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Coal India signs salary increase deal

Bloomberg Coal India Ltd. signed an agreement with workers unions to raise salaries of its non-executive staff, ending months of negotiations over the increase that affects pay until 2021. The state-run miner will incur an average annual cost of $868 million because of the rise, it said in a stock exchange filing. The increase will be effective for five years ...

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SoftBank’s Son bounces back after losing $70bn

Bloomberg At the height of the dot-com bubble in late 1999 and early 2000, Masayoshi Son’s net worth was surging by $10 billion a week. For three days, he was the richest person in the world, Son said. But before Son had a chance to tell anyone, SoftBank Group Corp. crashed. The company’s shares plunged 75 percent in two months ...

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Amazon’s grocery grab squeezes supermarkets

Bloomberg ­­­­­­­­­­­­­­­ Just over a month after Amazon.com Inc. ate Whole Foods, the shakeout in the American grocery aisle keeps getting uglier. The latest sign of trouble: Private-equity giant Apollo Global Management recently tossed a $50 million lifeline to Fresh Market, the struggling high-end chain it took private only 17 months ago. It will only get worse from here, analysts ...

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