Governor Andrew M. Cuomo announced Tuesday that he would increase minimum wage to $15 for all state workers in New York. According to The New York Times this minimum wage hike makes the New York the first state to put the pay this high for the public employees.
Legal & Regulatory
The Plan to File a Lawsuit Against Amazon by the NJ Mayor has been Abandoned
Less than couple of weeks after threatening Amazon, NJ Mayor has abandoned the plan to file a lawsuit against the retail giant. Earlier this month, Dave Fried, the Robbinsville Township Mayor had threatened to sue Amazon once a senior company official failed to show at a crucial meeting on Wednesday. The meeting was arranged to discuss the hefty traffic generated by Amazon's fulfillment center.
5 charged in $580M medical kickback scheme
Five people have been charged with kickback scheme related to billing that costs the government and insurance companies to the tune of $580 million. Doctors and others benefited from this scam by referring patients to two Southern California hospitals.
FAA Task Force to create free three step Drone Registration process
The Federal Aviation Administration's drone registration task force will develop a simple and free national drone registration system. A government task force will create a three-step registration process, according to a report by ARS Technica.
People with unpaid IRS debt can have their Passports cancelled
A bill that prohibits people with unpaid IRS loans from travelling is expected to become law very soon. The Federal government has been going after travelling people who are reporting their taxes incorrectly for a very long time, but now, they plan to apprehend those with unpaid IRS loans.
Latest News
Maggi Noodles - the instant Chinese fare created by Nestle and loved the world over especially in India, Singapore and Malaysia and other parts of the globe was beset by a scandalous allegation that their Maggi Noodles in India contained MSG with lead levels going beyond permitted limits.
Japan Electronics company Toshiba Inc has sued five former executives including three former Chief Executive Officers for huge losses on the biggest accounting scandal in Japanese corporates.
The Justice Department launched an investigation on drug makers Merck & Co, Valeant Pharmaceuticals International, and Eli Lilly & Co for alleged over pricing. The Wall Street Journal reported that the US Attorney's office in Eastern District of Pennsylvania, along with the Justice Department's civil division set a probe on Merck, Eli Lilly, and Valeant on how these drug makers calculate and report their product pricing to the government medical rebate program.
High school graduates in Pueblo County, Colorado will get college scholarship from increased tax on marijuana growers by 2017. A CNN report shows that 60 percent of Voters in the county approved Tuesday a measure that will increase taxes on marijuana growers by 5 percent in the year 2020.
The UK government is trying to pass a bill that would ban strong end-to-end encryption that could force Apple to stop selling its iPhone in that country. According to Forbes, the UK government plans to pass legislation that would prohibit the use of strong encryption, which means any encryption they can't break is not allowed.
The National Highway Traffic Safety Administration fined air-bag supplier Takata Corp for $70 million and is ordered to stop manufacturing inflators that has ammonium nitrate.
Europe's major antitrust regulator has opened an "in-depth investigation" on Hutchison's $14 billion acquisition of Telefonica UK's O2 operations. According to The Wall Street Journal, top European Union officials have been warning that mobile-phone mergers in concentrated markets can lead to higher prices and less options for consumers.
The Federal Reserve is implementing new rule especially in a bid to strengthen the global financial institutions. According to the proposal, all banks that operate in the US will be able to go down smoothly without causing too much collateral damage to the public.
A task force charged with recommending rules for registering recreational drones or unmanned aerial vehicles convenes this Tuesday. The group composed of more than 20 people will be holding meetings until November 5.
