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.
Legal & Regulatory
Takata doubling U.S. recall for defective air bags to 34 million vehicles
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.
Los Angeles gives preliminary approval to $15 minimum wage
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
FBI looking into suspicious bid for Avon
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 adds to Takata air bag recalls; global tally now around 36 million
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.
Latest News
Hong Kong's financial watchdog is set to finalize new rules on so-called "dark pools" within the next few days, a source familiar with the regulator's thinking said on Thursday.
U.S. aviation regulators are talking to drone makers and service providers about testing commercial drones that can fly beyond an operator's visual line of sight, currently banned for safety reasons, according to people with knowledge of the discussions.
Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental groups.
Lawmakers in the House of Representatives who are trying to end the decades-old ban on U.S. crude oil exports said on Thursday they were gaining support after a Democrat joined the Republican-led effort. Representative Henry Cuellar became the first Democrat to sign on to a bill launched in February by Representative Joe Barton, a Republican and fellow Texan.
Beijing authorities have fined U.S.-based J.R. Simplot's China processing unit, which supplies frozen french fries to McDonald's Corp, 3.92 million yuan ($632,370) for water pollution, state media and Simplot said.
U.S. Agriculture Secretary Tom Vilsack on Monday asked China to drop a ban on imports of U.S. poultry imposed because of an outbreak of bird flu in chickens and turkeys.
China needs to cut lending to coal-related industries and shift more financing to cleaner businesses in order to address a huge funding gap that is hindering the country's war on pollution, a study drawn up in part by central bank researchers said.
China will switch to a "registration system" for initial public offerings (IPO), ending the current approval process, the official China Securities Journal reported on Tuesday, a day after parliament began reviewing draft changes to the Securities Law.
Sweden's financial watchdog may increase the amount of capital the country's banks must set aside as reserves in a bid to cool a red-hot housing market, it said on Tuesday.
