Lowe’s  (LOW) – Get Report said Wednesday it would spend another $100 million in bonuses for U.S. hourly employees this month to recognize their service during the coronavirus pandemic, bringing the total to $775 million.

Shares of the Mooresville, North Carolina-based home-improvement retailer were rising 2% to $167. 

Lowe’s said that all active hourly associates in Lowe’s U.S. stores, distribution centers and store support centers will receive the bonus on Oct. 16.

Full-time hourly associates will receive $300, and part-time and seasonal associates will receive $150. 

The October bonus will match the funds Lowe’s provided to all hourly associates in March, May, July and August.

With this latest round of coronavirus relief, Lowe’s said it will have provided more than $775 million in incremental financial support to associates this year. 

Along with the previous special payments and bonuses, Lowe’s increased pay for full-time, part-time and seasonal associates by

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The board of Frasers Group, which owns Sports Direct, has urged shareholders to back a £100m company bonus scheme. Photo: Toby Melville/Reuters
The board of Frasers Group, which owns Sports Direct, has urged shareholders to back a £100m company bonus scheme. Photo: Toby Melville/Reuters

Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world:

Frasers Group board back £100m staff bonus plan

The board of Frasers Group, majority-owned by Mike Ashley, has urged shareholders to back a £100m ($128.9m) company bonus scheme that “could be worth in excess of £100m” for staff.

The company, which owns Sports Direct, Flannels, Evans Cycles, USC, Jack Wills and GAME, said in a statement the “vast majority” of workers could receive cash or stock bonuses if its share price reaches a target level.

“Eligible and qualifying” workers could receive cash bonuses for up to four weeks’ salary, while 1,000 outstanding staff could receive shares worth between £50,000 and around £1m.

The scheme would run

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a close up of a keyboard: Accountant sitting at table calculating bonus depreciation while checking ledger

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Accountant sitting at table calculating bonus depreciation while checking ledger

It’s probably the only bonus that makes you scratch your head before taking it. The next time you make a fixed asset purchase, consider claiming bonus depreciation on your business tax return.

Overview: What is bonus depreciation?

Before we discuss bonus depreciation, let’s define depreciation.

You usually can’t report the entire expense of a fixed asset in the year of purchase. It’s customary to break up the expense over a period of years. You depreciate an asset over its useful life, reflecting the time you expect the asset to generate revenue and be of use to the business.

For example, say a coffee shop purchased an espresso machine for $10,000. Instead of reporting the entire $10,000 expense on its income statement and business tax return in year one, the shop would report $1,000 in depreciation annually for

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The world’s harried airline bosses will look enviously at China this week as millions of people take to the skies for national holidays, helping Chinese carriers push even further ahead in recovering from the pandemic.

The holiday starts with the Mid-Autumn Festival and National Day on Thursday and runs to October 8. The so-called Golden Week is typically a time for families to reunite and will add momentum to a domestic rebound that’s lifting air travel within China back toward usual levels. More than 15 million people are due to fly over the period, a 10 per cent increase from last year, according to Lan Xiang, head of the research division at online travel agent Qunar.

Airlines elsewhere are mired in crisis as they struggle to rebuild networks and coax virus-wary passengers back onboard. Demand and scheduled capacity in the US collapsed with the spread of Covid-19, while people in

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Mackenzie Dern, from the United States, celebrates after defeating countrywoman Amanda Cooper during their UFC women's strawweight mixed martial arts bout in Rio de Janeiro, Brazil, early Sunday, May 13, 2018. (AP Photo/Leo Correa)

Leo Correa/Associated Press

After Saturday’s UFC Vegas 11 event, four fighters earned $50,000 bonuses for highlight-reel finishes deemed Performance of the Night.

Khamzat Chimaev, Mackenzie Dern, Randy Costa and Damon Jackson were recognized for their efforts.

Chimaev remained undefeated (9-0), knocking out veteran middleweight Gerald Meerschaert with one punch just 17 seconds in. The Russian-born 26-year-old already held the modern UFC record for shortest span between two wins (10 days), and he is now the fastest to win three, doing so in 66 days.

Dern’s victory by submission against Randa Markos was her second straight win, earning the former jiu-jitsu champion a second straight bonus payout. 

A 41-second head kick from Costa that knocked out Journey Newson earned him a bonus, while Jackson, who made his first UFC

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Travel isn’t a priority at the moment, but eventually planes will return to the skies. And when that happens, the airlines are likely to offer some great award sales to get people back onto flights. Ideally you’ll want to have a pile of frequent flyer miles ready to go so you can take advantage.

Fortunately, American Express has just launched several limited-time welcome offers on its Delta credit cards. Right now you can earn up to 60,000 bonus miles by signing up for a new personal Delta credit card from American Express, and up to 70,000 bonus miles for a business credit card.

Let’s start

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