President Barack Obama said the success of companies that are paying lower-level employees more than the federal minimum wage stands as a rebuttal to arguments that raising the U.S. standard would cost jobs.
New Britain Palm Oil Ltd said 2010 total comprehensive income attributable to shareholders climbed to $223 million from $117.9 million. The company expects to resume payment of dividends with an interim dividend for 2011 payable in October, it said in an earnings statement today.
Shortly after she took over as chief executive officer of Harvard Management Co. on July 1, 2008, Jane Mendillo gathered the university endowment’s 200- member staff for a town-hall-style meeting at the Federal Reserve Bank Building in downtown Boston, across the Charles River from Harvard University.
The City of Baltimore and New Britain Firefighters’ Benefit Fund filed a consolidated and amended complaint against Citigroup Inc., Credit Suisse AG, Bank of America Corp. and more than a dozen other banks, alleging they artificially “suppressed” the London interbank offered rate.
STMicroelectronics filed a patent- infringement complaint against InvenSense Inc. in a case that could keep some Stanley Black & Decker Inc. screwdrivers and Roku Inc. remote controllers out of the U.S.