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U.S. markets news

Warren Buffett's letter: Gender should never decide CEO
In his much-anticipated annual letter to stockholders, Warren Buffett, chairman and CEO of Berkshire Hathaway, celebrated his golden anniversary of ownership of the company and teases about talk of a successor - making it clear that gender is not a factor.
Buffett, Munger drop few hints of Berkshire Hathaway succession plan  MarketWatch
Buffett Sees Son Howard as 'Safety Valve' If Next CEO Falters  Bloomberg  
Narendra Modi just cracked India's economy open a tiny bit more
Minutes into his budget speech, India's finance minister all but declared victory. �The credibility of the Indian economy has been re-established,� Arun Jaitley said.
What the budget means for business  Livemint
Union Budget 2015 speech: Reason to feel optimistic  Financial Express
Huge Step Towards Customer And Employee Satisfaction: Walmart Will Raise ...
Walmart, the world's biggest retailer, is taking a huge step towards customer and employee satisfaction by raising wages. This week, the company announced that as of April, 500,000 employees will have their wages increased to $9 per hour and by February ...
Walmart minimum wage to keep staff rise piles pressure on rivals  The Guardian
TJ Maxx, Marshalls to follow Wal-Mart in raising worker's pay  Petoskey News-Review
Interest Rates, U.S. Dollar: Shovelin' Schmitt Against The Tide
There is an obsession in the marketplace over the date when the Fed will once again begin to raise rates. As if another 25 basis points is going to change the economics on tens of trillions of dollars of investments.
After Yellen's Congressional Turn, Fed Officials Beat the Rate-Hike Drum
Dudley, top US economists urge later Fed rate hike  Reuters UK
Lawmakers may end tax break on jet fuel, to Delta's dismay
ATLANTA (AP) - Georgia lawmakers may eliminate a tax break for all airlines buying jet fuel at the world's busiest airport. A bill filed in the House would cut the exemption at Atlanta's Hartsfield Jackson Airport.
Some Ga. lawmakers back ending tax break on jet fuel, setting up face-off ...  Minneapolis Star Tribune
Estimate Of U.S. Economy Growth Lowered To 2.2% For Q4
The latest government data shows output in the U.S. continued to increase in the fourth quarter of 2014 but at a slower rate than in the prior quarter and at a slower rate than previously estimated.
Real GDP Growth Revised Down to 2.2 Percent in the Fourth Quarter  Shopfloor
Q4 US Economic Growth remains sluggish in fourth quarter  Maine News Online
US taxpayers owe Robert Benmosche a debt of gratitude
(Robert Benmosche has died at the age of 70 from complications related to lung cancer, according to an announcement by American International Group.
Robert Benmosche, Who Led AIG to Repay Bailout, Dies at 70  Bloomberg
Former AIG CEO Robert Benmosche Died Friday at 70  Maine News Online
Teamsters gain vote to unionize more tech shuttle bus drivers in Silicon Valley
Shuttle bus drivers for five major tech providers voted to unionize Friday, an outcome that could inspire far more low-paid service workers in booming Silicon Valley to band with each other for improved spend and positive aspects.
Silicon Valley Shuttle Drivers Vote to Join Union  New York Times (blog)
Drivers for Apple, Yahoo, EBay Vote to Join Teamsters  Bloomberg
Hyperloop to become reality in Quay Valley, California
Hyperloop Transportation Technologies (HTT) is set to build a working version of Hyperloop in a planned city in Central California.
Hyperloop Update: Construction to Start in Central California in 2016  Headlines & Global News
Elon Musk's high-speed Hyperloop to be built in California next year
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 (HLF) Stock Sinks Today After Revenue Miss, Lower Guidance
Fight around Herbalife requires to New York streets  Beacon Review