undergroundnewsroom.com
undergroundnewsroom.com January 20, 2018


Walmart boost minimum wage to $11, plans bonuses after United States tax cuts

12 January 2018, 03:27 | Gordon Grant

Wal-Mart Stores' (WMT) “Market Perform” Rating Reiterated at Wells Fargo & Company

Is It Time to go for Synchrony Financial (SYF), Wal-Mart Stores, Inc. (WMT)?

With the labor market tight, it's crucial for Walmart to stay competitive on this measure.

Glenmede Trust Company Na increased Wal Mart Stores Inc (WMT) stake by 10.01% reported in 2017Q3 SEC filing. Paying workers more will help ensure those stores are pleasant shopping environments - a necessity for Walmart if it is to keep growing its sales. With Wal-Mart's moves, companies are crediting the tax cuts for providing additional pay to more than 2 million workers.

McMillon also announced a new policy aimed at helping salaried and full-time associates with the financial costs of adopting a child. Over a month, it has seen its stock price volatility to stay at 5.29% while shortening the period to a week, volatility was 4.25%. This is the third minimum wage increase the company has implemented since 2015. "And Walmart's numbers [are] already above the minimum wage". But right now, she has just three. Wal-Mart Stores has a one year low of $62.35 and a one year high of $75.19. Rose would like to pay more, but she'd have to raise her prices and fears that would turn away customers. "This is nothing but another public relations stunt from Walmart to distract from the reality that they are laying off thousands of workers and the ones who remain will continue to receive low wages".

The wage increase will cost Walmart $300 million for its fiscal year that starts February 1. Pretax income for the company's 2017 fiscal year ended last January was $22.76 billion.

The Walmart minimum wage for hourly employees is going up to $11.

Don't Pass Surveillance Legislation in the Dark
Section 702 is due to expire next week, though intelligence officials say it could continue until April. We need to make sure somebody is watching and there are checks and balances".

H&M faces backlash over 'monkey in the jungle' hoodie
Fashion designer Alex Medina , actress Niecy Nash and Karamo Brown of "Queer Eye for Straight Guy" cast were also critical of H&M. For its part, H&M released a statement apologizing and agreeing with those who were "upset about the image".

Amazon Bringing Alexa to Windows 10 PCs
Google Assistant , meanwhile, has expanded from Android devices to Google Home speakers and third-party devices, as well. The advent of Alexa for Business combined with these integrations could help to set Alexa up as a key business tool.

It is unclear if Walmart's new offerings are entirely linked to the tax cut, as the company has a history of low wages and benefits, along with a past wage increase that sparked layoffs and employee restrictions.

"Today, we are building on investments we've been making in associates, in their wages and skills development", Walmart president and CEO Doug McMillon said in a news release.

Walmart's announcement follows companies like AT&T, Wells Fargo and Boeing, which have all promised more pay for workers after the Republican-controlled US Congress passed a tax bill last month that cut the corporate tax rate to 21% from 35%. Costco Wholesale Corp. and other retail chains like TJX Cos. have also raised wages in recent years. It has done well and strengthened its hand in online retail as many other retailers have struggled.

Hourly employees at its websites, distribution centers and its Bentonville, Arkansas, headquarters, will benefit from the wage increase. The company will also offer bonuses to employees, including bonuses of up to $1,000 for employees who have worked at the company for 20 years. The payout will cost Walmart a total of $400 million dollars. In addition, Walmart is giving full-time hourly workers 10 weeks of paid maternity leave and six weeks of parental leave. Salaried associates will also receive six weeks of paid parental leave.



Other News

Trending Now

Protests erupt over rape and murder of 7-year-old girl
Meanwhile, the Punjab government announced 10 million Pakistani rupees reward for providing information of the killers. Nobel Peace prize victor Malala Yousafzai, condemned the murder of Zainab, saying "such brutal incidents have to stop".

Baker: Massachusetts unlikely to impose Medicaid work requirement
This would exclude individuals eligible for Medicaid due to a disability, elderly beneficiaries, children , and pregnant women . Brian Neale, director of the federal Medicaid office, believes the new program will be greatly helpful for those involved.

Astros acquire Gerrit Cole from Pirates, trade complete?
Shortly after, FOX Sports reporter Ken Rosenthal, who previously said a deal was "close", appeared to walk back his claim. The Yankees' rotation now includes Luis Severino, Masahiro Tanaka, Sonny Gray and CC Sabathia .

This is how quickly cigarettes can hook you
According to the scientists, this study highlights how important is to prevent people from smoking the very first cigarette . Among them, almost 68.9% reported that they had progressed to smoking daily.

Democratic activist pledges $30 million to mobilize voters
His campaign will go after notable Republicans such as House Speaker Paul Ryan , R-Wis., and Rep. The Washington Post first reported on Steyer's plans .

Restoration of net neutrality rules hits key milestone in Senate
But fear not-there are a number of other ways people are fighting the end of net neutrality, from lawsuits to local legislation . Before this, a lot of the same big tech companies were fairly passive and inactive during the initial protests of the repeal.

COOL VIDEO! Alligators poke their noses through ice to survive the cold
So, the alligators are frozen in place with their snouts poking out of the ice to be able to continue to breathe. They'll stick their nose above the surface at just the right moment and allow the water to freeze around it.

Effort to kill spider with torch causes apartment fire
They say they were trying to burn the spider with a propane torch when they accidentally ignited the corner of a box spring. The residents attempted to put out the flames with a garden hose, but that didn't work so they called in the professionals.

The Dark Souls Trilogy Box Set Looks Gorgeous
Playing the game on PlayStation 4 Pro and Xbox One X will allow players to enjoy the game at upscaled 4K resolution . The trailer that coupled the announcement was simple enough, showing only a slow zoom-in on an extinguished fire.

Thomas Lemar and Leon Bailey
That development will be welcomed by Arsenal if Arsene Wenger does decide to push forward with a move for Lemar. Monaco sounds resigned to selling Thomas Lemar , according to their Coach's latest statements.