New York Times business news - May 4
May 4 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- Microsoft Corp's MSFT.O LinkedIn, the professional networking platform, has reached an agreement with the U.S. Department of Labor to pay $1.8 million to female employees who the agency said received far less compensation than their male colleagues from 2015 to 2017, the department said on Tuesday. nyti.ms/39CIAaf
- Starbucks Corp SBUX.O announced Tuesday that it was raising pay and expanding training at corporate-owned locations in the United States. But it said the changes would not apply to the recently unionized stores, or to stores that may be in the process of unionizing, such as those where workers have filed a petition for a union election. nyti.ms/3Fhbjxe
- Biogen Inc BIIB.O said on Tuesday that it would replace its chief executive Michel Vounatsos and effectively give up on marketing a high-profile Alzheimer's drug Aduhelm that has been a commercial failure since its controversial approval nearly a year ago. nyti.ms/3scLqZX (Compiled by Bengaluru newsroom)
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