McDonald's is paying $26 million to settle a class action lawsuit over wage theft. It's the latest development in a string of conflicts between the major restaurant chain and its employees.
The settlement puts an end to a multi-year legal battle between the company and California workers who alleged that McDonald's was skirting overtime payment laws and denying employees timely breaks, among other things. About 38,000 people are represented in the suit, according to a court filing obtained by CNN from the Fight for $15, which advocates for workers' rights.
McDonald's could return $29 million to New Zealand workers after holiday pay errorJust last week, McDonald's agreed to pay what could be tens of millions of dollars to New Zealand employees for miscalculating holiday wages. Other fast food companies have been hit with similar lawsuits over the years, suggesting that the problem extends beyond McDonald's.
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Charles Schwab to acquire TD Ameritrade in $26 billion all-stock dealThe Charles Schwab Corp. will acquire rival discount broker TD Ameritrade Holding Corp. in an all-stock transaction valued at around $26 billion, the companies announced Monday. News of a prospective deal broke last week. The agreement between the companies would see TD Ameritrade stockholders receive 1.0837 Schwab shares for each TD Ameritrade share, representing a 17% premium over the 30-day volume weighted average price exchange ratio as of Nov. 29. The combined company would serve 24 million client accounts with more than $5 trillion in client assets, the companies said. Schwab shares were off 0.4% in premarket trade, while TD Ameritrade shares were up 1.6%.
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Charles Schwab to buy TD Ameritrade in a $26 billion all-stock dealThe merging of the two biggest publicly traded discount brokers will create a mammoth with more than $5 trillion in client assets.
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$26 Million in Missing Paychecks, One Mysterious Swindler ChargedNEW YORK -- Nicole Ingram was at the supermarket when she got a confusing text. Her payroll check for working as a nursing assistant in New Jersey, which had been deposited into her account, was being withdrawn.On that morning in September, thousands of workers across the country received a similar notification
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It's official: Charles Schwab strikes $26 billion deal to buy TD AmeritradeTogether, the two discount brokerages will boast 24 million customer accounts and handle more than $5 trillion in client assets.
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Charles Schwab agrees to buy TD Ameritrade for $26 billionTwo of the leaders of the online brokerage industry are merging. Charles Schwab agreed to buy TD Ameritrade for $26 billion, the companies announced Monday.
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$26 Million in Missing Paychecks, One Mysterious Swindler ChargedNEW YORK -- Nicole Ingram was at the supermarket when she got a confusing text. Her payroll check for working as a nursing assistant in New Jersey, which had been deposited into her account, was being withdrawn.On that morning in September, thousands of workers across the country received a similar notification
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