Morning Business Headlines
Tuesday, July 16, 2013 11:00 AM
Employers to raise worker pay by 2.9 percent next year
CNNMoney.com reports that employers are anticipating increasing worker salaries by an average of 2.9 percent in 2014, just marginally better than the 2.8 percent boost they gave this year, according to an annual survey by consulting firm Mercer.Read more.
Goldman Sachs profit doubles on stronger bond trading
Reuters reports that Goldman Sachs Group Inc.'s quarterly profit doubled, beating Wall Street estimates by a wide margin. Goldman's net income rose to $1.86 billion, or $3.70 per share, in the second quarter from $927 million, or $1.78 per share, in the same quarter last year. Read more.
Improved earnings expected as Yahoo's Mayer hits one-year milestone
MarketWatch reports that Yahoo Inc. is expected to report improved earnings on relatively flat revenues for the second quarter on Tuesday afternoon, as the company also marks Marissa Mayer's first year as chief executive. Read more.