U.S. labor costs point to still-benign inflation

Reuters: U.S. labor costs rose marginally in the third quarter, pointing to tame wage inflation that should allow the Federal Reserve to maintain its bond-buying program to stimulate the economy. The Employment Cost Index, the broadest measure of labor costs, increased 0.4 percent after advancing 0.5 percent in the second quarter, the Labor Department said on Tuesday. Economists polled by Reuters had expected labor costs to increase 0.5 percent. In the 12 months through September, compensation costs rose 1.9 percent for a fifth straight quarter.

 

Feds open safety probe into Tesla fires

CNNMoney: Federal investigators have started a probe into the fire risk for a Tesla Model S. The announcement comes after three fires in the last six weeks involving the electric car, which has gotten top safety ratings in crash tests performed by the National Highway Traffic Safety Administration.

 

Labor panel finds illegal punishments at Walmart

The New York Times: Walmart illegally disciplined and fired employees over strikes and protests, the National Labor Relations Board said on Monday. In addition, the board's general counsel said an inquiry found evidence that a Walmart spokesman, appearing on national television, had unlawfully threatened employees who were considering taking part in the protests. While the board authorized the filing of a complaint, none had been filed on Monday. Walmart is denying the accusations.