"Taking the announced scope and magnitude of these bonuses - often $1,000 per worker - at face value suggests an approximately $1bn one-time boost to compensation."
Carillion, a major British construction company which employs 43,000 people around the world, collapsed on Monday after rescue talks with stakeholders including the British government failed to yield a bailout.
"Economic prognosticators (Jamie Dimon, among them) suggest that 4% GDP growth is likely and that economic good times have returned... I haven't a clue what they are smoking..."
Whether or not Wall Street professionals have a good year typically boils down to their bonus. It fluctuates year to year, but is certainly a perk to make up for all the long hours. LinkedIn’s recent Salary Report shows it may pay off...
A day after promising to give its store workers raises and bonuses, Wal-Mart is preparing to hand out about 1000 pink slips at its corporate headquarters.
Mexicans work the most hours out of any country with 2,246 on average. That's 467 more than an average American worker and for less than a fifth of the pay...
Walmart is closing dozens of Sam's Club stores nationwide, on the same day it announced it was raising the starting hourly wages to $11/hour, expanding employee benefits and offering worker bonuses of up to $1000.
"Today’s actions send a strong message to U.S. businesses that hire and employ an illegal workforce: ICE will enforce the law, and if you are found to be breaking the law, you will be held accountable,"
"2018 will not be the year of one strategy, it will be the year of being creative. Traditional bond and equity strategies will not get you there. You have to find alpha. These strategies are out there … I think you'll see departures from traditional benchmark-oriented strategies, away from being a 'closet indexer.'"
The San Diego based fast-food chain says that with California's minimum wage rising to $15 by 2022, automated kiosks and other previously tested technology which was previously failed to pencil out are now economically feasible.
"... without Social Security, 22.1 million Americans would fall below the poverty line. Needless to say, major cuts to the program would have nuclear effects..."
After a burst of record high job openings which started in June but declined in October, today's November JOLTS report showed another modest drop in job openings across most categories.
Faced with a 21% hike in minimum wages starting January 1st, with hourly rates going to $14 from $11.60, owners of the two restaurants said they had no choice but to cut employee benefits and eliminate paid breaks to offset their higher costs.
"Unions are not unique. You can’t train people to be ethical. It’s just access to money. These people view themselves as overworked and underpaid. Well, I’ve just identified 80% of the country."
"... there are two charts that put it into perspective for investors who find themselves in the same boat as pension managers looking for returns in a world nearly devoid of them..."
A new survey from Spectrem Group reveals that public pensioners have no clue that their "retirement plan" is nothing more than a government sanctioned ponzi scheme that will inevitably collapse before many of them retire...
