North America
14 US states will increase minimum wage in 2016
The majority of states in the United States including major cities will implement new minimum wage rate starting this year as workers continue to strike and demanding a better payment. Workers have been under pressure lately as the cost of living continues to increase yet their minimum wage remains the same.
Oil slump hits $125-mn property debt in North Dakota
The continuous drop in oil price for the past 18 months may impact $125 million real estate-backed securitized loans in North Dakota. The oil drillers in North Dakota have reduced their activity in the wake of lower oil prices. The reduced activity in shale hubs is poised to dampen the property market in North Dakota.
Chipotle in Boston Reopen After Norovirus Outbreak
Chipotle reopen its Boston restaurant in Cleveland Circle on Christmas. After an outbreak of norovirus in its outlet earlier, the Mexican Grill would have to close its restaurant for inspection.
Regulators penalized BMW $40M for slow mini car recall
BMW North America faces a penalty of up to $40 million by U.S. auto-safety regulators for recall failures. According to US News, U.S. safety regulators have fined penalty with German automaker BMW AG with $40 million for a reason of not fast fixation of their Mini brand cars that failed federal crash tests.