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☆ Labor Department issues rule to crack down on bad retirement savings advice
▼ + stars: | 2024-04-23 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Al Drago/Bloomberg via Getty ImagesThe Biden administration issued a final rule on Tuesday that cracks down on the investment advice that advisors, brokers, insurance agents and others give to retirement savers. The final rule takes effect on Sept. 23. Current retirement rules don't provide adequate protections to savers, Labor Department officials said during a press call Tuesday. Such a dynamic can "chip away" at Americans' savings, Gomez said. The amount of 401(k)-to-IRA rollovers is 'astronomical'The final rule doesn't differ significantly from the Biden administration's initial proposal, Labor officials said.

Persons: Al Drago, Biden, Obama, Lisa Gomez, That's, Gomez, Andrew Oringer, Oringer Organizations: U.S . Department of Labor, Bloomberg, Getty, Labor, Security, The Labor Department, Economic Advisers, Biden, Finance, Economic, Wagner, Department of Labor Locations: Washington, IRAs

☆ What investors should know about the UAW's organizing drive of VW
▼ + stars: | 2024-04-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

"We're going to carry this fight on to Mercedes and everywhere else," Fain told VW workers Friday night following the historic vote. Impact on labor costsTop of the list of likely impacts from organizing efforts at VW is labor costs. But for the Big Three Detroit automakers — and their shareholders — the VW organizing drive could be a positive. GM, Ford and Stellantis have higher all-in labor costs than non-organized automakers such as VW. Fain on Friday said "the real fight begins now," referring to the expected negotiations between the union and VW.

Persons: Elijah Nouvelage, Alex Hertel, Fernandez, It's, Shawn Fain, Kelcey Smith, Kevin Wurm, Fain, Let's, Joe Biden, Evelyn Hockstein, there's, – Organizations: Volkswagen, Getty, DETROIT, United Auto Workers, UAW, Detroit union's, U.S . Department of Labor, Columbia University, Union, National Labor Relations Board, NLRB, VW, General Motors, Ford Motor, Chrysler, Detroit automakers, BMW, Honda, Hyundai, Mazda, Benz, Nissan, Subaru, Toyota, Volvo, Washington Post, Workers, Mercedes, UBS, Big Three Detroit automakers —, GM, Ford, Chamber, U.S, Capitol, Reuters Locations: Chattanooga , Tennessee, U.S, Vance , Alabama, Chattanooga, Washington , U.S, Detroit

☆ Jim Cramer's week ahead: Nonfarm payroll data and Disney's proxy fight comes to a head
▼ + stars: | 2024-03-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday guided investors through next week's Wall Street action, saying to pay attention to new nonfarm payroll data and Walt Disney's annual shareholder meeting, where its long and arduous proxy fight will come to a head. "Keep an eye on the employment report, because everything else that's coming next week pales in comparison — even the no-holds-barred Disney proxy fight." On Monday, Cramer expects decent earnings from PVH , an apparel maker known for brands including Calvin Klein and Tommy Hilfiger. Walt Disney 's annual shareholder meeting will take place on Wednesday, bringing an end to the company's monthslong bitter proxy fight with activist investor Nelson Peltz. On Friday, the U.S. Department of Labor will release the nonfarm payroll report, and Cramer said he's expecting strong figures.

Persons: CNBC's Jim Cramer, we'll, Cramer, Calvin Klein, Tommy Hilfiger, he's, Walt Disney, Nelson Peltz, Levi Strauss, Conagra, Slim Jims, Orville Redenbacher's, Boyardee, haven't Organizations: Walt, Disney, Enterprise Products Partners, U.S . Department of Labor Locations: Paychex

☆ Amazon plans 'Big Spring Sale' that's not just for Prime members starting March 20
▼ + stars: | 2024-03-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon will host a spring sale next week with discounts on seasonal items, and this one is not restricted to Prime members. Amazon said Thursday that the event, which it's calling the "Big Spring Sale," will run for six days starting March 20, in North America. Unlike the Prime Day discount bonanza typically held in the summer, next week's event will be open to shoppers who don't pay for a Prime membership. The subscription program costs $139 per year, or $14.99 a month, in the U.S., and perks include free, speedy shipping; video streaming; and access to exclusive Prime Day deals. The company is launching its spring event as shoppers, grappling with high inflation, remain hungry for discounts.

Persons: Amazon Organizations: Amazon, U.S . Department of Labor Locations: Robbinsville , New Jersey, North America, U.S

KQED/KFF Health News —A much-awaited treatment for postpartum depression, zuranolone, hit the market in December, promising an accessible and fast-acting medication for a debilitating illness. Miriam McDonald, who developed severe postpartum depression and suicidal ideation after giving birth in late 2019, battled Kaiser Permanente for more than a year to find effective treatment. Her doctors refused to prescribe brexanolone, the only FDA-approved medication specifically for postpartum depression at the time. Insurers’ policies for zuranolone will be written at a time when the regulatory environment around mental health treatment is shifting. In the meantime, Burkhard said, patients suffering from postpartum depression should not hold back from asking their doctors about zuranolone.

Persons: “, Meiram Bendat, ”, Joy Burkhard, KP’s, Kaiser, Miriam McDonald, ” McDonald, KP, Nico, Keith McDonald, brexanolone, “ Kaiser Permanente, ” “ Kaiser, Burkhard, “ It’s, Dr, Sanjay Gupta, ” Burkhard Organizations: KQED, KFF, brexanolone, FDA, zuranolone, OB, Center, Maternal Mental, Kaiser Permanente, NPR, Department of Labor, Maternal Mental Health, Medicaid, Cal, U.S . Department of Labor, CNN, CNN Health, KFF Health Locations: ”, “ Kaiser, California

☆ Coca-Cola CEO says inflation is moderating in most markets after higher prices boost revenue
▼ + stars: | 2024-02-13 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

James Quincey, CEO of Coca-Cola Co., speaking on "Squawk Box" at the WEF in Davos, Switzerland, on Jan. 18, 2023. Inflation is moderating in most markets, after a stretch in which the beverage maker relied on price hikes to drive higher revenue, Coca-Cola CEO James Quincey said Tuesday. But Coke's price hikes have slowed from the last two years' double-digit increases. Coke's overall prices were up 9% in the fourth quarter, but Quincey said that came from hyperinflation in markets such as Argentina. In the majority of Coke's markets, shoppers were only paying about 3.5% more for their drinks than they were a year earlier.

Persons: James Quincey, Coke, Wall, Quincey Organizations: U.S . Department of Labor, Coke, Consumers, U.S, CNBC PRO Locations: Davos, Switzerland, Argentina, U.S, Europe

“Mar-Jac and its affiliates have a long and sordid history of willful disregard for worker safety,” the lawsuit reads. In July, Duvan became the third worker to die in less than three years at the Hattiesburg, Mississippi, plant owned by Mar-Jac, a Georgia-based poultry production company. After Duvan's death, Onin filed a notice with the state to avoid paying worker's compensation,the lawsuit claims. OSHA had issued at least eight citations for safety violations at the plant before Duvan's death, the lawsuit says. After the accident, Labor Department officials said Duvan’s death offered a reminder that children remain vulnerable to exploitation in the U.S. workplace.

Persons: JACKSON, Edilma Perez Ramirez, Mar, Jac, Duvan Perez, “, Duvan, Joel Velasco Toto, Bobby Butler, Perez Ramirez, Onin, Toto, Butler, Seth Hunter, Perez Ramirez's, Chick, ” Hunter, ___ Michael Goldberg Organizations: U.S . Department, Safety, Health Administration, Mar, OSHA, Onin Staffing, Labor, Associated Press, America Statehouse News Initiative, America Locations: Miss, Mississippi, Forest, Guatemala, Hattiesburg , Mississippi, Georgia, Alabama, U.S, @mikergoldberg

☆ Dollar keeps tight ranges ahead of Fed, jobs data
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: +3 min

A Chinese 100 yuan banknote, a 1 U.S. dollar bill and a 50 euro banknote are lying on a table. The dollar was steady in the Asian morning, with market participants moving cautiously ahead of the two-day FOMC meeting that kicks off on Tuesday. "I suspect that the FOMC meeting will not be as dovish as current market pricing suggests," said Matt Simpson, senior market analyst at City Index. The data will give another indication of whether the world's largest economy remains strong after the Fed's aggressive hiking campaign. Sterling was last trading at $1.2716, holding firm ahead of the Bank of England's monetary policy meeting this week.

Persons: Jerome Powell, Matt Simpson, hasn't, Sterling, Wei Liang Chang Organizations: U.S . Department of Labor, U.S ., Central Bank, Bank, DBS, Fed Locations: U.S

☆ Egg prices are on the rise again. Here's why
▼ + stars: | 2024-01-19 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Brandon Bell | Getty Images News | Getty ImagesEgg prices are on the rise again, after having fallen from record highs in 2023. Average egg prices jumped 8.9% from November to December, following a 2.2% rise the prior month, according to the consumer price index. December's egg price move was the largest relative to other items in the CPI basket, which measures prices of everything from concert tickets to furniture, electricity and prescription drugs. There are more than 368 million egg-laying chickens in the U.S., the USDA said. At the time, a farm group alleged that price gouging and profiteering among major egg suppliers also drove high prices in 2022, though some economists were skeptical that factor was at play.

Persons: Brandon Bell, Matthew Hatcher, Rispoli Organizations: Kroger, Getty, U.S . Department, Labor, Afp Locations: Houston , Texas, U.S

☆ As Amazon, Citigroup and Google open 2024 with layoffs, experts say unemployed workers should take these steps
▼ + stars: | 2024-01-12 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Jackyenjoyphotography | Moment | Getty ImagesThe start of 2024 has not been kind to workers in industries that opened the year with layoffs. Recent U.S. Department of Labor data shows layoffs have been hovering near historic lows — and experts say getting laid off no longer has the same stigma it once did. The following steps can help you shore up your finances and kick-start your job search. Calculate severance pay, unused time offYou may receive a severance package from your employer or get paid for unused time off. If you're able to find a new job quickly, you may be able to bank the severance pay, he noted.

Persons: Twitch, Scott Dobroski, Ted Jenkin, Atlanta . Jenkin, Vicki Salemi, Salemi, Jenkin, Dobroski, We've Organizations: Google, MGM Studios, Tech, Citigroup, U.S . Department of Labor, CNBC, Finance Locations: Atlanta .

☆ From FedEx to airlines, companies are starting to lose their pricing power
▼ + stars: | 2023-12-29 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

Andrew Kelly | ReutersAfter years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Nike last week lowered its annual sales growth forecast and unveiled plans to cut costs by $2 billion over the next three years. "Goods companies don't have the pricing power they did in the pandemic, and some in the hotel and travel [industries] — they don't have the pricing power they did in the immediate post-Covid," he added. Sales growth for companies in the S&P 500 is on track to average 2.7% this year, according to mid-December analyst estimates posted by FactSet. Consumer spending on apparel and groceries rose 2.4% and 2.1%, respectively, from the year-earlier period, according to the survey.

Persons: Andrew Kelly, Mills, Joe Cavaretta, David Kelly, FactSet, Kelly, isn't, airfare, John F, Bob Jordan, Jordan, Ohsung Kwon Organizations: FedEx, Reuters, Shipping, Airlines, Target, Nike, Spirit Airlines, Hasbro, Fort Lauderdale Hollywood International, South Florida Sun Sentinel, Tribune, Service, Getty, Florida Sun, Morgan Asset Management, FactSet, Mastercard, Starbucks, Airline, U.S . Department of Labor, Kennedy International, Southwest, CNBC, Detroit automakers, Toyota, Cox Automotive, Bank of America Locations: New York, speedier, Fort, South

☆ 10 industry leaders transforming business in 2023
▼ + stars: | 2023-12-11 | by ( ) www.businessinsider.com time to read: +20 min

In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.

Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, —, She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton

☆ Unemployment among Asian workers and Black men rises in November while the overall rate declines
▼ + stars: | 2023-12-08 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: 1 min

Spencer Platt | Getty ImagesThe labor market deteriorated for both Asian and Black workers in November, according to data released Friday by the U.S. Department of Labor. The overall unemployment rate declined 0.2% to 3.7% last month, against a forecast that it would hold steady at 3.9%. Overall, the labor force participation rate ticked up to 62.8% alongside a surge of 532,000 workers into the labor force. For white Americans, the jobless rate fell 0.2 percentage points to 3.3%. Hispanic Americans also saw their unemployment rate slip 0.2 percentage points to 4.6%.

Persons: Spencer Platt Organizations: Oculus, Getty, U.S . Department of Labor Locations: Manhattan , New York City

☆ CNBC Daily Open: Of billions and trillions
▼ + stars: | 2023-12-06 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Dow Jones Industrial Average closed 0.22% lower, while the S&P 500 inched down 0.06% by the closing bell. It has so far raised nearly $135 million from four investors, with the first sale occurring on Nov. 29. As the year-end nears, CNBC Pro asked three fund managers for sectors — and stocks — they are bullish on in the lead-up to 2024.

Persons: Europe's, X.AI Elon, Bitcoin Organizations: CNBC, Dow Jones, Nasdaq, Apple, U.S, SEC, U.S . Department of Labor, Metrics, Big Tech, CNBC Pro Locations: U.S

☆ Job data suggests ‘soft landing’ is increasingly likely, economists say
▼ + stars: | 2023-12-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Luis Alvarez | Digitalvision | Getty ImagesThe U.S. economy inched closer to a so-called "soft landing" after a new batch of labor data, economists said. Why a soft landing is like 'Goldilocks' porridge'Steaming bowl of oatmeal porridge, made with Irish oats, wheat berries and barley. A soft landing is like "'Goldilocks' porridge' for central bankers," Brookings Institution economists wrote recently. How the labor market fits inWhy the job market is already 'back into balance'The latest labor data added to encouraging news about a likely soft landing, economists said. Despite the large monthly decline, job openings are still 25% above their February 2020 level, she added.

Persons: Luis Alvarez, Jason Furman, Obama, Jon Lovette, Julia Pollak, Pollak Organizations: Digitalvision, Federal Reserve, U.S . Department of Labor, Labor, Harvard University, White House Council, Economic Advisers, Getty, Fed, Brookings, American Economic Association

HILLSBORO, Ohio (AP) — An explosion at an auto repair shop in Ohio that killed three people and sent a fourth person to a hospital sparked a massive fire that burned for hours and spewed thick, black smoke into the air. The Tuesday afternoon blast at Jimbo’s Auto Repair in Hillsboro was felt at several nearby sites, including the Paint Creek Joint EMS & Fire District, whose crews quickly responded to the scene. Information about the three people who died was not immediately released by the Montgomery County Coroner’s Office. The injured person remained hospitalized Wednesday in stable condition. The State Fire Marshal’s Office is the leading the probe, and the U.S. Department of Labor’s Occupational Safety and Health Administration will also investigate.

Organizations: Fire, Coroner’s Office, Firefighters, U.S . Department, Safety, Health Administration Locations: HILLSBORO , Ohio, Ohio, Hillsboro, Montgomery, Cincinnati

☆ Akamai sees Q4 profit above estimates on strong demand for cybersecurity services
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Akamai Technologies (AKAM.O) forecast fourth-quarter adjusted profit above Wall Street estimates on Tuesday, helped by strong demand for its cloud security services as rapid digitalization raises the risk of high-profile hacks. Spending on cybersecurity services have stayed resilient amid growing cyber crimes and privacy concerns even as companies tightened the budgets for other IT services. Cambridge, Massachusetts-based Akamai expects fourth-quarter adjusted profit at about $1.57 per share, compared with analysts average estimate of $1.54 per share, according to LSEG data. The company reported revenue of $965 million and adjusted profit of $1.63 per share for the quarter ended Sept. 30. Analysts expected revenue at $943.32 million and adjusted profit at $1.50 per share.

Persons: Akamai, Tanya Jain, Shilpi Majumdar Organizations: Akamai Technologies, Wall, Data Corporation . Cambridge, U.S . Department of Labor, Census Bureau, Department of Defense, eBay, Electronic Arts, Thomson Locations: Data Corporation . Cambridge , Massachusetts, Bengaluru

☆ Applying for too many jobs may keep you from getting hired. Avoid sending a ‘firehose of applications,’ economist warns
▼ + stars: | 2023-11-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

In this article ZIP Follow your favorite stocks CREATE FREE ACCOUNTFiladendron | E+ | Getty ImagesApplying to multiple job openings can increase your chances of landing a new gig. However, if you're thinking of sending out what one economist called a "firehose of applications" all at once and then just waiting for responses, think again. "The problem is that sometimes people take a college application approach to the job search," said Julia Pollak, chief economist at ZipRecruiter. 'Set a daily goal of a number of applications'There are more strategic ways to go about the job search and application process instead of applying to jobs on mass, according to experts. Julia Pollak chief economist at ZipRecruiter

Persons: Julia Pollak, Pollak, Nick Bunker, —, Gabrielle Davis Organizations: ZipRecruiter, Finance, Union, U.S . Department of Labor, ZipRecruiter Survey, New Locations: U.S

☆ Biden administration to crack down on ‘junk fees’ in retirement plans
▼ + stars: | 2023-10-31 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Biden administration is cracking down on so-called "junk fees" in retirement accounts. The "hidden costs" of financial conflicts in retirement plans amount to "junk fees," Lael Brainard, director of the White House National Economic Council, said during a press call Monday evening. watch now"It's time to get junk fees out of the retirement savings market," said Julie Su, acting secretary of the Labor Department, during the call. However, the Labor Department can regulate them if sold in a retirement account, according to a Biden administration official speaking on background. It's time to get junk fees out of the retirement savings market.

Persons: Julie A, Su, Tom Williams, Biden, There's, Lael Brainard, Julie Su, Sen, Bill Cassidy, Virginia Foxx, Anna Moneymaker, Obama Organizations: Labor, Health, Education, Washington , D.C, CQ, Inc, Getty, U.S . Department of Labor, Finance, Securities and Exchange Commission, Congressional Research Service, White, National Economic Council, Labor Department, Rep, Economic, SEC, Biden, Department of Labor Locations: Washington ,

The UAW's talks, replete with weekly addresses by union President Shawn Fain, were among the most unabashed. The agreements may be a selling point for non-union shops to push for unionization, said San Francisco State University labor and employment professor John Logan. Nissan (7201.T) and other competitors may feel compelled to boost wages to retain their workforce. UPS AND ITS RIVALSThe UPS deal in August raised pay and eliminated a two-tier wage system for drivers at the Atlanta-based company. That bolstered organizing efforts among Amazon workers and put pressure on UPS rivals to close a growing gap in pay.

Persons: Shawn Fain, Harley Shaiken, Stellantis, John Logan, Mack, Marcos Feldman, Feldman, Joe Biden, Kate Bronfenbrenner, Bianca Flowers, Jonathan Oatis Organizations: United Auto Workers, Detroit Three, Ford Motor, Chrysler, General Motors, University of California, Berkley ., San Francisco State University, UAW, Starbucks, Economic, UPS, Caterpillar, Workers, Deere & Co, Employers, U.S . Department of Labor, Amazon, National Labor Relations Board, Atlanta -, FedEx, Reuters, Cornell University, Industries, Thomson Locations: Detroit, Berkley, Berkley . Union, New York, Atlanta

☆ Child as young as 11 operated forklift at Kentucky distribution center, authorities say
▼ + stars: | 2023-10-18 | by ( Marlene Lenthang | ) www.cnbc.com time to read: +2 min

A Kentucky distribution center has been slapped with a $30,000 fine after the U.S. Department of Labor found it illegally employed two children, one of whom operated a forklift. One employed child operated a forklift, which is considered hazardous for workers under 18, and another child picked up orders in the warehouse, which is prohibited for workers under 16, the department said. The penalty comes amid a crackdown of child labor violations in the U.S., which Wage and Hour Division Regional Administrator Juan Coria in Atlanta said was seeing an "alarming increase." "Employers are responsible for taking all appropriate actions to verify that they are not illegally employing children. In the fiscal year of 2022, the U.S. Department of Labor found child labor violations involving nearly 4,000 children nationwide, an increase of more than 60% over the past five years.

Persons: Juan Coria, Coria Organizations: U.S . Department of Labor, Win.It, U.S . Department, Labor's, Division, Inc, Technology Co, U.S ., Employers Locations: Kentucky, Hebron, Cincinnati , Ohio, U.S, Shanghai, China, U.S . Australia, Germany, Great Britain, Atlanta

☆ Tyson Foods workers, activists protest child labor in U.S. meat sector
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: +2 min

Tyson Foods workers and activists rallied outside the U.S. meat company's headquarters in Arkansas on Monday to protest child labor and push for improved working conditions in processing plants. Dozens of protesters marched near Tyson's offices in Springdale, Arkansas, with signs saying "Stop child labor" and "Let children be children." Tyson, the biggest U.S. meat company by sales, said it respects people's right to protest peacefully and encourages employees to raise concerns with the company. It did not comment on child labor allegations. The company's code of conduct says suppliers are expected to ensure they do not use child labor.

Persons: Biden, exploitation's, Tyson, Magaly, Licolli, Perdue Organizations: Tyson, Biden Administration, Facebook, U.S . Department of Labor, The Labor Department, Perdue Farms Locations: Arkansas, U.S, Tyson's, Springdale , Arkansas, Guatemala, Tennessee

☆ Tyson Foods workers, activists protest child labor in US meat sector
▼ + stars: | 2023-10-16 | by ( Tom Polansek | ) www.reuters.com time to read: +2 min

REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsOct 16 (Reuters) - Tyson Foods (TSN.N) workers and activists rallied outside the U.S. meat company's headquarters in Arkansas on Monday to protest the industry's use of child labor and push for improved working conditions in processing plants. Dozens of protesters marched near Tyson's offices in Springdale, Arkansas, with signs saying "Stop child labor" and "Let children be children." Tyson, the biggest U.S. meat company by sales, had no immediate comment on the protest. The company's code of conduct says suppliers are expected to ensure they do not use child labor. Asked about child labor in meat plants on Monday, the Labor Department said its Wage and Hour Division has investigations open at Tyson and Perdue Farms.

Persons: Arnd, Tyson, Biden, exploitation's, Magaly, Licolli, Perdue, Tom Polansek, Rod Nickel Organizations: Tyson Foods, REUTERS, Biden Administration, Facebook, U.S . Department of Labor, Labor Department, Tyson, Perdue Farms, Thomson Locations: Davos, Switzerland, Arkansas, U.S, Tyson's, Springdale , Arkansas, Guatemala, Tennessee

That's almost half the nearly 6.7 million Latinas who live in those states, representing the largest group of women of color affected by the court's decision. Financially insecure women are more likely to be affected by state bans and restrictions, the report notes, because they are likely to lack funds to travel to another state for abortion care. Roughly 1.4 million Latinas in these 26 abortion-restricted states work in service occupations, according to the report. Twenty-six states have banned or further restricted abortion services by providers such as Planned Parenthood since the Supreme Court overturned the landmark Roe v. Wade case. Michael B. Thomas | Getty Images News | Getty ImagesAt large, Hispanic women or Latinas are over represented in low-wage occupations, such as servers and cleaners.

Persons: Roe, Wade, Lea, That's, Lupe M, Shaina Goodman, Michael B, Thomas, Dobbs, Candace Gibson, Goodman, Rachel Greszler Organizations: National Partnership for Women, National Latina Institute, Reproductive, Getty, U.S . Department of Labor, Heritage Foundation

☆ US Labor Dept 'disappointed' by VU Manufacturing plant closure in Mexico
▼ + stars: | 2023-10-10 | by ( Daina Beth Solomon | ) www.reuters.com time to read: +2 min

Members of the Liga Obrera Sindical Mexicana (Mexican Workers Union League) talk outside the VU Manufacturing auto parts plant in Piedras Negras, Mexico, August 31, 2022. In March, the U.S. and Mexico pledged to oversee VU Manufacturing carry out a series of commitments to remain neutral in union affairs and allow workers to freely organize. VU Manufacturing, an unlisted company based in Michigan, did not immediately respond to a request for comment. The Department of Labor urged Mexico to prevent retaliation against former VU workers as they seek new jobs, and to ensure VU makes timely payments to dismissed workers. Reporting by Daina Beth Solomon in Mexico City Editing by Kylie Madry and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Becerril, Thea Lee, Lee, Daina Beth Solomon, Kylie Madry, Matthew Lewis Organizations: Liga, Mexicana, Mexican Workers Union League, VU, REUTERS, MEXICO CITY, U.S . Department of Labor, VU Manufacturing, Department, Labor, Thomson Locations: Piedras Negras, Mexico, MEXICO, Mexican, States, Canada, U.S, Michigan

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