf claims suspected

Thousands of fake gulf claims suspected

NEW ORLEANS, Dec. 15 (UPI) -- A few thousand of the 460,000 claims filed in the gulf oil disaster seem fraudulent, federal compensation boss Kenneth Feinberg says.
Slow BP compensation angers Alabamians

Slow BP compensation angers Alabamians

GULF SHORES, Ala., Dec. 13 (UPI) -- Six months after oil from the Deepwater Horizon disaster hit the beaches of Alabama, many say BP's promised compensation has not come.
Pay for salaried GM staff still frozen

Pay for salaried GM staff still frozen

WASHINGTON, Dec. 10 (UPI) -- General Motors Co. Chief Executive Officer Daniel Akerson in Washington Friday said salaried staff would see no raises for another year.
BP claims process enters final phase

BP claims process enters final phase

WASHINGTON, Nov. 24 (UPI) -- The final settlement phase has begun in negotiating lump-sum settlements for people affected by the BP oil spill in the Gulf of Mexico, administrators said.
BP money, not oil, spilling over Gulf

BP money, not oil, spilling over Gulf

VENICE, La., Oct. 20 (UPI) -- Six months after the BP oil spill, U.S. compensation czar Kenneth Feinberg says he's paid out 75,000 claims totaling $1.5 billion of the $20 billion available.
BP compensation fund called vulnerable

BP compensation fund called vulnerable

LONDON, Oct. 16 (UPI) -- Funds made available for victims of the BP oil spill in the Gulf of Mexico are vulnerable to fraudulent claims, the U.S. administrator of the funding said.
Paymaster says job costs him money

Paymaster says job costs him money

WASHINGTON, Sept. 10 (UPI) -- Kenneth Feinberg says he didn't keep a dime of his salary as special paymaster for President Obama's administration. He said the job actually cost him money.
Big-bank execs not asked to return bonuses

Big-bank execs not asked to return bonuses

WASHINGTON, July 23 (UPI) -- Federal pay czar Kenneth Feinberg said Friday ill-advised bonus payments were made to executives of 17 U.S. financial firms in late 2008 and early 2009.

Bonuses back

With no major reports on U.S. economic data set for release Friday attention turned to a new report by Kenneth Feinberg on big bank bonuses.
AL SWANSON, United Press International

No mechanism yet for aiding oil workers

WASHINGTON, July 20 (UPI) -- Neither the Obama administration nor BP has released any details on how a fund, set up to pay oil workers for a deepwater drilling moratorium, will be handled.

BP looks at new 'static kill' option

VENICE, La., July 20 (UPI) -- Scientists are reviewing a new option for permanently sealing the oil well in the Gulf of Mexico, saying the option's simplicity is attractive.
$20 billion may not cover oil spill claims

$20 billion may not cover oil spill claims

WASHINGTON, July 11 (UPI) -- The U.S. administrator of the $20 billion fund for victims of the Gulf of Mexico oil spill said he doesn't know if that will cover claims that will ultimately be filed.
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