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U.S. markets news

India-born Ajit Jain in race for Warren Buffett-led Berkshire Hathaway's successor
NEW YORK: Warren Buffett-led Berkshire Hathaway dropped one of the biggest hints about a possible successor to the billionaire investor, describing India-born Ajit Jain and Greg Abel as "world-leading" performers who are "better" business executives than ...
Annual report offers clues about Buffett's eventual successor  The Denver Post
Warren Buffett shares his views about future of Berkshire Hathaway  NY City News
MicroCap Observer  
Wal-Mart's decision on wage hike for low-paid workers will impact many industries
Wal-Mart recently announced wage hike for more than half a million of its U.S. workforce, adding $1 billion additional expenses on the company's balance sheet.
Wal-Mart raises might lift pay in lower-wage industries  Poughkeepsie Journal
Wal-Mart, the Market Combine in Minimum-Wage Hike  Wall Street Journal
Moody's downgrades Chicago's rating over pensions
CHICAGO - Moody's Investors Service has downgraded Chicago's credit rating to two levels above junk status, citing the city's $20 billion mountain of unfunded pension liabilities.
After Moody's downgrade, Chicago administration could face tough times  Uncover Michigan
Chicago's debt rating downgraded in lead-up to mayoral runoff  UPI.com
China PMI shows factory activity shrank again in February
SHANGHAI (Reuters) - Hours after China's central bank cut interest rates to battle slowing growth and rising deflationary risk, an official survey showed on Sunday that activity in China's factory sector contracted for a second straight month in February.
China's manufacturing measure shows contraction for February  U-T San Diego
China February official PMI shrinks for second straight month  Economic Times
Q4 growth revised to 2.2%
The U.S. economy expanded at a slower pace than initially thought in the fourth quarter of 2014, as less stockpiling by businesses and a slightly weaker trade balance weighed on growth.
US Economic Growth in Q4 Revised Down to 2.2 Percent  ABC News
Economic growth weakens in 4Q  Arkansas Online
The real reason brokers oppose a fiduciary standard
But because brokers can choose from dozens of investment products, all of them "suitable" for their clients, they are free to recommend the one that pays them the most - and often do.
How Obama action could affect retirement advice from brokers  Charleston Post Courier
Loudest shouldn't speak for everyone  InvestmentNews
No plane, many discoveries in yearlong search for Flight 370
FILE - In this April 13, 2014 file photo, taken from the Royal New Zealand Air Force (RNZAF) P-3K2-Orion aircraft, co-pilot Squadron Leader Brett McKenzie looks out of a window while searching for debris from missing Malaysia Airlines Flight 370, ... more >.
Better plane tracking trialed after Malaysia plane mystery  Chron.com
Better plane tracking being tested almost a year after MH370's disappearance  Hindustan Times
Futuristic city with �Hyperloop� proposed in California
(CNN) - A high-tech community called �Quay Valley� could be popping up in California soon. It would be a self-sustained, solar powered community with a very unique high speed transportation system.
Hyperloop concept to be tested in California next year  West Texas News
Elon Musk's high-speed Hyperloop to be built in California next year  Telegraph.co.uk
Herbalife cuts pay of CEO Johnson 36 pct after missed targets
BOSTON Feb 28 (Reuters) - Herbalife Ltd cut the pay of Chief Executive Michael Johnson 36 percent for 2014 after the nutrition and weight loss company failed to meet performance goals set for him and other top executives, according to a securities filing on ...
Herbalife Tumbles After Changes to Sales Model Crimp Growth  Bloomberg
Herbalife (HLF) Stock Sinks Today After Revenue Miss, Lower Guidance  TheStreet.com
A guide to Menu Psychology 101
Areas by Starbucks cash registers often are crowded with little extras in hopes of luring customers into making impulse buys. Other companies use similar methods.
What's on the menu? More than you think  Dallas Morning News
How restaurants get you to spend more  The Sheboygan Press