Pay News

Gothenburg - In hopes that it will cut down on sick leave, boost efficiency, and ultimately save Sweden money, municipal staff in Gothenburg will experiment with six-hour full-pay workdays.

Milan - Italy will cap salaries at some of the country's biggest public companies, the new government of 39-year-old Matteo Renzi announced on Friday, though some major groups will be exempt.

London - Far from the astronomical incentives accorded to a select few at Britain's banks, clothes-to-food retailer John Lewis Partnership is paying all its staff an annual bonus worth 15 percent of their salaries, earning praise for its co-operative structure....

London - The Bank of England said Thursday it was consulting on recovering bonuses paid to bankers in the event of misconduct, with such a mechanism possibly in place as soon as 2015.The BoE said the move was aimed at maintaining financial stability after banks...

Barclays <BARC.L> paid almost 500 staff more than 1 million pounds ($1.67 million) last year, prompting criticism that pay is still too high and that banks have not changed their w...

Washington - The International Monetary Fund came out Wednesday in support of the fight against income inequality, with Fund economists saying income redistribution efforts can strengthen economic growth.Plunging into a debate over the gap between rich and poor tha...

New York - The new General Motors boss, Mary Barra, will earn a total pay package of $14.4 million this year, 60 percent more than her male predecessor, the automaker said Monday.Feminist organizations were outraged late last week after US media reports said Barr...

New York - It wasn't a good thing to have three men skip out on a bill, but it was even worse when waitress Suzanne Parratt was fired for refusing to pay that bill.

Gary Fung of Vancouver built IsoHunt about 10 years ago, and since then it has become one of the top places to find links to torrent files online.

Naples - A teen in east Naples, Florida, thought he was doing a good deed for a few people, but he ended up getting into trouble, and going behind bars on Tuesday.