It is a question of pay for performance or pay by the hour. Amazon cut stock options incentive-based bonuses for employees when it raised its minimum wage to $15 per hour, but workers will be better compensated under the new policy. 350,000 employees, including 100,000 seasonal workers, will have their hourly pay rate raised to $15 per hour. (FBN)
Barnes & Noble is looking to sell their business after many people have approached them with interest. (CNBC)
Yamhill County winery, Domaine Serene Vineyards and Winery has filed a lawsuit to stop, Kansas City whiskey maker J. Rieger & Co, to stop using the brand name “Monogram”. The winery claims it secured its rights to be the sole user of Monogram in its industry after it registered the name with the U.S. Patent and Trademark Office in 2006. (Oregonian)
Costco reported fourth-quarter earnings per share of $2.36 on $44.41 billion in revenue, slightly higher than expected. (Yahoo)
A rare 60-year-old Macallan whisky fetched $1.1 million at an auction last week. (CNBC)
S&P 500 is up 0 and the NASDAQ is down 5. MSCI International index is lower.
Oil is down 99 cents at $73.34 a barrel.
Gold is down $8 at $1198 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.