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(Reuters) - Walmart Inc has agreed to pay $65 million to nearly 100,000 current and former cashiers in California who accused the retailer of violating state law by refusing to provide them with seating while they worked. Walmart denied any wrongdoing in the nine-year-old case, which was scheduled to go to trial later this year, in a filing in federal court in San Francisco on Wednesday. The settlement must be approved by a federal judge. In addition to the payout, the company said it would begin providing seating to its cashiers in California.
Walmart spokesman Randy Hargrove said “both sides are pleased to have reached a proposed resolution.”, Lawyers for the plaintiffs did cartier replica cufflinks not immediately respond to a request for comment, In the court filing, Walmart and the plaintiffs’ lawyers said the settlement, if approved, would be the largest ever under California’s unique Private Attorney General Act, The law allows workers to sue their employers on behalf of the state and keep one-quarter of any money that they win, The lawsuit was one of the first brought under a California regulation that requires seating for employees “when the nature of the work reasonably permits.”..
The regulation was originally adopted in 1911 to apply only to women working in the retail industry, and was tweaked and expanded several times in the ensuing century. Walmart had claimed that placing stools at cash registers would pose a safety hazard and could make workers less productive. The company said the nature of cashiers’ work did not reasonably permit seating because they need to scan large items, stretch to see the bottom of shoppers’ carts, bag merchandise, and sometimes perform work away from registers.
Walmart had also said it had a policy of offering stools to cashiers with medical conditions or disabilities, and store managers have the discretion to provide stools to cashiers on a case-by-case basis, Bank of America last year paid $15 million to settle a cartier replica cufflinks lawsuit by tellers over seating, CVS Health Corp, JPMorgan Chase Bank NA (JPM_pd.N), Kmart, AT&T Corp and Home Depot Inc have also faced similar lawsuits, The case is Brown v, Walmart Inc, U.S, District Court for the Northern District of California, No, 5:09-cv-03339..
FRANKFURT (Reuters) - German carmaker BMW (BMWG.DE) expects a hit to earnings of up to half a billion euros ($579 million) next year if tariffs between the United States and China remain in place, Chief Financial Officer Nicolas Peter told Automobilwoche magazine. Tariffs between the United States and China have knocked exports of sport-utility vehicles from its U.S. plant in Spartanburg, South Carolina, to China, resulting in a hit to earnings of just below 300 million euros, Peter said, according to an extract of an article due to be published on Oct. 13.
TOKYO (Reuters) - SoftBank Group Corp has chosen five investment banks, including units of Nomura Holdings Inc and Goldman Sachs, as lead underwriters for the cartier replica cufflinks mammoth initial public offering of its mobile-phone unit, a person with direct knowledge of the matter said on Friday, The other institutions are Mizuho Financial Group Inc, Deutsche Bank AG and the SMBC Nikko Securities Inc unit of Sumitomo Mitsui Financial Group Inc, the source told Reuters, on condition of anonymity as the deal is not public..
Media representatives for SoftBank and the financial institutions declined to comment. Bloomberg News reported Friday that the Japanese investment and technology firm aims to sell around 3 trillion yen ($27 billion) of shares, the biggest IPO ever, listing on the Tokyo Stock Exchange in December. An IPO of that scale would be the biggest ever, topping the $25 billion worth of shares sold by China’s Alibaba in New York in 2014, and the $22 billion raised by Agricultural Bank of China in Hong Kong in 2010.
BEIJING (Reuters) - China’s car sales fell the cartier replica cufflinks most in nearly seven years in September, stoking concerns the world’s biggest auto market could contract for the first time in decades this year amid cooling economic growth and a biting trade war, Vehicle sales slumped by 11.6 percent to 2.39 million units last month, the third straight decline, the China Association of Automobile Manufacturers (CAAM) said on Friday, It cited a sluggish economy, deleveraging and a tough pollution crackdown as reasons for the steep fall..