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Pay News

Apple pay could be signal of much bigger trend

When Apple recently announced its intention to release two new iPhones and the revolutionary Apple Watch, something got lost in the mix.

Man ordered to pay $30K child support bill for kid that isn't his

The state of Michigan is demanding that a man pay thousands of dollars for a kid that isn't his, or he could go to prison.

Pay day loan middlemen complaints double in UK this year

Earlier this week, the Financial Ombudsman Service in the UK reported how it had seen complaints about so-called "middlemen" to pay day loan providers more than double this year.

Pay for transport or phone credit by recycling bottles in Beijing

Beijing - A new system introduced in Beijing is allowing people to get free phone card rebates or passes to public transport in exchange for simply recycling a used drinks bottle.

Tech giants 'conspired to hold down salaries'

Apple, Google, Intel and Adobe have settled a class action case alleging they conspired to hold down salaries of over 65,000 employees.

Sweden's six-hour workday experiment

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.

Italy to cap top salaries at public companies

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.

Retail success at John Lewis means staff bonus for all

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....

Bank of England mulls clawback of bankers' bonuses

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 pays nearly 500 bankers more than 1 million pounds

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...

Programs to redistribute income good for growth: IMF

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...

GM's Barra will earn much more than male predecessor

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...

Waitress fired for refusing to cover dine-and-dash bill

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.

File-sharing website IsoHunt to pay Hollywood $110 million

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 teen in trouble for paying it forward

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.

NY 'Real Housewives' receive pay increase from network

The cast members of "Real Housewives of New York" have signed a contract with Bravo, and they will receive modest pay increases as well as budgets for makeup and hair.

Obese fliers should pay more, according to economist

A Norwegian economist thinks that people who are overweight should pay more money for their flights than fliers who are skinny.

Harvey Weinstein wants sites to pay for linking

Harvey Weinstein, a proponent of Obama and an Oscar-winning producer, said that he has plans to push for legislation that would make websites pay for linking to news articles.

France passes bill to pay for abortions

On Friday, France's lower house voted to fully reimburse all abortions, as well as making contraception free for minors.

Company pay homeowners mortgages and turns homes into billboards

Brainiacs From Mars is a company that pays homeowners' mortgages but the catch is that they will paint the homes, turning them into giant billboards.

Sardinian coal miners barricade themselves over job security

Cagliari - Around 100 workers in the only Italian coal mine have barricaded themselves in, armed with explosives, seeking reassurance their jobs will continue.

Zambian miners kill Chinese supervisor over pay

Lusaka - Miners working at Collum coal mine in Zambia, yesterday killed a Chinese supervisor and seriously wounded another over a pay dispute.

Poker websites to pay $731 million in US settlement

On Tuesday officials in the US announced that two poker websites will be paying over seven million dollars in a US settlement.

London bus drivers threaten action over Olympics bonuses

London - Thousands of bus drivers in London are intending to go on strike for twenty-four hours on June 22 in a dispute over pay during the London 2012 Olympics. The action is being organized by the Unite union.

Clear Channel to be first to pay royalties for music on air

An agreement between broadcast radio and performers marks the very first time that performers will get paid when their songs are played on the airwaves.

76% of UK taxpayers say they shouldn't pay for Papal visit

A survey published by the public theology thinktank Theos shows that the majority of Britons think that taxpayers should not have to cover the cost of the Pope's visit which will begin next week.

HootSuite to make you pay for their service

The ultimate multi-tasking platform for people with multiple social networks, HootSuite, has finally rolled out their payment plans for both new and old users.

Op-Ed: Murdoch to limit Google to 'headline and two sentences'

Rupert Murdoch has announced a “pay wall” for Google will be going up around News Corp’s websites. This follows previous statements regarding news aggregation sites like Google and Microsoft News, which Murdoch has dubbed freeloaders.

GM begins to repay bailout loans

Washington -- General Motors Co. pays back $1 billion and $192 million respectively to U.S. and Canada. The automaker owes $52 billion, $6.7 billion of that figure is from TARP and $1.4 billion to Canada.

Obama Administration Appoints Feinberg to Oversee Executive Pay

Those companies that have received assistance from the US Government under the Troubled Asset Relief Program (TARP) will now have the level at which they set the compensation for their top executives decided by a newly appointed Washington official.
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