Walmart Halves Paid Leave for COVID-Positive Workers

Jan 5 (Reuters) - Walmart Inc workers in the United States who must isolate or who have tested positive for COVID-19 will receive one week of paid leave instead of two under a new policy that aligns with a change in U.S. health guidance. A memo, seen by Reuters, sent on Tuesday to U.S. hourly…

ByReutersJanuary 6, 2022

Business Economy

S&P, IHS to Offload Units Ahead of Merger to Meet Antitrust Conditions

Dec 27 (Reuters) - S&P Global and IHS Markit said on Monday they would sell a couple of businesses to satisfy antitrust requirements attached to the $44 billion merger of the financial information providers. S&P Global will sell securities data solutions provider CUSIP Global Services (CGS) to financial data services firm FactSet for $1.93 billion…

ByReutersDecember 27, 2021

Business

U.S. Financial Regulators Investigate Trump Social Media Deal

Dec 6 (Reuters) - Wall Street's top financial regulators are investigating former U.S. President Donald Trump's $1.25 billion deal to float his new social media venture on the stock market, a filing showed. Digital World Acquisition Corp, the blank-check acquisition firm that agreed to merge with Trump Media & Technology Group Corp (TMTG), disclosed in…

ByReutersDecember 8, 2021

Business International

A Tax Man Went After Guatemala’s Elites. Then They Hit Back.

GUATEMALA CITY, Dec 7 (Reuters) - When Juan Francisco Solorzano Foppa took over Guatemala's tax agency in 2016, he took on a previously untouchable set of targets: officials, families and companies suspected of bilking much-needed revenue from the government. The new tax chief purged more than 1,500 tax officers and arrested high-profile suspects, including elders…

ByReutersDecember 8, 2021

Business

Not a Dollar Anymore: Most Dollar Tree Products to Get Pricier

Nov 23 (Reuters) - Dollar Tree Inc will start selling most products for $1.25 at all its eponymous stores, in an effort to offset the impact of spiraling freight costs and other pandemic-driven challenges. The retailer said on Tuesday the new price point, which will be fully rolled out by the first quarter of 2022,…

ByReutersDecember 6, 2021

Business

Walmart Makes Strong Start to the Holidays as Shoppers Return to Stores

By Aishwarya Venugopal and Richa Naidu Nov 16 (Reuters) - Walmart Inc on Tuesday raised its annual sales and profit forecast in anticipation of a surge in demand for toys and apparel during the crucial holiday season, even as global supply chain disruptions hit its margins in the third quarter. Major retailers including Amazon.com have…

ByReutersNovember 18, 2021

Business

U.S. Electronics Firm Struck Deal To Transport And Hire Uyghur Workers

QINZHOU, China, Oct 7 (Reuters) U.S. remote-control maker Universal Electronics Inc told Reuters it struck a deal with authorities in Xinjiang to transport hundreds of Uyghur workers to its plant in the southern Chinese city of Qinzhou, the first confirmed instance of an American company participating in a transfer program described by some rights groups…

ByReutersOctober 11, 2021

Business

Biden To Tout Vaccine Mandates For Large Companies In Chicago Trip

U.S. President Joe Biden will visit Chicago on Thursday to meet with the United Airlines chief executive and local Democratic leaders, as he touts his decision to impose COVID-19 vaccine mandates on employees of large firms, the White House said. Biden last month ordered all federal workers and contractors to be vaccinated, with few exceptions,…

ByReutersJanuary 20, 2020

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