The battle for executive pay Oct 22, 2009
The amount of money earned by chief executives was 17 times average earnings in 1993, soaring to 50 times in 2008 ... ACTU president Sharan Burrow said that salaries of company chiefs should be limited to a maximum 10 times the average earnings of employees within that company, and that companies should be taxed at a higher rate for paying CEO salaries over $1 million. (Sydney Morning Herald -- Business)
Allianz, Amex retain ICBC stake Oct 21, 2009
They forecast 32 percent average earnings growth for Chinese lenders next year, driven by loan expansion and a recovery in lending profitability. Source:China Daily. (People's Daily Online, China)
Will Earnings Reports Push Stocks Higher? Oct 20, 2009
Will Earnings Reports Push Stocks Higher. Will Earnings Reports Push Stocks Higher. (Time.com)
Council pension fund assets fall Oct 17, 2009
He also said employees should pay more in contributions and that their pensions should in future be calculated on the basis of their career average earnings, rather than their final salaries. In April 2008, the LGPS for England and Wales, which has more than 1. (BBC News -- Business)
Wanted: a solution to a super headache Oct 17, 2009
The Henry review's modelling found a worker on average weekly earnings (about $60,000 a year) could expect a retirement income of about 63 per cent of pre-retirement earnings (or about $43,000 in today's dollars after adjusting for growth in average earnings) from compulsory super and the age pension after working for 35 years. Someone on the median income of 75 per cent of average earnings could expect a retirement income of about 73 per cent of pre-retirement earnings ... 5 times average... (Sydney Morning Herald -- Business)
Growth in UK unemployment slows Oct 15, 2009
Average earnings excluding bonuses rose by just 1. 9% in the three months to August from a year earlier, the lowest figure on record. (BBC News -- Business)
J&J wheels and deals, awaits new product approvals Oct 10, 2009
Jls and deals, awaits new product approvals - Yahoo. Search Type Choose a search type from the items below. (Yahoo News -- Press Releases)
No stopping outrageous executive salaries Oct 7, 2009
In 2007-08 remuneration of the chief executives of the top 20 listed companies averaged almost $10 million a year, or 150 times average earnings. Chief executives of the next 20 biggest companies were paid about half that. (Sydney Morning Herald -- Opinion)
Joke about bosses' pay that's no laughing matter Oct 3, 2009
The report estimated average executive pay in ASX100 companies grew in real terms 8 to 9 per cent a year between 1993 and 2008 - or somewhere between 210 and 250 per cent. Executive pay grew from about 17 times average earnings in 1993 to 50 times last year. Politics of envy aside, that may be OK if the executives in question had generated similar returns for their shareholders. (Sydney Morning Herald -- Business)
Greedy pensioners are not society's most vulnerable Oct 1, 2009
Because pensions are indexed to average earnings rather than prices, they rise by a per cent or two more each year than the dole does. The latest increase puts the gap between the single age pension and the single dole at $108 a week. (Sydney Morning Herald -- Opinion)
Seeds of change Oct 1, 2009
According to the local small farmers' association, average earnings have risen to around $200 a month, roughly 10 times the national average. Some are making significantly more. (BBC News -- Americas)
How would the public option outcompete private enterprise? Sep 30, 2009
Availability of separate salary averaging for funding and for benefit accrual * Salary averaging based on high only, high consecutive with exclusion periods * Interest * Mortality Tables with separate setback/setforwards for males and females * Turnover/Withdrawal * Salary Projection * Calculation of PIA amounts based on PRE and POST 1979 Social Security rules * PIA amounts calculated using separate assumptions for backward and forward salary projection, Consumer Price Index, average earnings,... (Atlanta Journal-Constitution -- Opinion)
Australian union chief calls for cap on CEO salaries Sep 30, 2009
Burrow said salaries for company chiefs should be capped at a maximum 10 times the average earnings of employees within that company. "These CEOs have lost their moral compass, they have no understanding of the reality of working people's lives," she said. (Xinhuanet, China)
Britain's fiscal emergency: Deflating the state Sep 25, 2009
Average earnings in the public sector have grown faster than those in the private sector since 2000, and the gap has widened during the recession. State employees also enjoy much more generous pension arrangements than most private workers get. (The Economist)
Census: Many uninsured in Georgia Sep 22, 2009
The study offers a look into how state residents and metro Atlantans are living, including the areas demographic makeups, travel times to work and average earnings during the prolonged recession. Some of the findings are already well-known. (Atlanta Journal-Constitution -- Metro)
UK unemployment at 12-year high Sep 17, 2009
Average earnings, including bonuses, increased by 1. 7% in the three months to July, down from the previous month. (BBC News -- Europe)
UK unemployment hits highest level since 1996 Sep 17, 2009
Average earnings growth excluding bonuses fell to 2. 2 per cent in the three months to July, its lowest since records began in 2001. (Sydney Morning Herald -- Business)
Credit crunched Sep 11, 2009
Meanwhile, most people are still in jobs and average earnings across the whole economy are still rising, if only just. When the recession is over and the economy starts growing again, we may even repeat the experience of early 1990s. (BBC News -- UK)
Minorities feel unemployment brunt, job loss risk doubles Sep 11, 2009
Average earnings continue to rise even for nonsupervisory and production workers. Though, Kruse noted, the increase is less than 1 percent per year throughout the past 10 years when adjusted for inflation. (The Daily Targum, NJ)
Taxman cometh Sep 9, 2009
The report recommended introducing a tax rate for artists based on average earnings over a number of years ... "The artists' exemption scheme is not a 'rich man's relief as has been portrayed in some quarters - Arts Council research has shown that over half the beneficiaries of the scheme have average earnings of less than half the minimum wage," she said. (BBC News -- Europe)
BUCCing the Bucknell Liberals Sep 9, 2009
(Progressives hold similar wage gap bake sales to satirize different average earnings by race and gender. . (Human Events Online)
Pension commission issues final report Sep 3, 2009
- Introducing an "anti-spiking" rule that limits an annual increase in "pensionable" earnings to 7 percent plus inflation of the average earnings over the previous two years. This is intended to limit "incentive for workers to raise earnings" in the last few years of their career to inflate their pensions. (Belmont Citizen Herald, MA)
Teaching Children About Investing Sep 2, 2009
After all, during a lifetime of even average earnings, several million dollars will pass through their hands. If they were to do nothing more than save 10% of it, they would have between a quarter and a half million dollars when it came time to retire. (Suite101.com)
VeriFone posts $22M profit in Q3 Sep 2, 2009
VeriFone goes from loss to $22M profit in Q3 - Silicon Valley / San Jose Business Journal. for free extra services. (San Jose Business Journal, CA)
ATL mayoral race: Jesse Spikes Aug 31, 2009
Partners at McKenna average earnings of $560,000 a year, according to the Fulton Daily Report s annual law firm survey. Spikes, who chaired the Fulton County elections board in the 1990s, has done what most high-paid corporate attorneys do best avoid controversy. (Atlanta Journal-Constitution -- Metro)
Deere-UAW contract talks begin Aug 31, 2009
E W Post 97 wrote on Aug 30, 2009 8:28 AM:" If momofthree thinks that the only difference in benefits between post 97 and pre 97 employees is a couple bucks per hour in wages think again. New employee lump sum payment in lieu of wage increase is 1% of annual wage which is about one fifth of the pre 97 3% of their much higher annual wage. Pre 97 employees have heathcare after retirement. Post 97 can't retire if they need healthcare because they do not get this benefit. Post 97 employees have... (Waterloo-Cedar Falls Courier)
Happy birthday Aug 31, 2009
NUPE's initial goal was for a set rate: a minimum wage of two thirds of average earnings. And the union reached agreement with the then shadow chancellor John Smith, in 1991, at a meeting at Magdalen College, Oxford - the minimum wage would be set to 50% of male median earnings initially, rising to two-thirds over time. (BBC News -- UK)
Palestinian settlement builders Aug 28, 2009
But with about 30% of West Bank Palestinians out of work, and average earnings in the territory little more than half Israel's minimum wage, labouring in the settlements has its appeal for Palestinians. Some 12,000 Palestinian construction workers get Israeli permits to work in the settlements each year. (BBC News -- Africa)
Beware autumn bulls Aug 27, 2009
Now, however, on the basis of average earnings over 10 years, the S&P 500 is 23 per cent overvalued. Meanwhile, markets are showing diminishing levels of excitement in response to improving economic news. (FT.com -- Markets)
Penn State to return to D.C. Aug 27, 2009
Reports indicate the Hoosiers will receive $3 million for the game, over three times their average earnings for games held in Bloomington, Indiana. The move gives PSU an extra edge, considering how much closer Washington D.C. is to State College than Indiana's usual home digs. (Carlisle Sentinel, PA)
Stocks, Crude Oil Decline for First Time in Six Days; Copper, Metals Fall Aug 26, 2009
While investors paid an average earnings this year for copper, plastic and seed producers last week, the premium fell to 17. 7 based on 2010 analyst estimates that call for profits to almost double, data compiled by Bloomberg show. (Bloomberg -- Canada)
Open Text reports decline in 4Q profit Aug 21, 2009
7:41 p.m. Thursday, August 20, 2009. The Associated Press. (Atlanta Journal-Constitution -- World)
HP Q3 profit falls 19% to $1.6B Aug 19, 2009
HP Q3 profit falls 19% to $1. 6B - Silicon Valley / San Jose Business Journal. (San Jose Business Journal, CA)
Canada Stocks Rise as Oil Lifts Energy Producers; Research In Motion Gains Aug 19, 2009
National Bank had its rating raised to buy from hold by analyst of Genuity Capital Markets, who said he expects the bank to exceed the average earnings forecast of analysts this quarter and in 2010. jumped 5. (Bloomberg -- Canada)
Analyst Picks and Pans: Aetna, Netflix, GameStop Aug 18, 2009
85 per share during its fiscal year, while Wall Street's average earnings outlook calls for $2. 81 per share. (BusinessWeek)
Ask for help before giving up on college goals Aug 14, 2009
The average earnings of adults 18 and over with a bachelor's degree was $51,554 in 2004, compared to $28,645 for those with only a high school diploma, according to a report from the U.S. Census Bureau. But knowing the value of a degree in the long run doesn't help solve the problem of how to pay for it in the short run. (The Pantagraph newspaper)
DeVry profit rises along with enrollments Aug 14, 2009
Top Finance Headlines. Top Government Headlines. (Crain's Chicago Business)
Marketing / Sales Aug 11, 2009
Our Associates' 2002 average earnings: Top 25 - $1,757,133. 39 Top 50 - $1,335,217. (The Clarion-Ledger)
VIX Signals S&P 500 Swoon in September as History's Worst Month Approaches Aug 10, 2009
6 times its companies average earnings this year, the since December 2004, according to data compiled by Bloomberg. The first global recession since World War II may worsen as more Americans get thrown and the benefits of government spending wear off, according to of Harvard University. (Bloomberg)
Comcast grows Q2 profit, revenue Aug 8, 2009
That beat the average earnings estimate of 25 analysts polled by Thomson Reuters First Call, which was 26 cents per share, but Comcast (NASDAQ: CMCSA,CMCSK) said the results included favorable settlements related to federal and state taxes. Comcast earned $632 million, or 21 cents per fully diluted share, in the second quarter of last year. (Memphis Business Journal, TN)
Maxim's Q4 profit falls to $8.10M Aug 7, 2009
Maxim's Q4 profit falls to $8. 10M - Silicon Valley / San Jose Business Journal. (San Jose Business Journal, CA)
King Pharmaceuticals reports 2Q profit drop Aug 7, 2009
Search Type Choose a search type from the items below. Thu Aug 6, 2:39 pm ET. (Yahoo News -- Pharmaceutical Industry News)
Cisco profit drops 46% to $1.1 billion Aug 6, 2009
Cisco profit drops 46% to $1. 1 billion - Triangle Business Journal. (Triangle Business Journal)
Cisco's Q4 profit drops 46% to $1.1B Aug 6, 2009
Cisco's Q4 profit drops 46% to $1. 1B - Silicon Valley / San Jose Business Journal. (San Jose Business Journal, CA)
Rise in poverty worse than stated Aug 6, 2009
The Institute for Fiscal Studies has ascribed the rise in poverty to increases in tax credits and benefits lagging behind the rise in average earnings last year. The work and pensions secretary, John Hutton, said the error occurred because incorrect population estimates were used. (Yahoo News -- Poverty)
Older fund members face risk Aug 5, 2009
The high risk of old-age poverty in Australia is mainly due to the relatively low level of the age pension: equivalent schemes in other OECD countries are worth 25 per cent more (compared with national average earnings) than the age pension in Australia. New Zealand's basic pension, for example, is worth 80 per cent more relative to average earnings than the Australian age pension. (Sydney Morning Herald -- Business)
75% of sensex cos net gains in April-June Aug 3, 2009
"Earnings for corporate India remain meaningfully ahead well into the current reporting season ... average earnings growth is mid-teens, and a good 5-10% ahead of our expectations, across various aggregates," Citigroup said in its India Equity Strategy report. Companies that have reported a significant surge in June quarter profit include Jaiprakash Associates (292%), Mahindra dra (152%), Tata Power (144%), Hero Honda (83%), and cement firm ACC Ltd (79%). (India Times, India -- Intl Business)
Disability pay report raises myriad questions Aug 3, 2009
Monthly compensation that the Department of Veterans Affairs pays to veterans with service-connected disabilities is intended to replace average earnings loss due to their injuries or ailments. But should VA also pay disabled veterans something extra for diminished quality of life. (NJ.com -- Times)
Monster Worldwide Suffers 2Q Loss as Sales Plummet Jul 31, 2009
On that basis, the company beat the average earnings estimate of a penny per share among analysts surveyed by Thomson Reuters. Revenue for the period totaled $223 million, down from $354 million last year. (ABC News -- Wire)
Natus beats Street, posts $2.3M Q2 profit Jul 31, 2009
Natus beats Street, posts $2. 3M Q2 profit - Silicon Valley / San Jose Business Journal. (San Jose Business Journal, CA)
Lobsterman sued after alleged assault Jul 30, 2009
4 million in his lifetime, based on average earnings of $100,000 a year. Turf wars among Maine lobstermen are not uncommon, but it is unusual for them to result in gunfire. (Boston Globe)
WellPoint 2Q Profit, Enrollment, Stock Tumble Jul 30, 2009
Health insurer WellPoint reports 2nd quarter profit drop, shares fall on enrollment loss. By TOM MURPHY AP Business WriterINDIANAPOLIS July 29, 2009 (AP) The Associated Press. (ABC News -- Wire)
SAP earnings up 5% Jul 30, 2009
That was slightly below the average earnings estimate of 11 analysts polled by Thomson Reuters First Call, which was 52 cents per share. SAP s operating margin in the quarter grew to 25. (Philadelphia Business Journal, PA)
Massey Energy Turns 2Q Profit in Tough Climate Jul 29, 2009
Massey Energy reports $20. 2 million in 2Q, citing sales to power plants. (ABC News -- Wire)
Summit State Bank Reports Continued Earnings Growth in Second Quarter and Declaration of Dividend Jul 28, 2009
96 Selected Balance Sheet Data:(000) Assets $355,919 $341,798 $355,919 $341,798 Loans, net 300,070 271,809 300,070 271,809 Deposits 256,355 229,637 256,355 229,637 Average assets 357,568 336,891 360,192 337,491 Average earnings assets 343,185 319,759 349,291 320,299 Average equity 56,085 47,731 56,368 47,759 Nonperforming loans 3,886 267 3,886 267 Total nonperforming assets 3,927 267 3,927 267 Selected Ratios: Return on average assets(1) 0. 80% 0. (Primezone Releases)
Plum Creek 2Q Profit up Slightly on One-Time Gain Jul 28, 2009
Plum Creek Timber's 2Q profit up slightly on gain from sale of Wisconsin timberland. SEATTLE July 27, 2009 (AP) The Associated Press. (ABC News -- Wire)
LETTER: Government spending not a help to the nation Jul 28, 2009
"-----------Putting aside the fact that a true War Economy would effectively kill any spending on massive infrastructure programs; modern technology and construction techniques do not require massive amounts of manual labor anymore. And the manpower that would be used would mostly be Unions working for exorbitant wages. You would effectively be spreading above average earnings among a select few. Not to mention the private companies that produce the equipment and materials. You would be creating... (Mattoon Journal-Gazette, IL)
Netflix Q2 profit grows to $32.4M Jul 24, 2009
Netflix Q2 profit up 22% to $32. 4M, beats Street - Silicon Valley / San Jose Business Journal. (San Jose Business Journal, CA)
Raytheon 2Q earns up, Northrop falls Jul 24, 2009
That matched the average earnings expectation by analysts surveyed by Thomson Reuters. Earnings estimates typically exclude one-time items. (Muscatine Journal, IO)
Microsoft Q4 profit, revenue droop Jul 24, 2009
for free extra services. Subscribe to Silicon Valley / San Jose Business Journal. (San Jose Business Journal, CA)
Sunoco Logistics earnings up 18% in 2Q Jul 23, 2009
The average earnings estimate of eight analysts polled by Thomson Reuters First Call was $1. 35. (Philadelphia Business Journal, PA)
Sevenfold jump in iPhone sales lifts Apple Jul 22, 2009
Apple profit up 15% on sevenfold iPhone sales jump - Silicon Valley / San Jose Business Journal. for free extra services. (San Jose Business Journal, CA)
Yahoo sees boost in Q2 profit to $143M Jul 22, 2009
for free extra services. Subscribe to Atlanta Business Chronicle. (Atlanta Business Chronicle, GA)
Manhattan Associates Posts Second-Quarter Loss Jul 22, 2009
ATLANTA July 21, 2009 (AP) The Associated Press. Manhattan Associates Inc., which provides software and services that help companies manage inventory and supplies, posted a second-quarter loss Tuesday, though adjusted results easily beat Wall Street's expectations. (ABC News -- Wire)
Werner Enterprises 2Q Profit Drops 30 Percent Jul 21, 2009
Werner Enterprises 2nd-quarter profit drops 30 percent; results meet Wall Street's forecast. July 20, 2009 (AP) The Associated Press. (ABC News -- Wire)
