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Wal-Mart cutting back on healthcare coverage for new employees
New York City -- Wal-Mart Stores is cutting back healthcare coverage for new part-time workers and significantly raising premiums for many new full-time associates, the New York Times reported. It is a major turnaround for the retailer which, a few years back, under heavy criticism that many of its 1.4 million workers could not afford or did not qualify for coverage, expanded coverage for employees and their families. The move generated of flurry of positive publicity.
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Former personal care company exec joins OfficeMax board
NAPERVILLE, Ill. — OfficeMax announced that V. James Marino has been elected to serve on the company's board of directors.
"We are delighted to welcome Jim to the board of OfficeMax," said Rakesh Gangwal, chairman of OfficeMax. "He brings significant expertise, insight and years of experience as a successful business leader, and we will benefit from having his perspective on the board."