Business

Business in a breeze: Highlights of the day

1

California bill

gives cheerleaders minimum wage

They boost their teams from the sidelines and promote them by appearing in calendars and at fan events, but some sports cheerleaders say they are still not considered team employees and are paid what amounts to less than minimum wage.

California legislation believed to be the first of its kind in the nation is set to change that.

The bill approved by the state Senate on Monday and sent to the governor for his signature would require that cheerleaders be paid at least minimum wage and overtime and sick leave if they work for professional sports teams based in California.

2

Payroll growth best

in 6 months with 237,000 new jobs

Companies in the United States boosted employment in June by the most in six months, signaling the job market is strengthening, according to a private report based on payrolls.

The 237,000 increase followed a revised 203,000 rise in the prior month, figures from the ADP Research Institute in Roseland, New Jersey, showed Wednesday.

Steady, broad-based growth in hiring indicates a pickup in wages, which bodes well for consumer spending and the economy. Labor Department data Thursday may show private payrolls climbed by more than 200,000 workers last month, according to Bloomberg.

3

AT&T said to win antitrust approval

for DirecTV

AT&T Inc.’s $48.5 billion deal to buy DirecTV is set to be cleared by U.S. antitrust officials without any conditions, said a person familiar with deliberations by the Justice Department.

The merger still needs approval from the Federal Communications Commission, which could demand concessions such as following the agency’s net neutrality rules. The deal would form the largest U.S. pay-television company.

Justice Department officials closed their investigation without demanding any conditions, such as promises about fair treatment of Internet traffic, or demanding the sale of business units, said the person who wasn’t authorized to speak publicly.

4

Macy’s the latest

to sever ties

with Trump

Macy’s, the largest department-store chain in the United States, is cutting ties with Donald Trump after his remarks about Mexican immigrants being criminals and rapists caused an uproar.

The company said on Wednesday that it will phase out its Trump menswear collection, saying it has “no tolerance for discrimination in any form.” Macy’s has sold the line, which features $70 shirts and $65 ties, since 2004. The Cincinnati- based company also has featured Trump in its TV commercials.

Macy’s decision to drop Trump follows a similar move by NBC earlier this week.

5

SUVs, muscle cars

help spur sales

for auto industry

Americans again bought vehicles that sit up high and come loaded with features such as backup cameras and smartphone capabilities in June. Horsepower was also in; gas-sipping not so much.

SUVs of all sizes continued to fly off dealer lots. Sales of the larger Ford Explorer rose 30 percent; Nissan’s Rogue SUV posted a 54 percent jump; and sales of the Jeep Cherokee gained 39 percent.

Buoyed by the momentum, the National Automobile Dealers Association this week raised its full-year sales forecast to 17.2 million vehicles from just under 17 million. The last time auto sales topped 17 million was in 2001.

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