Walmart boosts starting pay, closing dozens
of Sam’s Clubs
NEW YORK (AP) — Walmart is closing dozens of Sam’s Club warehouse stores across the country after announcing earlier that it was boosting its starting salary for U.S. workers. The world’s largest private employer said it was closing 63 Sam’s Clubs over the next week, with some shut already. It said earlier it was raising its starting wage to $11 an hour.
Apple investors urge action to curb child gadget addiction
NEW YORK — Two major Apple investors are urging the iPhone maker to take action to curb growing smartphone addiction among children. Jana Partners LLC and the California State Teachers’ Retirement System, or CalSTRS, said in open letter to Apple that the company must offer more choices and tools to help youngsters fight addiction to its gadgets.
The Weeknd dumps H&M
after sweatshirt ad
NEW YORK — Singer The Weeknd said Monday that he will no longer work with H&M after the clothing company posted an ad of a black child in a sweatshirt with the words “Coolest monkey in the jungle” on the front. Many people criticized the image on social media, calling it racist. H&M removed the image Monday and apologized to anyone it “may have offended.”
Fired Google engineer’s suit claims reverse discrimination
NEW YORK — The Google engineer who was fired for writing a memo criticizing Google for pushing diversity is suing the company, saying it discriminates against white men and conservatives. James Damore’s lawsuit says he was discriminated for his perceived conservative political views and for being white and male. He is joined in the lawsuit by another former Google engineer, David Gudeman.
GoPro expects revenue slump, slashes workforce
NEW YORK — GoPro expects 4Q revenue slump on weak sales as it slashes workforce and drones. The company expects a 37 percent drop in 4Q revenue and will cut more than 20 percent of its staff. It is also exiting the drone market, citing tough competition and regulations.
Emory University gets largest gift — $400 million
ATLANTA — Georgia’s Emory University is receiving a $400 million gift — the largest in the history of the institution — to find new cures for disease and improve lives. The private school in Atlanta on Monday announced that the Robert W. Woodruff Foundation has pledged the money for medical advances and to enhance people’s health. The Woodruff Foundation says its giving was inspired by the legacy of Robert Winship Woodruff, longtime leader of the Atlanta-based Coca-Cola Co.
Americans borrowed more in November amid solid holiday sales
WASHINGTON — U.S. consumers ran up nearly $28 billion in new debt on their credit cards and in the form of new auto and student loans, a sign of growing confidence in the economy. The Federal Reserve says that consumer borrowing grew 8.8 percent, the most in more than two years, to $3.83 trillion.
BBC’s China editor resigns over gender pay gap dispute
BEIJING — The BBC’s China editor has resigned her position in Beijing in protest over what she called a failure to sufficiently address a gap in compensation between men and women at the public broadcaster. Carrie Gracie’s departure is the latest aftershock from the public corporation’s forced publication last year of pay levels for its top earners that showed two-thirds of those in the top bracket were men.
— The Associated Press
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