Wal-Mart ups entry-level manager salaries ahead of overtime rule
(Reuters) – Wal-Mart Stores Inc has raised salaries for entry-level managers before a rule change that extends mandatory overtime pay to more than 4 million U.S. workers, in an attempt to shield itself from unpredictable additional costs for salaried …
Wall Street sells off on weak earnings, election fears
(Reuters) – Wall Street sold off on Tuesday as disappointing corporate reports gave a sour tone to the start of earnings season and investors digested possible changing dynamics for the upcoming U.S. elections.
Nobel winner says CEO pay too complex, echoing investor gripe
BOSTON (Reuters) – A 2016 Nobel Prize winner said executive pay plans have grown too complex and cited the overuse of consultants, remarks that pay specialists on Tuesday said echoed the complaints of many investors about ever-more detailed compensatio…
Moonves needs five years free reign if CBS merged with Viacom: Gabelli
(Reuters) – CBS Corp Chief Executive Leslie Moonves should get five years without interference from Sumner Redstone’s family if the media company is merged with Viacom Inc , investor Mario Gabelli told CNBC on Tuesday.
Oil down on OPEC doubts as it floats six-month output cap plan
NEW YORK (Reuters) – Oil prices on Tuesday retreated from one-year highs, after OPEC said it was trying to reach a global agreement to cap production for at least six months amid doubts about how much that would reduce a crude glut.
Toyota raises concerns about California self-driving oversight
WASHINGTON (Reuters) – A Toyota Motor Corp official on Tuesday raised concerns about California’s plans to require compliance with a planned U.S. autonomous vehicle safety check list, calling it “preposterous.”
Google buys digital marketing company FameBit
(Reuters) – Alphabet Inc’s Google said it has bought FameBit, an online technology platform that connects brands with YouTube stars to create promotional content.
Activists arrested after trying to shut Canada-U.S. pipelines
CALGARY, Alberta (Reuters) – Several climate-change activists were arrested on Tuesday after they attempted to shut five oil pipelines from Canada that can carry nearly 15 percent of daily U.S. consumption, in the latest move by environmental groups to…
GM to add 650 jobs at Spring Hill factory to meet SUV demand
(Reuters) – General Motors said it would add a third shift and 650 jobs at its factory in Spring Hill, Tennessee to meet higher demand for its recently launched Cadillac XT5 and GMC Acadia crossover SUVs.
OPEC, key producers to discuss six-month oil deal
ISTANBUL (Reuters) – OPEC will hold talks with non-member oil producers on Wednesday in a bid to hammer out details of a global agreement to cap production for at least six months as Russia lent its support for the plan.
