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New Jersey Governor Chris Christie has "got his head in the sand" when it comes to the plight of minimum-wage earners in his state, U.S. Labor Secretary Tom Perez said. President Barack Obama and his administration have been pushing Congress to raise the federal minimum wage to $10.10 an hour from $7.25. Most Republicans in Congress and many Republican governors, including Christie, oppose the increase. [Full Story]
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Ford Motor Co., making less money while F-150 truck production is suspended, said third-quarter profit fell less than analysts had projected as the company continues to grow in China where it now outsells Toyota.Ford, which said last month it won't achieve its 2014 profit... [Full Story]
Twenty-one Asian nations have signed on to a China-driven initiative to create a new development bank for Asia that's aimed at boosting infrastructure investment of all kinds. Beijing sees that as a way to raise its international standing, but Washington opposes the move as... [Full Story]
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