Many of the lowest-paid workers in the US were left out of the economic recovery, but they're starting to get raises as companies find they have to compete for employees. For full-time workers paid about $13 an hour, weekly wages increased 3.1% in the second quarter compared with Q2 of 2015, the Labor Department said.
Uber reportedly lost more than $750 million in the most recent quarter, including $100 million domestically after a first-quarter profit in the US. Driver subsidies accounted for most of Uber's losses, according to the company, which also said that bookings grew to more than $5 billion in the second quarter.
A new poll by Direct Textbook shows 84% of parents with children in college will vote for a presidential candidate they believe has the best plan to reduce student debt. The survey found that the debt issue was more important to them than other issues such as unemployment, gun control or health care.
The Securities and Exchange Commission said it has settled enforcement actions against 71 state and local governments that made "materially false statements or omissions about their compliance with continuing disclosure obligations" to investors. The agreement requires bond issuers to cease and desist future violations but doesn't impose any fines.
Natural Grocers will launch a full month of promotions and educational efforts in September for Organic Harvest Month, designating itself the "Organic Month Headquarters." The Colorado-based retailer's selection includes only USDA-certified organic produce.
At least 6 million Americans are exposed to levels of polyfluoroalkyl and perfluoroalkyl chemicals in drinking water that are higher than recommended for safety, which could raise the risk of health problems, according to a study in Environmental Science & Technology Letters. Researchers said the chemicals are found in products used as part of daily life or in manufacturing, and while some have been phased out, they still remain in the environment.
FedEx is globally centralizing its logo color palette, using its most recognizable shades of purple and orange across all of its business divisions. "It's all about giving our customers the most powerful brand imagery we can," FedEx's Patrick Fitzgerald said.
J.C. Penney unveiled appliance showrooms at two Minnesota stores last week and will debut six more in the state Friday as part of a push to put the big-ticket items in 500 of its 1,000 US stores by year's end. Penney's will showcase up to 215 dishwashers, refrigerators and other appliances in the showrooms and offer more than 1,000 other models online.
Best Buy will be showing off Facebook Oculus Rift VR headsets in 500 stores and Sony PlayStation VR in 200 stores over the next few months. "The performance of virtual reality at Best Buy will be a very good indicator of how successful the VR movement will be," said Keybanc Capital Markets retail analyst Brad Thomas.
Pfizer has agreed to acquire AstraZeneca's small molecule-antibiotics business, which includes the approved drugs Zavicefta, Merrem and Zinforo, as well as the investigational treatments ATM-AVI and CXL. Pfizer will provide a $550 million upfront payment, another $175 million unconditional payment in January 2019, milestone fees of $250 million, plus $600 million tied to royalties and future sales of Zavicefta and ATM-AVI.
Fox News averages 2.26 million viewers per night and has a commanding lead over other cable news networks, but the average age of its primetime viewer is 68. The network has been focusing on digital to help bring in younger viewers, while also holding on to programming popular with young demographics, including "The Kelly File" and "The Five."
Tennessee's Nashville International Airport has cut its energy consumption by more than 50% since it switched to a geothermal energy system that uses a water-filled former quarry as a cooling source. The lake plate system is unique in North America.
Reports indicate that Sanchez Energy is soliciting buyers for about 25,000 net acres in the Eagle Ford Shale region in south Texas. Sanchez is said to be raising cash to further develop its best prospects, including a lucrative patch of the Eagle Ford known as the Catarina.
Transportation Security Administration checkpoint wait times at Chicago-area airports have dropped to 10 minutes or less in the first half of this month, compared to more than an hour in May. "TSA's efforts here have been heroic in addressing the problem," said Mayor Rahm Emanuel.
The Hotel Ivy in Minneapolis is offering a $12,000 Ultimate Tailgate Package that includes a night in the penthouse, three more hotel rooms for friends, six 40-yard-line tickets to the Sept. 1 Vikings football game, limo transportation and lots of food and beverages. The feature follows a national trend of luxury pregame accommodations for gridiron fans.