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U.S. markets news

Who will succeed Warren Buffett?
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 the ...
Berkshire Hathaway Inc. revealed 17 percent profit decline on investment in ...  MicroCap Observer
Berkshire leader names potential Warren Buffett heirs  New York Post
Economic Times  
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
After Moody's downgrade, Chicago administration could face tough times
After Moody's Investors Service downgrade, Chicago could get into massive fiscal trouble as the risk of termination of four interest rate swap agreements looms large.
Moody's downgrades Chicago's rating over pensions  KSRO
Moody's downgrades Chicago's debt rating  Chicago Tribune
China's manufacturing measure shows contraction for February
BEIJING (AP) - An index that measures China's manufacturing activity went up slightly in February but still showed contraction amid China's economy slowdown, according to official data released Sunday.
China factory sector shrinks in February, official PMI shows  CNBC
China manufacturing shrinks again in February: govt  Business Insider
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
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
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
Better plane tracking trialed after Malaysia plane mystery
SYDNEY (AP) - Australia, Indonesia and Malaysia will lead a trial to enhance the tracking of aircraft over remote oceans, allowing planes to be more easily found should they vanish like Malaysia Airlines Flight 370, Australia's transport minister said Sunday.
Air-track trial after plane mystery  Irish Independent
Closer tracking of oceanic flights trialled  Sydney Morning Herald
Girl Scout cookies on sale now
Girl scouts across the Treasure Valley are setting up booths to sell girl scout cookies. Cookie sales help fund troop activities. One group of junior girl scouts set up a cookie booth Saturday at the Dutch Brothers coffee shop on West Overland Road.
Girl Scout cookies delivered to Rochester area  News 10NBC
Thin Mints Shortage Threatens Regional Girl Scout Fundraising  GoLocalPDX
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 Shares Plunge Nearly 11% On Grim 2015 Outlook  Forbes