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SEC grants stockholders say on executive pay
Vittorio Hernandez – AHN News Washington, DC, United States (AHN) – More teeth have been added to the ongoing global efforts to curb excessive executive compensation and bonuses. Amid plans by European Union regulators to curb bankers’ bonuses, the U.S. Securities and Exchange Commission approved Tuesday new rules that grant stockholders a say on company [...]
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Wall Street bonuses take a dip, yet reflect financial pay-for-performance thriving
Ayinde O. Chase – AHN News Editor New York, NY, United States (AHN) – Wall Street bonuses can be a point of contention among not only the haves but the have-nots. Bonus levels for many dropped and only half report satisfaction with their amounts. While many Americans consider bonuses a rare luxury and struggle to [...]
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U.S. Postal Service mulls closure of 2,000 offices
Windsor Genova – AHN News News Writer Pembroke Pines, FL, United States (AHN) – The United States Postal Service is set to reduce the number of its offices by 2,000 this year as the agency can no longer afford to operate them. USPS spokeswoman Debbie Fetterly on Monday cited falling revenues as the reason for [...]
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Jordanian authorities struggle to contain an angry public
The Media Line Staff Amman, Jordan (TML) – Jordanian authorities have put security forces and police on red alert during the past two weeks as concern that Tunisia’s unemployment revolt which toppled President Zine El Abidine Ben Ali could ignite an already angry Jordanian public. The army, gendarmerie and other police units have been banned [...]
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Obama taps GE CEO to head new panel on jobs
Tejinder Singh – AHN News Correspondent Washington, DC, United States (AHN) – President Barack Obama on Friday was heading to Schenectady, NY, to visit General Electric’s downtown plant where he was expected to announce the appointment of Jeffrey Immelt, the CEO and chairman of GE, as chair of the new President’s Council on Jobs and [...]
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Initial jobless claims fall to 404,000
Linda Young – AHN News Writer Washington, DC, United States (AHN) – First time jobless claims fell by a modest 37,000 to 404,000 for the week ending Jan. 15, according figures released Thursday by the U.S. Department of Labor. That drop in initial claims for unemployment compensation payments was slightly better than analysts expected and [...]
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Survey: 3 in 4 workers go to workplace ill
Ayinde O. Chase – AHN News Editor Chicago, IL, United States (AHN) – A new CareerBuilder survey finds that nearly three-quarters of workers–72 percent–typically go to work when they are sick. Workplace pressures and fears of not being present could be the main culprit in causing sick employees to show up to work. More than [...]
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EU appeals to banks to show restraint on pay
Vittorio Hernandez – AHN News Brussels, Belgium (AHN) – The European Union’s bank oversight official appealed Tuesday for banks to show restraint on pay and empathize with the rest of the global community, which is tightening its belt. Commissioner Michel Barnier said at the close of the two-day EU finance ministers’ meeting that many people [...]
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Hard Rock employees launch class action lawsuit for minimum wage
Ayinde O. Chase – AHN News Editor Orlando, FL, United States (AHN) – Two Hard Rock employees who worked in the Hard Rock Cafe at Universal Studios in Orlando have filed a class action lawsuit for the company’s alleged failure to pay minimum wages that were required under Florida law. The Orlando Hard Rock Cafe [...]
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Report: Highly educated immigrants in the U.S. earn more than those in Canada
Vittorio Hernandez – AHN News Ottawa, Ontario, Canada (AHN) – Research by Statistics Canada found that university-educated immigrants in the U.S. earn more than their counterparts in Canada. New and university degree holder Canadian immigrants earned 50 percent less than native-born Canadians, while the pay gap between U.S. born worker and the educated migrant was [...]