AT&T would pay a special $1,000 bonus to more than 200,000 AT&T USA employees - all union-represented, non-management and front-line managers.
And Fifth Third Bancorp., a regional bank based in Cincinnati, said it would boost its minimum wage for all of its almost 3,000 hourly employees to $15 as well as distribute a one-time bonus of $1,000 for more than 13,500 employees. Not to be outdone, its rival, Comcast Corp. also announced $1,000 bonuses for workers and plans for $50 billion in capital spending over the next five years. Not just that, the company is also celebrating because of Republicans' tax reform bill that passed in the Senate and House and gives wealthy Americans and corporations substantial benefits. If this time around that also means some extra money in workers' pockets, all the better.
A spokesman for Wells Fargo bank on Thursday made a mistake when he told the Los Angeles Times that pay hikes announced by the bank were not connected to the GOP tax bill.
Idaho is fastest-growing state
Texas tallied the biggest numeric growth with its population increasing by almost 400,000 residents in 2017. That represents 1% of the Cowboy state's total population and the largest percentage decline in the country.
"If these companies had wanted to make these investments in their workforce, they could have done it before now", Gardner said. The Justice Department is now suing to block a proposed $85 billion merger between AT&T and Time Warner, a deal Trump has objected to as "not good for the country". Boeing successfully pushed the Trump administration to slap heavy trade tariffs on Canadian rival Bombardier Inc., but that commercial war is starting to backfire. Major government contractor Boeing said it will provide an additional $300 million for job-training, facility upgrades and charitable giving.
Neither Boeing nor AT&T is exactly short on funds. Analysts at Goldman Sachs estimate that the tax cuts would add $3.7 billion to its annual net income. It has already spent more than $30 billion on share repurchases since 2013, Bloomberg News calculated.
"Congress, working closely with the President, took a monumental step to bring taxes paid by USA businesses in line with the rest of the industrialized world", said AT&T CEO Randall Stephenson in a statement, adding that his own company would invest in its employees.
Isaiah Thomas set for possible Cavs debut against the Boston Celtics
Thomas is then expected to play a scrimmage with the Charge, either in Cleveland or in Canton, at some point this week. Thomas aggravated an existing hip injury in last season's playoffs and has been recovering throughout the offseason.
Total employment at Boeing has been declining over the past few years.
But neither one of those AT&T announcements said what the exact level of investment would have been if the tax bill wasn't passed. But these pay increases are more permanent than one-time payouts and could have a more meaningful effect as far as boosting economic growth.
The bank has also been in Trump's sights after employees created fraudulent customer accounts that led to a $100 million fine by the Consumer Financial Protection Bureau.
Gorsuch Basically Wrote a Love Letter to President Trump After SCOTUS Nom
The letter was produced for Trump and he took a look at it on March 10, according to legislative affairs director Marc Short. Another day, another tweet from President Donald Trump , another shot at the "FAKE NEWS" media.