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Updated: 25 min 32 sec ago
Labor Secretary Tom Perez told Congress on Wednesday that his agency is still working on President Barack Obama's directive a year ago that the department come up with new rules to make more workers eligible for overtime pay for working beyond their scheduled hours.
Labor Secretary Tom Perez says his agency is still working on President Barack Obama's directive a year ago to come up with new overtime rules so more workers would be eligible for higher pay for working beyond their scheduled hours.
Transocean Ltd. said late Wednesday it will scrap four rigs, previously slated for sale.
Williams-Sonoma Inc. shares fell 2.5% in after-hours trade on Wednesday, after the company gave a disappointing profit outlook for the first quarter and the full fiscal year, citing the negative impact of the West Coast port slowdown.
Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Oracle Corp., up $1.26 to $44.13 The software company reported mixed fiscal third-quarter profit and revenue but said its cloud services business grew.
Environmentalists are speaking out against proposed offshore drilling along the East Coast from northern Virginia to the Georgia-Florida border, while business groups support the plan.
In a public move presaging his run for the White House, Jeb Bush resigned from corporate positions at the end of last year.
A group pushing for a 2016 ballot question on legalizing the recreational use of marijuana is warning against imposing excessive taxation or fees on the sale of pot.
A judge dismissed a lawsuit by Herbalife shareholders who claimed that the business structure and marketing practices of the weight loss and nutritional supplements company violated the law and that they lost money because it amounts to a pyramid scheme.
Stocks and bonds are rallying after the Federal Reserve indicated that it's not in a hurry to raise interest rates.
Lawmakers would have to disclose their outside income and swipe an electronic card to prove they're on the job to claim travel reimbursements under a new ethics reform proposal from Gov. Andrew Cuomo and Assembly Speaker Carl Heastie.
The word ‘patient’ may have been removed but the sentiment remains.
The United States is escalating a food fight with Indonesia, charging that the Southeast Asian country violates world trade rules by blocking imports of fruit, produce and meat.
The House has passed two Republican-backed bills that would place new restrictions on the Environmental Protection Agency.
Grain futures were higher Wednesday on the Chicago Board of Trade.
Changes to collective bargaining rules for teachers and other school employees won approval in the Republican-controlled Iowa House Wednesday after two days of bitter debate over education policy and school funding.
Below is the statement the Federal Reserve released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in January suggests that economic growth has moderated somewhat.
Federal Reserve Chair Janet Yellen says the broad pay increases usually associated with job growth may not occur anytime soon.
Starbucks says it will launch delivery in parts of Seattle and New York City in the second half of this year.
Gov. Chris Christie has signed a measure that would allow the sale of Tesla and other zero-emission cars in New Jersey.