The growing push to raise minimum hourly pay to as much as $15 per hour is creating new issues in the workplace: While some of America’s lowest-paid workers will get fatter paychecks, others may feel underpaid.
Cumulus Media’s new chief executive, Mary Berner, is working hard to change the corporate culture at the radio broadcaster, which is battling declining revenue and struggling with $2.5 billion in debt that starts coming due in three years.
The U.S. government said it was assuming regulatory authority over e-cigarettes and all other tobacco products with rules that will prohibit sales to anyone under 18 and require manufacturers to submit products for approval.
The head of Bangladesh’s central bank will meet next week with a top Federal Reserve official and representatives of interbank messaging service Swift in an effort to trace $81 million stolen from the country’s Fed account.
CHC Group, the operator of a helicopter that recently crashed in Norway killing 13 people, has filed for bankruptcy protection. The company is the latest to be caught by the downturn in global energy prices.