Companies Offer Benefits But Not Raises

Once a staple of the American workplace, the annual raise is turning into a relic of the pre-crisis economy as companies turn to creative — and cheaper — ways to compensate their employees. More businesses are upping their spending on benefits such as one-time bonuses, health care and paid time off, according to recent survey data. Many are rolling out perks such as free gym membership, commuting subsidies, even pet health insurance....

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Google Stock Hits New High

San Francisco — Google’s stock reached its all-time high, after new Chief Financial Officer Ruth Porat signaled plans to bring more restraint to spending at the Internet search giant. Google shares rose 16 percent to close at $699.62 in New York on Friday, marking their biggest gain since April 2008. The advance added $65 billion to the company’s market value and put the stock up 30 percent this month. Profit and sales topped...

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Facebook Hires Yahoo’s Information Security Officer

Tech companies ask users to put a lot of faith in the security of their products — and Facebook has poached Yahoo’s chief information security officer to help keep that faith. Alex Stamos said in a Facebook post that he would start his new gig as the company’s chief security officer last week. “The Internet has been an incredible force for connecting the world and giving individuals access to personal, educational and economic...

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People in Business: June 28, 2015
Jun28

People in Business: June 28, 2015

Lake Sunapee Bank has announced the following officer appointments: William J. McIver, of Warner, N.H., has been promoted to senior executive vice president. McIver has been with the Bank since 1999 and has served as chief operating officer and executive vice president since June 2012. He continues to be the chief information officer, a position he has held since 2007. Laura Jacobi, of Springfield, N.H., has been promoted to executive...

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People in Business: May 3, 2015

Gregory D. Steverson, of New London, has been promoted to chief operating officer at Ledyard Financial Group. Steverson joined Ledyard in 2006 as executive vice president and chief financial officer. In his new position, Steverson’s responsibilities include investor relations, finance, compliance, facilities, operations and information technology. He has more than 20 years of experience in financial service businesses and is a...

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