Talking Points

Talking points

Nine things you may have missed Monday from the world of business

People planning to visit fast-food restaurants or shop in downtown Boston Tuesday could encounter picket lines, slower service, and crowds of protesters as the Fight for $15 minimum wage movement stages demonstrations throughout the day.
People planning to visit fast-food restaurants or shop in downtown Boston Tuesday could encounter picket lines, slower service, and crowds of protesters as the Fight for $15 minimum wage movement stages demonstrations throughout the day.


Compensation in Boston found to outpace country

Wages and salaries grew 3.6 percent in Boston from September 2014 to September 2015, nearly twice as fast as the United States as a whole. The Bureau of Labor Statistics said Monday that wages and salaries, which make up the bulk of workers’ compensation costs, grew faster in the Boston metro area than in 14 other cities analyzed. The national growth rate was 2.1 percent. Total compensation, which includes things like bonuses, grew 3 percent in Boston, compared to 1.9 percent nationally. Miami ranked second, with 2.7 percent compensation growth during the same period. Economists say wage and salary growth often goes hand-in-hand with rising inflation. Both measures have risen modestly in recent years, even as hundreds of thousands of jobs have been added every month and employers have had to compete more for workers. Although the national unemployment rate is 5 percent, half its peak during the recession, inflation has remained below the Federal Reserve’s target of 2 percent annual price increases since the end of the recession. — JACK NEWSHAM


Average gasoline price ticks up but still lower than last year

The average price of a gallon of gasoline in Massachusetts rose 3 cents last week, fueled by volatile oil prices, AAA Northeast said. The auto club said gas averaged $2.09 in its survey of Bay State gas stations. That’s 87 cents lower than a year ago. Gas prices are mostly based on oil prices, which have fallen by more than half since the summer of 2014. Oil now typically trades below $50 a barrel, according to Bloomberg data. “Oil prices moved higher earlier last week due to reports of supply disruptions in a few oil-producing countries,” said Mary Maguire, AAA Northeast’s director of public and legislative affairs. “While prices can have short-term ups and downs, we believe that the strong supply of global oil will keep prices low as travelers prepare for the busy Thanksgiving travel weekend.” The lowest price AAA found was $1.94 a gallon, and the highest was $2.49. — JACK NEWSHAM


Fast-food workers expected to demonstrate throughout city

People planning to visit fast-food restaurants or shop in downtown Boston Tuesday could encounter picket lines, slower service, and crowds of protesters as the Fight for $15 minimum wage movement stages demonstrations throughout the day. Joining actions in cities across the country, workers from at least a dozen Boston fast food restaurants, including Dunkin’ Donuts, McDonalds, and Burger King, are expected to walk off the job Tuesday as they continue to protest for higher wages and the right to unionize. A picket line is planned at McDonald’s on Gallivan Boulevard in Dorchester starting at 6 a.m., according to the #WageAction coalition, which has been organizing the local protests, followed by a demonstration at noon at Primark in Downtown Crossing, where retail workers are trying to unionize. A rally will be held late Tuesday afternoon at Faneuil Hall, with organizers planning to announce a voter registration drive aimed at workers who make less than $15 an hour. It’s part of a national push to make higher wages an issue in the 2016 elections. — KATIE JOHNSTON


Pawtucket back in play for Triple-A Sox


PAWTUCKET, R.I. — Pawtucket Red Sox chairman Larry Lucchino has put Pawtucket back on the table as a future home for the Pawtucket Red Sox, after the team spent months saying it was moving. Lucchino said after a news conference Monday that team ownership believes a new ballpark is important to fulfilling the vision it has for the Triple-A Boston Red Sox affiliate. But he also said the team is now open to ‘‘every possibility,’’ including Pawtucket. The team previously said it would not consider staying in Pawtucket and instead pushed a plan to build a new stadium in Providence. That plan died. The team has said it would cost at least $65 million to renovate Pawtucket’s McCoy Stadium. Lucchino said they are studying numerous proposals and have no timetable for a decision. — ASSOCIATED PRESS


Target stores to offer same Thanksgiving Day deals online

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NEW YORK — Target will open its doors at 6 p.m. on Thanksgiving Day, the same time as last year. But shoppers don’t have to trek to a store after eating turkey and stuffing; the same deals will be available online at on Thanksgiving morning, the Minneapolis retailer said Monday. Target Corp.’s plan is the latest sign of retailers spreading their deals beyond Black Friday, the busiest shopping day of the year. Target is sweetening the deal for those that do shop on Black Friday: Shoppers who spend at least $75 will receive a 20 percent discount they can use between Dec. 4 and Dec. 13. After opening on Thanksgiving, Target will stay open throughout the night and remain open into Black Friday. Companies that have already announced plans to open on Thanksgiving include Toys ‘R’ Us, Macy’s, and Sears. — ASSOCIATED PRESS


Dating firm prices offering at $12-$14 per share

NEW YORK — The owner of Tinder,, and OkCupid hopes to raise up to $466.2 million in an initial public offering, which would put the value of the dating site company in the neighborhood of $3 billion. Match Group Inc. disclosed in a regulatory filing Monday that it will price its IPO of about 33.3 million shares between $12 and $14 per share. Parent company IAC/InterActiveCorp, controlled by billionaire Barry Diller, has been snapping up online dating sites as the industry grows in popularity. — ASSOCIATED PRESS


Weyerhaeuser agrees to buy timber producer in $8.4b deal

Weyerhaeuser Co. agreed to buy Plum Creek Timber Co. for about $8.4 billion to create a real estate investment trust that will be the largest private owner of timberland in the United States. Plum Creek stockholders will get 1.6 shares of Weyerhaeuser for each share they own, the companies said in a statement Sunday. Washington-based Weyerhaeuser plans a $2.5 billion stock buyback shortly after the completion of the deal, which is expected late in the first quarter of next year or early in the second quarter. — BLOOMBERG NEWS


Ikea running short on beds amid refugee crisis

Europe’s refugee crisis is having such a major impact in Sweden that even Ikea is running out of beds. The Swedish furniture giant says its shops in Sweden and Germany are running short on mattresses and beds amid increased demand due to unprecedented inflow of asylum seekers in the two countries. Ikea has been supplying beds to local authorities handling the refugee crisis. So far, 120,000 asylum seekers have arrived in Sweden this year and as many as 190,000 are expected to head to the country of 10 million people. — BLOOMBERG NEWS

Executive suite

DuPont names Breen CEO


NEW YORK — DuPont Co. named Ed Breen as chairman and chief executive, raising the prospect of a breakup of the 213-year-old chemical company amid continued pressure from an activist shareholder. The appointment of Breen, 59, is effective immediately, Wilmington, Del. based DuPont said Monday in a statement. He previously held the positions on an interim basis, after the resignation of Ellen Kullman last month. — ASSOCIATED PRESS