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Businesses Face New Overtime Rules in New Year

NEW YORK — The new year brings new overtime rules for employers including small businesses and in turn, a pay raise for an estimated 1.3 million workers.

December 23, 2019

Factory Orders Fall 2%; Transportation Equipment Orders Dive 5.9%

WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods fell 2% in November, led by a large decrease in orders for defense aircraft and parts. Transportation equipment orders fell 5.9%, its biggest decline since May.

December 23, 2019

China Announces Tariff Cuts, More Competition in Markets

BEIJING — China will reduce tariffs Jan. 1 on more than 850 foreign products including frozen pork, asthma medications and some high-tech components to spur economic development.

December 23, 2019

Virginia’s $3.7 Billion Rail Investment Intends to Ease Freight, Road Congestion

Virginia Gov. Ralph Northam has announced a partnership between the state and CSX to expand rail service for both freight and passengers.

December 20, 2019

GSA Completes Major Border Facility Project

The General Services Administration recently completed a 10-year construction project at the San Ysidro Land Port of Entry, a bustling border crossing facility that links San Diego County and Tijuana, Mexico.

December 20, 2019

Trump Says ‘Formal Signing’ of China Trade Pact Is Being Arranged

The U.S. and China are arranging the formal signing of the first phase of a broader trade deal between the world’s two biggest economies, President Donald Trump said after discussions between him and his counterpart, Xi Jinping.

December 20, 2019

Stakeholder Comments Mostly Endorse Trading Rearview Mirrors for Camera Systems

Despite some cautionary notes, public comment on a National Highway Traffic Safety Administration advanced notice of proposed rulemaking largely favored permitting camera-based, rear-visibility systems to replace mirrors on light vehicles and heavy trucks.

December 20, 2019

Consumer Spending Bump Offset by Inventories in Revised GDP

Americans’ spending grew by more than previously reported in the third quarter, a change offset by a drag in inventories that left economic growth at a still-healthy but unrevised 2.1%.

December 20, 2019

NTSB Cites Lithium Battery Fire in Deadly Crash

A speeding teenage driver caused the fatal crash of a Tesla Inc. vehicle in Florida in 2018 and the subsequent fire in the electric car’s battery contributed to the severity of his injuries, a federal investigation concluded.

December 20, 2019

USDA Extends Public Comment Period on Hemp Rule to Jan. 29

The U.S. Department of Agriculture has extended the public comment period on its interim final hemp rule for 30 days — until Jan. 29.

December 19, 2019