Walmart is raising its minimum wage and handing out tax cut bonuses

Walmart is raising its minimum wage and handing out tax cut bonuses

Sam's Club, a unit of Wal-Mart Stores Inc., closed a series of stores following a review, the membership-only store chain said in a tweet on Thursday.

The Connecticut stores are slated to close to the public as of January 26, according to the letter.

"Sam Walton, his dream, his vision is to make Walmart a better place, to make families happy, and to make the employees happy and to make everyone satisfied".

The Union County Freeholder Board through its social service and re-employment agencies is offering assistance to any Union County resident who was laid off by Sam's Club Store closings.

On Thursday evening a press release was issued in which Walmart, the owner of Sam's Club, said that 12 of the 63 stores would be converted to fulfillment centers.

"We've made a decision to right-size our fleet and better align our locations with our strategy, " he wrote.

Walmart is suddenly shuttering dozens of its Sam's Club stores, the company said Thursday - the same day it announced it would improve its employees' wages and benefits because of the tax bill President Donald Trump signed in December.

Inc. All rights reserved. This material may not be published broadcast rewritten or redistributed
Inc. All rights reserved. This material may not be published broadcast rewritten or redistributed

Several Sam's Club locations have closed across the country, including one in Baton Rouge at the Cortanna Mall, according to WBRZ who spoke with a Sam's Club Corporate spokesperson.

Axer said in the letter all separated employees have the opportunity to apply for open positions at other Sam's Club or Walmart locations.

The wage increase will take effect in February and will add about $300 million to what already was included in next fiscal year's plan, according to Walmart.

"It's allowing them to focus on things that are working", Simon said on "Closing Bell". Employees are also getting a one-time bonus of up to $1,000.

Although Wal-Mart's move lifts its overall starting USA wage from $10 an hour (after workers take a training course), the increase matches what's already the minimum wage in California.

The expanded parental leave policy would provide full-time hourly workers with 10 weeks of paid maternity leave and six weeks of paid parental leave.

Nextera Energy Inc (NYSE:NEE) 2017 Q3 Sentiment Report
Bokf increased its stake in Nextera Energy Inc (NEE) by 12.47% based on its latest 2017Q3 regulatory filing with the SEC. Deutsche Bank has "Buy" rating and $30 target. (NYSE:MXL) earned "Buy" rating by Stifel Nicolaus on Tuesday, February 9.

Related News:

  • McSally embraces Trump in Arizona Senate bid

    McSally embraces Trump in Arizona Senate bid

    The Republican congresswoman hopes to come out on top in a crowded field of candidates to fill the seat being vacated by Sen. Over the past month, McSally has sent out photos of herself with the president and with first daughter Ivanka Trump....
    DeAndre Jordan (ankle) listed as questionable Saturday in Los Angeles

    DeAndre Jordan (ankle) listed as questionable Saturday in Los Angeles

    They are one game below.500 and could reach that point with a win over the Kings on Saturday afternoon at Staples Center. The teams meet for the final time Saturday, so the Kings better figure out something to slow the Clippers down.

    Stock under Discussion: Teekay Offshore Partners LP (TOO)

    The stock of Teekay Offshore Partners L.P. (NYSE:TOO) earned "Underperform" rating by Bank of America on Thursday, December 17. The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, "The Little Book that Beats the Market".
  • Mary J. Blige Receives Star On Hollywood Walk Of Fame

    Mary J. Blige Receives Star On Hollywood Walk Of Fame

    Also, Andre said that since Mary was introduced as the queen of hip-hop and soul music on Soul Train, she has held that title. The nine-time Grammy-winning singer has been getting lots of award nominations for acting in the film " Mudbound ".
    FDA Pulls Pediatric Indications For Opioid Cough And Cold Medicines

    FDA Pulls Pediatric Indications For Opioid Cough And Cold Medicines

    Experts say parents should always read labels before giving their children any medicine, even if it's purchased over the counter.

    Olympic detente eases North Korean tensions

    However, it's thought South Korea's Foreign Minister Kang Kyung-wha will hold bilateral talks with Tillerson ahead of the Vancouver meeting.
  • Scientists criticise trend for raw meat pet food after analysis finds pathogens

    Scientists criticise trend for raw meat pet food after analysis finds pathogens

    Pet owners who are interested in raw meat-based diets should talk to a professional rather than feeding their pets uncooked meat. Four products (11%) contained the parasite Sarcocystis cruzi and four contained Sarcocystis tenella.
    Zac Brown Band Announces Target Field Concert Date

    Zac Brown Band Announces Target Field Concert Date

    The Atlanta-based country music band's concert is set for Friday, June 22, in Hersheypark Stadium . In 2010, the Zac Brown Band won a Grammy for best new artist, their first of three Grammys.
    Bella and Gigi Hadid share devastating photos from their flooded hometown

    Bella and Gigi Hadid share devastating photos from their flooded hometown

    The 21-year-old also vowed to help those affected by the disaster, asking her followers to "please send websites for donations". In her Instagram post, Bella said she remembers a similar storm years ago, recalling how hard it was to rebuild afterward.
  • IDC: Q4 PC shipments rise for first time in six years

    IDC: Q4 PC shipments rise for first time in six years

    For the year, 2017 PC shipments surpassed 262.5 million units, a 2.8 percent decline from 2016, according to Gartner's research. In third place, Dell shipments lifted 0.7 percent in Q4, with its market rising to 15.2 percent form 14.7 percent.
    German SPD chief says nonetheless

    German SPD chief says nonetheless "large hurdles" to clear in…

    It seems likely that Merkel, a known quantity for investors and a firmly pro-European politician, will remain chancellor. He reluctantly reconsidered after Merkel's coalition talks with two smaller parties collapsed in November .
    France blames Lactalis, retailers in baby food scare

    France blames Lactalis, retailers in baby food scare

    France's finance minister has threatened to levy sanctions after major supermarkets admitted selling possibly contaminated baby milk .


Most liked

North Carolina Asks Court to Halt Congressional Map Change
Senate Republicans issued a press release this week urging the people behind the suit based on state law to drop the case. In the 2016 election, slightly less than half of the state's voters cast ballots for Democrats in elections for the U.S.

Wolff: I don't 'feel good about' Bannon's ouster from Breitbart
Or, alternatively, whether Trump stays popular and reembraces Bannon, which is always a possibility with Trump. Trump said "we'll see what happens" when asked if he'd provide an interview to Mueller's team.

"Fahrenheit 451" EP on Bradbury Classic's Relevance Today: "We Asked for This"
Finally, we have a photo of Sofia Boutella as Clarisse, an informant who "gets caught between the competing interests of Montag and Beatty".

ANC Denies Reports About President Zuma's Demands For Stepping Down
At the meeting, ANC members said they did not discuss any action to have Zuma step down. This is according to the Mail & Guardian ‚ quoting ANC insiders.

Narwhal Capital Management Has $5.32 Million Stake in Cisco Systems, Inc. (CSCO)
BMO Capital Markets maintained Tourmaline Oil Corp. (NASDAQ: CSCO ) earned "Buy" rating by Deutsche Bank on Thursday, November 16. BHATT PRAT sold $821,900 worth of Cisco Systems, Inc. $32,321 worth of The Boeing Company (NYSE:BA) was sold by Downey Thomas J.

IMI (IMI) Stock Rating Reaffirmed by Citigroup
About 14.71M shares traded or 70.31% up from the average. boohoo.com plc (LON:BOO) has 0.00% since January 11, 2017 and is. The firm has "Buy" rating by Peel Hunt given on Wednesday, September 27. (NASDAQ:OSTK) rating on Wednesday, September 6.

Sens. Cotton and Perdue: No recollection of Trump making inflammatory immigration comments
Both Cotton and Perdue were in the Oval Office meeting in which Trump allegedly made those remarks, and Durbin said he heard them. Georgia's other Republican senator, Johnny Isakson, was not at the meeting.

Express Scripts Holding Co (NASDAQ:ESRX): Institutional Investors Are Worried
BidaskClub raised Express Scripts from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 22nd. Moreover, Washington Tru Natl Bank has 0.03% invested in Express Scripts Holding Company (NASDAQ: ESRX ) for 3,369 shares.

Tom Brady Starts His Own Facebook Video Series
Bonus material: The coach also has a good relationship with exiled Brady trainer/guru/business partner Alex Guerrero . They'll have to do it again this week as they prepare for their divisional round matchup with the Tennessee Titans .

Paige's WWE in-ring career is over
It's insane to think that we may never see Paige in a wrestling ring again, and I can't stress how bad this news is. She said: "It's incredible, I obviously want to go down in history as someone who managed to change the division".

Leonardo DiCaprio Signs On For New Quentin Tarantino Film on Charles Manson
According to Deadline , the Manson movie will be an ensemble movie (Tarantino's specialty) similar to his hit film Pulp Fiction . Whatever #9 is about, and whatever role Leo plays in it, it's looking as if Tarantino's new effort is set to blow our minds.

Get people from Norway, not sh**hole countries
Another official said Trump expressed to aides within the hour that the media was blowing his comment out of proportion. The sources spoke on condition of anonymity because they weren't authorized to publicly describe the conversation.

How Many Rio Tinto plc (NYSE:RIO)'s Analysts Are Bearish?
Bernstein reiterated an "overweight" rating on shares of Rio Tinto PLC in a research report on Saturday, January 14th. The company's stock had a trading volume of 3,752,090 shares, compared to its average volume of 3,310,000.

Noble Financial Reaffirms Buy Rating for Kratos Defense & Security Solutions (KTOS)
Huntington Commercial Bank invested 0% in NRG Energy, Inc. (NASDAQ:TTWO). 47,637 are held by Employees Retirement Systems Of Ohio. Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) traded down $0.42 during mid-day trading on Friday, hitting $11.29.

Nikki Haley: Pakistan playing 'double game' for years
He said Pakistan would respond to any actions taken by the USA government against Pakistan, although he was not specific. In contrast to recent visits by U.S.