Finance

The Labor Department on Tuesday announced that it had finalized a rule expanding overtime pay eligibility to up to 1.3 million workers. Under the new rule, most salaried workers who earn less than about $35,500 per year will be eligible for time-and-a-half overtime pay, up from the current threshold of about $23,700. The rule is […]

U.S. stocks moved higher in early trading Tuesday following confirmation that U.S. and China officials will meet in two weeks to negotiate on trade, although a tepid reading on U.S. consumer confidence eroded some of the gains. U.S. Treasury Secretary Steven Mnuchin said late Monday that talks aimed at ending the standoff on trade were

Nissan is recalling 1.3 million vehicles mainly in the U.S. and Canada to fix a problem with the backup camera displays. The recall covers the 2018 and 2019 Nissan Altima, Frontier, Kicks, Leaf, Maxima, Murano, NV, NV200, Pathfinder, Rogue, Rogue Sport, Sentra, Titan, Versa Note and Versa Sedan. Also included are the Infiniti Q50, Q60,

World shares edged higher on Tuesday after U.S. Treasury Secretary Steven Mnuchin confirmed that China-U.S. trade talks were due to resume in two weeks’ time. Germany’s DAX was flat at 12,346.21, while the CAC 40 in Paris rose 0.2% to 5,641.93. Britain’s FTSE 100 also edged 0.1% higher to 7,331.70. The future contracts for the

South Korea’s African swine fever crisis intensified Tuesday with lab tests confirming the fourth case in a week from a farm near its border with North Korea. The discovery of still more cases has raised fears officials are fighting a losing battle to halt the spread of the disease that wiped out pig populations across

PEARL RIVER, N.Y. — In the summer of 2015, Jaguar Land Rover North America told state officials in New Jersey that it was considering moving to an office development in New York called Blue Hill Plaza. To keep the automotive giant’s headquarters in New Jersey, the state offered $26 million in tax credits. So Jaguar

UNITED NATIONS, Sept 23 (Reuters) – France, Britain and Germany said on Monday it is clear Iran was responsible for an attack on Saudi oil facilities on Sept. 14 and called on Tehran to agree to negotiations on its nuclear and missile programs as well as regional security issues. “The time has come for Iran

President Trump spent nearly a year insisting that the Federal Reserve should stop shrinking the vast holdings of government-backed securities on its balance sheet, arguing that the process was reining in the United States economy. Last week may have vindicated Mr. Trump’s perception that the central bank went too far with the process — often

Caesars Entertainment Corp. is selling the Rio All-Suite Hotel & Casino to an Imperial Cos. affiliate for $516.3 million. Caesars said Monday it will continue to run the Rio under a lease for a minimum of two years and will pay an annual rent of $45 million. Imperial Cos. has the option to pay Caesars

The strike against General Motors by 49,000 United Auto Workers entered its second week Monday with progress reported in negotiations but no clear end in sight. Bargainers met all weekend and returned to talks Monday morning as the strike entered its eighth day. A person briefed on the negotiations says they’re haggling about wages and