Legal & Regulatory

Los Angeles mayor signs $15/hour minimum wage hike into law

Los Angeles Mayor Eric Garcetti on Saturday signed a law hiking the city’s minimum wage from $9 an hour to $15 by 2020, an increase that will affect hundreds of thousands of workers.


U.S. probes Nike payments under Brazil soccer deal: WSJ

U.S. authorities are examining payments made by Nike Inc under a 1996 soccer sponsorship deal with Brazil for possible evidence of wrongdoing by the company or others, the Wall Street Journal reported on Friday, citing people familiar with the matter.

ECB plans more health checks for banks in 2016: Nouy in paper

Euro zone banks should expect another round of health checks in 2016, the European Central Bank's top banking supervisor was quoted as saying, adding that Greece's banks remained solvent.

New Delhi rejects license applications of taxi firms Uber, Ola

US-based ride-sharing company Uber and its local rival Ola's licence applications has been rejected by the Delhi government, according to Reuters.


Latest News

The top U.S. telecommunications regulator wants to make it harder for telemarketers and other businesses to place unwanted robocalls and text messages under changes to autodialing rules proposed on Wednesday.
Charter Communications Inc, seeking to remake the U.S. cable television industry by acquiring larger rival Time Warner Cable Inc for $56 billion, will try to skirt the regulatory obstacles that helped sink Comcast Corp's earlier bid for Time Warner Cable.
A group of 18 mostly Democratic U.S. senators on Friday urged the Obama administration to stop Royal Dutch Shell's preparations for oil exploration in the Arctic, saying the region has a severely limited capacity to respond to accidents.
Japanese air bag manufacturer Takata Corp is doubling a recall of potentially deadly air bags to nearly 34 million vehicles, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesday.
The Los Angeles City Council gave preliminary approval on Tuesday to raise the hourly minimum wage to $15 an hour by 2020 for companies with more than 25 employees, while giving smaller businesses an extra year to meet that benchmark
The Federal Bureau of Investigation is probing the suspicious buyout bid for cosmetics company Avon Products Inc (AVP.N) by purported acquirer PTG Capital Partners, an agency official said on Friday.
Honda Motor Co (7267.T) on Thursday recalled close to 5 million vehicles fitted with potentially faulty Takata Corp (7312.T) air bag inflators, as investigations showed the problem behind one of the biggest auto safety crises may be more widespread than thought.
Japan's three biggest carmakers said on Wednesday they would expand a huge global recall triggered by potentially fatal air bags made by Takata Corp, saying they were taking back millions of vehicles worldwide for investigation.
New York Governor Andrew Cuomo said on Wednesday he would create a so-called Wage Board, a move apparently designed to allow him to raise the minimum wage without the approval of state lawmakers.
Emmeryville, a small city in the San Francisco Bay Area, has given initial approval to the nation's highest minimum wage by setting baseline pay at $16 an hour in 2019, with gradual increases leading up to that level.