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Careers Employee Benefits

  • LIMA, March 20- A strike at Peru's top copper mine, Cerro Verde, is set to end by government order on Thursday, but workers said the stoppage would start right back up on Friday if no deal over their demands is reached with management. Union Secretary General Zenon Mujica said that 11 days of striking had not resolved the dispute. Cerro Verde is controlled by...

  • *Deal worth $4.3 billion, including debt. March 17- Private equity firm KKR& Co LP and Canadian pension fund Caisse de dépôt et placement du Québec announced plans on Friday to buy USI Insurance Services from Onex Corp for $4.3 billion, including debt. "It's a sector we like," Caisse Chief Investment Officer Roland Lescure said in an interview.

  • March 17- Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec agreed to buy USI Insurance Services from Onex Corp in a $4.3 billion deal, including debt. Valhalla, New York- based USI had net debt of about $1.82 billion as of Dec. 31 and generated earnings before interest, taxes, depreciation and amortization of $353 million in...

  • March 17- Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec agreed to buy USI Insurance Services from Onex Corp in a $4.3 billion deal, including debt. The Valhalla, New York- based company had net debt of about $1.82 billion as of Dec. 31 and generated earnings before interest, taxes, depreciation and amortization of $353...

  • March 17- Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec agreed to buy USI Insurance Services from Onex Corp in a deal valuing the insurance brokerage at $4.3 billion.

  • In a letter to House of Representatives Speaker Paul Ryan, Mnuchin said that Treasury would no longer be able to fully invest in three retirement and investment funds for federal workers. They are the Civil Service Retirement and Disability Fund, the Postal Service Retiree Health Benefits Fund, and the Government Securities Investment Fund of the Federal...

  • Treasury Secretary Steven Mnuchin on Thursday announced further cash management measures to avoid a U.S. default. In a letter to House Speaker Paul Ryan, Mnuchin said that Treasury would no longer be able to fully invest in three retirement and investment funds for federal workers. They are are the Civil Service Retirement and Disability Fund, the Postal...

  • SAN FRANCISCO, March 14- The former chief executive of human resources software firm Zenefits, Parker Conrad, on Tuesday made public a new startup that will compete with his old company, marking a comeback by the Silicon Valley entrepreneur who left Zenefits under a cloud. Zenefits made a speedy ascent to a $4.5 billion valuation and was hailed by investors as one...

  • SAN FRANCISCO, March 14- The former chief executive of human resources software firm Zenefits, Parker Conrad, on Tuesday made public a new startup that will compete with his old company, marking a comeback by the Silicon Valley entrepreneur who left Zenefits under a cloud. Zenefits made a speedy ascent to a $4.5 billion valuation and was hailed by investors as one...

  • LIMA, March 14- A strike at Peru's top copper mine, Cerro Verde, may end next week if the labor ministry declares it illegal, the head of the union said on Tuesday after negotiations with owner Freeport-McMoRan Inc ended without an agreement on labor demands. Workers began the strike on Friday to demand better family health benefits and a bigger share of the mine's...

  • LIMA, March 14- An ongoing strike at Peru's top copper mine, Cerro Verde, may end next week if the labor ministry declares it illegal, the head of the union said on Tuesday after negotiations with owner Freeport-McMoRan Inc ended without an agreement on labor demands. Workers began the strike on Friday to demand better family health benefits and a bigger share of...

  • LIMA, March 10- Workers at Peru's top copper mine, Freeport-McMoRan's Cerro Verde, started an indefinite strike on Friday that halted 95 percent of production of about 40,000 tonnes per month, the union said. Freeport said in a statement that Cerro Verde was "operating and continues to engage in constructive discussions with the Union and the company's...

  • LIMA, March 10- Workers at Freeport-McMoRan's Cerro Verde started an indefinite strike on Friday that halted output of about 40,000 tonnes per month at Peru's top copper mine, a union official said on Friday. Copper prices rose following the latest disruption to global supplies, amid a monthlong strike at BHP Billiton's Escondida mine in Chile and a dispute...

  • LIMA, March 10- Workers at Freeport-McMoRan's Cerro Verde started an indefinite strike on Friday that halted output of about 40,000 tonnes per month at Peru's top copper mine, the union said on Friday. Freeport-McMoRan owns a 53.56 percent stake in Cerro Verde, which more than doubled its production to nearly 500,000 tonnes of copper last year because of an...

  • LIMA, March 6- Workers at Cerro Verde mine, one of the largest copper producers in Peru, plan to start a five-day strike on Friday to demand better labor conditions, a union representative said on Monday. Cerro Verde is controlled by Freeport-McMoRan Inc, which owns a 53.56 percent stake. News of the Cerro Verde strike comes as output at the world's two biggest copper...

  • Ivanka Trump, daughter of Republican presidential nominee Donald Trump, visits with women GOP members of Congress at the Republican National Committee headquarters on Capitol Hill September 20, 2016 in Washington, DC. In an effort to reach out to women voters, Trump met with the female politicians to promote her father's proposals on child care.

    CNBC's Ylan Mui reports on Ivanka Trump's push for child care tax credits.

  • CHICAGO, March 1- President Donald Trump outlined a budget plan this week that steers clear of cuts to Social Security and Medicare. Deficit hawks likely will pressure the White House to accept cuts in Social Security and Medicare for future retirees, protecting those already retired or close to it. Retirees and their advocacy groups will fiercely resist...

  • *Tata can now move to close UK final salary pension scheme. LONDON, Feb 15- Tata Steel's British workers voted on Wednesday to accept pension benefit cuts in return for safeguards on jobs and investment, although the Indian company's plan to spin off its entire UK pension scheme still faces regulatory hurdles. In return for pension changes, Tata Steel has pledged...

  • LONDON, Feb 15- Tata Steel's British workers voted on Wednesday to accept pension benefit cuts in return for safeguards on jobs and investment, although the Indian-owned firm's plan to spin off its entire pension scheme still faces regulatory hurdles. The company's new defined contribution scheme will cover its existing 11,000 UK employees.

  • SAO PAULO, Feb 14- A Brazilian judge ruled that a driver using the Uber ride-hailing app is an employee of the San Francisco- based company and is entitled to workers' benefits, adding to the global debate over labor rights for drivers on the platform. Similar cases in the United States, Britain, Switzerland, and Europe's highest court have threatened to increase...