DIRS.INFO The most relevant business & tech news

☆ Biden-era retirement rule may be in jeopardy after Trump takes office
▼ + stars: | 2024-12-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

watch nowThe most immediate threat to President Joe Biden's Retirement Security Rule is that the Trump administration declines to keep defending it in court, attorneys said. What the DOL fiduciary rule doesA primary goal of the Department of Labor rule is to raise the investment-advice standard tied to 401(k)-to-IRA rollovers, especially those for certain insurance products, experts said. The new Labor rule "makes it highly likely that rollover recommendations are subject to a fiduciary standard," Reish said. The Biden-era rule would likely have the largest impact on insurance agents that sell "non-securities" products, which include certain annuities like indexed annuities, attorneys said. Texas courts likely to strike down DOL ruleTwo federal district courts in Texas issued a national "stay" of the regulation, in separate rulings in July.

Persons: Brandon Bell, Donald Trump's, Joe Biden's, Trump, Fred Reish, Drinker Biddle, Reath, Reish, Julie Su, Chip Somodevilla, —, ACLI Organizations: Getty, Labor Department, Biden, Reath LLP, Department of Labor, White House Council, Economic Advisers, Labor, U.S, Investment, Securities and Exchange, Northern, Northern District of, American, of, United States Department of Labor, Americans, Consumer Choice Locations: Texas, Northern District, Northern District of Texas

☆ NHL great Wayne Gretzky says Alex Ovechkin has been 'exceptional' for hockey as he nears goals record
▼ + stars: | 2024-11-21 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

"Alex has been exceptional for our game," Gretzky said on CNBC's " Squawk Box " on Thursday. As Washington Capitals star Alex Ovechkin closes in on Wayne Gretzky's all-time goals record, the Great One told CNBC he has nothing but admiration for the player who could soon dethrone him. Thirty-five years later, Ovechkin is closing in on breaking Gretzky's record of 894 goals, with 26 more to go. Gretzky told CNBC that at the time he broke Howe's all-time scoring record, he felt embarrassed to end his idol's milestone. Gretzky played 20 seasons in the National Hockey League for four different teams.

Persons: Gretzky, Alex, Alex Ovechkin, Wayne Gretzky's, dethrone, Ovechkin, Sidney Crosby, Gordie Howe's, Howe's, Gretzky's, Bettman Organizations: CNBC, NHL, Washington Capitals, One, Capitals, National Hockey League, Stanley, YardRink Locations: Wayne, Massachusetts

☆ Sabrina Carpenter's new album 'Short n' Sweet' is a masterful indictment of modern dating
▼ + stars: | 2024-08-23 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +5 min

Despite its cheeky title, Sabrina Carpenter's new album "Short n' Sweet" arrived on Friday with a tall order to fill. Carpenter's sixth album was preceded by smash hits "Espresso" and "Please Please Please," which peaked at No. But "Short n' Sweet" isn't just Carpenter's most anticipated release to date. AdvertisementIndeed, throughout "Short n' Sweet," Carpenter isn't coy about the vulgar, demoralizing underbelly of modern dating. "Short n' Sweet" is an album grounded firmly, almost defiantly, in the present day — all the struggles and ridiculous ills of dating app-era romance, which, despite the disappointment, usually make for great wine-night fodder.

Persons: Sabrina Carpenter's, Carpenter, Polly, Apple Music's Zane Lowe, coy, Smartly, —, Leonard Cohen, Slim Pickins, Carrie Bradshaw, Dolly Parton, Ariana Grande, Taylor Swift, Sabrina Carpenter, Pickins Organizations: Service, Business, Island Records, Press Locations: LA

☆ Here's how much it cost this Swiftie to chase his idol across 4 countries and 10 shows
▼ + stars: | 2024-07-02 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

He added that he lived vicariously through Swift's music in his formative years. $230 on Eras Tour merchHe spent about $230 on official Eras Tour souvenirs, which included two t-shirts, one hoodie, and one crewneck sweater. Swifties are shelling out big time for the Eras TourJailani is not the only one willing to spend big bucks for the Eras Tour. A report by research company QuestionPro found that Swifties were spending $1,300 on average to attend the Eras Tour. According to Rolling Stone, a 27-year-old fan visited the Eras Tour 20 times across North America.

Persons: —, Daniel Jailani, Taylor Swift, Jailani, Swift, Daniel Jailani Jailani, QuestionPro, Rolling Organizations: Service, Business, Wembley, —, Singapore Coldplay, Singapore Airlines, Swift's, Tourist Italy, BMI, Fitch Solutions Locations: Singapore, Australia, France, United Kingdom, He's, London, Melbourne, Lyon, Paris, Here's, North America, Europe, Milan, Italian, Portugal, Spain, Swiftonomics, Canada

☆ The Biden Administration's labor department is hitting the road for 'Good Jobs Summer'
▼ + stars: | 2024-06-03 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Acting Secretary of Labor Julie Su is hitting the road — and wants good jobs to follow. Su is bringing the Department of Labor's "Good Jobs Principles" — a national framework for better working conditions and positions — across the country. Related storiesAs part of the tour kickoff, Phoenix Mayor Kate Gallego will also announce the city's commitment to the Good Jobs Principles. It's the DOL's latest attempt at promoting the idea of "good jobs," and making them more widespread. So it's embedding equity in the way that we're creating these jobs, " Teresa Acuna, the senior policy advisor and deputy director of the Good Jobs Initiative, said.

Persons: Labor Julie Su, Su, Biden, Kate Gallego, Teresa Acuna, Acuna, we're Organizations: Service, Labor, of, Business, Department of Labor, Biden Administration, Conference, Phoenix, Good Jobs Initiative Locations: Phoenix, Alabama, Florida, Georgia, Pennsylvania, Nevada, Michigan

☆ Advice about 401(k) rollovers is poised for a big change. Here's why
▼ + stars: | 2024-04-28 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Johner Images | Johner Images Royalty-free | Getty ImagesA new U.S. Labor Department rule will significantly change the advice many investors receive about rolling money over from 401(k) plans to individual retirement accounts, legal experts say. watch nowA 'major shift' in rollover adviceThe new Labor Department rule aims to make more investment recommendations "fiduciary" in nature. The new Labor Department rule changes that, however. Good advisors are likely making an honest effort to do what's best for their clients, but hopefully the Labor Department rule would "bring up the bottom to a better quality," Reish said. However, many financial companies dispute the necessity of the Labor Department rule.

Persons: Rollovers, Katrina Berishaj, Ronon Stevens, Young, it's, Reish, Berishaj, They'd, Susan Neely Organizations: . Labor Department, Department, Labor, Economic, Labor Department, Young, American Council of

☆ Owners and managers at some Washington Subway stores kept $80,000 in staff tips and reduced workers' hours on their timecards, a federal agency says
▼ + stars: | 2024-03-08 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Owners and managers at 10 Subway stores in Washington state illegally took money from staff tip pools, the Labor Department says. The stores also reduced staff's hours on their timecards to avoid paying overtime, the DOL said. The stores have now given $196,000 in tips, overtime wages, and liquidated damages to 100 affected workers. AdvertisementOwners and managers at 10 Subway stores in Washington state illegally kept $80,000 in staff tips, the Department of Labor says. Under the Fair Labor Standards Act , business owners and managers are not allowed to participate in staff tip pools.

Persons: DOL, —, timesheets Organizations: Labor Department, Service, Department of Labor, Fair Labor, Act, Business Locations: Washington

☆ 'The White Lotus' picks Blackpink's Lisa to appear on season 3 of the drama series
▼ + stars: | 2024-02-13 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Blackpink's Lisa is set to make her acting debut in "The White Lotus" Season 3. Lisa's role is not yet specified, and she will be credited as Lalisa Manobal. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBlackpink's Lisa will make her acting debut and join the cast of "The White Lotus" for the show's third season, HBO confirmed Monday.

Persons: Lisa, Lalisa Manobal, — Organizations: HBO, Service, Business

LOS ANGELES (AP) — Las Vegas will be flooded with so many pre- Super Bowl events that Shaquille O'Neal lowered the prices to his popular carnival-themed “ Shaq's Fun House. “Las Vegas isn't ready for the show we're about to bring,” Big Boi said. The stars of the CBS show “The Neighborhood” will host the Super Bowl Soulful Celebration at the Palms Casino Resort on Wednesday night. MALUMA & SIRIUSXMColombian superstar Maluma will take his vibrant Latin music vibes into Las Vegas with the help of SiriusXM. ___More on the Super Bowl: https://apnews.com/hub/super-bowl

Persons: Shaquille O'Neal, O'Neal, We're, ”, He'll, Lil Wayne, Diplo, DJ Diesel, Rob Gronkowski, Michael Rubin, Beyoncé, Jay, Leonardo DiCaprio, Jennifer Lopez, Ben Affleck, Kendall Jenner, Rubin, Travis Scott, Meek, Lil Baby, Fabolous, Ludacris, Laroi, Mike, OutKast, Big Boi, Kevin Hart, Deon Cole, D.L, Desi Banks, Aida Rodriguez, Cedric, Tichina Arnold, Mary Mary, Kirk Franklin, Robin Thicke, Tully Banta, Cain, Bryan Scott, Arnold, “, Nate Burleson, —, DJ Afrojack, Gronkowski, BILLY IDOL, Billy Idol, Idol, he's stoked, Maluma, He's, Don Juan ”, “ COCO LOCO ”, David Guetta, Jack Harlow, Wynn, Zach Bryan, Tiësto, LIV, Savage, Guy Fieri, Leigh Steinberg Organizations: ANGELES, NBA, Fun, Wynn, Sports Illustrated's, Hamptons, Cosmopolitan, MADDEN, EA Sports, Madden, of, Madden NFL, Theatre, CBS, NFL, Super, Sunday, Location's, Touchdown Club, SIRIUSXM, Virgin Hotels, Pandora, Las, GQ, Nomad Library Locations: Las Vegas, Sin City, Encore, Atlanta, Hughley, Palms, British, Allegiant, Vegas, Fontainebleau

☆ Most delivery gig work workers won't be impacted by the new fed rule — yet
▼ + stars: | 2024-01-09 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

But gig delivery companies like DoorDash and Instacart say they don't plan to make any changes. AdvertisementIf you make deliveries as a gig worker, don't expect any changes from a new federal rule — at least, not immediately. But companies that rely on gig workers to make deliveries say they won't need to make any changes. Amazon, which employs gig workers through its Flex delivery arm, did not immediately respond to Business Insider's request for comment. Do you work for Instacart, DoorDash, Walmart Spark, Uber Eats, or another gig delivery service and have a story idea to share?

Persons: —, Julie Su, Uber, Loyola University Chicago Professor Peter Norlander, I'm, Norlander Organizations: Service, Department of Labor, Labor, Department, Flex, Loyola University Chicago Professor, Wall Street, Walmart Locations: DoorDash

☆ An East Coast restaurant chain has been ordered to pay $11.4 million back to more than 1,300 employees over claims it paid staff below minimum wage
▼ + stars: | 2023-11-10 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

An East Coast restaurant chain failed to pay minimum wages and overtime rates to some workers, the Labor Department says. The DOL said some restaurants paid set wages regardless of hours worked, which could reach 65 a week. Plaza Azteca has been ordered to pay $11.4 million back to more than 1,300 affected employees. AdvertisementAdvertisementA restaurant chain with dozens of locations on the East Coast has been ordered to pay $11.4 million back to more than 1,300 employees after a federal agency uncovered a series of apparent labor-law violations. AdvertisementAdvertisementThe consent judgment also included $625,000 in civil money penalties, which the DOL said was due to the "repeat and wilful nature of the violations."

Persons: DOL, — Organizations: Labor Department, Plaza Azteca, Service, Department of Labor, Fair Labor Locations: East Coast, Mexican, Connecticut , Maryland , Massachusetts , New Jersey, North Carolina , Pennsylvania, Virginia

☆ Owners of 14 Subway restaurants made teenagers use dangerous equipment, suffer burns, and work unlawful hours, says DOL
▼ + stars: | 2023-09-30 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

A Department of Labor investigation found the operators of 14 Subway restaurants violated labor laws. The employers also didn't pay their employees regularly and stole tips, the DOL said. AdvertisementAdvertisementThe operators of 14 Bay Area Subway restaurants "endangered children" by making its teenage employees as young as 14 use dangerous equipment and work unlawful hours, an investigation by the US Department of Labor's Wage and Hour Division found. AdvertisementAdvertisementInvestigators found that several Subway workers at the 14 restaurants had suffered burns and other injuries, having operated ovens, toasters, cardboard balers and other dangerous equipment, the DOL said. AdvertisementAdvertisementThe investigation and litigation included these 14 Subway restaurants:

Persons: DOL, —, John Meza, Jessica, Hamza Ayesh, Arkady Itkin, Ruben Rosalez, Labor Marc Pilotin Organizations: of Labor, Service, US Department of Labor's, Court, Northern, Northern District of, Subway, The Press Democrat, Department of Labor, Labor Locations: DOL, Northern District, Northern District of California, San Francisco

☆ A 19-year-old died after a concrete mixer he was inside cleaning was accidentally started up. His employers could have prevented his death, the Labor Department says.
▼ + stars: | 2023-09-21 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

A 19-year-old worker suffered "fatal injuries" after cleaning out a concrete mixer, the Department of Labor says. The machine restarted while he was inside, the DOL said. The DOL called his death a "preventable tragedy" and proposed penalties totalling $245,546. "As one of the workers left the mixer, the machine restarted with the other inside," causing him to suffer "fatal injuries," the DOL said. He called the worker's death a "preventable tragedy."

Persons: DOL, Jose A, Gonzalez Organizations: Department of Labor, Service, Foley Products Company, Safety, Health Administration, Transportation, City of Locations: Wall, Silicon, Cantonment, Florida, Georgia, Mobile , Alabama, Alabama, North Carolina, South Carolina, Tennessee, City of Atlanta

☆ If you make less than $55,000, the Labor Department wants you to start getting overtime pay
▼ + stars: | 2023-08-30 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

The Department of Labor proposed a new rule that would update who's eligible for overtime. Currently, workers making under about $36,000 can get extra pay for extra hours. One study found that some firms give out fake manager titles to try and avoid paying their workers overtime. That means a sizable chunk would be eligible for overtime pay under the new $1,059 weekly threshold. It's not the first time that a Democratic administration has targeted the overtime threshold.

Persons: Judy Conti, Conti, they're, Julie Su, I've, Barack Obama Organizations: of Labor, Service, Biden, Department of, National Employment Law, Bureau of Labor Statistics, Democratic Locations: Wall, Silicon

☆ 2 Tennessee restaurants had to pay $270,000 to servers who were forced to share tips with dishwashers, the labor department says
▼ + stars: | 2023-06-19 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Two restaurants made servers give $5 in tips to dishwashers on Fridays and Saturdays, the DOL said. The restaurants in Nashville also failed to pay overtime rates and keep accurate records, per the DOL. The restaurants paid $270,751 in back wages to 82 employees following the investigation. The DOL said that the restaurants had paid $270,751 in back wages to 82 employees following the investigation. As well as requiring servers to share tips with dishwashers, the restaurants failed to pay employees overtime rates of one-and-a-half times their usual hourly wages for hours worked over 40 in a week, the DOL said.

Persons: DOL, —, Lisa Kelly Organizations: Service, Department of Labor, Labor Locations: Nashville, Nashville , Tennessee, Tennessee

☆ A California taco restaurant hired a 'priest' to ask staff to confess to workplace 'sins' like arriving late, an ex-employee told the Department of Labor
▼ + stars: | 2023-06-14 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A restaurant got a person "identified as a priest" to ask staff to confess to workplace "sins," an ex-worker said. They told a court the "priest" asked if they had stolen from the Sacramento, CA restaurant or harmed their employer. "The priest told me that he would instead ask me questions to get the sins out of me." They said that after the priest talked to staff, he left the restaurant together with one of the owners. Workers claimed that during the investigation, the restaurants instructed staff not to work with the DOL and told them to share false information.

Persons: DOL, —, Taqueria Garibaldi, Garibaldi, Che Garibaldi, William B, Shubb, Che Garibaldi's Organizations: Service, US Department of Labor, Department of Labor, DOL's, Che Garibaldi Inc, Workers, US, Court, Eastern, Eastern District of Locations: Sacramento , CA, Sacramento , California, Eastern District, Eastern District of California

☆ A New Jersey restaurant had to pay $300,000 to staff after the Labor Department ruled they had been underpaid
▼ + stars: | 2023-06-01 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

A New Jersey restaurant failed to give some staff the minimum wage and overtime pay, the DOL said. The restaurant paid more than $300,000 to 63 members of staff following the DOL's investigation. The DOL's Wage and Hour Division said in a press release that Aquarius Restaurant Group, which runs Aquarius Seafood Restaurant in Fort Lee, had violated minimum wage and overtime pay laws. Aquarius Seafood Restaurant also used checks and cash to pay kitchen staff twice a month, the spokesperson said. They added that the minimum wage violations occurred "sporadically" throughout the period of investigation, which was from April 2019 to April 2022.

Persons: DOL, —, Paula Ruffin Organizations: Service, Department of Labor Locations: Jersey, Fort Lee, New Jersey

☆ Staff at several Subway stores in San Francisco missed out on $265,000 of wages after the franchisee gave them checks that bounced, Labor Department says
▼ + stars: | 2023-05-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A Bay Area Subway franchisee paid staff more than $265,000 in bounced checks, the DOL said. The stores also violated child-labor laws, kept tips, and got staff to falsify records, a DOL investigation said. Between July 26 and December 26, 2022, alone, 297 checks bounced from just one bank account belonging to one of Meza's businesses, a DOL investigator said in a declaration. The investigation by the DOL's Wage and Hour Division covered 14 franchise stores in total, but the department did not say how many had given bad checks to staff. Meza's business associate also threatened to file a false police report against two 15-year-old employees who asked for their unpaid wages, the DOL wrote in the lawsuit.

☆ A Whataburger in Texas fired a nursing mother for leaving the restaurant to express breast milk, the Labor Department says
▼ + stars: | 2023-05-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

A Texas Whataburger didn't provide reasonable break time for an employee to express breast milk, the DOL said. When the nursing mother left the premises to express milk, the company fired her, the DOL said. Employers have to give staff reasonable break time to express milk for a year after the child's birth. The corporate-owned restaurant in Lubbock, northwest Texas, failed to provide reasonable break time for the employee to express breast milk, the DOL said. And when she did leave the premises to express milk, the company terminated her, the DOL said.

☆ The manager of a Popeyes franchise 'screamed' obscenities at federal investigators and slammed the kitchen door so hard it shook the building, the Labor Department said
▼ + stars: | 2023-05-15 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

The Popeyes franchise manager "screamed" at federal investigators, the DOL says in a lawsuit. He cursed at the investigators and slammed a door so hard it shook the building, per the lawsuit. The complaint claims that the district manager "instantly started screaming 'what the f*** are you doing here,' using an aggressive tone and demeanor." The district manager also slammed the kitchen door "so hard that the entire establishment shook," per the complaint. RBI and lawyers for the district manager and the franchise company did not immediately respond to Insider's request for comment, made outside of regular US working hours.

☆ A Florida sushi restaurant has repaid staff $262,000 after it made servers share their tips with owners and managers, the Labor Department says
▼ + stars: | 2023-05-15 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

A Fort Myers restaurant made its 75 servers share their tips with its chefs, owners, and managers, the DOL said. The sushi restaurant repaid staff $262,000 after the DOL uncovered a number of labor-law violations. The restaurant's manager told The Fort Myers News-Press that it was "all cleared up now." Ginza Japanese Restaurant in Fort Myers made its 75 servers share their tips with its chefs, owners, and managers, the US Department of Labor said in a press release. Under the Fair Labor Standards Act, employers are not allowed to require their staff to share their tips with supervisors, managers, and business owners.

☆ Pennsylvania battery maker ordered to pay $22 million in back wages after DOL rules it denied thousands of workers overtime
▼ + stars: | 2023-05-11 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

A Pennsylvania battery maker was ordered to pay 7,500 workers $22 million in unpaid overtime. The DOL said East Penn Manufacturing Company Inc. didn't pay employees for their time spent preparing to work in hazardous conditions. During its investigation, the DOL found that East Penn employees were only being paid for their contracted 8-hour shifts. In a statement to Insider, a spokesperson for East Penn said the jury also found that East Penn did not act in a knowing or reckless disregard of the law. "East Penn appreciates the time and attention of the jurors over the course of this lengthy andcomplex trial.

☆ A paper mill in Alabama told authorities a worker died from a heart attack. He actually died after being electrocuted by machinery, the labor department says.
▼ + stars: | 2023-04-14 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

A paper mill in Alabama told OSHA that a worker who was electrocuted actually died from a heart attack. The company's lawyer also asked the coroner's office to change the cause of death to heart attack, OSHA said. The department said that the company – South Coast Paper LLC – had "willfully" violated safety standards, including failing to implement procedures to protect employees performing maintenance on machinery. The plant's manager and the company's general manager, however, told an OSHA certified safety and health officer that the worker had died from electrocution, OSHA wrote. South Coast Paper did not immediately respond to Insider's request for comment, made outside of regular working hours.

☆ A worker's leg had to be amputated after he fell into an industrial blender, the labor department says
▼ + stars: | 2023-04-07 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

A worker in Ohio fell into an industrial blender and had to have his leg amputated, the DOL said. Following an investigation, the OSHA proposed penalties of $1.9 million for Zwanenberg Food Group. OSHA said cleaning staff weren't trained on how to ensure equipment was isolated during maintenance. The DOL said staff weren't trained to lock the equipment prior to cleaning so it didn't move during maintenance. Cleaning staff weren't given information about wearing appropriate eye protection and weren't trained on how to ensure equipment was isolated, OSHA found.

☆ Senators ask 27 CEOs to make sure their companies comply with child labor laws
▼ + stars: | 2023-04-05 | by ( Laura Strickler | ) www.cnbc.com time to read: +7 min

The company entered into an agreement with the agency pledging compliance with child labor laws and consented to third-party oversight. This is the second Senate inquiry citing NBC News reporting on child labor. JBS has zero tolerance for child labor, discrimination or unsafe working conditions for anyone working in our facilities. In a local newspaper editorial, Hearthside CEO Darlene Nicosia wrote the revelation of child labor was "a shock and major disappointment to us." Hearthside is in the midst of a 60-day independent review of child labor practices by an outside law firm, according to a spokesperson.

Search resuls for: "DOL's"

25 mentions found