Business

U.S. Senate referee says Democrats cannot include $15 minimum wage in COVID bill

WASHINGTON (Reuters) – In a blow to Democrats, the Senate parliamentarian ruled the chamber cannot include President Joe Biden’s proposed $15-an-hour minimum wage in a $1.9 trillion coronavirus bill the party aims to pass without Republican votes, lawmakers said on Thursday.FILE PHOTO: The sun rises on the U.S. Capitol dome before Joe Biden’s presidential inauguration […]

Business

Fulton Hogan to keep $33m wage subsidy despite bumper profit, shareholder dividends

Engineering and civil construction giant Fulton Hogan will retain about $33.3 million received from the wage subsidy scheme, despite recording a bumper $211m net profit for the year to June 2020. The privately owned company said it wished to maintain a conservative financial position amid global and local uncertainties. The strong result – up 27.7 […]