Worst companies for Employees

24/7 Wall St. has listed the worst companies to work for. 24/7 Wall St. based their list from data on jobs and career website Glassdoor. They have compiled and analyzed data on more than 400,000 companies worldwide.

The average company rating on Glassdoor is 3.2 out of 5. 

Here are the 12 U.S. companies that are worst for employees:

12. CVS Health (CVS) - Rating: 2.7
11. Computer Sciences Corporation (CSC)  - Rating: 2.7
10. Dollar General (DG) - Rating: 2.7
9. Ross Stores (ROST) - Rating: 2.7
8. DISH Network (DISH) - Rating: 2.6
7. AECOM (NYSE:AECOM) - Rating: 2.6
6. Sears (SHLD) -  Rating: 2.5
5. Xerox (XRX) - Rating: 2.5
4. Forever 21 - Rating: 2.5
3. Kmart (SHLD) - Rating: 2.5
2. Dillard’s (DDS) - Rating: 2.4
1. Express Scripts (ESRX) - Rating: 2.3

Asia Pacific Overtake Europe in Wealth and is Expected to Hold 1/3 of Global Wealth in 2019

The Asia-Pacific region has overtaken Europe in the area of private financial wealth in 2014. The Boston Consulting Group estimated that East and West Europe holds a private wealth of $42.5 trillion, while the Asia-Pacific (Japan not included) is growing at a fast pace and now holds $47.3 trillion. They are also expected to ave more than one-third of the $222 trillion global total by 2019.

Asia-Pacific (Japan not included) will surpass the North America's private financial wealth by 2016.

BCG's estimate of total financial wealth:

1. North America: $50.8 trillion (+5.6%)
2. Asian-Pacific (Japan not included): $47.3 trillion (+29%)
3. Western Europe: $39.6 trillion (+6.6%)
4. Japan: $14.3 trillion (+2%)
5. Middle East and Africa: $5.7 trillion (+9.4%)
6. Latin America: $3.7 trillion (+10.5%)
7. Eastern Europe: $2.9 trillion (+18.8%)

Los Angeles increase minimum wage to $15 per hour

Los Angeles Mayor Eric Garcetti, with members of the City Council and community leaders in attendance, signed into law an ordinance that will slowly increase the minimum wage to $15 an hour by 2020 at Martin Luther King Jr. Park in Los Angeles, on Saturday, June 13, 2015. It makes the Los Angeles the largest city in the U.S. to gradually raise the minimum wage to $15 per hour.

With the law, Los Angeles minimum wage will increase gradually:

July 2016 - from $9 to $10.50
Then yearly increase of $12 (2017), $13.25 (2018), $14.25 (2019)and $15 (2020).

Small businesses and nonprofits organization will have an extra year to phase in the increases.

Brace Yourself Health Insurance Companies are Seeking Rate Increases up to 27%

For Arizona residents who purchase their own health insurance maybe in for a big surprise next year they are faced up to 27% rate increase. Health Insurance companies said that the increase reflect the higher medical expenses of their customers. They have filed the necessary paperwork with the state and federal regulators to increase the premiums by 11 to 27% for 15 individual plans sold on and off the Affordable Care Act marketplace.

The proposed rate hikes will not affect most Arizonans who get health insurance through an employer or a government-sponsored health plan such as Medicare, Medicaid or Veterans Affairs.

Full story here

Health Insurer Humana Thinking of Selling

Health Insurance company Humana Inc is thinking of selling the company after it received multiple expressions of takeover interest, this could set off a round of mergers in the health care industry as it grapples with the hurdles and opportunities caused by the federal health-care overhaul.

Companies are pressured to cut costs and look for other ways to gain profit from the potential new customers because of the Affordable Care Act. Experts expected that big health insurance companies will merge to give them more opportunities to compete.

Humana is headquartered in Louisville, Kentucky. Majority of its income is from its business administering the private version of the federal Medicare program. The company prized because of its powerful Medicare franchise, which is on the uptrend as baby boomers age into eligibility and opt for these plans, known as Medicare Advantage.

Los Angeles Votes 14-1 for $15 minimum wage

The Los Angeles City Council voted last Tuesday 14-1 in favor of the $15 minimum wage increase, after they hear the statements of residents for and against the plan. There are about 700,000 people earning minimum wage in Los Angeles, the city also has the highest housing costs in the country. Los Angeles will be the 2nd largest city to increase the minimum wage to $15 from $9.

The measure will be sent to the city attorney to prepare a wage ordinance. That ordinance will then go to a council committee and if it get pass it will go to the full council for a final vote and then to Mayor Eric Garcetti.

This will require businesses with more than 25 employees to meet the $15 pay level by 2020, while smaller businesses would have an extra year to comply.

Now you can Track Your Pizza Using Pizza Hut app

Can't wait for your Pizza deliver? You can now track it real time using the new Pizza Hut app, you no longer have to ask "Where's my pizza?" They are calling it "Pizza Navigation System" and it runs like Uber's tracking app. The customer will have the ability to track the location of the delivery guy's vehicle on a map on the way to the customer's location.

Pizza Hut said that the service will "allow customers to plan for meal time while Pizza Hut simultaneously manages its fleet of drivers to ensure an efficient ordering process."

The picture of the delivery guy will also be shown on the app so that the customer will know who to expect at their door. The service was first rolled out in Russia and Israel in 2014. It will debut in the Dallas area soon, and be expanded through out the country later this year.