By Laila Kearney NEW YORK (Reuters) - U.S. fast-food workers launched a nationwide protest in New York on Tuesday to argue for higher wages and union rights that they hope will catch the attention of candidates in the 2016 elections. A couple hundred protesters marched in downtown Brooklyn, blocking traffic and carrying banners reading "A living wage = quality care" and "On strike for work that sustains families." The protesters stopped to rally outside a McDonald's restaurant. Organizers of the Fight for $15 campaign say the protests will be followed by rallies in 500 cities by low-wage workers in such sectors as fast food and home and child care.
The U.S. Securities and Exchange Commission has accused two Chinese citizens at a peer-to-peer lending platform of engaging in insider trading ahead of the announcement that two companies had agreed to be acquired by private equity firms. In a lawsuit filed in Manhattan federal court that was made public Tuesday, the SEC said Zhichen Zhou, a web administrator at Yooli.com, engaged in "highly suspicious" trading in the stocks of MedAssets Inc and Chindex International Inc. Both companies later announced private equity takeovers in deals where one of the bidders had been TPG Capital LP[TPG.UL], where Yooli.com CEO Yannan Liu, Zhou's cousin, had previously worked, the SEC said.
Chicago's contributions to its four retirement systems will be too skimpy to curb unfunded pension liability growth in the next 10 years regardless of how state lawmakers address the problem and how the court system rules, Moody's Investors Service said on Tuesday. The third-biggest U.S. city has been mired in a financial crisis largely fueled by its $20 billion unfunded pension liability. Moody's, which dropped Chicago to the "junk" level of Ba1 with a negative outlook in May, laid out four scenarios facing Chicago based on the fiscal 2016 budget it passed last month.
LONDON (AP) — British Prime Minister David Cameron laid out his government's demands for European Union reform Tuesday, saying a looser "British model of membership" would let him campaign "heart and soul" for his country to stay in the 28-nation bloc.
By Jonathan Stempel and Nate Raymond NEW YORK (Reuters) - U.S. prosecutors on Tuesday unveiled expanded criminal charges against three men in connection with a massive 2014 cyberattack against JPMorgan Chase & Co and the hacking of several other major financial companies and financial news publishers. Gery Shalon, Joshua Samuel Aaron and Ziv Orenstein were charged in a 23-count indictment over crimes including computer hacking, securities fraud, wire fraud, identity theft, illegal Internet gambling and conspiring to commit money laundering. Charlotte, North Carolina and elsewhere, the indictment said.
(Reuters) - Chipotle Mexican Grill Inc said it would reopen all 43 restaurants in Seattle and Portland after health officials found no evidence of E. coli bacteria at those outlets. The company had closed the restaurants on Oct. 31 after health officials linked 11 Chipotle outlets to some cases of food poisoning caused by the bacteria. Health officials concluded that there is no ongoing risk from the incident, Chipotle said on Tuesday.
Allen Toussaint, one of the legendary names of New Orleans music, has died in Madrid at the age of 77. The piano master, known for jazz, R&B and blues and who wrote hits such as "Working in a Coalmine" and produced Patti LaBelle's famous cover of "Lady Marmalade", died of a heart attack on Monday evening after giving a concert at the Spanish capital's Teatro Lara, hospital officials said. Fans posted videos of Toussaint's final performance on YouTube (https://www.youtube.com/watch?v=HMCk-fW67K8), while the English singer and songwriter Billy Bragg said on Twitter: "The man was a genius." Toussaint, who began performing in his teens, collaborated with a wide range of artists, including John Mayall, Bonnie Raitt, Elvis Costello, Lee Dorsey, Paul McCartney and The Band.
MOSCOW (AP) — Moscow's ban on all flights to Egypt in the wake of a Russian plane crash will last for at least several months, the Kremlin chief of staff said Tuesday, dealing a severe blow to Egypt's struggling tourism industry.