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May 26, 2016 - 48 minutes ago

NEW YORK — CEOs at the biggest companies got a 4.5 percent pay raise last year. That’s almost double the typical American worker’s, and a lot more than investors earned from owning their stocks — a big fat zero.

The typical chief executive in the Standard &...


New-home sales jump to highest level in more than 8 years

May 25, 2016

WASHINGTON — Americans ramped up their purchases of new homes in April to the highest level since January 2008, evidence of a strong start to the spring buying season.

The Commerce Department said Tuesday that new home sales jumped 16.6 percent last month to a seasonally adjusted...


Bayer makes $62 billion offer for Monsanto

May 24, 2016

BERLIN — German drug and chemicals company Bayer AG announced Monday that it has made a $62 billion offer to buy U.S.-based crops and seeds specialist Monsanto.

The proposed combination would create a giant seed and farm chemical company with a strong presence in the U.S., Europe...


Overtime rules force small firms to make choices

May 23, 2016

NEW YORK — The government's new rules requiring overtime pay for millions of workers have small business owners facing some hard choices.

The regulations issued Wednesday by the U.S. Labor Department would slightly more than double — from $455 to $913 per...