Apple and Nike will reportedly settle the claim filed two years ago over a misleading ad about the exact capability of Nike+ FuelBand, offering either $15 cash or $25 gift cards on its stores in the U.S. and Puerto Rico.
Legal & Regulatory
These are the US cities with higher wage growth than the national average
Cities such as Columbus (Ohio), San Francisco, Louisville (Ky), Virginia Beach (Va) are registering encouraging growth in wages of over five percent while other cities have only 2.1% growth.
New Yorkers thumbs up to $15 per hour wage increase
New Yorkers see no problem in paying more for fast food items just so fast food workers can earn more. Last month, the New York State's wage board approved the much controversial $15 per hour minimum wage for fast food workers and such wage increase would mean an increase of 4.3% in fast food prices.
Citibank Under Investigation: CFPB Probes Student Loan Services
Citibank admitted on Monday that it is under investigation by the Consumer Financial Protection Bureau (CFPB) over its student loan services.
University of Phoenix under FTC scrutiny for possible unfair business practices
Since 2009, the University of Phoenix has received $488 million from its online programs that are popular to military veterans with GI Bill benefits. The Federal Trade Commission is investigating the University for unfair and deceptive practices involving veteran students.
Latest News
U.S. authorities dig deeper into the alleged FIFA financial fiasco, contacting more than half a dozen banks associated to the football corruption scandal.
District 43 assembly member Mike Gatto and Sen. Ted Gaines wrote Senate Bill 167 and 168 intended to penalize drone operators for flying near the wildfire site in Sacramento, California.
New York moved on Wednesday to raise the minimum wage for fast-food workers to $15 an hour by the end of 2018 in New York City and by mid-2021 in the rest of the state.
Oracle Corp (ORCL.N) said its copyright infringement lawsuit against software support services company Rimini Street Inc and the smaller rival's Chief Executive Seth Ravin would go to trial in September.
The Australian state of New South Wales has proposed changing its mining approval process to give greater consideration to environmental concerns, potentially threatening a colliery expansion planned by mining giant Rio Tinto Ltd.
A dozen of the largest Wall Street banks on Monday published detailed plans to show how they would shut down their business during a crisis without the help of taxpayer money, a crucial step to prevent being broken up by regulators.
China froze share offers and set up a market-stabilization fund on Saturday, the Wall Street Journal said, as Beijing intensified efforts to pull stock markets out of a nose-dive that is threatening the world's second-largest economy.
A senior U.S. official told China on Friday that its legal imports of ivory act as a loophole for illegal traders, and that it needs to understand the importance of wildlife NGOs.
EU governments extended for a year a ban on trade and investment with Crimea on Friday, meaning European help for Russian Black Sea oil and gas exploration and visits by European cruise ships will remain outlawed.
