Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
City officials in Los Angeles are demanding that fast food chain Carl's Jr. fork over $1.45 million in penalties and back wages for failing to pay dozens of workers the city's $10.50 minimum wage from July to December of last year.
"L.A. law is clear: Employees must be paid at least the minimum wage," Mike Feuer, a Los Angeles City attorney said during a press conference Monday. "Anything less is a slap in the face to workers struggling to make ends meet. This is a major corporation that should know the rules."
The city of Los Angeles is demanding that Carl's Jr. pay about $910,000 in penalties to the 37 employees that the Office of Wage Standards identified as not receiving the correct minimum wage. It is also seeking more than $541,000 from the company for allegedly violating Los Angeles' minimum wage law as well as two other infractions.
"This demand is, on its face simply, unreasonable," the company said in a statement. "It is also unconstitutional in that it disregards the Excessive Fines Clause of the Constitution to obtain money that will not go to our employees and will have no connection to the matter at hand."
CKE Restaurants said that it had made "an inadvertent payroll error" and has already paid the employees the $5,400 that they were owed in back wages.
"Our employees have been made whole and we are willing to pay a reasonable fine for our mistake," the company said Tuesday. "However, given the excessive demands of the OWS, we have no choice but to defend against any OWS actions."
Former CKE Restaurants CEO Andy Puzder has long opposed federal minimum wage increases, saying in the past that "significant minimum wage increases will result in the loss of job opportunities for millions of young Americans."
It is unclear if Puzder's successor, Jason Marker, shares his staunch opposition to wage hikes. Marker took on the role of CEO in March of this year, months after the Los Angeles incident.