Business News
Pa workers get more overtimeHARRISBURG — A new study says Pennsylvania state workers were paid a two-decade high of $250 million in overtime last year, an increase of nearly 10 percent over 2014.The Sunday Times of Scranton reported that its analysis of payroll records showed a five-year trend of increased use of overtime, attributing it to hiring freezes and unfilled vacancies.The paper said other factors driving the increase include a doubling of prison overtime since 2010, medical care at state hospitals and security provided by state police for Pope Francis’ visit to Philadelphia in September.Overtime has been increasing in the Corrections Department even as both the department’s work force and the number of prisoners are down by nearly 3 percent over the past six years.
Drugmaker’s profit falls,/b>NEW YORK — Higher expenses offset a big jump in sales from an acquisition, as Pfizer’s second-quarter profit plunged 23 percent. The biggest U.S. drugmaker still beat Wall Street’s expectations.Pfizer reported net income of $2.02 billion, or 33 cents per share, down from $2.63 billion, or 42 cents per share, in 2015’s second quarter.The maker of Viagra and the Prevnar 13 vaccine against pneumonia and other infections posted revenue of $13.15 billion, up 11 percent from.
