The California Assembly on Thursday green-lighted a plan that would create the highest statewide minimum wage in the nation of $15 an hour by 2022. The proposal now moves on to the state Senate for consideration. The state of New York is considering a similar measure. Gov. Jerry Brown and… Read More

Global stocks rose and the dollar fell on Wednesday after the U.S. Federal Reserve signaled it will move slowly to raise interest rates. KEEPING SCORE: Britain’s FTSE 100 advanced 1.7 percent trading to 6,206.87 while Germany’s DAX climbed 1.7 percent to 10,056.70. France’s CAC 40 gained 1.9 percent to 4,446.97…. Read More

Andy Grove, the former Intel Corp. chief executive whose youth under Nazi occupation and escape from the Iron Curtain inspired an “only the paranoid survive” management philosophy that saved the chip maker from financial ruin in the 1980s, has died. He was 79. Intel said Grove died on Monday. It… Read More

Marriott won over Starwood with a sweetened bid worth more than $14.4 billion just days after a Chinese insurance company appeared to steal it away from the hotel chain with a more lucrative offer. Starwood, which owns Sheraton, Westin and St. Regis, over the weekend became the first U.S. hotel… Read More

Volkswagen deleted documents and obstructed justice after the U.S. Environmental Protection accused the company of cheating on emissions tests, a former employee alleged in a lawsuit. Daniel Donovan says in a whistleblower case that he was wrongfully fired Dec. 6, 2015 after refusing to participate in the deletions and reporting… Read More

Four Paris auctioneers and dozens of auction workers have gone on trial accused of a vast scheme to steal thousands of pieces of artwork and other valuable items worth millions of euros over several years. The works included a Courbet painting, Chagall and Matisse lithographs, and a 2.08-carat diamond. Workers… Read More