1 Nokia (NOK) is in talks to buy Alcatel-Lucent (ALU) in a deal that would create a group worth around 40 billion euros ($42 billion). 2  The Finnish and French companies said in a statement that at this stage there was no certainty that a merger would go ahead.
PAYCHECKS Hourly Employees â Based on a Monday through Friday work schedule, a semi-monthly payperiod can have 9 to 12 workdays (72 - 96 hours), resulting in a varying number of work hoursin different pay periods and changes in net pay received each payday for hourly employees.
A semi-monthly payroll occurs twice per month, such on the 15th and last day of the month. Both payrolls have their advantages. Normally, a year has 365 days; however, a leap year has 366 days. A biweekly payroll has 14 days and 26 pay periods, which amounts to 364 days. Over time, this difference of one day during regular years and two days during leap years results in a 27th paycheck for biweekly workers. A semi-monthly payroll always has 24 pay periods, which results in less time and money spent on running payrolls.