Wal-Mart Stores Inc. Chief Executive Officer Mike Duke got a 14 percent raise in pay to $20.7 million as the retailer, trying to recover from a weak start this year, tied future bonuses to compliance controls.
Marriott International Inc., the largest publicly traded U.S. hotel chain, may sell its three Edition properties to fund an expansion of the boutique, luxury brand, incoming Chief Executive Officer Arne Sorenson said.
Corporate leaders urged President Barack Obama to swiftly overhaul U.S. immigration laws, positioning the business community for a confrontation with House Republicans seeking to slow legislative action.
Marriott International Inc., the largest publicly traded U.S. hotel chain, plans to double its operations in Latin America and the Caribbean by 2017 to take advantage of growing demand, Chief Executive Officer Arne Sorenson said.
Government spending cuts set to take effect this week will be felt at the local level as everyone from defense contractors in Virginia to waitresses in New Mexico take a hit. The overall impact on the U.S. economy may be more muted.