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Employee Benefits

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  • YOUR MONEY-The silent struggle of seniors with debt Thursday, 26 Feb 2015 | 11:06 AM ET

    NEW YORK, Feb 26- When Wanda Simpson reached retirement a couple of years ago, the Cleveland mom had an unwelcome companion: Around $25,000 in debt. New data reveal that Wanda Simpson has company- and plenty of it. Among families headed by those 55 or older, 65.4 percent are still carrying debt loads, according to the Washington, D.C.- based Employee Benefit Research...

  • Feb 23- A New Jersey court on Monday struck down Governor Chris Christie's plan to cut contributions to its public pension system, ruling in favor of teachers, firefighters and police who sued the governor and state. Christie, an expected 2016 Republican Presidential contender, proposed the cuts last May to try to plug a $2.7 billion state revenue shortfall...

  • Largest oil refinery strike expands   Monday, 23 Feb 2015 | 1:04 PM ET
    Largest oil refinery strike expands

    CNBC's Morgan Brennan reports the biggest oil worker strike since 1980 has expanded to four more Shell facilities.

  • Wal-Mart ignites minimum wage debate   Friday, 20 Feb 2015 | 8:06 AM ET
    Wal-Mart ignites minimum wage debate

    Discussing Wal-Mart's decision to boost wages, with Dan Senor, Foreign Policy Initiative co-founder, and Steve Rattner, Willett Advisors chairman.

  • Japan wages: Manufacturing consent Thursday, 19 Feb 2015 | 10:04 PM ET

    Shunto, the "spring offensive" by Japan's trade unions, is making a comeback on behalf of Japanese workers asking for a pay raise, the FT reports.

  • Blodget: Let's salute Wal-Mart   Thursday, 19 Feb 2015 | 11:32 AM ET
    Blodget: Let's salute Wal-Mart

    Business Insider CEO Henry Blodget, provides perspective on Wal-Mart's decision to raise its minimum starting wage.

  • Feb 19- Wal-Mart Stores Inc, long criticized for its low wages and employee benefits, said it would spend more than $1 billion to increase pay for half a million U.S. employees this year. Wal-Mart said on Thursday its hourly full-time and part-time workers will earn at least $9.00 an hour, or $1.75 above the current federal minimum wage, starting in April.

  • Feb 19- Wal-Mart Stores Inc, long criticized for its low hourly pay and employee benefits, said it would increase wages for half a million U.S. employees this year. Wal-Mart's hourly full-time and part-time workers will earn at least $1.75 above the current federal minimum wage, or $9.00 per hour, starting in April, the largest private sector employee in the United...

  • Feb 13- The United Steelworkers union said no new strike notices were issued on Friday as the largest U.S. refinery strike since 1980 reached its 13th day. The last round of strike notices were issued a week ago on Friday, Feb. 6, when the union told BP Plc that workers would walk off their jobs the following day at refineries the company operates in Indiana and Ohio.

  • HOUSTON, Feb 11- A Royal Dutch Shell spokeswoman said on Wednesday that talks with the United Steelworkers union were not broken off on the 11th day of a refinery workers strike, contrary to a media report in the morning. A USW spokeswoman said the union was ready to continue talks with Shell Oil Co, the lead negotiator for U.S. refinery owners. "We're open for...

  • Insurers are benefiting from increased number of patients, aided by an expansion of Medicaid, a federal health insurance program for lower-income people that is administered by the states, under Obamacare. WellCare members under the Medicaid health plans increased 31 percent to 2.3 million in the fourth quarter ended Dec. 31, helped by additions in Florida,...

  • US nonfarms: Does this mean a Fed rate hike?   Friday, 6 Feb 2015 | 11:10 AM ET
    US nonfarms: Does this mean a Fed rate hike?

    The latest set of U.S. nonfarm payroll data is out. CNBC's Rick Santelli reports.

  • US nonfarms put the Fed in 'a tight box'   Friday, 6 Feb 2015 | 5:40 AM ET
    US nonfarms put the Fed in 'a tight box'

    Peter Boockvar, chief market analyst at Lindsey Group, says he expects a good nonfarms number, but says it could put the U.S. Federal Reserve in "a tight box."

  • Paychex CEO: Positive small biz turnaround   Tuesday, 3 Feb 2015 | 8:32 AM ET
    Paychex CEO: Positive small biz turnaround

    Martin Mucci, Paychex CEO & president, shares insight on Paychex's small business hotzones.

  • Uber probed by U.S. judge on driver benefits Friday, 30 Jan 2015 | 7:19 PM ET

    SAN FRANCISCO, Jan 30- A U.S. judge appeared skeptical on Friday about Uber's bid for a quick pretrial ruling that its drivers are contractors and not employees, a critical question facing Silicon Valley's sharing economy. App-based ride service Uber, and smaller rival Lyft, face separate lawsuits seeking class action status in San Francisco federal court,...

  • SAN FRANCISCO, Jan 29- A U.S. judge on Thursday said it was "very difficult" to decide whether drivers for smartphone-enabled car service Lyft are employees or independent contractors, but that California law appears to favor the drivers. Lyft and larger rival Uber face separate lawsuits seeking class action status in San Francisco federal court, brought on...

  • Tim Hortons to cut jobs after takeover by Burger King Tuesday, 27 Jan 2015 | 5:07 PM ET

    TORONTO, Jan 27- Canadian coffee and doughnut chain Tim Hortons confirmed on Tuesday it will cut jobs as it reorganizes after being acquired by U.S. fast food chain Burger King for C $12.64 billion last year. The Financial Post reported last week that a "significant" number of the roughly 1,400 employees at its head office in Oakville, Ontario, and in regional...

  • WASHINGTON, Jan 26- The U.S. Supreme Court on Monday sided with a company that amended a collective bargaining agreement to force retirees to pay toward healthcare costs, throwing out a lower-court ruling that favored the former employees who objected to the change. On a unanimous vote, the nine-member court handed a win to M&G Polymers USA, a subsidiary of Italy-...

  • WASHINGTON, Jan 26- The U.S. Supreme Court on Monday sided with a company that amended a collective bargaining agreement to force retirees to pay toward healthcare costs, throwing out a lower-court ruling that favored the former employees who objected to the change. On a unanimous vote, the nine-member court handed a win to M&G Polymers USA, a subsidiary of Italy-...

  • Why unemployment is still an issue   Thursday, 22 Jan 2015 | 10:45 AM ET
    Why unemployment is still an issue

    At Davos, Guy Ryder, secretary general at ILO, talks about why unemployment is still a problem seven years after the global financial crisis.