A new regulatory filing by Bank of America shows its CEO received quite a raise last year. Brian Moynihan got nearly a 75 percent increase in 2012 — a pay package valued at more than $12 million. The previous year he was paid $7 million.
Boeing has its hands full right now. It is still trying to get to the bottom of a battery fire on one of its new 787s, and now technical workers have authorized a strike. They'll negotiate again before a walkout.
The Pentagon plans to notify members of Congress Wednesday about its plans to furlough some 800,000 civilian employees later this spring. That's just one consequence of the federal government's automatic spending cuts which are due to take effect next week. President Obama is urging Congress to halt the cuts, at least temporarily, while lawmakers try to craft a more lasting budget agreement.
Following the lead of cities like San Francisco and Washington, D.C., New York wants to permit passengers to use smartphone apps to find a yellow cab. But the prospect of change has prompted a lawsuit from private car services, whose passengers already use smartphones to hail drivers.
Janet Sims-Wood, 67, is like millions of other seniors still working in order to make ends meet. For the part-time librarian, the recession put a huge dent in her savings, so she expects she'll have to work as long as her health allows.
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