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U.S. markets news

Buffett: don't expect another 50 years of outperformance at Berkshire
NEW YORK (Reuters) - In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America.
Top Takeaways From Warren Buffett's Letter  Wall Street Journal
Warren Buffett letter hints at successor  The Seattle Times
Nasdaq  
Wal-Mart, the Market Combine in Minimum Wage Hike
Anyone wanting proof that a rising economic tide lifts all boats need to look no further than the news of Wal-Mart 's plans to increase its entry level wage to $10 an hour (�Wal-Mart's Capitalist Payday,� Review & Outlook, Feb. 20).
TJX follows Walmart in revising minimum wage; trend expected to continue  The Next Digit
Wal-Mart's pay hike will have massive ripple effects in America  Business Insider
Moody's downgrades the evaluation over pensions in 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.
Chicago Nears Fiscal Freefall  PJ Media
Exclusive: Chicago nears fiscal free fall with latest downgrade  Reuters
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.
Stanley Fischer Suggests Fed Will Give Less Guidance  New York Times
After Yellen's Congressional Turn, Fed Officials Beat the Rate-Hike Drum  Nasdaq
Apple, Yahoo, eBay, Zynga, Genentech bus drivers vote to unionize
Bus drivers who herd employees to and from the offices of Apple, Yahoo, eBay, Zynga and Genentech voted to join the powerful Teamsters union Friday.
Silicon Valley shuttle drivers vote to unionize  U-T San Diego
Shuttle drivers vote for union in Silicon Valley  Uncover Michigan
Hyperloop concept to be tested in California next year
Hyperloop Transportation Technologies has announced that it will set up a five mile long track to test the hyperloop, ultra-fast transport network.
Hyperloop to become reality in Quay Valley, California  The Next Digit
Solar powered, state-of-the art city in development in California  The Weather Network
Former AIG Chief Robert Benmosche Dies at 70 due to lung cancer
Robert Herman Benmosche, president and chief executive officer of American International Group died at the age of 70. On Friday, he succumbed to lung cancer.
US taxpayers owe Robert Benmosche a debt of gratitude  MarketWatch
Insurance executive Robert Benmosche, formerly of Monticello, dies of lung ...  Times Herald-Record
What The President's New Investment Advice Proposal Means For You
By now, you might have heard about President Obama's proposals to apply a fiduciary standard to brokers when giving investment advice.
Posted today at 5:02am  610kvnu
Weekly Address: Ensuring Hardworking Americans Retire with Dignity  The White House (blog)
Herbalife CEO Johnson's 2014 Compensation Down 36% To $6.73 Mln
disclosed in a regulatory filing that its Chairman and Chief Executive Officer Michael Johnson received a 2014 total compensation that was about 36 percent lower than the prior year, while his base salary remained unchanged in 2014 as well as 2013.
Herbalife cuts pay of CEO Johnson 36 pct after missed targets  Reuters
Fight around Herbalife requires to New York streets  Beacon Review
Prices at the pump going up
CHICAGO (AP) -- Filling up at the pump is getting more painful by the day -- but the average price is still over a dollar less than it was a year ago.
Gas prices soar in California as supply shrinks  Washington Post