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Employee Benefits

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  • 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.

  • Steve Wynn takes a pay cut   Tuesday, 20 Jan 2015 | 5:51 PM ET
    Steve Wynn takes a pay cut

    Wynn Resorts says it will extend Steve Wynn's contract another two years, and will cut his base pay, reports CNBC's Jane Wells.

  • Retirement: A financial hangover?   Monday, 19 Jan 2015 | 4:50 AM ET
    Retirement: A financial hangover?

    Some 40 percent of people are either not saving or severely reducing the amount they are saving for retirement, says Michael Schweitzer, head of sales and distribution for group wealth management at HSBC, who believes it is, "never too late to start saving."

  • Retirement: A financial hangover?   Monday, 19 Jan 2015 | 4:50 AM ET
    Retirement: A financial hangover?

    Some 40 percent of people are either not saving or severely reducing the amount they are saving for retirement, says Michael Schweitzer, head of sales and distribution for group wealth management at HSBC, who believes it is, "never too late to start saving."

  • WASHINGTON, Jan 16- Bangladesh must do more to support workers' rights and fight unfair labor practices before officials consider restoring U.S. trade benefits, the U.S. The United States revoked trade benefits for Bangladesh in mid-2013 after a garment factory collapse and a factory fire killed more than 1,200 people. Trade Representative Michael Froman...

  • US jobs: No sign of slowing   Friday, 16 Jan 2015 | 5:30 AM ET
    US jobs: No sign of slowing

    After last week's U.S. nonfarm payrolls data, Jim O'Sullivan, chief U.S. economist at High Frequency Economics, discusses how significant the wage decline in America is.

  • WASHINGTON, Jan 15- U.S. pension regulators questioned Thursday whether criminal violations in one unit of Credit Suisse Group AG reflect broader compliance problems at the Swiss bank, in an unusual public hearing to vet its request to continue managing retirement plans. At issue is whether Credit Suisse should be granted permission to continue managing...