Americans prefer low prices over Made in USA labels
An Associated Press-GSK poll finds most Americans favor cheaper goods even if made abroad, with 67 percent choosing lower price pants over a more expensive U.S. made pair. The survey notes workers face wage restraint and shifting job prospects amid global markets and trade debates.
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McDonald’s Targeted by Wage Protests Worldwide
Activists demanding 15 dollar hourly pay and union rights rallied at McDonald’s locations across the U S and Paris Paris with about 100 protesters outside a Disneyland McDonald’s and others planned in Boston Chicago Los Angeles and Miami The Fight for 15 campaign backed by SEIU began in 2012 and aims to press McDonald’s to set economic pay norms while McDonald’s works to revive sales and franchise relations.
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Banks face slim profits as low rates bite energy loans
Major U S banks start 2016 with weak oil tied loan losses and volatile markets. Wells Fargo holds about 40.7 billion in oil and gas exposure, while JPMorgan Chase and Bank of America boosted provisions for energy loans. Consumer banking remains resilient, with JPMorgan posting higher net income and deposits growth.
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Microsoft Sues U S over Data Demands Without User Notice
Microsoft sues the U S over a federal privacy law that lets authorities view emails photos and financial data without notifying users. The case challenges nondisclosure orders under the Electronic Communications Privacy Act arguing they violate free speech and user protection.
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