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Business groups disappointed over new Federal labor ruling that gives contract workers more bargaining power

The National Labor Relations Board had issued a new standard in labor force unionizing minimum wage workers under the service sector. This means companies and subcontractors handling them will be responsible over wages and working conditions. Businesses opposed the new ruling asserting it will increase labor cost in America.

Aug 31, 2015 1:29 AM EDT


Ashley Madison founder and CEO steps down

Ashley Madison founder Noel Biderman stepped down as Avid Life Media CEO. Temporarily, its board members will manage the company.

Aug 31, 2015 1:20 AM EDT


Tech companies are next targets for overtime pay cases - Oakland Labor Lawyer

Lawyer Bryan Schwartz recently won a settlement from the Bank of America worth $36 million for failing to pay employees the proper overtime rates. Schwartz said overtime cases will hit tech industries next.

Aug 31, 2015 12:12 AM EDT


Donald Trump still undecided to sign South Carolina's Republican Party pledge

Presidential billionaire candidate Donald Trump is yet to decide whether to sign the South Carolina Republican Party pledge, but the SC insists on it. Seems that Trump will gain votes as he had presented policy proposals to revive America.

Aug 30, 2015 11:58 PM EDT


Wall Street clocks biggest 2-session surge since 2008 crisis

The rebound on Wall Street has wiped out half of the losses it suffered during the worst crash ever since 2008 crisis. The market recovery on Wednesday and Thursday helped Dow Jones, S&P 500 and Nasdaq post gains of over six percent.

Aug 30, 2015 11:55 PM EDT


Is it the end of contract employment? Controversial NLRB Ruling makes companies responsible for violations made by contractors

The National Labor Relations Board (NLRB) made the biggest decision giving a ruling Thursday that companies can be liable for the labor violations done by their contractors and franchisees, which may end contract employment.

Aug 30, 2015 11:46 PM EDT


Donald Trump favors higher tax rate on rich, hedge funds

Republican Presidential candidate Donald Trump favored high taxes on rich and hedge funds. While asuring lower tax for middle class and other working people, Trump said he would stop corporate inversion that's costing Amercia trillions of dollars.a

Aug 30, 2015 11:38 PM EDT


Decline in revenues forces Caterpillar Inc to cut 475 jobs further

Caterpillar Inc has decided to further reduce its employess by 475 following decline in revenues. The sluggishness in global construction and mining sectors is impacting the heavy machinery manufacturer's performance.

Aug 28, 2015 8:02 AM EDT


Intel invested $60M to develop drones with Yuneec International

Intel, the semiconductor company invested $60M to China-based drone manufacturer, Yuneec International. The partnership aims to revolutionize the industry by using UAV to provide services.

Aug 28, 2015 7:59 AM EDT


1 billion people on a single day: Facebook sets new record

Facebook has set a new record in online users as it registered one billion people accdesing its website on a single day.

Aug 28, 2015 5:19 AM EDT


McDonald's rejects Burger King's McWhopper peace deal

McDonald's had declined the proposal of Burger King to team up for a cause. Burger King is hoping to unite the country's two favorites and best-loved burgers producing a hybrid peace-loving McWhopper even for just a day.

Aug 28, 2015 5:17 AM EDT


Accenture enhances parental benefits for US and Canadian parents

Accenture announces enhancements in their parental leave benefits. The enhanced parental benefits include giving both men and women the chance to work locally after the birth or adoption of their child.

Aug 28, 2015 5:14 AM EDT