While some communities have fought to keep Wal-Mart out, officials in Washington, D.C., have welcomed the retailer with open arms. Most of the stores will be built in underserved neighborhoods. But community activists complain city leaders should have pressed Wal-Mart for concessions on starting salaries and other benefits before announcing the deal.
Google's music store will allow Android smart phone users to buy songs directly from Google, which is something they can't do from iTunes. They'll also be able to share their purchases with friends on the Google Plus social network. But the company, known mainly for its search engine, has a long way to go before it can challenge the big kid on the block.
Alice Eastman, a single mother living in Wheaton, Ill., tried to make ends meet on unemployment while she hunted for a job in her field after being laid off in 2010. After a long, fruitless search, Eastman, a once-highly paid professional, took a minimum-wage job at Target.
As investors lose confidence in the eurozone, interest rates are rising everywhere but Germany. Economists say that even France could be dragged into a situation like Italy, where more expensive borrowing necessitates deep budget cuts. Leaders are at odds over whether countries should spend or cut their way to health.
One company that's not happy about the prospect of a new trade deal with Pacific Rim nations is the running shoe manufacturer New Balance. New Balance still makes some of its shoes in the U.S. and it doesn't want to lose tariff protection. In fact, the company says, if it does, it will have to close its U.S. factories.
GOP presidential hopeful and former House Speaker Newt Gingrich remained on the defensive Wednesday after reports emerged detailing his consulting work for the mortgage giant Freddie Mac. Specifically, he did not confirm or deny that he earned some $1.6 million from Freddie over a 12-year period.
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