Discover Financial Services said late Wednesday it planned to raise its minimum hourly pay to $15.25 to all full-time U.S. employees as a result of the U.S. tax overhaul. The new rate would take effect later this year and affect more than 7,000 employees, the credit-card company said in a statement. Earlier this month, Discover announced $1,000 bonuses to more than 15,000 non-executive employees. Shares of Discover rose 0.3% in late trading Wednesday after ending the regular session up less than 0.1%.
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