(Reuters) -Mercedes-Benz CEO Ola Kallenius almost doubled his remuneration last year thanks to high bonus payouts, a company report published on Friday showed. Including pension costs, the CEO took ho[...]
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March 15, 2024
Goldman bumps up 2023 pay for top three executives
NEW YORK (Reuters) -The pay of Goldman Sachs’ top three executives jumped by an average of nearly 24% in 2023, the Wall Street investment banking company disclosed in a filing on Friday, even as[...]
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Uber, Lyft to stop operations in Minneapolis over minimum wage law
(Reuters) – Uber Technologies and Lyft said on Friday they will stop operations in Minneapolis starting May 1 after the city’s council paved the path for rideshare drivers to be paid a min[...]
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Some McDonald’s outlets back online after tech outage in several countries
TOKYO (Reuters) -Some McDonald’s stores were back online after a global technology outage on Friday disrupted operations for a few hours at many of the restaurant chain’s outlets in market[...]
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Japan union group announces biggest wage hikes in 33 years, presaging shift at central bank
By Tetsushi Kajimoto TOKYO (Reuters -Japan’s biggest companies agreed to raise wages by 5.28% for 2024, the heftiest pay hikes in 33 years, the country’s largest union group said on Friday[...]
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Former Apple exec to head sports venture formed by Disney, Fox, Warner Bros Discovery
(Reuters) – Former Apple executive Pete Distad will be the CEO of the sports streaming joint venture formed by Walt Disney, Warner Bros Discovery and Fox Corp, the media companies said on Friday[...]
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US factory production rebounds from weather-induced slump
By Lucia Mutikani WASHINGTON (Reuters) -Production at U.S. factories increased more than expected in February amid a rise in temperatures, but data for the prior month was revised sharply down as manu[...]
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Apple reaches $490 million settlement over CEO Cook’s China sales comments
By Jonathan Stempel (Reuters) -Apple agreed to pay $490 million to settle a class-action lawsuit that alleged Chief Executive Tim Cook defrauded shareholders by concealing falling demand for iPhones i[...]
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Swisscom buys Vodafone Italia for $8.7 billion as telcos consolidate
By John Revill and Paul Sandle ZURICH/LONDON (Reuters) -Swisscom said on Friday it would buy Vodafone Italia for 8 billion euros ($8.7 billion) and merge the business with its Italian subsidiary Fastw[...]
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