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Minimum wage of $11.50? Washington DC to raise minimum wage in 2016Minimum wage hike: Washington DC's city council has approved raising the hourly minimum wage in the US capital from the current $8.25 to $11.50 in 2016. The minimum wage will then be indexed for inflation.
USPS in Chicago plans Sunday holiday deliveriesUSPS delivers packages in Chicago on the two Sundays before Christmas to meet Dec. 24 deadline. Chicago's USPS is also starting early-morning deliveries because of unexpected surge of packages.听
Mega Millions jackpot on track to set lotto record: Mega Millions hits $586 millionMega Millions heading for a record? Mega聽Millions could shatter the current record of $656聽million, set in a March 2012聽Mega聽Millions聽drawing, and if unclaimed could reach $1 billion before the end of the year.
Sriracha shortage? Hot sauce shipments put on hold.Sriracha factory has been told聽it can't ship any more of its popular hot sauce to food distributors until next month because of stricter public health guidelines. Sriracha maker Huy Fong Foods says the latest batch of sauces won't arrive in stores and restaurants until mid-January.听
Amazon grocery delivery debuts in San FranciscoAmazon grocery delivery in San Francisco will mark its third city after Los Angeles and Seattle. Amazon grocery delivery聽provides same-day and early-morning delivery of more than 500,000聽Amazon聽products including fresh聽groceries聽and local items.
Retail sales surprise in NovemberRetail sales November posted their biggest gain in five months as US consumers ramped up spending on cars, appliances, furniture, and online purchases. The rise in retail sales bodes well for the rest of the holiday shopping season.听
How Fischer could bring damage control skills to FedThe man credited with bringing Israel through the recession smoothly, Stanley Fisher, has been offered the vice chairmanship at the U.S. Federal Reserve.
Boeing plant has suitors in several US statesBoeing plant is highly sought after by at least a half-dozen US states, including California, Texas, and Alabama. The company will decide on the location for the new Boeing plant for 777x jetliners by the end of the year.听
Volcker rule: what you need to knowThe revamped Volcker Rule, a centerpiece of the Dodd-Frank Act meant to rein in the sort of risky trading that contributed to the 2008 financial crisis, passed Tuesday morning. 聽Here's how the Volcker rule will affect investing.- Pay equity: College pays off for young womenPay equity progress: Women under 32 now make 93 percent of what young men earn - up from 67 percent in 1980, says new study. Only 15 percent of young women say they have been discriminated against because of their gender.
Palin SUV: Town sells Palin's mayoral SUV for $8K above its valuePalin SUV: The city of Wasilla auctioned off a 1999 Ford Expedition used by then-Mayor Sarah Palin. The auction winner bid $10,300, about $8,000 above the estimated value of Palin's SUV.
Adam Sandler and Katherine Heigl are 'most-overpaid' actors, says ForbesAdam Sandler dethroned Eddie Murphy for the dubious distinction. Forbes estimated that Adam Sandler's last three films returned an average of $3.40 for every dollar he was paid.
Airlines merger complete. The next challenge? Making money.Airlines merger between American Airlines and US airways is complete. Now, investors expect the airlines merger to be profitable. Very, very profitable.听
Mary Barra: The first woman to lead a major U.S. automakerMary Barra, currently global product development chief, will become the new CEO of the GM when current CEO Dan Akerson steps down in January.
Who are the 'new rich'?The 'new rich'聽may pose the biggest barrier to reducing the nation's income inequality. While the growing numbers of the US poor have been well documented, AP survey data detail the flip side of the record income gap: the rise of the 'new rich.'
Sysco merger pushes S&P 500 to record highSysco merger boosts the stock market to another record close Monday. Hope for a longer-term budget deal in Washington also helped.
American Airlines, US Airways merger creates world's biggest airlineAmerican聽Airlines聽has emerged from bankruptcy protection and US Airways culminated its long pursuit of a merger partner after the two completed their deal Monday to create the world's biggest聽airline.
Why US apple farmers actually want Chinese apple importsChina grows half of the world's apple crop, and has been eyeing to the US market for 15 years. China recently banned Washington state apple imports. US apple farmers want to sell again in China.- 2014 Jeep Cherokee powers best November sales since 20072014 Jeep Cherokee: The introduction of the redesigned 2104 Cherokee helped push Jeep brand sales to a record 45,415, up 30 percent.
Unemployment rate drops to 7 percent, lowest in five yearsThe US unemployment rate fell to聽a five-year low of 7 percent in November. The robust job gain suggested that the economy may have begun to accelerate and fueled speculation that the Federal Reserve will scale back its economic stimulus when it meets later this month.
