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Business, Economy

“Amazon hikes pay in the UK, plans to hire 15,000 seasonal workers ahead of the holidays”

“Amazon is planning to hike pay for its operations workers in the U.K. and add 15,000 new staff ahead of the holidays, as the e-commerce giant prepares itself for a wave of demand ahead of Christmas. The company said Monday that it would… Continue Reading…

Economy

“If you resold a Taylor Swift ticket for a profit, prepare to pay taxes…”

“Taylor Swift fans forked out an average $2,183 for a resold ticket to a concert on the superstar’s The Eras Tour, according to resale research site TicketIQ. Now, ticket resellers may owe taxes on profits made during what may turn to be —… Continue Reading…

Business

“Kroger will pay up to $1.2 billion to settle most nationwide opioid claims”

“Kroger on Friday said it has agreed to pay $1.2 billion to U.S. states, local governments and Native American tribes to settle the majority of claims that it fueled the opioid epidemic through lax oversight of its pill sales.  The settlement would allow for “full resolution” of… Continue Reading…

Business, Real Estate

“Microsoft pays $57 million for 183 acres in western Licking County”

“The Microsoft Corporation’s purchase of 183 acres in western Licking County, reported by The Advocate on Friday, was officially recorded Tuesday, according to the Licking County Auditor’s Office. Microsoft paid $56.9 million, or $310,000 per acre, for the city of New Albany… Continue Reading…

Banking, Economy

“ECB’s €500 Billion Payoff Puts Italian Banks in the Firing Line”

“The European Central Bank is about to test the resilience of the continent’s banking industry by making lenders repay about half a trillion euros in cheap pandemic-era loans — in one go… As €476.8 billion of TLTRO loans come due… Continue Reading…

Business

“Chipotle, Papa John’s link ESG goals to bonus compensation, and pay practice is moving below the C-suite level”

“…Nearly half of the Russell 1000 (43%) discloses that it uses ESG-related key performance indicators in executive compensation metrics, according to data from Just Capital, a nonprofit that measures corporate stakeholder performance. That percentage of Russell 1000 companies linking ESG… Continue Reading…

Banking, Economy

“Big US banks to pay billions to replenish failure fund”

“Large U.S. lenders will bear most of the cost of replenishing a deposit insurance fund that was drained of $16 billion by the collapse of Silicon Valley Bank and two other lenders, although mid-sized banks will also be on the… Continue Reading…

Business

“Bed Bath & Beyond again warns of bankruptcy if new stock offering doesn’t pay off”

“Bed Bath & Beyond is warning of a bankruptcy filing — again — if a proposed $300 million stock offering doesn’t pay off. The beleaguered retailer said in a securities filing Thursday that its lenders downsized its loan. If it… Continue Reading…

Business

“Chipotle to pay ex-employees $240,000 after closing Maine location that tried to unionize'”

“…Employees at the Chipotle restaurant filed a petition to unionize under Chipotle United in late June, becoming the chain’s first outlet to do so. Prior to the filing, workers had already walked out in protest of working conditions and understaffing.… Continue Reading…

Economy, Personal Finance

“Amid persistent inflation, 54% of Americans are using savings to pay for everyday expenses”

“…Prices continued their upward momentum in January, rising 0.5% for the month and 6.4% over the past 12 months, according to the latest consumer price index data released by the U.S. Bureau of Labor Statistics. To make ends meet, 27% of Americans said… Continue Reading…