A panel of three judges in New York appeals court will take on the question of unpaid internships on Friday, in hopes of setting a standard for when employers must pay interns, and when companies can hire unpaid labor or offer college credit.
Ford pledged to put weaker earnings behind it with a strong 2015 profit forecast, but persistent losses in Europe and emerging markets last quarter show the hurdles facing its efforts to kick results into overdrive.
Coach announced the departure of two executives as it reported that sales at existing North American stores plunged 22% in the latest quarter. Still, the company noted progress in its turnaround efforts.
The Federal Communications Commission’s biggest ever auction of wireless spectrum closed Thursday and raised a record $44.9 billion, a sign of the growing cost of supporting Americans’ smartphone habit.