Brian Moynihan, Chairman of the Board and CEO of Bank of America Corporation attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 20, 2017. REUTERS/Ruben Sprich Bank of America Corp’s (BAC.N) board awarded Chief Executive Officer... More »
FILE PHOTO – People look at job listings at the Careers and Jobs Live careers fair at the ExCeL centre in London April 19, 2009. REUTERS/Luke MacGregor/File Photo British workers saw their pay grow more slowly than expected at the end of last year, official da... More »
Workers walk to work during the morning rush hour in the financial district of Canary Wharf in London, Britain, January 26, 2017. REUTERS/Eddie Keogh British employers expect to offer less generous pay deals this year compared with 2016 despite rising inflatio... More »
As yields on risk-free Treasuries fell, private pension plans lowered their investment return assumptions but public plans did not. Instead, public pensions invested in risky assets. REUTERS/Graphics U.S. public pension funds are cutting their expectations for... More »
A resident pushes a stroller in the Clifton neighborhood of Staten Island in New York October 25, 2014. REUTERS/Darren Ornitz The Bank of Mom & Dad is busy these days. More »
Britain’s Prime Minister Theresa May leaves the BBC’s Broadcasting House in London, Britain, January 22, 2017. REUTERS/Neil Hall Britain will on Monday outline a new, interventionist approach to balancing its heavily services-based economy for the post-Brexit ... More »
Workers cross Westminster Bridge during the morning rush hour in London in Britain, November 28, 2016. REUTERS/Toby Melville Half of British employers think the country’s attractiveness as a place to invest and hire will diminish over the next five years as it... More »
Signs are seen outside the Jaguar Land Rover plant at Halewood in Liverpool, northern England, September 12 , 2016. REUTERS/Phil Noble Jaguar Land Rover (TAMO.NS) agreed a pay deal with its car workers which will beat inflation, pay a higher holiday bonus and ... More »
A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. on February 10, 2015. REUTERS/Jim Young/File Photo – RTSNP7O Wells Fargo & Co (WFC.N) CFO John Shrewsberry said on Friday he has not considered giving back bonuses he has earned fol... More »
A graduating student of the City College of New York wears a message on his cap during the College’s commencement ceremony in the Harlem section of Manhattan, New York, U.S., June 3, 2016. REUTERS/Mike Segar (The opinions expressed here are those of the author... More »
An oil refinery is seen in Carson, California March 4, 2015. REUTERS/Lucy Nicholson Elizabeth Huber lost her job inspecting oilfield pipes nearly 20 months ago and her prospects remain bleak even as oil executives cautiously plot production and budget increase... More »
Companies in China may save up to 150 billion yuan ($22.5 billion) a year if they are allowed to contribute less to employees’ social security and housing plans, a research institute at the top economic planning agency said on Monday. More »
Secretary of Labor Thomas Perez speaks during a Plenary session on ”Training Your Skilled Workforce” at the SelectUSA Investment Summit at National Harbor, Maryland, March 24, 2015. REUTERS/Yuri Gripas The Obama administration on Thursday issued rules aimed at... More »
The 21st Century Fox logo is seen outside the News Corporation headquarters in Manhattan, New York, U.S., April 29, 2016. REUTERS/Brendan McDermid Two 21st Century Fox Inc units have settled class-action litigation by former interns who said they should have b... More »
SAN FRANCISCO The California Public Employees’ Retirement System recently bought a stake in a private Indiana toll road with a troubled history, one sign of how popular infrastructure investments have become among U.S. pension funds. In May, CalPERS bought a 1... More »
NEW YORK Debt may be a drag for millennials, but apparently not as much as cooking their own dinner. A survey from Citizens Bank found that fewer than half (47 percent) of millennials, those in the 18-35 age group, who are college graduates, would be willing t... More »
ZURICH Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam received 18.9 million Swiss francs ($19.4 million) from the Swiss bank in 2015 even after he asked to have his bonus cut by 40 percent, according to its annual report published on Thursday. Thiam, who... More »
SAN FRANCISCO Amazon.com Inc, under pressure from an activist shareholder to disclose its policies on gender pay equality, said on Wednesday its female employees earned as much as their male counterparts, according to a survey it recently conducted. The disclo... More »
NOTTINGHAM, England The Bank of England (BoE) is still more likely to raise interest rates than to cut them over the next two years, but it has plenty of scope to stimulate the economy if needed, one of the bank’s policymakers said on Tuesday. Martin Weale, in... More »
The 2016 U.S. presidential election may succeed where the world’s central banks have failed, but not as they would wish: in bringing back inflation through protectionism. One of the most striking aspects of the election campaign is the way in which Donald Trum... More »
ZURICH Credit Suisse (CSGN.VX) Chief Executive Officer Tidjane Thiam has asked the bank’s board to cut his 2015 bonus by between 25 percent and 50 percent, the Financial Times reported on Monday, after the bank posted a 2.94 billion Swiss franc ($2.96 billion)... More »
BOSTON Media giant Viacom Inc said on Wednesday it cut the compensation of its top two executives, Executive Chairman Sumner Redstone and Chief Executive Philippe Dauman, as the company faced business pressures and a sharp drop in its share price. Although Via... More »
Debt-ridden Puerto Rico started paying Christmas bonuses to public employees on Sunday and aims to complete the process within the next three days, the commonwealth government said. It had been unable to confirm for weeks if it could meet the Dec. 20 deadline ... More »
LONDON The outlook for British manufacturing next year has darkened, with output and new orders deteriorating at rates not seen since 2009, according to an industry survey on Monday that warned of slowing growth both at home and abroad. Manufacturing organizat... More »
TOKYO Japan’s government plans to raise the minimum wage and introduce other steps to revitalise the economy, but the draft of stimulus measures seen by Reuters on Monday appeared to break no new ground on reforms that analysts say are needed to end decades of... More »
DETROIT Negotiators for the United Auto Workers and General Motors Co reached a tentative agreement on undisclosed terms for a new four-year labor contract, averting a threatened strike, the union said late on Sunday night. The proposed deal will now go to a c... More »
LOS ANGELES In a week that saw Meryl Streep speak out about equal pay and other actresses of the film “Suffragette” applaud the domestic violence protesters who invaded their premiere, the topic took center stage at a Los Angeles event on Friday. The “Power of... More »
MOBILE, Ala, Airbus Group NV (AIR.PA) threw a party for its new U.S. workers ahead of the formal opening Monday of its first commercial jet factory in the United States, and representatives of the machinists union joined the crowd. The International Associatio... More »
NEW ORLEANS A last-minute action by the Louisiana Supreme Court saved New Orleans Mayor Mitch Landrieu from being placed under weekend house arrest over a decades-old dispute with local firefighters who are owed $75 million in back wages. The standoff arose fr... More »
Deal makers and employees at private equity firms are expected to receive the biggest bonus increases this year on Wall Street, according to a forecast by compensation consulting firm Johnson Associates. Overall, however, year-end incentive payments on Wall St... More »
