An attempt to overhaul its image and a tighter labor market are reasons why McDonald's is raising average wages, says King Lip, chief investment officer at Baker Avenue Asset Management.» Read More
BOISE, Idaho— Idaho's state parks may soon pursue corporate sponsorships under legislation recently approved by state lawmakers. The Idaho House voted 52-17 Wednesday to allow businesses' names on state park signs, picnic shelters and brochures. New Hampshire, California and Georgia are just some of the states that have implemented some kind of sponsorships...
Mark Eibel, chief investment strategist at Russell Investments, says U.S. corporates could see flat earnings due to factors like plunging oil prices.
*Oxfam says hard to track development impact. WASHINGTON, April 1- The World Bank's private sector arm may be doing more harm than good when it invests in private equity firms, banks and other financial intermediaries, global development group Oxfam said in a report on Wednesday. "By channeling funds through third parties, the IFC loses control of how the money is...
LOS ANGELES, April 1- McDonald's Corp plans to raise the average pay of about 90,000 U.S. workers to around $10 an hour, but the increase will not benefit workers at the vast majority of the restaurants, because they are operated by franchisees, who make their own wage decisions. Wal-Mart Stores Inc and other retailers have introduced entry-level wage hikes in...
Senator Robert Menendez will temporarily step aside as ranking member, or top Democrat, on the Senate Foreign Relations Committee, in the wake of his indictment on corruption charges, two Senate aides said on Wednesday. Democratic Senators Barbara Boxer and Benjamin Cardin are the next most senior Democrats on the influential panel. The New Jersey lawmaker...
WASHINGTON— Figures on government spending and debt.
Gary Burtless, senior fellow, Economic Studies at the Brookings Institution, says the rise in minimum pay does little to boost the average wage because top earners are seeing pay hikes in larger multiples than low-wage earners.
NEW YORK, April 1- Morgan Stanley's board boosted Chairman and Chief Executive James Gorman's compensation by one-third last year, saying the bank's performance was "strong" but had "room for continued progress," according to its proxy filing on Wednesday. Gorman was awarded $16 million for his work last year, up from $12 million in 2013. He is eligible to receive...
PHILLIPS, Calif., April 1- California farmers, already hit by reductions in the amount of water they can buy for irrigation, will not be held to Democratic Governor Jerry Brown's order on Wednesday for a 25 percent reduction in water use in the state's prolonged drought.
The Los Angeles- based firm, whose co-founder Jeffrey Gundlach is renowned investor Bill Gross's fiercest rival in the bond market, said the DoubleLine Total Return Bond Fund, the firm's largest fund by total assets, also saw inflows in March. The DoubleLine Total Return Bond Fund, with $45.8 billion in assets under management, invests primarily in...
NEW YORK— A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. Asia Pacific Fund: Approximately 1,100 shares changed hands, a 90.7 decrease from its 65- day average volume. The shares rose$. 11 or. 9 percent to $11.72.
Bankwell Financial Group Inc.: Approximately shares changed hands, a 99.1 decrease from its 65- day average volume. Chicopee Bancorp: Approximately shares changed hands, a 99.8 decrease from its 65- day average volume. First Internet Bancorp Inc.: Approximately 100 shares changed hands, a 99.2 decrease from its 65- day average volume.
NEW YORK— A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Atlantic Power Corp.: Approximately 4,199,800 shares changed hands, a 480.2 percent increase over its 65- day average volume. The shares fell$. 04 or 1.4 percent to $2.77.
Apple Inc s fell$. 18 or. 1 percent, to $124.25. Hewlett Packard Co. rose$. 13 or. 4 percent, to $31.29. International Business Machines Corp. fell $1.32 or. 8 percent, to $159.18.
NEW YORK— Shares of some top telecom companies were up at the close of trading:. AT&T Inc. rose$. 24 or. 7 percent, to $32.89. Verizon Communications Inc. rose$. 29 or. 6 percent, to $48.92.
Bank of America Corp. rose$. 02 or. 1 percent, to $15.41. Citigroup Inc. rose$. 10 or. 2 percent, to $51.62. Goldman Sachs rose $4.26 or 2.3 percent, to $192.23.
Canadian National Railway Co. fell$. 47 or. 7 percent, to $66.40. Canadian Pacific Railway Ltd. rose $1.12 or. 6 percent, to $183.82. Kansas City Southern rose$. 90 or. 9 percent, to $102.98.
Coca-Cola Co. rose$. 13 or. 3 percent, to $40.68. Dr Pepper Snapple rose$. 02 or percent, to $78.50. Molson Coors Brewing Co. rose$. 06 or. 1 percent, to $74.51.
Barrick Gold Corp. rose $1.05 or 9.6 percent, to $12.01. Gold Fields Ltd ADS rose$. 24 or 6.0 percent, to $4.25. Newmont Mining Corp. rose $1.01 or 4.7 percent, to $22.72.
Becton, Dickinson& Co. fell $1.64 or 1.1 percent, to $141.95. PerkinElmer fell$. 54 or 1.1 percent, to $50.60. Thermo Fisher Scientific Inc. fell $2.34 or 1.7 percent, to $132.00.