Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Back to story
Winner: Discounters
Voters in six states passed measures to raise their states' minimum wage, and House Democratic leaders, including incoming Speaker Nancy Pelosi, have vowed that an increase in the national minimum wage will be one of the first pieces of legislation they plan to pass when they take control of the chamber in January.

Some people say a higher minimum wage could hurt big retailers by boosting their labor costs, but some analysts argue it could actually give a lift to discounters like Wal-Mart Stores (WMT), Target (TGT) and Costco (COST), as well as fast-food chains like McDonald's (MCD). Wal-Mart, the world's largest retailer, came out in favor of a higher minimum wage a year ago since it would put more money in the pockets of its core customers.

Still, Wal-Mart shares fell, with some analysts expressing concern that the election might make Congress more likely to approve trade sanctions on Chinese imports, a key source of goods for the retailer.
Salary Secrets and Myths Employers seem to have the better hand in pay negotiations. But here are 6 ways to better read the cards they hold. (more)
50 ways to cut your health-care costs Cut hospital bills by 25% and drug costs by 35%...there are more ways to save than you ever realized. (more)
Which places are low on taxes that affect small business? Exclusive rankings for FSB.com from the Small Business & Entrepreneurship Council. (more)