Oil price hikes attract petroleum engineering grads
Oil and energy firms recruit heavily on Ohio campuses as prices rise. Marietta College reports all 14 petroleum engineering graduates received job offers before graduation. Shell recruiters court Ohio State students, hiring three graduates for roles in New Orleans and Houston. Signing bonuses reach $20,000 with starting salaries around $75,000 up from $65,000.
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Columbus
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Marietta College
Shell Oil Co
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Houston
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Madhus Kohli
Inflation squeezes working class as prices rise
Wall Street fears inflation driven by energy costs. Affected Americans Amy Lopez Sharon Conniley and Elmer Hunt Jr. reflect higher gas and grocery prices amid a 3.5 percent inflation rate and producer price gains of 5.6 percent. Markets retreat as bets on Fed rate hikes persist.
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Chicago
Wall Street
Amy Lopez
Eureka
Calif
Sharon Conniley
Duluth
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Diane Swank
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Labor Department
Sterling to repay overtime to 116820 workers in 34 states
Sterling Jewelers Inc the operator of Kay Jared and other stores has agreed to pay nearly 1.3 million in back overtime wages to 116 820 current and former employees. The average payment is 77 per worker covering violations dating from November 2 2003 to February 25. A consent judgment was filed in U.S. District Court Northern District of Ohio.
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Akron
Kay Jewelers
Jared Jewelers R
Ohio
Sterling Jewelers Inc
Sterling
Labor Department
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