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Is it the end of contract employment? Controversial NLRB Ruling makes companies responsible for violations made by contractors

The National Labor Relations Board (NLRB) made the biggest decision giving a ruling Thursday that companies can be liable for the labor violations done by their contractors and franchisees, which may end contract employment.

Aug 30, 2015 11:46 PM EDT

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Donald Trump favors higher tax rate on rich, hedge funds

Republican Presidential candidate Donald Trump favored high taxes on rich and hedge funds. While asuring lower tax for middle class and other working people, Trump said he would stop corporate inversion that's costing Amercia trillions of dollars.a

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Decline in revenues forces Caterpillar Inc to cut 475 jobs further

Caterpillar Inc has decided to further reduce its employess by 475 following decline in revenues. The sluggishness in global construction and mining sectors is impacting the heavy machinery manufacturer's performance.

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Intel invested $60M to develop drones with Yuneec International

Intel, the semiconductor company invested $60M to China-based drone manufacturer, Yuneec International. The partnership aims to revolutionize the industry by using UAV to provide services.

1 billion people on a single day: Facebook sets new record

Facebook has set a new record in online users as it registered one billion people accdesing its website on a single day.

Aug 28, 2015 5:19 AM EDT

McDonald's rejects Burger King's McWhopper peace deal

McDonald's had declined the proposal of Burger King to team up for a cause. Burger King is hoping to unite the country's two favorites and best-loved burgers producing a hybrid peace-loving McWhopper even for just a day.

Aug 28, 2015 5:17 AM EDT

Accenture enhances parental benefits for US and Canadian parents

Accenture announces enhancements in their parental leave benefits. The enhanced parental benefits include giving both men and women the chance to work locally after the birth or adoption of their child.

Aug 28, 2015 5:14 AM EDT

Sephora’s peace offering to disappointed customers: $50 gift code

Sephora hosted an event that left customers frustrated, resulting to mass returns of items. Previously, Sephora organized an Epic Rewards Day where their clients can exchange their rewards points for some really good stuff such as a trip to Lancome Paris.

Aug 28, 2015 5:03 AM EDT

Coursera raises $50M for expansion in China and India

Coursera raises funds for global expansion. Coursera, the world's leading online education provider, announced that it raised almost $50 million in funding for their expansion plans to China, the Americas and India.

Aug 28, 2015 5:01 AM EDT

Goldman Sachs is hiring in Poland

Goldman Sachs is hiring more people for its technology unit in Poland as the Eastern European country offers affordable business environemnt. The US bank will recruit several hundres of people over next three years.

Aug 28, 2015 4:33 AM EDT

Oshkosh wins $6.75B defense contract to build Humvee replacement

Oshkosh wins bid to manufacture JLTVs for $6.75B. The US Department of Defense has been looking for a replacement of the Humvee a short time after the war in Iraq became deadly in 2004.

Aug 28, 2015 4:30 AM EDT

Floyd Mayweather’s latest car costs only $4.8M

Floyd Mayweather, one of the flashiest athletes in the world, shows off his latest addition to his car collection.

Aug 28, 2015 4:26 AM EDT

Punch Taverns sells 158 pubs to NewRiver; Deal Closed at £53.5M

NewRiver acquires 158 non-core pubs of Pub Taverns for £53.5 million. Punch Taverns decides to sell 158 of its pubs to NewRiver for an agreed sum of £53.

Aug 28, 2015 4:25 AM EDT

Toms Shoes CEO takes 12-week paternity leave; applauded by employees

Blake Mycoskie of Toms Shoes set an example to employees by taking a 12-week parental leave. Toms Shoes provides their employees with parental leave of at least 8 weeks where they get full payment.

Aug 28, 2015 4:23 AM EDT

Class suit filed versus automakers for 'deadly' keyless ignitions

Ten major car brands are sued in a class act for allegedly concealing the dangers behind keyless ignition, which leads to carbon monoxide poisoning.

Aug 28, 2015 4:18 AM EDT

America Makes' $8M funding for commercialization of new technologies

America Makes (National Additive Manufacturing Innovation Institute, is supporting R&D projects in developing new technology applications in additive manufacturing. The institute has announced $8-million funding with a matching cost of $11mn to nine projects taken up by universities and corporate companies.

Aug 28, 2015 2:10 AM EDT