Tag Archives: A number to know

A number to know: Increasing wages

$20 The minimum hourly wage that Bank of America intends to pay its employees, with wage increases coming over the next two years. The bank plans to raise its minimum wage to $17 on May 1. READ MORE AT CNBC ...

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A number to know: Oprah’s investment loss

$58 million Oprah Winfrey lost nearly $58 million on paper from her investment in Weight Watchers International Wednesday morning as the company’s stock fell more than 36 percent. READ MORE AT USA TODAY >

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A number to know: Company valuation

$6 billion The market value that Xiaomi Corp. stock lost in a a three-day rout, as analysts have trimmed profit and sales forecasts for the company while China’s martphone market slows down. READ MORE AT BLOOMBERG >

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A number to know: Holiday travel

46 million The Transportation Security Administration recently estimated a record 46 million people will fly during the 2018-19 holiday season. READ MORE AT THE WASHINGTON POST >

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A number to know: Workforce reduction

7 percent Telecommunications provider Verizon recently announced it will reduce its workforce by about 7 percent. The company said by June 2019, 10,400 employees – who volunteered – will depart with some receiving up to 60 weeks’ salary, bonuses and ...

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A number to know: Amazon jobs

25,000 Amazon recently announced New York City and Arlington, Virginia, will become the new homes of the online retail giant’s second headquarters and will bring 25,000 jobs to each city. READ MORE AT THE NEW YORK TIMES >

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A number to know: sued for how much?

$2 billion Co-founders and eight other former and current executives of the dating app Tinder recently sued the company’s current owners, seeking $2 billion in damages for allegedly manipulating the valuation of the company.

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