DOJ Sues Company For Allegedly Hiring Foreign Workers Over Qualified Americans

The Justice Department announced Thursday that it has filed a lawsuit against an agricultural services company for allegedly rejecting American citizen applicants in favor of foreign guest workers. Colorado-based Crop Production Services Inc. discriminated against at least three U.S. citizens by refusing to employ them as seasonal technicians in Texas, instead hiring temporary foreign workers under… Please follow and like us:

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SEC Nabs 3 Brokers for Excessive Trading

The Securities and Exchange Commission charged three New York-based brokers with making unsuitable recommendations that resulted in substantial losses to customers and hefty commissions for the brokers. One of the brokers agreed to pay more than $400,000 to settle the charges. An SEC examination of the firm Alexander Capital L.P. detected potential misconduct among certain brokers,… Please follow and like us:

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Macs Vulnerable To Firmware Attack When Left Out Of Date

Apple has failed to push out to consumers necessary firmware updates to that patch vulnerabilities discovered in the company’s popular line of Mac computers, according to research published Friday. The shortcomings in Apple’s security efforts were highlighted by researchers at secure authentication company Duo Security after the company analyzed the essential, built-in software found in every… Please follow and like us:

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Meet the Martian hopefuls: Elon Musk and all the other people trying to get to Mars

Ready set go. Elon Musk still really wants to put people in a canister, set off a controlled explosion beneath them, and shoot them out of the Earth’s atmosphere towards a barren, airless piece of rock—preferably one 33 million miles away. On Friday at the International Astronautical Congress in Adelaide, Australia, Musk announced an updated version… Please follow and like us:

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IPOs and Secondaries: All you need to know to play the game

WASHINGTON, September 29, 2017 – At last it’s the wild and wooly last trading day of the month and of Q3 2017. What a boring and rather negative month it’s been for us! Window-dressing and other geeky trading moves are currently masking Mr. Market’s real intentions. We’ll need to wait and see if the generally favorable… Please follow and like us:

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GOP tax plan would benefit super-rich the most, slightly raise taxes on upper earners, analysis finds

WASHINGTON — The Republican tax plan would give the biggest benefit to the super-rich in coming years — and slightly raise upper earners’ taxes — while reducing them for everyone else, according to an analysis released Friday by a nonpartisan think tank. The sweeping tax changes, which include slashing the corporate rate and lowering the top… Please follow and like us:

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Trump’s November Asia Trip to Include 1st China Visit

U.S. President Donald Trump will embark on a trip to Asia in November with the goal of garnering global support against the North Korean threat, while attending regional summits and discussing trade, the White House announced Friday. “The president’s engagements will strengthen the international resolve to confront the North Korean threat and ensure the complete, verifiable,… Please follow and like us:

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US withdraws more than half of embassy staff from Havana over sonic attacks

MIAMI—Cuban Americans seeking to have their relatives join them from the island will not be able to do so — at least for the time being — as a result of the announcement Friday of a significant withdrawal of staff from the U.S. Embassy in Havana. It is not known how long the suspension of the… Please follow and like us:

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Asia exchanges up as Trump tax cut plan buoys markets

US President Donald Trump’s long-awaited tax cut plans buoyed most Asia-Pacific exchanges Friday, extending global gains, but a rise in the yen held back Japan’s benchmark index. The broad rise from Shanghai to Sydney came on the back of Trump unveiling proposals that included cutting the corporate tax rate from 35 percent to 20 percent. His… Please follow and like us:

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Analysis: Analysts pan Boeing strategy in pushing for tariffs on Canada’s smaller jet

SEATTLE — Leading aerospace analysts are being highly critical of Boeing’s push to impose steep tariffs on U.S. sales of Bombardier’s small CSeries passenger jet, saying the case will damage the long-term interests of both Boeing and the U.S. aerospace industry. “The free market and free competition are good for us,” said Adam Pilarski, a senior… Please follow and like us:

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Investors Say End of Bull Market Is Coming, but They Feel Fine

U.S. investors anticipate the protracted bull market to reverse course sometime this year, but aren’t getting too worked up about it, a third-quarter telephone survey by Wells Fargo/Gallup found. Indeed, the poll found investors fairly comfortable with the market as it lingers near historic highs. Sixty-one percent said it was a good time to invest, and… Please follow and like us:

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Foreigners sell off W3 tril. bonds in 2 days

Foreigners have sold off bonds worth over 3 trillion won in two days this week as the nuclear test of North Korea earlier this month has increased tension on the peninsula. The government and financial sources said the selloff is unlikely to lead to an exodus of foreign investors. But the financial market here is expected… Please follow and like us:

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U.S. exports have flatlined

Last month the Sixth Circuit Court of Appeals affirmed the lower district court’s ruling that none of the plaintiffs in the Crawford et al. v. United States Department of the Treasury lawsuit were suffering harm as a result of FATCA (Foreign Account Tax Compliance Act of 2010). Perhaps the justices should have been made aware of… Please follow and like us:

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This hurricane season has been brutal—but it’s not over yet. What’s coming next?

At least we’ve passed the peak. The Atlantic Ocean on September 28, 2017. CIRA/RAMMB/NOAA We’re finally past the peak of hurricane season in the Atlantic Ocean. This is welcome news for folks who live along the coast, but by no means are we out of the woods yet. Hurricane seasons—especially years this active—can crank out some… Please follow and like us:

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Roku IPO: Shares jump 68 percent as investors bet firm can fend off rivals

Investors brushed aside concerns about Roku’s stiff competition in the video streaming business, sending the company’s shares up 68 percent on its stock market debut Thursday. Roku stock closed at $23.50 after pricing its 18 million shares at $14 apiece, which was at the high end of its expected range. The enthusiastic response to Roku’s $252-million… Please follow and like us:

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