Unemployment Claims Fall
The number of initial applications for unemployment benefits filed by American workers fell for the first time in over a month; however, the overall level is still higher than past months. In the week ending June More...
CEO’s Pay Based on Financial Results
There is no secret formula for success, as an increasing number of chief executives are finding out. Companies are increasingly paying their CEO’s based on their companies’ financial results and share prices, More...
Hewlett-Packard Plans to Cut Workforce by up to 30,000
Hewlett-Packard Co. plans to cut its workforce by 25,000 to 30,000, — about 8 percent of the company’s total head count, reported the Wall Street Journal Thursday, citing people familiar with the matter. H-P, More...
Zynga’s Chief Executive to Cash Out 16% of Stock
Zynga Inc. CEO Mark Pincus will cash out about 15.5 percent of his holdings as part of a larger secondary offering from insiders, reported the Wall Street Journal Friday. According to a filing with the Securities More...
Employers Must Post ‘Employee Rights Notice Posting’ According to Court Ruling
The federal U.S. district court for the District of Columbia upheld a National Labor Relations Board rule that requires employers to post notices [employee rights notice posting] informing workers of their right More...
Dispute over Performance Review Resulted in Long Beach Shooting
The shooting that occurred at the federal building in Long Beach, Calif., that left one immigration agent dead and another wounded, resulted from a dispute over a performance review reported law-enforcement officials More...
Chipotle CEO Urges Overhaul of Immigration
Chipotle Mexican Grill Inc., the fastest growing chain, in a category of dining, now called “fast-casual,” continues to expand and is always looking for new people to join their team. However, the company has More...
FDIC’s $900 Million Suit Against MaMu Execs Reach Settlement
Three former executives of Washington Mutual Inc. have agreed to settle a lawsuit that resulted in one of the biggest U.S. bank failures. The settlement amounts to less than 10% of the $900 million that was sought More...
Employee Pension Benefits at Risk after AMR’s Chapter 11 Filing
After Tuesdays announcement of AMR Corporation, the parent company of American Airlines Inc. filing Chapter 11 bankruptcy, there are reports that now employee pensions and benefits could be at risk. According to More...
Fukushima Daiichi Nuclear Plant Manager Steps Down Due to Illness
The Manager of Fukushima Daiichi nuclear plant will resign from his post after serving as on-site crisis manager over the past eight months, due to undisclosed health problems. Plant Operator Tokyo Electric Power More...
