Wal-Mart has agreed to improve safety conditions for employees who use trash compactors and cleaning chemicals at more than 2,800 stores as part of a settlement agreement with the Labor Department.
While parallels have been drawn between Detroit and Chicago for their huge unfunded pension liabilities, Jack Ablin of BMO Private Bank says his hometown is in an entirely different position. Says Ablin, Chicago's population is stable and growing and real estate prices are rising, whereas Detroit's demise has been a slow and steady decline that started in the 1970s.
President Barack Obama has canceled his Moscow summit with Russian President Vladimir Putin. The decision reflected both U.S. anger over Russia's harboring of National Security Agency leaker Edward Snowden and growing frustration within the Obama administration over what it sees as Moscow's stubbornness on other key issues, including missile defense and human rights.