U.S. labor board to expand companies’ ‘joint employer’ liability

A U.S. labor board on Tuesday moved to make it easier for workers and unions to hold companies liable for labor law violations by their franchisees and contractors, proposing to revive an Obama-era standard heavily criticized by trade groups. The proposed rule from the National Labor Relations Board would treat companies as so-called “joint employers” […]

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U.S. Commerce aims to seek chips funding proposals by February

The U.S. Commerce Department said Tuesday it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production. Congress in August approved $52.7 billion for semiconductor manufacturing and research and a 25% investment tax credit for chip plants, estimated to be worth […]

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Proxy firm ISS recommends Zendesk shareholders back $10.2 bln go-private deal

Software company Zendesk Inc’s (ZEN.N) shareholders should vote for a planned acquisition by a group of private equity firms, a prominent proxy advisory firm recommended on Tuesday. Institutional Shareholder Services (ISS) warned that there would be “significant downside risk” if Zendesk shareholders failed to approve the proposed deal. The proxy firm issued its recommendation days […]

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