Some Companies Are Laying Off Employees Amid Tax Cut Savings
Companies like Kimberly-Clark, Comcast, AT&T and Walmart are laying off employees following savings from the new tax law.LEARN MORE
FedEx pledged over $3.2 billion in wage increases, bonuses and pension funding for employees, as well as upgrades to two of its hubs.
FedEx is following suit with other U.S. companies and giving some of its employees more money after the recent tax overhaul.
The company said Friday it's pledging $3.2 billion for wage increases, bonuses and pension funding for employees, as well as upgrades to its hubs in Indianapolis and Memphis, Tennessee.
Specifically, FedEx says it'll give over $200 million for pay bumps, $1.5 billion for pensions and another $1.5 billion for the hubs.
FedEx said these investments are coming after the Tax Cuts and Jobs Act passed, and it's not the only company doing something like this. Walmart, The Home Depot and Starbucks are a few others making similar investments.
In a filing with the Securities and Exchange Commission, the company confirmed that the security breach took place Oct. 1.
The merger will allow Alaska Airlines to expand its West Coast network and acquire more pilots and planes.
The new restaurant appears to be nearing completion outside of a major city, but McDonald's has not said much about the new concept.
Local health officials and the CDC say the uptick in the U.S. is not related to China’s pneumonia outbreak.
Harm reduction — providing a safer way to use drugs — has become a topic of passionate debate in this Philadelphia neighborhood.
You can get your hands on a H1 flying car starting from $135,000 to $150,000, with orders opening in 2024.