Supreme Court rules workers must pursue disputes in arbitration
The Supreme Court in a 5 to 4 decision allows employers to require individual arbitration for workplace disputes, potentially affecting up to 25 million workers and limiting class actions. Justices Gorsuch Roberts Kennedy Thomas Alito write for the majority, while Ginsburg Breyer Sotomayor Kagan dissent, warning of reduced recourse for discrimination and harassment claims.
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Anthony Kennedy
Clarence Thomas
Samuel Alito
Ruth Bader Ginsburg
Stephen Breyer
Sonia Sotomayor
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Small businesses face big GDPR hurdle says salon owner
Danica Kirk reports Lisa Meyer's London hair salon fears the EU general data protection regulation will cut her mailing list by about 90 percent as customers withhold data or ignore consent requests. The GDPR requires clear one page consent forms and may trigger penalties up to 4 percent of annual revenue for breaches, affecting small firms across EU sectors from salons to airlines.
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Markets rally as U.S.-China trade talks progress
U.S. stocks rose with the S&P 500 up 0.7 percent to 2733.01 and the Dow gaining 298.20 points as investors welcomed signs of progress in U.S.-China trade negotiations. Boeing rose 3.6 percent and Caterpillar climbed 2.1 percent amid broad gains across all sectors.
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Fifth Third to Buy MB Financial Bank in Chicago
Fifth Third Bancorp will acquire MB Financial Bank for 4.7 billion dollars. The merger creates the fourth largest Chicago bank by deposits with a 6.5 percent market share and 239 area branches. MB Financial shareholders receive 1.45 Fifth Third shares plus 5.54 cash per MB share, about a 24 percent premium.
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