S&P Global expects busy 2017 for mergers and acquisitions
NEW YORK — 2017 will be another busy year for merger and acquisition activity in the U.S., S&P Global Ratings stated in its latest report.
President Trump’s plans for lower corporate taxes, repatriation of cash held abroad, and a most business-friendly climate bode well for deal making, S&P wrote in its new report, “New Administration Could Spur M&A Activity, But Antitrust Regulation is Not Going Away.”
However, the financial ratings agency stressed it is uncertain how antitrust policy will be implemented in the new administration. “Even under a holistically less-stringent regulatory backdrop, antitrust enforcement will likely remain a hindrance to specific large transactions. The recent federal judge ruling blocking the Aetna-Humana merger is an example.
More information about the report can be found here.
Albertsons announces big strides since Safeway merger
Walmart to give new employees pay increases sooner
BENTONVILLE, Ark. — The labor market for workers appears to be improving.
Walmart confirmed to media outlets it will speed up the time it takes for new employees to complete a training program and subsequently increase their pay.
The retail two years ago implemented a $9 per-hour minimum wage and last year unveiled a six-month training program called Pathways. Once this program was completed, pay was increased to $10 per hour.
However, based upon feedback, Walmart will now shorten this salary increase wait time to 90 days. A company spokesperson told CNBC the change is being as new employees were able to master the aspects of the Pathways training course more quickly than expected.