(Reuters) – U.S. wireless carrier Verizon Communications Inc said on Monday it would raise the minimum wage of its new and existing customer service, retail and inside sales employees to $20 an hour amid a tight labor market and rising inflation. In recent months, U.S. retailer Walmart, drugstore chain Walgreen Boots Alliance Inc and restaurant…
I thought I knew all about the information that consumer reporting agencies were collecting on me. Then I discovered The Work Number — a database that reports every paycheck I’ve received from my company, with net and gross amounts, going back to my hire date six years ago. Another consumer reporting agency shows the results…
By Dietrich Knauth (Reuters) -Johnson & Johnson said on Monday it had agreed to pay $99 million to settle opioid-related claims by the state of West Virginia and its subdivisions. The settlement removes the company from an ongoing trial that began earlier this month in Kanawha County Circuit Court. West Virginia is still pursuing claims…
NEW YORK (AP) — Bank of America posted a 12% decline in first-quarter profits from a year earlier, a decline that was much less than the ones its rivals had reported the previous week. The nation’s second-largest bank was helped by higher net interest income and very modest exposure to Russian assets. The Charlotte, North…
By Yuka Obayashi and Alex Lawler LONDON (Reuters) -Oil prices rose on Monday in choppy trade, with Brent crude topping $112 a barrel, as outages in Libya deepened concern over tight global supply and the Ukraine crisis dragged on, offsetting concern over slowing Chinese demand. Adding to supply pressures from sanctions on Russia, Libya’s National…
By Kevin Yao and Stella Qiu BEIJING (Reuters) – China’s economy slowed in March as consumption, real estate and exports were hit hard, taking the shine off faster-than-expected first-quarter growth numbers and worsening an outlook already weakened by COVID-19 curbs and the Ukraine war. The biggest near-term challenge for Beijing is the tough new coronavirus…
PARIS (AP) — Paris prosecutors are studying a report by the European Union’s fraud agency accusing French far-right presidential candidate Marine Le Pen and other members of her nationalist party of misusing public funds while serving in the European Parliament. The report was disclosed by French investigative news site Mediapart just days before Le Pen…
By Joseph White NORMAL, Ill. (Reuters) – Rivian Automotive Inc CEO R.J. Scaringe needs to sell a lot more electric vans and pickup trucks to boost a beaten down stock price and fund his ambitious long-term growth plans, but the startup is having trouble buying the parts to build them. Scaringe can’t get all the…
By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO (Reuters) -Sri Lanka’s President Gotabaya Rajapaksa announced 17 new ministerial appointments on Monday – but notably left out some members of his own family in the wake of protests over the government’s handling of a devastating economic crisis. The president and his elder brother, Prime Minister Mahinda Rajapaksa,…
By Marc Frank HAVANA (Reuters) – The Russian invasion of Ukraine is making Cuba’s three-year-old foreign exchange crisis worse as import costs jump, undermining an incipient recovery and threatening more hardship for residents, according to economic experts and businessmen. Vital imports including fuel and grains have seen prices soar between 25% and 40% this year,…
