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Business Groups

All articles tagged with #business groups

politics1 year ago

Trump's Pro-Union Labor Secretary Pick Raises GOP Concerns

Business groups are concerned about President-elect Donald Trump's nomination of Rep. Lori Chavez-DeRemer as Labor Secretary due to her support for union-friendly legislation, which contrasts with their preference for a more business-oriented approach. While some business leaders are working to ensure pro-business appointments in other key positions within the Labor Department, Chavez-DeRemer's nomination reflects Trump's appeal to working-class voters. Despite skepticism from both business and union groups, Chavez-DeRemer is expected to have a relatively smooth confirmation process.

via POLITICO|
#business-groups#labor-department#lori-chavez-deremer
businesspolitics1 year ago

"US Business Groups Challenge Biden's Overtime Pay Rule"

U.S. business groups have filed a lawsuit to block a Biden administration rule that would extend mandatory overtime pay to 4 million workers, arguing it would force job cuts and limit hours. The rule raises the salary threshold for overtime pay from $35,500 to $58,600 per year. The case is being heard in Sherman, Texas federal court.

via Yahoo Finance|
#biden-administration#business-groups#businesspolitics
businessenvironment1 year ago

"Federal Court Halts Biden's SEC Climate-Disclosure Rule"

A federal appeals court has halted the Securities and Exchange Commission's (SEC) climate disclosure rule, which would require private companies to publicly disclose their carbon emissions and climate change risks. The ruling came in response to petitions from energy companies, states, and business groups, who argue that the rule represents government overreach and would harm the economy. The SEC's approval of the rule, under the leadership of Chairman Gary Gensler appointed by President Biden, has faced criticism from business groups and Republican lawmakers, leading to legal challenges and heated debates over the authority and impact of the rule on capital markets.

via Fox Business|
#biden-administration#business-groups#businessenvironment
business-labor-relations1 year ago

"Federal Courts Strike Down NLRB's Joint Employer Rules, Impacting Big Companies and Workers"

A federal judge in Texas has blocked a new National Labor Relations Board rule that would have made it easier for workers at big companies to unionize by expanding the definition of "joint employers." The judge sided with business groups who argued that the new rule would upend precedent and make companies liable for workers they don't employ. The NLRB is reviewing the decision and considering its next steps.

via CBS News|
#business-groups#business-labor-relations#federal-judge
business2 years ago

"Biden Administration's New Contractor Rule Sparks Controversy in Gig Economy"

The Labor Department issued a final rule requiring some workers to be treated as employees rather than independent contractors, which has sparked criticism from business groups and Republican lawmakers. The rule is expected to increase labor costs for industries relying on contract labor, and it will likely prompt legal challenges. While worker advocates and some Democratic officials praised the rule for ensuring basic protections, business groups argue that it tips the scales too far in favor of finding workers as employees, depriving them of flexibility and opportunity. The rule's potential impact on app-based gig workers, such as those in delivery and ride-hailing services, has garnered attention, with companies like Uber and Lyft expressing concerns but stating they do not expect it to change the way they do business.

via New York Post |
#business#business-groups#gig-economy
business2 years ago

"Biden Administration Implements New Rule to Protect Gig Workers' Job Security"

The Biden administration issued a new rule from the U.S. Department of Labor that will require companies to treat some workers as employees rather than independent contractors, impacting industries such as trucking, healthcare, and app-based "gig" services. This move, which reverses a Trump-era rule, is expected to increase labor costs for businesses and has drawn criticism from business groups and Republican lawmakers. The rule is set to take effect on March 11 and is likely to face legal challenges.

via Reuters|
#biden-administration#business#business-groups
business-labor2 years ago

"Biden Administration's New Labor Rule: Impact on Gig Economy and Contractors"

The Biden administration has issued a new rule that will require some workers to be treated as employees rather than independent contractors, a move that is expected to increase labor costs for industries relying on contract labor and freelancers. The rule, set to take effect on March 11, aims to crack down on industries where worker misclassification is common, but has drawn criticism from business groups for potentially depriving workers of flexibility and opportunity. Companies like Uber and Lyft have expressed concerns about the rule's impact on their gig labor models, while the U.S. Chamber of Commerce is considering challenging the rule in court.

via CNBC|
#biden-administration#business-groups#business-labor
business2 years ago

LVMH's Organic Revenue Growth Slows in Q3 as Luxury Sales Cool

LVMH, the world's leading high-quality products group, reported a 14% organic revenue growth in the first nine months of 2023 compared to the same period in 2022. All business groups, except Wines & Spirits, experienced sustained organic revenue growth. The Fashion & Leather Goods business group achieved the highest growth at 16%, driven by the success of brands like Louis Vuitton and Christian Dior. The Perfumes & Cosmetics and Watches & Jewelry business groups also saw positive growth. Selective Retailing, which includes Sephora, performed exceptionally well with a 26% organic revenue growth. LVMH remains confident in its growth strategy and aims to strengthen its global leadership in the luxury goods market.

via LVMH|
#business#business-groups#luxury-goods
business2 years ago

UAW Strike Sparks Controversy Over Biden's Pro-Union Policies

The U.S. Chamber of Commerce, a major business group, has blamed President Joe Biden for the United Auto Workers' decision to strike, citing the administration's promotion of unionization. The strike, which initially targets three auto plants, could have economic and political implications. Michigan Democrats plan to join picket lines, emphasizing the strike's significance. Biden has positioned himself as pro-union, but the UAW has withheld an endorsement due to concerns about the electric vehicle transition. The Chamber and the National Association of Manufacturers have called for a resolution to end the strike, while the UAW demands wage increases of up to 40 percent.

via POLITICO|
#auto-industry#biden-administration#business
labor-rights2 years ago

"Biden's Proposal: Expanding Overtime Pay to Millions of Salaried Workers"

The Biden administration has proposed a rule to raise the threshold for salaried workers to be eligible for overtime pay to about $55,000 per year, potentially benefiting around 3.6 million workers. However, business groups are expected to oppose the measure, as they did under the Obama administration. The proposed rule also includes automatic increases to the threshold every three years to keep up with rising wages. The National Retail Federation has expressed concerns about the proposed increase and the attempt to limit future administrations' authority. The Labor Department is seeking public comment on the rule for 60 days.

via NPR|
#biden-administration#business-groups#labor-department
politics2 years ago

Mixed Reactions to Recent Debt Ceiling Agreement

The debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy is receiving mixed reviews. Some conservative lawmakers are criticizing the deal as not doing enough to tackle the nation’s debt, while some Democrats dislike the spending freeze on non-defense programs and work requirements being extended to more food stamp recipients. However, major business groups are urging Congress to quickly pass the bill to avoid a default that could roil the global economy. The Committee for a Responsible Federal Budget sees the agreement as a step in the right direction towards deficit reduction. Final text of the agreement is expected Sunday.

via The Associated Press|
#bipartisan-agreement#business-groups#conservative-lawmakers
politics2 years ago

Julie Su advances as Biden's Labor nominee despite opposition from the Right

The Senate Health, Education, Labor and Pensions Committee advanced Labor Secretary nominee Julie Su on a party-line vote. However, Su still needs to win over undecided Democratic holdouts in the full Senate, including Sens. Joe Manchin, Mark Kelly, Jon Tester, Kyrsten Sinema, and Angus King. Business groups are running ads against Su's nomination, while labor unions are campaigning in her favor. The International Franchise Association is warning that Su might aggressively crack down on the franchise model as Labor secretary.

via The Hill|
#business-groups#julie-su#labor-department
politics2 years ago

Senate Battle Looms Over Biden's Controversial Labor Secretary Nominee

The Senate confirmation hearing of Julie Su, President Biden's nominee for labor secretary, reflects a larger fight over workplace regulation, with business groups opposing Biden's push to strengthen unions and increase workers' rights and benefits. Ms. Su's nomination has faced criticism from some Democrats and independents, with at least two wavering over whether to support her. If confirmed, Ms. Su is likely to lead the Biden administration's effort to expand overtime pay for salaried workers and to strengthen labor regulations. Labor unions and other supporters are making a more determined push for her confirmation, while business groups have erected billboards and run ads critical of her in the home states of potentially decisive senators.

via The New York Times|
#biden-administration#business-groups#julie-su
business2 years ago

Controversy Surrounds Noncompete Clauses in Corporate America

Major business groups, including the U.S. Chamber of Commerce and a leading human resources group, have asked the Federal Trade Commission (FTC) to stand down or shrink its proposal to ban noncompete agreements. On the other side, top labor unions and consumer advocates have argued in favor of barring employers from limiting where their staffers can take jobs or start businesses after leaving. The outcome of the battle will affect large swaths of the U.S. workforce, with roughly 30% of private sector employers currently using noncompete agreements for all their workers.

via NBC News|
#business#business-groups#ftc