CNN – The change takes effect November 1 and applies to full-time, part-time and temporary workers. Amazon (AMZN) says the $15 minimum wage will benefit more than 250,000 Amazon employees, plus 100,000 seasonal workers. | Get the Full Story
CNN – The company said it is considering “a new, operating Toys ‘R’ Us and Babies ‘R’ Us branding company,” the filing said. The plan would “create new, domestic, retail operating businesses under the Toys “R” Us and Babies “R” Us names, as well as expand its international presence and further develop its private brands business.”The details of when and how the brand would be brought back to life were not disclosed. | Get the Full Story
PGNewser – According to a former Reagan confidante, John Rutledge, a trade deal getting done right now between the US and China is very possible.
CNBC – “What I told the group was that you have to understand that China is not Kansas,” Rutledge said. “Their institution’s different, their politics is different and so forth. But I really think that it’s possible for a trade deal to get done right now. Both sides need it, and the Chinese economy, in particular, is very weak, and they have a credit crisis underway that’s really causing damage to the private firms. So if you’re going to get something done, this is the right time to do it.” | Get the Full Story