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U.S. markets news

India-Born Ajit Jain in Race for Warren Buffett 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 ...
Warren Buffett shares his views about future of Berkshire Hathaway  NY City News
Berkshire leader names potential Warren Buffett heirs  New York Post
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
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  ABC News
China February official PMI shrinks for second straight month  Economic Times
Seeing through the fog on retirement-fund advisers
President Obama and a consumer group agree: All who offer retirement advice should act in clients' best interests, even if it lowers advisers' profits.
The real reason brokers oppose a fiduciary standard
How Obama action could affect retirement advice from brokers  Charleston Post Courier
Latino nonprofit offers aid with health and taxes days
When nonprofit executive Will Gonzalez heard about the special enrollment period allowing people to buy health insurance when they file their income tax returns, he knew what he had to do.
Added tax season hassle for some due to health form errors  The Denver Post
Consumers frustrated by government error on health care tax forms  NET Website
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
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's Earnings Spook Investors  Wall Street Journal (blog)
Thin mints, Caramel deLites and more cookies coming to a neighborhood near you
NEW YORK - It's cookie time! Girl Scouts across the country are now selling cookies at booths, door to door, and through Digital Cookie.
Girl Scout cookies on sale now
Girl Scout cookies delivered to Rochester area  News 10NBC