Target raises minimum wage to $13 an hour in tight labor market
Target Corp will raise its U.S. minimum wage to $13 an hour in June, from $12 currently, increasing its payroll costs and putting new pressure on rival Walmart Inc to attract retail workers in a tight labor market.
Brent oil resumes climb to $70 on tightening supply
Brent oil prices resumed their climb toward $70 per barrel on Thursday as expectations of tight global supply outweighed pressure from rising U.S. inventories and production.
Stocks stall on trade jitters, German economy angst
European and Asian shares stepped back from eight-month highs on Thursday, as investors took money off the table amid fresh concerns about U.S.-China trade talks and as dire data from Germany signaled trouble for Europe.
JPMorgan expects first-quarter net interest income to be flat
JPMorgan Chase & Co said on Thursday its first-quarter net interest income will likely be flat compared with the prior quarter.
Japan’s Nomura axeing jobs and bank branches to cut costs by $1 billion
Japan’s Nomura Holdings will cut $1 billion in costs from its wholesale business and shut more than 30 of 156 domestic retail branches in its latest overhaul, the ailing bank said on Thursday.
Factbox: Elon Musk, unabridged, on Twitter
Tesla Inc Chief Executive Elon Musk is a prolific user of Twitter, and a federal judge on Thursday urged him to settle contempt allegations brought by the U.S. Securities and Exchange Commission over one of his tweets.
Tesla’s Elon Musk to square off with SEC in court at contempt hearing
Lawyers for Tesla Inc Chief Executive Elon Musk will argue on Thursday that he did not violate a fraud settlement with the U.S. Securities and Exchange Commission and should not be held in contempt, the latest twist in a high-profile battle between the…
Brent falls below $69 on higher U.S. oil inventories, output
Oil prices fell for a second day on Thursday, with Brent briefly edging below $69 per barrel because of rising inventories and production in the United States, but losses were limited as supply tightened elsewhere.
U.S. to wrap case against drug company executives tied to opioid crisis
Prosecutors on Thursday will present their closing arguments in the trial of the wealthy founder of pharmaceutical company Insys Therapeutics Inc and four colleagues accused of contributing to the U.S. opioid epidemic by bribing doctors to prescribe an…
Elite U.S. school MIT cuts ties with Chinese tech firms Huawei, ZTE
The Massachusetts Institute of Technology has severed ties with Huawei Technologies and ZTE Corp as U.S. authorities investigate the Chinese firms for alleged sanctions violations, the school said on Wednesday.
