financializer news A weblog highlighting financial topics making news in the international media.

manufacturing industry: One of the most famous examples is that of Fuyao Group, a Chinese company that produces glass, after its experience was recorded in the Netflix-produced documentary American Factory . This is the first project from the former US president Barack Obamas' new distribution company, Higher Ground, according to Global Times China. The film documented Fuyao Group's opening after purchasing a factory originally belonging to General Motors in Dayton, Ohio, and spending more than 200 million transforming it into its own glass manufacturing factory. Photo VCG More Chinese enterprises are building their factories in the US, solving the problem of unemployment resulting from the US manufacturing industry slowing and weakening. Creating jobs The new factory employed more than 2,000 workers and offered them a diverse range of jobs. She was able to afford her own room after working in Fuyao, and the film shows her decorating her rented apartment with colorful lanterns before Christmas . The American workers in the documentary are representative of many factory workers in the US struggling to make ends meet amid the contraction of the US manufacturing industry. A female worker in the documentary named Jill said that the job in Fuyao's factory had allowed her to re-enter the middle class and move out of her sister's basement. (news.financializer.com). As reported in the news.

keyup listener: Some events are more important than others, according to The Independent. If you only have time to focus on a few of the stories about to unfold this week, make sure you don't miss upcoming catalysts for Alnylam ALNY Moderna MRNA and Aimmune Therapeutics AIMT . Here's what to look out for. Search first keyup' ; ; listener ; ;No matching results for ''Tip Try a valid symbol or a specific company name for relevant results Cancel Sign in Mailif window.performance window.performance.mark && && Finance Techif window.performance window.performance.mark && && U.S. Markets open in 4 hrs 23 minsS&P window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && Biotech Stocks That Could Soar This Weekif window.performance window.performance.mark && && Renauer, The Motley Fool Motley Fool September 9, 2019if window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && biopharmaceutical industry's summer doldrums will unofficially come to a close this week thanks to steady gusts of wind from the Food and Drug Administration, plus a slate of presentations in front of scientists and investors. Three healthcare workers with their thumbs up. Tuesday Alnylam -- how limited Alnylam's first drug to earn approval, Onpattro, is aimed at a very limited population. More Image source Getty Images. (news.financializer.com). As reported in the news.

market u.s: Meanwhile, the S&P 500 index SPX, 0.03% lost less than a point, or 0.01%, to 2,978.43, and the Nasdaq Composite Index COMP, -0.04% shed 15.64 points, or 0.2%, to 8,087.44, according to Market Watch. At session highs, the Dow rose 103.37 points, or 0.4%, the S&P was up 9.36 points, also 0.3% and the Nasdaq added 48.2 points, or 0.6%. What's driving the market U.S. stocks saw choppy trade Monday as investors weighed Beijing and Washington's plan to renew talks next month, and as investors anticipated stimulus from global central banks. How are the major benchmarks performing The Dow Jones Industrial Average DJIA, 0.28% rose 38.05 points, or 0.1%, to 26,835.51, recording its fourth straight gain, matching a similar win streak ended July 15. There's a belief that there will be a meeting between the U.S. and China sometime in October, though we don't have a date or agenda yet, Randy Frederick, vice president of trading and derivatives at the Schwab Center for Financial Research told Market Watch. He said that while hopes for further monetary stimulus may be boosting confidence among some investors, but the fact that we're this close to an all time high puts us in a dangerous situation and makes the market vulnerable to a pullback. It's a fairly thin proposition, Frederick said, adding that given the apparent differences in negotiating positions between the U.S. and China, I'm having a difficult time imagining a real trade agreement. (news.financializer.com). As reported in the news.

stock price: Trading volume ballooned to 117.9 million shares, compared with the full-day average of about 28.8 million shares, and enough to make the stock the most actively traded on major U.S. exchanges, according to Market Watch. In a letter to AT&T's board of directors, Elliott Management said it believes the stock's underperformance relative to the S&P 500 SPX, 0.03% over the past decade has left the company deeply undervalued. The stock T, 2.15% ran up as much as 5.2% intraday before paring gains to close up 1.5% at 36.79, which was the highest close since March 16, 2018. Elliott said it's four-part value-creation plan Activating AT&T Plan could create an opportunity to boost the stock price to above 60 by the end of 2021, which would take the stock above the July 16, 1999, record close of 59.19. Elliott disclosed in the letter that it owned a 3.2 billion stake in AT&T, which it appears to have acquired within the past three months. That would represent a gain of more than 65.5% from Friday's closing price of 36.25. (news.financializer.com). As reported in the news.

i ll: An indictment taken by the Oslo Attorney General's Office said the perpetrator knocked on the victim's apartment door brandishing a shotgun, according to The Independent. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. Prior to the attempted robbery, the victim had allegedly boasted about making a fortune through investing in bitcoin and other cryptocurrencies, Norwegian broadcaster TV2 reported. You can form your own view. Subscribe now When the victim opened the door the robber said lie down, or I'll shoot but instead the victim decided to jump from his balcony. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

oshodi: But alone, he was shaken, according to The Guardian. I was absolutely terrified, he says. Oshodi, now 53, has a calm and meditative presence. But I was absolutely sure I wouldn't let them burn the houses. He had just finished fitting a skylight in his home-to-be in Nubia Way a row of 13 timber frame chalets being gradually assembled by members of the city's first black self-build housing co-operative. That evening, in June 1996, Oshodi was packing up his tools. (news.financializer.com). As reported in the news.

knighthood: The CBEs for Timothy and Hill are likely to provoke the most criticism, as they left their jobs following May's disastrous 2017 election following anger about their abrasive manner towards MPs and staff, according to The Guardian. The former prime minister once famously gave a speech suggesting Cameron's decision to award a knighthood to his ex-communications director Craig Oliver made her want to be sick. May's resignation honours list heaps rewards on those who worked in Downing Street during her three-year tenure, despite her having previously poured scorn on cronyism under David Cameron. Her aides also briefed media in 2016 that she wanted to draw a line under the cronyism of the Cameron era, reserving honours for people for unsung heroes who have served their local communities. Three more of her long-term aides Stephen Parkinson, Liz Sanderson and Joanna Penn will be sent to the House of Lords. However, the former prime minister's list gives awards to at least 20 of her former advisers, including a knighthood for Robbie Gibb, her director of communications, and a peerage for Gavin Barwell, the former MP who was her chief of staff. (news.financializer.com). As reported in the news.

hustlers: But they won't rat him out, according to MSNBC. OSCAR BAIT Early reviews of Jennifer Lopez in Hustlers are glowing.NOAA. National Oceanic and Atmospheric Administration will investigate why agency issued a press release corroborating Trump's false claims about Hurricane Dorian. 'fluid', 300, 250 336, 280 ; VOLFEFE. JP Morgan creates index to determine how Trump's tweets are affecting interest rates This makes rough sense as much of the president's tweets have been focused on the Federal Reserve, and as trade tensions are broadly seen as, first and foremost, impactful on near-term economic performance and, likewise, the Fed's reaction to such developments, wrote the authors of the J.P. Morgan report.NEW CHALLENGER. Trump attacks Mark Sanford following presidential bid announcement. 'fluid', 300, 250 336, 280 ; but then he ran for Congress and won, only to lose his re-elect after I Tweeted my endorsement, on Election Day, for his opponent. When he does stupid stuff, people will mention it to others they consider confidants and not keep it totally secret, a trusted adviser to Falwell, the school's president and chancellor, told me. But now take heart, he is back, and running for President of the United States. FNS Fox News Fox News Sunday Fox News Sunday September 8, 2019BLOWN COVER. U.S. extracted spy from Russia over fears Trump would blow their cover A person directly involved in the discussions said that the removal of the Russian was driven, in part, by concerns that President Donald Trump and his administration repeatedly mishandled classified intelligence and could contribute to exposing the covert source as a spy. The Three Stooges, all badly failed candidates, will give it a go! Donald J. Trump real Donald Trump September 9, 2019Former South Carolina Governor Mark Sanford R announced exclusively on Fox News Sunday that he will challenge President Trump in the Republican primary. (news.financializer.com). As reported in the news.

sir: Sir Angus Deaton, the Nobel prize-winning economist who is leading a five-year review of inequality with the leading Institute for Fiscal Studies thinktank, said There is this feeling that contemporary capitalism is not working for everybody, according to The Guardian. There's a sense that London is gobbling up everything and there are cities that are doing OK, but there are large parts of the country where that's not the case at all. While growth powered ahead in the second half of the 20th century, and resumed more fitfully after the 2008-09 financial crisis, there have been major winners and losers from the wealth generated. There are a host of causes, including fiscal policy, technology, globalisation, deregulation, education, emasculation of trade unions and austerity. According to the International Monetary Fund, the balance has been redressed more recently, reflecting strong growth in many developing nations, particularly China and India. What about globally During the 19th and for much of the 20th century, inequality between countries rose dramatically as the world's most advanced economies pulled ahead from poorer nations. (news.financializer.com). As reported in the news.

companies individuals: Companies and individuals are becoming increasingly aware of environmental protection, according to Global Times China. The Fortune Global Sustainability Forum 2019 was held from Wednesday to Friday in the city of Yuxi, Southwest China's Yunnan Province where nature and biodiversity are well-preserved. China has been pushing to step up its sustainable development with new measures such as garbage sorting. On the sideline of the forum, Vanessa Wright Wright vice president for Sustainability and Responsibility at Pernod Ricard shared her thoughts on China's sustainable development and efforts in environmental protection in an exclusive interview with Global Times reporter Zhou Zheng GT . Plastic waste poses a threat to the environment. You are the keynote speaker of the session regarding the plastic economy. In the past 50 years, the usage of plastic has increased 20-fold. (news.financializer.com). As reported in the news.

konstantin kotov: That move, by the central election commission, sparked a movement which saw thousands turn out in the Russian capital in weeks of demonstrations last month, according to The Independent. On Sunday, after the largest protests that the capital has seen since 2011-12, Muscovites will finally go to the polls. And they didn't, much, until the opposition was barred from taking part. But the fallout from the contested vote is likely to be just as bitter as the run-up. His crime was merely having attended five unsanctioned rallies, a violation that used to merit an administrative charge at most. Friends of Konstantin Kotov, a political activist, chanted and wept in a courthouse last Thursday as he was jailed for four years. (news.financializer.com). As reported in the news.

end homelessness: The supplementary state aid fund, overseen by the Connecticut Coalition to End Homelessness, drew upon 600,000 in state money allocated by the state legislature and more than 338,000 provided by private donors, according to The Japan Times. Nearly all of it has been spent, administrators said. But aid at both levels has just about dried up, leaving Gonzales and many like her wondering what they are going to do next. ; Connecticut, which saw over 13,000 people arrive from the U.S. Caribbean territory after the hurricane hit in September 2017, was unique in providing almost 1 million in aid to help families after the Federal Emergency Management Agency's support ran out last year. The funding given was vital for me and allowed me not to become homeless, Gonzales said in Spanish, adding neither she nor her partner want to go back to Puerto Rico. But he said more needs to be done as families continue relocating amid a political and economic crisis in Puerto Rico. Over 1,200 people in Connecticut have been helped through the multi-organizational response to the hurricane, said Richard Cho, executive director of the coalition. (news.financializer.com). As reported in the news.

consumer debt: And retirees are increasingly staying in their homes rather than moving to retirement communities, according to Market Watch. They're also, however, breaking the mold in a potentially worrisome direction embracing debt. Swelling numbers of Americans these days are working in retirement, taking part-time jobs and launching businesses. The median total consumer debt of households headed by someone 65 or older in 2016 31,300 was 2 times what it was in 2001 and nearly 4 times the level in 1989. Credit card debt and student loans have increased, too. Some 60% of 65 households carried debt in 2016, up markedly from about 42% in 1992. (news.financializer.com). As reported in the news.

keyup listener: Dan Wiener brings more than 30 years of experience in the fund industry to his Independent Adviser for Vanguard Investors service, according to The Independent. Dan and his co-editor, Jeff DeMaso, are dedicated to bringing subscribers the secrets Vanguard doesn't share with the public. Search first keyup' ; ; listener ; ;No matching results for ''Tip Try a valid symbol or a specific company name for relevant results Cancel Sign in Mailif window.performance window.performance.mark && && Finance Techif window.performance window.performance.mark && && U.S. Markets open in 4 hrs 23 minsS&P window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && Easier Path to Millionsif window.performance window.performance.mark && && 9, 2019if window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && we share with you the first in a series of essays on ways investors can build their wealth not by relying on any individual stock to make them a millionaire but simply by choosing the right mutual fund investments. But at the end of the day, Dan and Jeff specialize in performing the analysis and explaining the market conditions that get their readers a better return on their money. Dan's knowledge and experience in the mutual fund marketplace provides insights you won't find anywhere else. Investor Place - Stock Market News, Stock Advice & Trading Tips Our goal at the Investor Place Digest is to help make you a smarter, richer investor. (news.financializer.com). As reported in the news.

pedophile financier: The decision comes after uproar following a New Yorker investigation into Epstein's financial ties to the Media Lab was published Friday night, according to The Independent. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. Joi Ito oversaw MIT's Media Lab until Saturday, when L Rafael Reif, the school's president, confirmed his resignation. You can form your own view. Subscribe now That story revealed much stronger fundraising relationship to the pedophile financier than was previously acknowledged, as well as efforts to conceal said relationship. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

apple: About 17.67 million shares traded, according to MSNBC. Apple Inc. The stock decreased 0.01% or 0.02 during the last trading session, reaching 213.26. AAPL has risen 12.18% since September 8, 2018 and is uptrending. Some Historical AAPL News 06/04/2018 Apple's Tim Cook MeToo, DACA activists and Parkland students are heroes'; 16/04/2018 Apple apparently designed a gold-colored version of the iPhone X but didn't release it; 18/03/2018 AAPL/ Live Squawk Apple Is Said To Develop Displays To Replace Samsung Screens -Apple Has California Facility For Producing MicroLED Screens -Apple MicroLED Plans May Hurt Suppliers Such As Sharp, LG Display ! AAPL; 01/05/2018 Apple announced its most expensive handset to date in September and struggled to meet initial orders; 18/04/2018 Macworld iPhone 2018 rumors Regulatory filing points to iPhone SE2's possible imminent release; 14/03/2018 Google, Apple face EU law on business practices; 26/04/2018 MEDIA-Apple discontinues its airport wireless routers Bloomberg; 24/04/2018 E-Commerce Global Markets to 2022 Leading Players are Alibaba, Amazon, Apple, JD and Walmart Research AndMarkets; 06/04/2018 Full transcript Apple CEO Tim Cook with Recode's Kara Swisher and MSNBC's Chris Hayes. It has outperformed by 12.18% the S&P500. (news.financializer.com). As reported in the news.

energy minister: He has been minister of state for energy affairs since 2017, according to The Guardian. The two brothers are not known to be close. The new energy minister is an older half-brother to the crown prince, Mohammed bin Salman, and an experienced oil industry figure in Saudi Arabia. It is the first time a member of the ruling Al Saud family has held the energy minister post in the world's top oil exporter. Prince Abdulaziz replaces Khalid al-Falih, who was removed just days ago as board chairman of the state-owned oil giant Aramco, a company that he once ran as CEO. Al-Falih, who was named energy minister in 2016, also had seen his cabinet portfolio diminished in a royal decree last week creating a new ministry of mining and industry, removing that sector from the purview of the energy ministry. The move, announced on Sunday, comes as Brent crude oil trades below 60 a barrel, well below the 80 to 85 a barrel that analysts say is needed to balance the Saudi budget. (news.financializer.com). As reported in the news.

industry: The mayor - the UK's global ambassador for its financial and professional services industry - will visit Perth, Melbourne, Canberra and Sydney, according to Nine News Australia. I'm looking forward to my visit to Australia, a country that is a natural partner for the City of London and the UK's financial services industry, Mr Estlin said in a statement on Monday. To improve your experience update it here News National Lord Mayor seeks Australian finance ties By AAP9 00am Sep 9, 2019Facebook Tweet Mail The Lord Mayor of London Peter Estlin is leading a business delegation to Australia aimed a strengthening financial sector links between the two countries. The UK's relationship with Australia is already very strong, but there is still so much more that we can achieve. Accompanying Mr Estlin on his visit is a delegation drawn from fintech, asset management and green finance sectors. As well as meetings with national and regional government leaders, he will also have talks with Australian Super and Macquarie Bank, while giving a speech at the two-day Australian Investment Council 2019 Conference on September 11 and 12. (news.financializer.com). As reported in the news.

job-creating projects: They will discuss job-creating projects with federal ministers and key policy makers in the nation's capital, according to Nine News Australia. The annual Facing North event provides industry leaders in the NT to further their economic opportunities. To improve your experience update it here News NationalNT businesses to talk jobs in Canberra By AAP3 31am Sep 9, Territory Chief Minister Michael Gunner will lead a delegation of more than 250 businesses to Canberra on Monday. Mr Gunner said northern Australia is key to securing the future prosperity for the country. Facing North is a strong demonstration of how Territory business, industry and government are working together to accelerate development of the North, he said in a statement. He intends to highlight the importance of opportunities in South-East Asia and China. (news.financializer.com). As reported in the news.

lab director: Internal communications and documents obtained by CNN first reported by the New Yorker show Epstein was integral to incoming donations from major donors, including US 2 million from Bill Gates and at least 5 million from Leon Black, the founder of private equity firm Apollo Global Management, according to Nine News Australia. Ito submitted his resignation yesterday as lab director and as a professor, according to a statement from MIT President L. Rafael Reif. To improve your experience update it here News World Top MIT official resigns in wake of explosive report he helped hide Jeffrey Epstein's name from donations By CNN5 00am Sep 9, 2019Facebook Tweet Mail Joi Ito, the director of the Media Lab at MIT, has resigned and the university is calling for an independent investigation following explosive allegations that he and at least one other person at the lab made efforts to make sure Jeffrey Epstein's name was not associated with donations he made or helped solicit. The director of MIT's Media Lab has resigned over allegations he helped hide Jeffrey Epstein's name from donations. Related ArticlesFBI examining malfunctioning cameras by Epstein cell'He knows exactly what he's done' Epstein victim wants Prince Andrew to talk Lawyer argues Epstein was 'a victim' as accusers vent anger in court As discussions continued about the funding for the researcher, the Director of Development and Strategy, Peter Cohen, sent an email to an undisclosed recipient, saying Jeffrey money, needs to be anonymous . CNN has reached out to Mr Cohen for comment. AP His statement referenced the New Yorker piece, saying because the accusations in the story are extremely serious, they demand an immediate, thorough and independent investigation . He asked MIT's general counsel to engage a prominent law firm to design and conduct this process . How lab director was in direct contact with Epstein Internal email exchanges show Mr Ito was in direct contact with Epstein about the late financier's donations, which documents show at one point were earmarked for a research scientist. (news.financializer.com). As reported in the news.

prince: He has held senior roles in the energy ministry for more than three decades and most recently was minister of state for energy affairs, according to The Japan Times. Despite now getting the top role overseeing Saudi Arabia's energy portfolio, Prince Abdulaziz is not known to be close to Prince Mohammed, the king's most powerful son and heir to the throne. The new energy minister is an older half brother to 34-year-old Crown Prince Mohammed bin Salman and replaces Khalid al-Falih, who'd been in the role since 2016. ; Prince Abdulaziz enters the job with a lifetime of experience in Saudi Arabia's energy sector and is seen as a safe and steady choice to lead the ministry, where he will oversee production of one of the world's largest oil exporters. His appointment marks the first time a Saudi prince from the ruling Al Saud family heads the important energy ministry. Al-Falih's position, from where he oversaw some 60 percent of the Saudi economy, had been diminished in recent days. The move comes as Brent crude oil trades under 60 a barrel, well below the 80- 85 range that analysts say is needed to balance the Saudi budget. (news.financializer.com). As reported in the news.

reserves: The increase in August suggested China is doing better than expected at hedging against financial risks, according to Global Times China. On August 5, the yuan slipped past the key psychological level of 7 per US dollar for the first time since 2008, spreading panic in the market. Economists polled by Reuters had expected that reserves would fall from July. One month later, the yuan maintained overall stability without the support of the government, with the central parity rate standing at 7.0855 on Friday. The increase of foreign currency reserves added to evidence of a solid economic base in China. The risk of a free fall is declining, and people's confidence is returning. (news.financializer.com). As reported in the news.

value chain: For us, China's not simply a large-scale consumer market, but also an important source of innovation as well as a major element of the industrial value chain, said Jochen Goller, president & CEO of BMW Group Region China, during a special session of the China Development Forum which concluded Saturday in Beijing, according to Global Times China. In the first seven months of this year, BMW saw car sales up 16.6 percent year-on-year to some 404,000 units in the highly-competitive Chinese market. A group of corporate giants' leaders gathered in Beijing over the weekend to discuss business prospects and voice their confidence in China for its position as an irreplaceable market and beyond. This strong performance is reinforcing our confidence to further grow with China, and as a result, BMW is taking decisive actions to significantly increase our investment as well as enlarge our footprint, Goller said. Our commitment is constantly evolving, from Production in China to Create in China, Goller said. The moves include fully upgrading research and development bases in China and enhancing cooperation with local enterprises such as China Unicom and Tencent in autonomous, connected, electrified and shared areas to better embrace the global auto industry's major transformation, he said. (news.financializer.com). As reported in the news.

week: Rates for 30-year home loans have only increased nine times so far this year otherwise, they have dropped or remained flat from week to week, according to Market Watch. The 15-year fixed-rate mortgage moved down 6 basis points to an average of 3.00%, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 3.49% during the week ending Sept. 5, down 9 basis points from the previous week, Freddie Mac FMCC, 42.80%reported Thursday. The 5/1 adjustable-rate mortgage averaged 3.30%, falling 1 basis point. Mortgage rates continued the summer swoon due to weaker economic data, Freddie Mac wrote. Mortgage rates roughly track the direction of the 10-year Treasury note TMUBMUSD10Y, -1.20% . The yield on the 10-year note has generally fallen since mid-August, though this week it began to show signs of a rebound amid growing optimism sparked by planned trade talks between the U.S. and China. (news.financializer.com). As reported in the news.

york prison: In a statement issued on Aug. 15, Ito apologized for his ties with Epstein, according to The Japan Times. While acknowledging receipt of financial aid from Epstein, Ito said, I was never involved in, never heard him talk about, and never saw any evidence of the horrific acts that he was accused of. Ito, a Japanese national, had been under pressure to step down following revelations he'd accepted financial assistance from Epstein, who committed suicide in a New York prison last month while awaiting trial on charges of sex trafficking. ; According to The New York Times, Ito received 525,000 from Epstein for the lab and 1.2 million for his own investment funds. Epstein, who had been found guilty of prostitution-related crimes, is known for his ties with political and business leaders, including Donald Trump before he became U.S. president. In 2011, Ito became the first Japanese national to be appointed director of the lab. The MIT Media Lab, set up in 1985, has Japanese companies as sponsors. (news.financializer.com). As reported in the news.

listings: Link Group said the returns recorded over the first half of the year were flattered by unusually large special dividends, but even on an underlying basis, the 571m total was 13.9% higher compared with the first half of 2018, according to The Guardian. A little under half of this increase was contributed by new listings. According to the latest Alternative Investment Market Aim dividend monitor from Link Group, investors are on target to pocket well over 1bn from Aim-listed firms for a second year despite the uncertainty surrounding Brexit. The figures are likely to fuel concerns that businesses are handing shareholders funds that should be set aside for investment. The Aim was launched in 1995 as a growth market dedicated to small and medium-sized companies. Unions are are also likely to be dismayed at the high level of profits set aside for shareholders when workers' pay remains subdued. (news.financializer.com). As reported in the news.