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Business Briefs for June 3

National Organization of Medical Regulators elects Dr. Joseph Willett to board of directors Joseph Willett, DO, Avera Medical Group Marshall, Marshall, was elected to serve a three-year term on the board of directors of the Federation of State Medical Boards during the FSMB’s annual meeting in Fort Worth Texas in April. The FSMB is a national nonprofit organization representing all 70 state medical boards of the United States and its territories that license and discipline allopathic and osteopathic physicians and, in some jurisdictions, other health care professionals. As a ...

CEOs get $800,000 pay raise, leaving workers further behind

NEW YORK (AP) — Did you get a 7% raise last year? Congratulations, yours was in line with what CEOs at the biggest companies got. But for chief executives, that 7% was roughly $800,000. Pay for CEOs at S&P 500 companies rose to a median of $12 million last year, including salary, stock and other compensation, according to data analyzed by Equilar for The Associated Press. The eight-figure packages continue to rise as companies tie more of their CEOs’ pay to their stock prices, which are still near record levels, and as profits hit an all-time high last year due to lower tax bills ...

Japan’s charm campaign ready to roll: Golf, sumo await Trump

WASHINGTON (AP) — Under the threat of potentially devastating U.S. tariffs on autos, Japan is ready to roll out the newest phase of its charm offensive targeting President Donald Trump as it welcomes him on a state visit tailor-made to his whims and ego. Offering high honors, golf and the chance to present a “Trump Cup” at a sumo wrestling championship, Japanese Prime Minister Shinzo Abe, arguably Trump’s closest friend on the world stage, will continue a years-long campaign that so far appears to have spared Japan from far more debilitating U.S. actions. The stakes are high. ...

US stocks rebound, but S&P 500 ends with 3rd weekly loss

Stocks on Wall Street notched modest gains Friday, erasing some of the market's steep losses from a day earlier. The upbeat finish to a turbulent week still left the market with its third straight weekly loss. Stocks swung between gains and losses all week as investors weighed the prospect of a prolonged trade war between the U.S. and China. Trading has been volatile since the dispute escalated earlier this month, with both sides raising tariffs on each other's goods. Financial companies led the buying Friday as the yield on the 10-year Treasury note reversed part of a steep slide ...

Business Briefs for May 20

Avera ranked 1st in nation for long-term care resident experience Avera has ranked first out of the top 20 organizations that earned a 2019 Customer Approved Award from Lincoln, Nebraska–based healthcare-intelligence firm NRC Health. The award recognizes senior-care organizations across the country for creating an outstanding care experience for their customers. “The caregivers at Avera’s long-term care facilities put a tremendous amount of effort into creating a comfortable, home-like atmosphere for our residents and their loved ones. It’s their dedication and attention to ...

Wobbly week for US stocks; 2nd weekly drop for S&P 500

(AP) — Stocks fell broadly on Wall Street Friday as investor jitters over the heated trade war between the world’s two biggest economies overshadowed encouraging developments in conflicts between the U.S. and other key trading partners. The sell-off gained strength in the last hour of trading, handing the benchmark S&P 500 index its second straight weekly loss. News that the U.S. reached a deal with Canada and Mexico to scrap tariffs imposed by the Trump administration last year on imported steel and aluminum failed to cheer up investors. Nor did word earlier in the day that ...