Nathan's Feed
Apr 20, 2015

Union seeks labor board injunction over Wal-Mart store closings

By Nathan Layne

(Reuters) – A union working on behalf of Wal-Mart employees laid off in the sudden temporary closure of five stores filed a claim on Monday to the National Labor Relations Board accusing the retailer of retaliating against workers for organizing activity and seeking to get them rehired.

Wal-Mart Stores, which announced last week that it was temporarily closing five stores in Texas, Oklahoma, Florida and California to fix plumbing issues, denied the union’s claims. It said it would work to reopen the stores, which employed about 2,200 people, as quickly as possible.

Apr 18, 2015

Workers claim Wal-Mart closed California store in retaliation

By Nathan Layne

(Reuters) – Some employees accused Wal-Mart Stores Inc
on Friday of closing a location in the Los Angeles area
for six months in retaliation for workers demanding for better
wages and benefits.

The largest U.S. retailer denied the accusation, saying it
was temporarily closing five stores in four states to address
recurring plumbing problems. The closures include a location in
Pico Rivera, California, that has been a center of protests by
workers in recent years.

Apr 17, 2015

Wal-Mart shuffles U.S. store management to improve sales

By Nathan Layne

(Reuters) – Wal-Mart Stores Inc said on Friday it would eliminate the position of zone manager in its U.S. stores while adding up to 8,000 new department heads as part of an overhaul of its store operations.

There are about five zone managers in each of Wal-Mart’s 3,407 supercenters, and those employees will be reassigned to department manager or assistant manager positions, spokesman Kory Lundberg said.

Apr 15, 2015

Insight – Union spends big on low-wage campaign, endgame unclear

By Nathan Layne and Lisa Baertlein

(Reuters) – Tens of millions of dollars and counting. That’s how much the Service Employees International Union (SEIU) has spent so far on a three-year campaign to improve the plight of low-wage retail and fast-food workers, an analysis of public filings shows.

    The money, which has gone to labour groups, lawyers and others involved in the effort, has provided financial firepower for a movement that has made surprising progress in its push for lifting wages, successfully making the issue part of the public conversation.

Apr 15, 2015

Union spends big on low-wage campaign, endgame unclear

April 15 (Reuters) – Tens of millions of dollars and
counting. That’s how much the Service Employees International
Union (SEIU) has spent so far on a three-year campaign to
improve the plight of low-wage retail and fast-food workers, an
analysis of public filings shows.

The money, which has gone to labor groups, lawyers and
others involved in the effort, has provided financial firepower
for a movement that has made surprising progress in its push for
lifting wages, successfully making the issue part of the public
conversation.

Apr 2, 2015

Analysis – Wal-Mart support of gay rights turns on business

CHICAGO (Reuters) – The chief executive of Wal-Mart Stores (WMT.N: Quote, Profile, Research) has emerged as an unlikely voice for gay rights after the Arkansas state governor heeded his call on Wednesday to reject a much-criticized bill.

But the decision by Doug McMillon to speak out against the “religious freedom” bill reflects more than a decade of evolving policy by the retailer on the issue of gay and lesbian rights, and follows a pattern of taking stands on some social issues when it makes business sense to do so.

Apr 2, 2015

Wal-Mart support of gay rights turns on business

CHICAGO (Reuters) – The chief executive of Wal-Mart Stores has emerged as an unlikely voice for gay rights after the Arkansas state governor heeded his call on Wednesday to reject a much-criticized bill.

But the decision by Doug McMillon to speak out against the “religious freedom” bill reflects more than a decade of evolving policy by the retailer on the issue of gay and lesbian rights, and follows a pattern of taking stands on some social issues when it makes business sense to do so.

Mar 30, 2015

SEC says Wal-Mart can omit shareholder proposal on staff ‘engagement’

By Nathan Layne

(Reuters) – Wal-Mart Stores Inc said it would omit a
shareholder proposal that sought to link executive pay to a
measure of staff motivation from a vote at its annual meeting in
June after the U.S. securities regulator ruled in the retailer’s
favor.

The proposal was submitted by Connecticut Treasurer Denise
Nappier in December. It called for a measure of “employee
engagement” to be used in tandem with financial metrics in
determining the pay of senior executives.

Mar 21, 2015

SEC to allow shareholder vote on Wal-Mart independent chairman

By Nathan Layne

(Reuters) – Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) shareholders will vote in June at the company’s annual meeting on electing an independent board chairman, after U.S. regulators rejected a request by the retailer to block the proposal.

Efforts the past two years were unsuccessful to unseat current board Chairman Rob Walton, scion of the billionaire family that founded the world’s largest retailer.

Mar 19, 2015

Exclusive: Japan tax agency, Hong Kong join FBI in reviewing Universal casino payments – sources

TOKYO/BILOXI, Mississippi (Reuters) – Japan’s tax authorities have begun a review of how slot machine maker and casino developer Universal Entertainment (6425.T: Quote, Profile, Research, Stock Buzz) accounted for $40 million in payments made in 2010 to an associate of the Philippines’ top gambling regulator at that time, people with knowledge of the matter told Reuters.

Separately, the payments are also a focus of a previously undisclosed criminal investigation by Hong Kong’s Independent Commission Against Corruption, sources said. The ICAC has become involved because the transfers under review passed through bank accounts based in Hong Kong, those people said.