While you were sleeping Wall Street touches high

Wed, 13 Feb 2013

By Margreet Dietz Feb 14 (BusinessDesk) - While the Standard & Poor's 500 Index touched a fresh five-year high shortly after opening, it failed to hold those gains as investors sought to assess the impact of President Barack Obama's second-term initiatives. With a focus on renewing America's middle class, President Obama announced in his State of the Union address last night plans to lift the minimum wage to US$9 an hour, from the current US$7.25. Among OECD nations, 10 countries pay a higher minimum wage than the US, with Australia topping t...

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