Fair Labor Standards Act

Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened On this day in 1926, Ford Motor Company (NYSE: F) Founder Henry Ford announced the eight-hour, five-day workweek at his plant. Where Was The Market The Dow closed at roughly 157.20 and...

One hundred and two (102) years ago, Ford Motor Company (NYSE: F) announced a minimum wage boost to $5 per eight-hour day — a move that more than doubled the earnings of employees. The increase turned out to be economically instrumental, as it fostered greater productivity and improved...

Wayne Hood of BMO Capital Markets commented in a research report on an "unexpected" update provided by Dollar Tree, Inc. (NASDAQ: DLTR) in its regulatory 10-Q filing. Dollar Tree said in the filing that management believes the Department of Labor's (DoL) overtime regulations will not have a...