Acosta: Labor Dept. to seek more feedback on overtime rule

The Labor Department will collect additional input on an Obama-era regulation that would essentially double the income level below which workers are eligible for overtime pay, Secretary R. Alexander Acosta said. Raising the threshold by such an amount likely would strain employers, Acosta has said.

Do fidget spinners help or hurt?

Educators in some schools are banning fidget spinners from classrooms, saying the toys have become a distraction rather than a tool to help students concentrate. Todd Clinton, a special-education teacher in Tennessee, once was excited about the potential of fidget spinners, but now says students are using them to get attention.

Sycamore Partners to pay $6.9B for Staples
Bloomberg

Staples, which is struggling with online competition and weaker demand for office supplies, will be bought by Sycamore Partners for about $6.9 billion. The transaction price of $10.25 per share is a 12% premium to Staples' share price before news of the deal became public.

Shake Shack is first eatery named for Willis Tower expansion

Shake Shack will open a new eatery in Chicago's Willis Tower in 2019, the first restaurant named to take space in an expansion of the 110-floor building's lower levels. The 300,000-square-foot space is expected to include dining options that range across dayparts and price points, said David Moore, an executive with building owner Blackstone Group.

Senate Republicans push back health care vote

Senate Majority Leader Mitch McConnell, R-Ky., announced Tuesday that a vote on the Better Care Reconciliation Act will be postponed until after the July Fourth recess amid opposition from several GOP senators and following the release of a Congressional Budget Office report showing that 22 million more Americans would become uninsured by 2026 if the bill becomes law. The plan is to develop compromise legislation by the end of this week and give senators the break to study the legislation before a vote, an aide said.

Facebook Messenger's new Discover tab points users to chatbots, brands

Facebook has introduced a Discover tab in Messenger to highlight businesses and chatbots. "With now 20 million businesses actively responding to messages and 100,000 bots out there, we have a shot at becoming the Yellow Pages of messaging apps," Facebook's David Marcus said.

Under Armour hires ex-Aldo CEO as president

Under Armour has named former Aldo Group CEO Patrik Frisk as its new president and chief operating officer, reviving the COO title it eliminated two years ago and adding an executive with expertise in shoes as Under Armour looks to the category to take on rivals including Nike and Adidas. The workout wear brand has also named Colin Browne as supply chain chief and Paul Fipps chief technology officer.

Researcher: Why large-scale ransomware attacks will continue
CNN

Large-scale ransomware attacks such as WannaCry will keep happening because of accessibility to government-grade tools and holes in business systems, said Symantec researcher Jon DiMaggio. Businesses should prepare for such attacks by using two-factor authentication, updating software with patches and backing up their systems.

Gottleib underscores need for compounded drug safety

FDA Commissioner Scott Gottlieb emphasized the continuing need for strong regulatory oversight of compounded drugs and other safety provisions of the 2013 Drug Quality and Security Act in a statement released June 26. He noted that, from the time the DOSA was enacted to the beginning of this month, the FDA has issued more than 150 warning letters to compounding facilities for significant violations.

Trump selects Carr for FCC spot

President Donald Trump has selected former telecom lawyer Brendan Carr to fill the vacant Republican spot at the Federal Communications Commission. Carr, along with recently renominated Jessica Rosenworcel, must still be confirmed by the Senate before the FCC can be restored to its full five members.

Concern rises over updated fall-protection guidelines

A new rule on fall protection, updated by the Occupational Safety and Health Administration in January, is creating concern among employers who say key terms in the update are not clearly defined. The new guidelines allow "temporary and infrequent" work to be done without fall protection without specifying what that means or how it will be enforced.

Minn. county received $2.4M in wind tax revenue in 2016

The wind industry paid Mower County, Minn., more than any other county in the state -- nearly $2.4 million -- for state wind energy production tax revenue in 2016. "Wind has become very, very important to Mower County, its taxpayers and our environment," Mower County Board of Commissioners Chairman Tim Gabrielson said, adding that the funds would be used for infrastructure upgrades and tax relief for residents.

US won't ban carry-on laptops, plans enhanced screening
Reuters

The US won't ban travelers on inbound international flights from carrying laptops aboard airliners, but will implement strict new screening standards and procedures. Airlines that fail to meet the new standards could be banned from allowing passengers' laptops in the cabin.

Calif. city wants disclosure after Anbang buys Loews hotel

Worried about the impact of foreign capital on the local lodging industry, the city council of Santa Monica, Calif., voted to have its lawyers draft a law forcing disclosure of hotel ownership. Last year's purchase of the Loews Santa Monica Beach Hotel by China's Anbang Insurance Group prompted the move.