After last year’s massive security breaches at Target Corp. and Neiman Marcus Group LLC, data- security professionals urged U.S. retailers to upgrade their credit and debit card technology to reduce fraud.
President Barack Obama held two meetings this week plotting strategy to maintain the Senate Democratic majority, while also pitching an issue that could put a vulnerable incumbent at risk: a minimum wage increase.
Senate Majority Leader Harry Reid won’t consider raising the U.S. minimum wage to any level less than $10.10 an hour, though some of his fellow Democrats say they are ready to negotiate a lower amount.
Retail sales in the U.S. holiday shopping season may rise 3.8 percent to a record $469.1 billion, higher than an earlier forecast, helped by strong traffic on Black Friday, the National Retail Federation said.
Wal-Mart Stores Inc., the largest private employer in the U.S., said it’s looking at supporting an increase in the federal minimum wage, breaking with business and industry groups that oppose such a measure.