WASHINGTON—A subsidiary of crypto company BlockFi Inc. has agreed to pay $100 million to the U.S. Securities and Exchange Commission (SEC) and 32 states to settle charges in connection with a retail crypto lending product the New Jersey company offered to nearly 600,000 investors, regulators said on Monday. The charges come as U.S. regulators, worried…
Crypto Firm BlockFi to Pay Record Penalty to Settle US SEC, State Charges
February 15, 2022
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Polish Miners Block Coal for Power Plants to Demand Pay Hike
WARSAW, Poland—Miners employed by Poland’s largest coal company blocked deliveries of the fossil fuel to state-run power plants Tuesday to demand higher pay to keep pace with surging consumer prices. Groups of protesters were stopping trains leaving the Halemba mine and other mines of the Polish Coalmining Group in the southern Silesia region. They demanded…
Here Is How Much Apple Has to Pay Store Workers for Harsher Security Checks
Apple Inc. has agreed to pay $30 million to retail workers who were subjected to routine searches of their bags off the clock when they left work after or during their shifts. In 2013, Apple Store employees filed a class-action lawsuit claiming that they were not paid for their time undergoing security checks. After an…
Amazon Workers in Germany to Strike for Better Pay
November 1, 2021
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BERLIN—Workers at some Amazon warehouses in Germany began strike action on Monday, services sector union Verdi said, as part of a long-running battle with the U.S. tech giant over better pay and working conditions. Germany is Amazon’s biggest market after the United States, and Verdi, a leading services sector union, has been organising strikes on…
Amazon Sued by Warehouse Workers Over COVID-19 Screening Pay
Amazon.com Inc. has been accused of violating Colorado state law by failing to pay warehouse workers for time spent undergoing COVID-19 screenings before clocking in at work. Jennifer Vincenzetti, who worked at two Amazon warehouses in Colorado Springs, filed a proposed class action in Colorado federal court on Tuesday claiming the company made workers wait…
Santa Ana School District to Start Paying Faculty After Delay
The Santa Ana Unified School District (SAUSD) is set to start paying employees again after a month’s hiatus of new hires having missed paychecks. According to the school district, a little over 100 employees out of over 350 new hires, have gone without pay due to the school rapidly hiring new employees in a small…
Amazon Eyes 125K More Hires, $18+ per Hour Average Salary
Amazon wants to hire 125,000 delivery and warehouse workers and said Tuesday that it is paying new hires an average of $18 an hour in a tight job market as more people shop online. Competition for hourly workers has become fierce, and many companies are offering higher pay, sign-on bonuses and other incentives. Last week,…
Wells Fargo Hit With New $250 Million Fine for Failure to Pay Back Wronged Customers
WASHINGTON—A top U.S. banking regulator fined Wells Fargo $250 million and placed new restrictions on the bank’s business after finding shortcomings in its earlier efforts to pay back customers it had previously harmed. The Office of the Comptroller of the Currency said the bank had not met the requirements of a 2018 consent order, when…
Australia Report Says Make Google and Facebook Pay for News
CANBERRA, Australia—Australia’s Parliament will debate making Google and Facebook pay for news after a Senate committee on Friday recommended no changes to drafts of the world’s first such laws. The Senate Economics Legislation Committee has been scrutinizing the bill since it was introduced in Parliament in December. The senators rejected Facebook and Google’s arguments that…
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