Global Glance: Overtime pay rules, Wal-Mart partnership, Patent trolls

Powered by The Associated Press

Here are today’s top business headlines from across the nation and world:

Justices rap Labor Department over change in overtime pay rules

WASHINGTON (AP) — The Supreme Court ruled Monday that the Labor Department must do a better job of explaining why it is changing a longstanding policy on whether certain workers deserve overtime pay. The justices asked a lower court to take another look at whether federal law allows the agency to require overtime for people working as service advisers at auto dealerships. Read more

Wal-Mart to sell Chinese online business to retailer

NEW YORK (AP) — Wal-Mart is selling its Chinese online business to the country’s No. 2 e-commerce site in a strategic partnership that it hopes will bolster its presence in the extraordinarily lucrative but increasingly competitive online marketplace. The company said Monday it is giving ownership of its Yihaodian e-commerce site in China, including the brand and app. Read more

FAA rules to clear way for routine commercial drone flights

WASHINGTON (AP) — The Obama administration is on the verge of approving routine commercial use of small drones, after years of struggling to write rules that would both protect public safety and free the benefits of a new technology. The long-anticipated rules would mean drone operators would be able to fly without special permission. Read more

High court upholds process for challenging patents

WASHINGTON (AP) — The Supreme Court has upheld the process for challenging invalid patents, making it easier for companies to fight so-called patent trolls. The justices ruled 6-2 Monday to uphold the legal standard used to invalidate patents by a new appeals board at the U.S. Patent and Trademark Office. Read more

Lagging in fundraising, Trump calls on GOP for support

WASHINGTON (AP) — Donald Trump acknowledged Tuesday that he was struggling to rally fellow Republicans after new reports show him badly lagging Hillary Clinton in campaign cash. Reports released Monday showed Trump’s campaign started June with $1.3 million in the bank, compared with $42 million for the presumptive Democratic nominee, Hillary Clinton. The reports came out hours after Trump fired campaign manager Corey Lewandowski, in an attempt to restart his struggling campaign. Read more

Tags:, , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students

Learn more