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.
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.
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.
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 >.
President Obama and a consumer group agree: All who offer retirement advice should act in clients' best interests, even if it lowers advisers' profits.