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.
Legal & Regulatory
Oracle says Rimini Street copyright trial to begin in September
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.
Australian state could change mining approval rules, impact Rio Tinto project
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.
U.S. banks post detailed crisis plans to avoid breakup threat
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 curbs IPOs, enlists brokers in all-out bid to end market rout
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.
Latest News
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.
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.
US-based ride-sharing company Uber and its local rival Ola's licence applications has been rejected by the Delhi government, according to Reuters.
Hong Kong's securities regulator said on Friday it will propose laws boosting cooperation with its foreign counterparts, at a time when the emergence of a number of cross-border fraud and corruption scandals make such collaboration vital.
A trial program allowing unauthorized dealers to sell imported cars will be extended to the northern city of Tianjin, China's state media said on Sunday, as the government moves to rein in high-end car prices.
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.
