Latest Wages and salaries News

In this Tuesday, Jan. 14, 2020, photo, miners, who say they haven't been paid in nearly three weeks, set up a tent at the site where they block a coal train in the Kimper area of Pike County, Ky. A group of Kentucky coal miners who blocked a railroad track for three days over unpaid wages have ended their protest, claiming victory with their paychecks.  (Ryan C. Hermens/Lexington Herald-Leader via AP)

Kentucky coal miners end protest with paychecks

Jan. 16, 2020 6:34 PM EST

PIKEVILLE, Ky. (AP) — A group of Kentucky coal miners who blocked a railroad track for three days over unpaid wages have ended their protest, claiming victory with their paychecks. Miners and their families began standing on the tracks leading from Quest Energy in Pike County on Monday, preventing a train...

Deputy Prime Minister of Canada Chrystia Freeland, left, Mexico's top trade negotiator Jesus Seade, center, and U.S. Trade Representative Robert Lighthizer, sign an update to the North American Free Trade Agreement, at the national palace in Mexico City, Tuesday, Dec. 10. 2019. Observing from behind are Mexico's Treasury Secretary Arturo Herrera, left, Mexico's President Andres Manuel Lopez Obrador, second left, Mexico's Labor Secretary Maria Alcade, third left, and The President of the Mexican Senate Ricardo Monreal. (AP Photo/Marco Ugarte)

Senate passes US-Canada-Mexico trade deal, a Trump priority

Jan. 16, 2020 4:08 PM EST

WASHINGTON (AP) — The Senate overwhelmingly approved a new North American trade agreement Thursday that rewrites the rules of trade with Canada and Mexico and gives President Donald Trump a major policy win before senators turn their full attention to his impeachment trial. The vote was 89-10. The measure...

Abigail Disney, granddaughter of Walt Disney Co. co-founder Roy Disney, speaks with reporters at the Capitol in Sacramento, Calif., Wednesday, Jan. 15, 2020. Disney testified before state lawmakers in support of a bill that would raise taxes on some of the country's largest corporations. The size of the tax increase would depend on the gap between what a company pays its CEO versus the average salary for employees. The larger the gap, the higher the tax increase. (AP Photo/Adam Beam)

California targets companies with highly paid execs

Jan. 15, 2020 8:34 PM EST

SACRAMENTO, Calif. (AP) — California is considering raising taxes on some of the country's largest companies, but the size of the tax increase would depend on how much its highest-paid executive makes compared to its employees. The bigger the gap, the bigger the tax increase. The bill by Democratic state...

FILE - In this Sept. 25, 2019, file photo David Solomon, Chairman and CEO of Goldman Sachs, speaks at the Bloomberg Global Business Forum in New York. Goldman Sachs reports financial results Wednesday, Jan. 15, 2020. (AP Photo/Mark Lennihan, File)

Goldman Sachs profit falls 24% as legal expenses mar results

Jan. 15, 2020 8:53 AM EST

NEW YORK (AP) — Goldman Sachs said its fourth-quarter profits dropped by 24% from a year earlier, as the bank had to set aside money to cover its looming settlement with U.S. authorities over its role in a Malaysian sovereign wealth fund scandal. The investment bank said Wednesday that it earned a profit...

FILE - In this Sept. 29, 2019, file photo, WNBA Commissioner Cathy Engelbert speaks at a news conference in Washington.  The WNBA and its union announced a tentative eight-year labor deal Tuesday, Jan. 14, 2020,  that will allow top players to earn more than $500,000 while the average annual compensation for players will surpass six figures for the first time. I call it historic,

WNBA's 8-year labor deal to hike average salary to $130,000

Jan. 15, 2020 12:54 AM EST

NEW YORK (AP) — The WNBA and its union announced a tentative eight-year labor deal Tuesday that will allow top players to earn more than $500,000 while the average annual compensation will surpass six figures for the first time. The contract, which begins this season and runs through 2027, will pay players...

FILE - In this Jan. 26, 2011 file photo, Nielsen Company CEO David Calhoun, center, watches progress as he waits for the company's IPO to begin trading, on the floor of the New York Stock Exchange. Calhoun took over Monday, Jan. 13, 2020, as Boeing's third CEO in the last five years, following the firing last month of Dennis Muilenburg. (AP Photo/Richard Drew, File)

New Boeing CEO inherits crisis created under his predecessor

Jan. 13, 2020 7:57 PM EST

Changing CEOs was the easy part. Now it's up to Boeing's new leader to deal with a crisis caused by two crashes and the grounding of the company's best-selling plane. David Calhoun took over Monday as Boeing's third CEO in the last five years, following the firing last month of Dennis Muilenburg. Calhoun will...

FILE - In this May 30, 2019, file photo, the logo for Uber appears above a trading post on the floor of the New York Stock Exchange. Ride-hailing giant Uber, along with delivery company Postmates, sued California over a new law that aims to reclassify their drivers and delivery workers as employees instead of contractors. The law, which went into effect last week, could upend the business models of the companies that shaped the so-called “gig economy,

Delaware court refuses to revive Uber shareholder lawsuit

Jan. 13, 2020 3:45 PM EST

DOVER, Del. (AP) — Delaware's Supreme Court has upheld a judge's dismissal of a shareholder lawsuit against ride-hailing company Uber and its former CEO. The court on Monday affirmed the judge's April ruling that the suit must be dismissed because the shareholder had failed to demand that Uber's board of...

Democratic presidential candidate Sen. Elizabeth Warren, D-Mass., waves as she is introduced at a campaign stop in Dover, N.H., Friday, Jan. 10, 2020. (AP Photo/Charles Krupa)

Impeachment? Iran? Early state voters more swayed by basics

Jan. 13, 2020 12:43 PM EST

MANCHESTER, N.H. (AP) — President Donald Trump has an impeachment trial looming, and rising tensions with Iran have captured headlines. But standing in the back of a New Hampshire brewery with three varieties of IPA on tap, Janie Shaklee said the political basics are much more likely to decide her vote. ...

FILE - In this Sept. 17, 2019, file photo, Colorado Rockies shortstop Trevor Story throws to first base to put out New York Mets' Marcus Stroman during the sixth inning of a baseball game in Denver.  Story asked for $11.5 million and the Rockies offered him $10.75 million when players and teams exchanged proposed salaries in salary arbitration Friday, Jan. 10. Colorado catcher Tony Wolters also could be headed toward a hearing next month after requesting a raise from $960,000 to $2,475,000. The Rockies offered $1.9 million. (AP Photo/David Zalubowski, File)

Story, Rockies $750K apart; Gray gets $5.6 million

Jan. 11, 2020 1:13 AM EST

DENVER (AP) — All-Star shortstop Trevor Story asked for $11.5 million and the Colorado Rockies offered him $10.75 million when players and teams exchanged proposed salaries in salary arbitration Friday. Colorado catcher Tony Wolters also could be headed toward a hearing next month after requesting a raise...

FILE - In this Oct. 29, 2019, file photo Boeing Company President and Chief Executive Officer Dennis Muilenburg appears before a Senate Committee on Commerce, Science, and Transportation hearing on 'Aviation Safety and the Future of Boeing's 737 MAX' on Capitol Hill in Washington. Former Boeing CEO Dennis Muilenburg will get a nice going-away package — $62.2 million. Boeing said Friday, Jan. 10, 2020 that Muilenburg was contractually entitled to the payout but he won't get extra severance and will forfeit another $14.6 million in stock awards. Muilenburg was fired in late December after the company's poor response to two crashes and the grounding of its best-selling plane, the 737 Max.. (AP Photo/Andrew Harnik, File)

Former Boeing CEO gets $62.2 million but loses some benefits

Jan. 10, 2020 7:53 PM EST

The Boeing CEO who was ousted last month for the company’s botched response to two crashes and the grounding of its best-selling plane will walk away with $62.2 million, the company disclosed Friday. Boeing said, however, that Dennis Muilenburg will not get additional severance or a 2019 bonus, and will...