Aryzta faces class action lawsuit in US over work practices at bakery

Cuisine de France owner Aryzta is facing a lawsuit in Chicago against the company and a third-party personnel provider in relation to alleged work practices at Aryzta’s former facilities in the city. The lawsuit, that aims to initiate a class action, claims that the two companies failed to pay minimum wage and overtime entitlements and breached other labour laws when […]

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Citigroup CEO gets $24 million as compensation in 2018

(Reuters) – Citigroup Inc said on Friday its Chief Executive Michael Corbat will get a 4.35 percent raise, bringing his total compensation for 2018 to $24 million. Corbat’s total compensation included a base salary of $1.5 million plus cash bonuses of about $6.75 million, equity awards of nearly $7.88 million, and a long-term performance based pay worth $7.88 million. Members […]

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Amazon invites Ocasio-Cortez for tour, calls worker claims untrue

WASHINGTON (Reuters) – A senior Amazon.com Inc executive on Friday disputed claims raised by Representative Alexandria Ocasio-Cortez that Amazon workers face “dehumanizing conditions” as being untrue and invited her to take a tour of company facilities. Ocasio-Cortez, a newly elected progressive Democrat who was an outspoken critic of the plans to locate Amazon’s second headquarters in a New York City […]

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Why TriNet Group Stock Soared 23% Today

What happened Shares of Dublin, Calif.-based human resources facilitator TriNet Group (NYSE: TNET) closed 23.1% higher on Friday after the company reported its fourth-quarter 2018 earnings results the previous evening. Continue Reading Below TriNet earned $0.40 per share on sales of $917 million in the quarter, with "net service revenues" of $225 million. It seems this was the number Wall […]

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Are banks guilty of faking signatures on British court papers?

Have some banks, or their legal representatives, been faking signatures on UK court documents used to repossess people’s homes and to recover other debts? It’s a serious charge, but a new campaign group claims there has been “alleged industrial-scale forgery” of signatures. And the Bank Signature Forgery Campaign has some powerful supporters in high places. The all-party parliamentary group (APPG) […]

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8 Metrics Behind Shopify's Soaring Stock Price

On Tuesday, e-commerce platform Shopify (NYSE: SHOP) closed the books on a big year. Merchant and subscription solutions revenue on its platform soared as sellers flocked to Shopify. This led to a nice jump in revenue and gross profit during the year. Unsurprisingly, the stock rose sharply, too: Shares gained nearly 30% over the past 12 months, handily outperforming the […]

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Dave Smith Dies: Walt Disney Archives Founder Was 78

Walt Disney Archives founder and Disney Legend Dave Smith died today in Burbank, California at age 78. His four-decade career at The Walt Disney Company was dedicated to preserving Disney’s treasures from film, television, theme parks, and beyond. Named a Disney Legend in 2007, Smith shared his wide knowledge of the company’s rich history in books and through his popular […]

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Trump wants to declare an emergency to build his border wall — it won’t be that simple

WASHINGTON  — The White House says President Donald Trump will declare a national emergency and take other executive action to allow construction of the president’s long-promised southern border wall, after bipartisan congressional negotiations provided less than a quarter of the $5.7 billion Trump wanted to start building more than 200 miles of wall. There is less than $1.4 billion in […]

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