White House Extends Minimum Wage to Nearly 2 Million Health Care Workers
The Department of Labor announced Tuesday that it will extend minimum wage and overtime protections to nearly 2 million home health care workers.
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SEC Charges 23 Firms for Illicit Short Selling Practices
The Securities and Exchange Commission is charging 23 investment firms for short selling violations amid an effort to crack down on firms that try to manipulate IPO pricing.
Microsoft Announces $40 Billion Buyback Program
Microsoft announced that it will buy back $40 billion worth of its own shares and increase its quarterly dividend to 28 cents per share in an effort to reward investors amid ongoing challenges.
Forbes List: The Rich Get Richer, and Gates Is on Top
The 400 richest Americans are worth $2.02 trillion total, an all-time high that is roughly equivalent to the GDP of Russia, according to Forbes list of the richest Americans published Monday.
Stocks Rise After Summers Backs Out of Fed Race
U.S. stocks soared Monday morning after Lawrence Summers, a top candidate to be the next Federal Reserve chair, withdrew his name from consideration, Bloomberg News reports
Twitter Files for an IPO
Twitter announced on—where else?—that it has filed papers for an initial public offering.
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The decision to file has been the source of speculation since Facebook, Twitter’s larger social media counterpart, went public in May 2012. The company has an estimated value …
D.C. Mayor Vetoes ‘Living Wage’ Bill
The Mayor of Washington, D.C., vetoed a polarizing bill that would force the city’s largest retailers, including Walmart and Target, to pay employees a higher minimum wage, setting the stage for a potential veto override by the city council.
Dow Jones Index Gets a Makeover
The Dow Jones industrial average, an index of 30 stocks used as a measure of the stock market’s overall status, is swapping out Bank of America, Hewlett-Packard, and aluminum-producer Alcoa.
In their place, the small committee that determines the composition of the index is adding Goldman Sachs, Visa, and Nike. The S&P Dow Jones …
Record College Gift Undone By Failed Business Deal
Centre College, in Danville, Kentucky, said on Monday that a $250 million donation — more than the school’s entire endowment and what would have been the largest outright gift to a liberal arts college in history — was not to be.
Abercrombie Wrongly Fired Muslim Employee, Judge Says
Abercrombie & Fitch violated anti-discrimination laws when it fired a Muslim worker who insisted on wearing a head scarf, a federal judge in San Francisco ruled Tuesday.
Icahn Drops Fight for Dell
Billionaire investor Carl Icahn said he will end his fight to control Dell, smoothing the path for founder Michael Dell to take the company private.
Icahn said he is still against the joint bid from Dell and partner Silver Lake Management, which he argues undervalues the company. The offer was increased last month amid criticism from …
Facebook Tops $100 Billion
The stock is at its highest level since its disappointing IPO over a year ago