Posts Tagged Corporate news

Building materials blamed in Bangladesh disaster

In this Sunday, May 12, 2013 file photo, Bangladeshi soldiers stand amid the rubble of the garment factory building that collapsed on April 24 as they continue search operation in Savar, near Dhaka, Bangladesh. A government investigation said poor quality construction materials and building code violations contributed to the collapse of building housing garment factories last month in Bangladesh. (AP Photo/Ismail Ferdous, File)

DHAKA, Bangladesh (AP) — A government investigation found that “extremely” poor quality construction materials and a series of violations caused the collapse of a garment factory building in Bangladesh that has been called the worst garment-industry disaster in history, the committee head said Thursday.

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On top of big salaries, companies pile on perks

NEW YORK (AP) — Wynn Resorts pays for founder and CEO Steve Wynn’s residence at its tony Las Vegas hotel and casino at a cost of nearly $452,000.

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Median CEO pay rises to $9.7 million in 2012

FILE -In this Tuesday, Sept. 12, 2006, file photo, Leslie Moonves, left, president and chief executive officer of CBS, talks with PBS host Charlie Rosein Beverly Hills, Calif. CEO pay has been going up, The highest paid CEO in 2012 was Leslie Moonves of CBS, who made $60.3 million. (AP Photo/Reed Saxon, File)

CEO pay has been going in one direction for the past three years: up.

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Made in the USA back in style for small businesses

In this Friday, May 17, 2013, photo, Martin Rawls-Meehan, CEO of Reverie, poses at the company showroom next to a bed that reveals the manufacturing process, in Silver Creek, N.Y. The company is working to expand manufacturing in the United States. (AP Photo/David Duprey)

NEW YORK (AP) — When Martin Rawls-Meehan started making adjustable beds in 2004, it was a foregone conclusion that key parts would be made overseas. It was cheaper to manufacture in Taiwan than in the U.S. And from Taiwan it was easier to ship to customers in Asia.

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HP’s slumps deepens in 2Q as earnings fall 32 pct

In this Aug. 21, 2012 photo, the Hewlett-Packard Co. logo is seen outside the company's headquarters in Palo Alto, Calif. Hewlett-Packard Co. reports quarterly financial results after the market closes on Wednesday, May 22, 2013. (AP Photo/Paul Sakuma)

SAN FRANCISCO (AP) — Hewlett-Packard’s slump is deepening as the world’s largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices.

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