Target beefs up parental leave

Associated Press


Target beefs up parental leave

Target Corp., the discount retailer battling Walmart Inc. and others for employees, is sweetening the benefits it offers parents. The Minneapolis-based chain is extending its paid parental leave and offering employees access to 20 days of subsidized care for children or elderly dependents. It’s also boosting the amount it reimburses workers for adoption and surrogacy fees, with the company providing as much as $10,000. The perks are available for both hourly and salaried workers, it said. The improved benefits illustrate the lengths that retailers are going to retain workers with unemployment hovering near historic lows. — BLOOMBERG NEWSSOFTWARE

Salesforce buying Tableau Software for $15.7 billion

Customer-management software developer Salesforce is buying Tableau Software in an all-stock deal valued at $15.7 billion. Tableau uses self-service analytics to help people with any skill level work with data. Among the companies that use Tableau’s services are Charles Schwab, Verizon, and Netflix. Once the transaction closes, Tableau will operate independently and stay headquartered in Seattle. The announcement comes a few days after Google said it is purchasing data analytics firm Looker for $2.6 billion in order to expand its Google Cloud business. — ASSOCIATED PRESS


Price at the pump down 4 cents in Mass.

The average cost of a gallon of gasoline in Massachusetts is down 4 cents this week. AAA Northeast’s weekly price survey, released Monday, found self-serve regular selling for an average of $2.71 per gallon. The Massachusetts price is 3 cents lower than the national average and 18 cents lower than the in-state average price a year ago. AAA spokeswoman Mary Maguire said prices are dropping due to cheaper crude oil, while at the same time US supply is keeping pace with demand. AAA found self-serve regular selling for as low as $2.53 per gallon and as high as $3.05. — ASSOCIATED PRESS


Vice Media’s news show on HBO is canceled

There were significant changes at Vice Media on Monday as the company — which was once operated more like a frat party than a business — takes shape under new leadership. First came the news that HBO was canceling the nightly program “Vice News Tonight” and that the executive who oversaw the show, Josh Tyrangiel, would be leaving the company. Vice Media quickly followed that report, which appeared in The Hollywood Reporter, with an announcement that Jesse Angelo, former publisher of The New York Post, would become the company’s president of global news and entertainment. The changes occurred on the watch of Nancy Dubuc, former head of the A&E cable network, who joined Vice Media as CEO in 2018 and has been charged with the task of stanching the flow of red ink at the company. — NEW YORK TIMES



High Court: oil workers need not be paid to sleep

The Supreme Court ruled unanimously Monday against workers on oil drilling platforms off California who argued they should be paid for the off-work time they spend on the platform, including sleeping. The high court said that federal law applies to the workers and doesn’t require them to be paid for nonworking time spent at their work location on the Outer Continental Shelf. The workers had argued that California law, which would require them to be compensated for that time, should apply. — ASSOCIATED PRESS



Starbucks tests reuseable cups at Gatwick

Starbucks and the environmental charity Hubbub are launching a trial program to lend passengers at Britain’s Gatwick Airport reusable cups while waiting for their flights in hopes of cutting down on waste. The one-month test will give passengers at Britain’s second-largest airport the option of borrowing the cup — rather than using a paper one — and returning it before getting on their flights at ‘‘Cup Check-In’’ points. Cups will then be washed and sterilized and returned to Starbucks for re-circulation. Organizers hope to put 2,000 reusable Starbucks cups in circulation at the airport’s South Terminal. — ASSOCIATED PRESS


Shareholders make a proposal to take the parent company of Saks private

A group of shareholders of Saks Fifth Avenue’s parent is making an offer to take the struggling department store chain private. The offer, announced Monday, is being led by Hudson’s Bay executive chairman Richard Baker, Rhone Capital LLC, WeWork Property Advisors, Hanover Investment SA, and Abrams Capital Management. The proposal values the company at 9.45 Canadian dollars ($7.12) per share in cash. That’s a 48 percent premium to the company’s closing share price on the Toronto Stock Exchange on Friday. The group of shareholders together own 57 percent of the Canadian company. The offer is conditioned in part on the $1.5 billion sale announced Monday of Hudson’s remaining half of its interest in its European business. — ASSOCIATED PRESS



Great-great grandson of Tabasco creator to lead the company

The Louisiana-based McIlhenny Co., which produces Tabasco sauce, has named the great-great-grandson of Tabasco creator Edmund McIlhenny as its new president and chief executive. News outlets report Monday that Harold Osborn will take over the company, popularly known for creating the Tabasco brand and distributing Tabasco Pepper Sauce. The Acadiana Advocate reported that Osborn worked on Southern Louisiana’s Avery Island and in the Avery Island salt mine for the McIlhenny Co. when he was younger. Avery Island was the birthplace of Tabasco Pepper Sauce, and was added to the National Register of Historic Places last year. The newspaper said McIlhenny Co. was founded in 1868, making it one of the oldest US family-owned companies. — ASSOCIATED PRESS


Record number hired in April

US employers hired the most people on record in April, while the number of open jobs was largely unchanged, evidence that the job market remains solid. The Labor Department said Monday that businesses filled 5.9 million jobs that month, 4.2 percent more than in March and the most since records began in December 2000. Some of the increase in hiring simply reflects population growth. — ASSOCIATED PRESS



Supreme Court sides with Ala. Firm over Postal Service

The Supreme Court sided Monday with an Alabama technology company over the Postal Service in a patent dispute. The dispute before the justices had to do with the patent that Birmingham-based Return Mail has for a system that uses barcodes, scanning equipment, and computer databases to process returned mail almost entirely automatically. The Postal Service initially expressed interest in Return Mail’s invention but ultimately developed its own, similar system. That led to a dispute over the company’s patent. On Monday, the court sided 6 to 3 with Return Mail. Of the Postal Service’s arguments, Justice Sonia Sotomayor deadpanned in an opinion : ‘‘None delivers.’’ — ASSOCIATED PRESS


Firm that stockpiled guns before vote says it’s bankrupt

Firearms distributor United Sporting Cos. loaded up on guns ahead of the 2016 presidential election, expecting a surge in sales that would probably follow the election of a Democrat. Then Hillary Clinton lost. The miscalculation sparked a multiyear decline that has reached the courthouse steps in Delaware, where United sought Chapter 11 bankruptcy protection on Monday. When Republican Trump emerged victorious, United posted lower-than-expected sales as well as high inventory carrying costs, chief executive Bradley P. Johnson said in a court declaration. — BLOOMBERG NEWS