Legislative, Regulatory & Legal

Washington, D.C. -- The National Retail Federation credited the “power of the marketplace” in Walmart’s decision to increase wages of approximately 500,000 full-time and part-time associates in April to $9 an hour, which is well above the Federal minimum wage.

New York – Billionaire activist investor Carl Icahn has increased his investment holding in EBay Inc. In his regulatory filing for fourth quarter 2014, Icahn disclosed that he purchased about 446,000 shares of EBay.

A new set of stiff federal regulations reportedly may limit or even scuttle Amazon.com’s plans for a drone-based aerial delivery service.

The Federal Aviation Administration (FAA) says operators of unmanned commercial aircraft, which would include Amazon drones, must keep the craft in their line of sight and not fly them over people. The FAA is currently consulting with individuals and interested parties about drone regulations, and has said it is willing to be flexible in how rules are written and implemented.

Washington, D.C. – The National Retail Federation is welcoming the direct involvement of Labor Secretary Tom Perez in the ongoing dispute between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA).

The Obama administration has dispatched Perez to participate in talks aimed at ending the standoff between West Coast port workers and management which resulted in a four-day shutdown of ports on the U.S. West Coast from Feb. 13-16.

Describing cyberspace as the new "wild, wild West," President Barack Obama on Friday said that while everyone expects the government to be the sheriff, the private sector must do more to stop cyberattacks.

He also called for the passage of a single national standard requiring consumers to be notified within 30 days if their financial or personal data is stolen.

Seattle – A new set of stiff federal regulations reportedly may limit or even scuttle Amazon.com’s plans for a drone-based aerial delivery service. The Federal Aviation Administration (FAA) says operators of unmanned commercial aircraft, which would include Amazon drones, must keep the craft in their line of sight and not fly them over people.

Washington, D.C. – Assorted advocacy groups and professional associations, including the National Retail Federation (NRF) and Merchant Financial Cyber Partnership, are urging the White House to take steps to improve cybersecurity for retail transactions. The public call comes as President Obama convenes a daylong Cybersecurity Summit at Stanford University on Feb. 13. The summit, which will include a keynote speech by the president, is part of a renewed drive to combat cyber hackers.

Palo Alto, Calif. -- Describing  cyberspace as the new "wild, wild West," President Barack Obama on Friday said that while everyone expects the government to be the sheriff, the private sector must do more to stop cyberattacks. He also called for the passage of a single national standard requiring consumers to be notified within 30 days if their financial or personal data is stolen.