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business news

Commission Compensation

Effective January 1, 2013, California Labor Code 2751 requires any employment contract that involves commission compensation to be in writing,…

Interfaith Medical Center Financially Troubled

Interfaith Medical Center, a financially troubled hospital, serving a African-American and Caribbean community, in central Brooklyn, NY filed for Chapter…

Settlement in BP Oil Spill Approved by Judge

On Friday, the United States judge issued final approval to BP Plc's settlement with businesses and individuals who suffered money…

Multiple Law Firms Involved in NYSE Euronext Sale to Intercontinental Exchange

It was announced earlier this week that the New York Stock Exchange, owned by NYSE Euronext, will be sold to…

Darden Announces It Will Not Change Status of Full-Time Employees

Darden, the company that owns such restaurants as Red Lobster and Olive Garden, has said that because of a public…

Fired McDonald’s Employee Settles with Franchise for Termination

An employee of McDonald's was fired for gross misconduct after she gave a coworker extra chocolate topping on a 99…

Dillard’s Agrees to $2 Million Settlement in Discrimination Case

It was announced earlier this week that the department store Dillard's Inc. will pay $2 million to settle charges that…

Executive from AU Optronics Convicted of Price-Fixing Scam

On Tuesday, the Justice Department announced that an executive from the Taiwan company of AU Optronics has been found guilty…

Texas Gun Store Owner Offers Discounts to Teachers

A gun store owner in Austin, Texas has made an offer to teachers in the aftermath of the Newtown, Connecticut…

Cerberus to Sell its Stake of Gun Maker Following Connecticut School Shooting

Cerberus, the private equity firm that has a stake in a firearms company, has said it will sell its stake…

Banks in U.S. Want Liquidity Rule Eased

According to a report from Reuters, banks in the United States want regulators to go easy on a rule that…

MBIA Sued by Bank of America

MBIA Inc has been sued by Bank of America Corp in a state court in New York for interfering with…