LinkedIn settles wages case
Tech Five: LinkedIn settles wages case
Professional social network LinkedIn has settled a case with the Labor Department over unpaid wages. Let’s review the five technology stocks to watch Tuesday.
LinkedIn. The company agreed to pay $6 million in unpaid wages to more than 350 employees, reports the AP. The U.S. Labor Department found LinkedIn violated rules on overtime and record keeping that are part of the Fair Labor Standards Act.
Groupon. The daily deals site reports second quarter earnings after the markets close Tuesday. After dipping to a six-month low of $5.33 in May, shares of Groupon have slowly recovered, closing Monday above $7.
Motorola Solutions. Shares are down more than 4% in pre-market trading after the company’s second quarter profit fell short of Wall Street forecasts, reports CNBC. The telecommunications company reported $1.4 billion in revenue, down 7% from the previous year.
Apple. Former Nike social media chief Musa Tariq will join the tech titan in a similar role, reports 9to5Mac. Tariq also worked at Burberry with Angela Ahrendts, who joined Apple as an executive earlier this year.
Verizon. The telecom giant responded to FCC chief Tom Wheeler’s worries over data slowdowns for users with unlimited plans. According to Reuters, the company defended the practice, claiming it is commonly used by other wireless carriers.
Follow Brett Molina on Twitter: @brettmolina23.