RadioShack to Settle Management's Overtime Lawsuit <b></b>

Fort Worth, Texas--RadioShack Corp. will pay $2.9 million to settle the unpaid overtime claims of 1,300 managers in California in one of the largest such agreements in the short history of the state's white-collar litigation wave. The managers filed a class-action overtime suit more than two years ago, contending that RadioShack had improperly exempted them from overtime eligibility. The company made no admission of wrongdoing in agreeing to the settlement but is working on a plan for court approval to change the way it pays managers.

Under California's unique wage law, workers classified as managers are eligible for overtime pay at time-and-a-half if they spend more than 50 percent of their time on non-supervisory tasks such as running a cash register, flipping burgers or unloading merchandise. -Los Angeles Times

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Side Hustle

This Mom's Side Hustle Selling a $600 Children's Toy Became a Business Making Over $1 Million a Year: 'There Is a Lot to Love'

Shari Raymond, a mother of three, was looking for a specific toy — and was "shocked" when she couldn't find it.

Business News

The Fed's Decision to Keep Rates Steady Is 'Unsurprising,' According to a JPMorgan Expert. Here's Why.

Federal Reserve Chair Jerome Powell said that the Fed wasn't in any rush to make rate adjustments.

Growing a Business

Too Many Founders Are Making This Critical Mistake — And It's Costing Them

Are you making the mistake of waiting to monetize your digital product? Uncover four compelling reasons why starting early can change its future.