The Federal Trade Commission proposed a new rule Thursday to ban the use of noncompete clauses in worker contracts, a change that would significantly boost employees’ negotiating powers. The proposal is based on the FTC’s…
Category:
Business
-
-
Business
American Airlines faces penalties for punishing flight attendants who reported toxic cabin fumes
American Airlines illicitly retaliated against flight attendants who reported toxic fumes entering airplane cabins, according to an investigation by the Occupational Health and Safety Administration (OSHA). According to a whistleblower investigation initiated in August, the…
-
Business
Peloton to pay $19M fine for failing to report treadmill hazards and selling recalled equipment
Peloton has agreed to pay a penalty of more than $19 million after the Consumer Product Safety Commission said the exercise company failed to report potential hazards in using its treadmill and sold previously recalled…
-
Business
Analysts: Southwest is America’s favorite economy airline. That won’t change despite holiday meltdown.
Travelers love Southwest Airlines, according to J.D. Power’s annual ranking of the top U.S. air carriers. Southwest finished first in economy and budget airline rankings published by the consumer research firm last May. Analysts say…
-
Popular cryptocurrency exchange Coinbase announced an agreement Wednesday to pay $50 million to resolve a New York investigation into lapses concerning its anti-money laundering and know-your-customer practices. The company said it would invest an additional…
-
Shares of Tesla dropped 13% on Tuesday morning, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022. Deliveries are the closest approximation of sales disclosed by Tesla. The company reported 405,278…
-
Business
Southwest pilots union writes scathing letter to airline executives after holiday travel fiasco
The Southwest Airlines Pilots Association has published a letter denouncing the airline’s leadership as a ‘cult’ that they say has spent the past 15 years destroying the company’s legacy, culminating in the 2022 travel meltdown…
-
Business
Stocks fall to end Wall Street’s worst year since 2008, S&P 500 closes 2022 down nearly 20%
Stocks slipped on Friday to end a brutal 2022 with a whimper, as Wall Street wrapped up its worst year since 2008 on a sour note. The Dow Jones Industrial Average slid 73.55 points, or…
-
The first Social Security checks and bank deposits featuring the largest cost-of-living-adjustment in 40 years will start arriving in January 2023. The average retiree benefit is going up by $146 per month, to $1,827; while the average…
-
After shares of Tesla dipped by more than 10% on Tuesday deepening a year-long selloff, CEO Elon Musk told employees not to be “too bothered by stock market craziness.” Musk circulated the comments on Wednesday in a companywide email,…