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A tale of 2 employment surveys, at a glance

The Canadian PressMay 3, 2013 19:15
The U.S. economy added a solid 165,000 jobs in April, and the unemployment rate fell to 7.5 per cent from 7.6 per cent. The government does one survey to learn how many jobs were created and another survey to determine the unemployment rate. Those surveys can sometimes produce different results, although in April they pointed in the same direction.

With profits rising, Delta Air Lines boosted 2012 compensation for CEO Anderson by 42 per cent

The Canadian PressApril 30, 2013 13:30
ATLANTA - The CEO of Delta Air Lines saw his compensation jump 42 per cent last year as the airline boosted his long-term incentive pay and the airline made more money than its peers. Richard Anderson's compensation rose to almost $12.6 million, up from $8.9 million in 2011, according to an Associated Press calculation based on an SEC filing Tuesday. His pay is divided between cash and stock and options that will only have value if Delta's stock price rises.

Colombia's Sura, Scotiabank buy BBVA Peru fund for $516 million

April 23, 2013 19:30
By Omar Mariluz and Nelson Bocanegra LIMA/BOGOTA (Reuters) - Colombian financial group Sura <SIS.CN> and Bank of Nova Scotia <BNS.TO> said on Tuesday they bought the Peruvian pension fund BBVA Horizonte for a total of $516 million (338.63 million pounds). Each company paid around $258 million for a 50-percent stake in Horizonte, the companies said. Horizonte has about $9 billion in assets under management.

Low-birth Greece takes a further hit from crisis

Agence France-PresseApril 20, 2013 23:15
In a nursery of a private maternity hospital in Athens, three mothers feed their newborns while another three babies nap nearby. The room has only a few cots, and yet a number lie empty. Sunk in recession for the past six years and struggling to steer its economy through painful austerity cuts, Greece now faces a fertility crisis as well. "Benefits have been cut, the cost of living has risen, wages are down and there is great uncertainty," says Leonidas Papadopoulos, managing director of the Leto hospital and a veteran obstetrician.

Puerto Rico's top cop denies reports of sickout

Agencia EFEApril 18, 2013 18:15
San Juan, Apr 18 (EFE).- Puerto Rico's police chief on Thursday denied media reports that a substantial number of officers are taking part in a sickout strike. "There are enough ... police on the streets," Hector Pesquera told WKAQ radio. Pesquera's remarks came after the daily Primera Hora on Thursday denounced the massive absence of police officers in some areas of the island due to discontent within the department over the delay in pay for hours worked, the lack of pay for sick days and an overhaul of public employee pensions.

French PM prods firms over slow takeup of tax credits

April 18, 2013 12:46
By Leigh Thomas PARIS (Reuters) - The French government conceded on Thursday that businesses have been slow to tap a tax scheme billed as helping them compete for orders, create jobs and revive the stalled economy. Socialist President Francois Hollande has promised to reverse the country's steady loss of business to foreign competitors by bringing down labour costs, which have grown faster than the euro zone average over the last decade.

Telecom Italia executive pay package approved with two thirds majority

April 17, 2013 12:15
ROZZANO, Italy (Reuters) - Telecom Italia shareholders approved the executive pay package plan with a majority of 67.9 percent on Wednesday, Chairman Franco Bernabe said. Several proxy advisory firms, including the influential ISS, had recommended a vote against the remuneration plan, citing high severance packages. Bernabe said 31.9 percent of the shareholders' annual assembly had voted against the pay plan, which was approved by the board.

Red Cross membership has accidental, hospitalization benefits

April 15, 2013 15:02
“With a very minimal amount as low as P50 to P350 voluntary membership annually in Philippine Red Cross, a person did not only extend help and support but gain accidental and hospitalization benefits.” Philippine Red Cross QC Chapter assistant administrator Joel Fuentes siad this in an interview with the Philippines News Agency.

Government approves 1.9 percent rise in minimum wage

April 15, 2013 08:30
LONDON (Reuters) - The government approved a 1.9 percent rise in the minimum wage on Monday, giving the country's lowest-paid employees a bigger increase than most other workers but one that is still less than inflation. The minimum wage for workers aged 21 and older will rise to 6.31 pounds an hour on October 1, up from 6.19 pounds and in line with recommendations from an independent panel of experts, the Department for Business, Innovation and Skills said.

Ombudsman for pension rate increase

April 12, 2013 10:53
Ombudsman Punjab Javed Mahmood on Thursday directed Finance Department to review and obtain Chief Minister’s approval to increase the meagre amount of Rs3000 per month minimum pension in order to fulfil the promise made to the elderly and hapless retired government employees according to the constitution.Ombudsman Punjab Javed Mahmood issued these orders on the complaint of a retired chowkidar of Sardar Town Sher Shah Colony Lahore, Muhammad Shafi who had not been receiving the minimum pension of three thousand rupees per month from Accountant General Punjab.Ombudsman Punjab
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