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Updated: 25 min 32 sec ago

Labor secretary says new rules on overtime will ready in next few months

Wed, 03/18/2015 - 4:44pm
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.
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Labor secretary says new rules on overtime pay will ready in next few months

Wed, 03/18/2015 - 4:40pm
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.
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Transocean's Scraps 4 Rigs, Expects Multimillion-dollar Q1 Charge

Wed, 03/18/2015 - 4:37pm
Transocean Ltd. said late Wednesday it will scrap four rigs, previously slated for sale.
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Williams-Sonoma Shares Fall As West Coast Port Slowdown Dents Profit Forecast

Wed, 03/18/2015 - 4:32pm
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.
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Oracle, Adobe, FedEx, Herbalife and Rite Aid are big market movers

Wed, 03/18/2015 - 4:25pm
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.
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Environmentalists oppose oil drilling off US East Coast, Alaska, Gulf; industry supports it

Wed, 03/18/2015 - 4:23pm
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.
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Before Jeb Bush resigned its board, a Florida firm faced 6 lawsuits from investors, nonprofit

Wed, 03/18/2015 - 4:23pm
In a public move presaging his run for the White House, Jeb Bush resigned from corporate positions at the end of last year.
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Group pushing to legalize marijuana in Massachusetts warns against excessive taxation, fees

Wed, 03/18/2015 - 4:17pm
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.
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Judge dismisses lawsuit accusing supplement company Herbalife of being illegal pyramid scheme

Wed, 03/18/2015 - 4:14pm
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.
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Stocks, bonds rally after Federal Reserve indicates no hurry to raise interest rates

Wed, 03/18/2015 - 4:09pm
Stocks and bonds are rallying after the Federal Reserve indicated that it's not in a hurry to raise interest rates.
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New York Gov. Cuomo, Assembly detail legislative ethics agreement, put pressure on Senate

Wed, 03/18/2015 - 4:04pm
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.
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The Fed: Impatience Won't Replace Patience

Wed, 03/18/2015 - 4:00pm
The word ‘patient’ may have been removed but the sentiment remains.
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Food fight: US brings case against Indonesia for blocking imports of fruit, produce and meat

Wed, 03/18/2015 - 3:47pm
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.
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House passes new restrictions for EPA, targets what Republicans call 'secret science'

Wed, 03/18/2015 - 3:33pm
The House has passed two Republican-backed bills that would place new restrictions on the Environmental Protection Agency.
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Wheat,corn, oats and soybeans higher on the CBOT; beef higher and pork lower on the CME.

Wed, 03/18/2015 - 3:29pm
Grain futures were higher Wednesday on the Chicago Board of Trade.
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Iowa House backs changes to bargaining rules for teachers and other school employees

Wed, 03/18/2015 - 3:11pm
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.
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The full text of the Federal Reserve's statement after its meeting Wednesday

Wed, 03/18/2015 - 3:09pm
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.
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Federal Reserve prepared to hike rates even if average pay fails to rise much

Wed, 03/18/2015 - 3:03pm
Federal Reserve Chair Janet Yellen says the broad pay increases usually associated with job growth may not occur anytime soon.
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A look at how Starbucks delivery will work in NYC, Seattle

Wed, 03/18/2015 - 3:00pm
Starbucks says it will launch delivery in parts of Seattle and New York City in the second half of this year.
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Chris Christie signs bill into law allowing direct sale of Tesla cars in New Jersey

Wed, 03/18/2015 - 2:41pm
Gov. Chris Christie has signed a measure that would allow the sale of Tesla and other zero-emission cars in New Jersey.
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