Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champions initially had kept him in the face of a rape claim,...Sportsread more
The Wall Street Journal's report came as a top Ukraine official said President Donald Trump "is looking" for Ukraine officials to investigate business dealings of Biden's son...Politicsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Gun maker Colt announced Thursday that it will halt its production of AR-15 rifles for civilian sales, but the news might not be as exciting for gun control advocates as it...Guns and Weaponsread more
As thousands of people across the world participate in the Global Climate Strike, several Democratic presidential candidates have shared how they will take aggressive action...Scienceread more
Foxconn, the Taiwanese electronics maker that supplies companies such as Apple and Sony, has admitted that student interns at one of its factories in China have worked shift patterns that are in violation of company policies.
Local media alleged the company, listed as Hon Hai Precision Industries on the Taipei stock exchange, had forced thousands of students from the Xi'an Institute of Technology to work at the plant assembling parts of Sony's PlayStation 4 games console. Foxconn responded with a statement Thursday evening that it had conducted an internal investigation at its Yantai campus, which is located around 600 kilometers from Beijing.
"(We) have determined that there have been a few instances where our policies pertaining to overtime and night shift work were not enforced," Foxconn said in the statement.
(Read more: iPhone 5S coming soon? Foxconn's hiring: Report)
"Immediate actions have been taken to bring that campus into full compliance with our code and policies. These actions include reinforcing the policies of no overtime and no night shifts for student interns, even though such work is voluntary, and reminding all interns of their rights to terminate their participation in the program at any time."
Foxconn added that it its priority is to protect the rights of all workers and interns and will continue to monitor the program closely to ensure that such infractions are not repeated.
The allegations initially appeared in Chinese newspaper Dongfang Daily which reported that students who did not participate in the work program would be in danger of losing their degree certificate.
Sony were not immediately available for comment when contacted by CNBC.
Foxconn said that all the schools that participate in the internship program are required to follow specific policies established by Foxconn, including assurances that participation is voluntary and interns are free to terminate their internship at any time they choose.
This latest incident comes after the company has come under close scrutiny for several other events concerning its labor practices in China where it employs about 1 million workers. In October last year Foxconn admitted that it had employed interns as young as 14 years old at one of its factories in China.
In the same month the company confirmed that more than 200 quality control employees at the plant in Zhengzhou, China, had refused to work in protest over work conditions.
In September 2012 shares in Hon Hai Precision Industries fell almost three percent after news that it was forced to shut its factory in Northern China after a brawl between workers left 40 people injured. Whilst in June of the same year, about 100 workers went on a rampage at a Chengdu plant in southwestern China after alleged ill treatment by security guards at the plant.