1. Deal reportedly will raise California minimum wage to $15 an hour
California lawmakers have reportedly reached a deal with labor unions to raise the state minimum wage to $15 an hour over the next few years, starting with an increase from $10 an hour to $10.50 next year. Gov. Jerry Brown (D) is expected to make a formal announcement as early as Monday. The tentative agreement would avert a potentially costly campaign to let voters consider a proposal to hike the state minimum wage this fall.
2. Al Jazeera announces job cuts
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3. Microsoft reportedly discusses backing bid for Yahoo sites
4. Dell reaches $3 billion deal to sell tech services business
5. Avon strikes deal with activist investors to head off proxy fight
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