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The fat cats are back in business | Nils Pratley | Business

Normal service is restored. Normal, that is, for members of FTSE 100 chief executive club. They enjoyed a collective 11% pay rise in 2017, having suffered a shocking 12% fall in 2016, according to the annual tally from the High Pay Centre and personnel body CIPD. The average big-company boss got £3.9m. The compilers talk about “significant government and regulatory developments” in the past year and how “we might have expected greater downward pressure to be exerted on top by…

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New York Magazine Owner Explores Sale

Aug. 14, 2018 12:28 p.m. ET New York Media, owner of New York magazine and several websites, is exploring options including a possible sale, according to people familiar with the matter, the latest publisher to weigh consolidation to cope with pressures in the fast-changing media sector. New York Media’s flagship publication, New York magazine, has for decades covered the nexus of politics and culture from its Manhattan perch as both a regional and national brand. The publisher is owned by…

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Amazon boosts Australian business with second fulfilment centre

Amazon’s second Australian fulfilment centre has opened for business in Sydney in a move the online retail giant says will increase the availability of local jobs and help to continue growing product selection and the provision of faster shipping to more customers. The new centre, located in Moorebank, South West Sydney, has a 43,000 square metre footprint – approximately six football fields – and Amazon says it provides easy access to the M5 motorway, Sydney airport and ports. Amazon opened…

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Musk bid for Tesla: no formal offer, no firm deals with advisers

(Reuters) – Tesla Inc’s (TSLA.O) board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk’s potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal. The board announced the move in Tesla’s first filing with regulators since Musk tweeted a week ago that he was considering taking the company private and…

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China’s Tesla is betting on hot-wired dreams for US listing, Transport

Wed, Aug 15, 2018 – 5:50 AM Hong Kong BASED in Shanghai and focused on the mainland market, electric car maker Nio aims to raise up to US$1.8 billion in a New York listing. Chinese drivers are getting greener and richer, but with fewer than 500 of its cars delivered, that’s a racy aspiration. The market has warmed to electric vehicles, especially at the high end, Nio’s niche. US-listed Tesla, which has yet to report an annual profit, boasts a…

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Advocates sue to block Arkansas’ Medicaid work requirement

Advocacy groups sued Tuesday to block Arkansas’ Medicaid work requirement, two months after they won a federal ruling halting Kentucky’s similar waiver program. The new lawsuit in U.S. District Court in Washington, D.C., challenges the CMS’ approval in March of Arkansas’ five-year demonstration requiring Medicaid expansion beneficiaries ages 30 to 49 to participate in either 80 hours per month of paid work or “community engagement” activities. The lawsuit, which names three beneficiaries as plaintiffs, claims the HHS secretary didn’t adequately…

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Intel reveals new microchip security flaw

A flaw in Intel chips could enable hackers to extract confidential data from the memory, the company said on Tuesday, revealing the third major vulnerability in the chipmakers’ products this year. Researchers discovered the vulnerability in Intel’s SGX technology, introduced in 2015 to create a more secure enclave of chip memory, prompting a warning from Intel that companies should make sure they are up to date with security patches. The flaw, known as L1TF and nicknamed Foreshadow, was independently discovered…

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Wasserstein heirs put New York magazine up for sale

New York Media, the owner of the storied New York magazine and a host of websites including The Cut and Vulture, has hired boutique investment bank LionTree to explore a sale of the media group, said several people with knowledge of the plans. The review is the latest in a rapid reshuffling of the old media guard, with traditional magazine and newspaper publishers seeking to adjust to tumbling print advertising revenues as they lose share to online rivals such as…

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Rail fares rises: Grayling pleads with unions and train firms

Image copyright Getty Images The rail industry should change how it calculates fare rises and staff wages to cut costs for passengers, Transport Secretary Chris Grayling has said. He has asked train operators and unions to use a different, lower, inflation measure to set pay and fare increases. The RMT union said it opposed Mr Grayling’s call – made hours before January’s rail fare rise is announced. The shadow transport secretary said Mr Grayling “had the power to enforce this,…

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Rail fares rises: Grayling pleads with unions and train firms

Image copyright Getty Images The rail industry should change how it calculates fare rises and staff wages to cut costs for passengers, Transport Secretary Chris Grayling has said. He has asked train operators and unions to use a different, lower, inflation measure to set pay and fare increases. The RMT union said it opposed Mr Grayling’s call – made hours before January’s rail fare rise is announced. The shadow transport secretary said Mr Grayling “had the power to enforce this,…

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Smartphone launch season is here. But no one seems to care

Another Spring is fast approaching, and with it a new crop of smartphones. But if excitement over them seems a little muted this year, it’s not just you. A PC Mag survey recently asked more than 1,500 people which smartphone launch they most anticipated this year. Apple’s launch, in which the company may reveal three iPhones, came in first with 42 per cent. Samsung’s Galaxy Note9, which made its debut last week, garnered 24 per cent. And “None” came in…

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WHA eyes growth as EEC interest heats up

The government’s policy to promote the 10 targeted S-curve industries for development in the EEC has helped to boost demand for industrial premises, said Jareeporn, adding that the company hoped to finalise a deal with up to five customers before the end of this year. The government’s 10 priority industries include auto-part manufacturing and consumer products, as well as new industries supported by the government such as aerospace and next-generation automotive manufacturing. With the deal expected this year,…

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Viavi forecast tops estimates on 3D sensing demand, 5G deployment

(Reuters) – Viavi Solutions Inc (VIAV.O) forecast first-quarter results above Wall Street estimates on Tuesday as it looks to benefit from higher sales of its 3D sensing products and 5G wireless deployment. Shares of the Milpitas-based company, which is said to supply optical filters for Apple iPhone’s Face ID feature, rose 3.4 percent to $11.23 after the bell. The company gets more than half of its revenue by selling network test, monitoring and assurance solutions to telecommunication providers. Viavi is…

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Rail fares: Grayling urges inflation change to slow rises

Image copyright Getty Images The rail industry should change how it calculates fare rises and staff wages to cut costs for passengers, Transport Secretary Chris Grayling has said. He has asked train operators and unions to use a different inflation measure, the Consumer Prices Index (CPI), to determine rail fare and wage increases. This is lower than the current tool used, which includes mortgage costs. But the RMT union said it opposed Mr Grayling’s call – made hours before January’s…

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The Benefits and Downsides of Pay Transparency

With more attention on gender and racial wage gaps in the workplace, some companies are left wondering whether pay transparency will help them achieve pay equality or cause more divides in the workplace. Women’s rights advocates have urged companies to adopt full pay transparency policies — meaning that employees know what each of their colleagues make — as a tool to close pay gap, which is even worse for women of color. While white women in the U.S. on average…

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