Last week, we learned that Wal-Mart was giving the lowest paid of its hourly employees a raise. In a blog post, Wal-Mart Chief Executive Officer Doug McMillon said that as of April, the company will pay a minimum of $9 an hour. That is $1.75 more than the federal minimum wage of $7.25, which has been unchanged for almost six years. Next February, Wal-Mart's lowest hourly rate will rise to $10. All told, about a half-million Wal-Mart workers in the U.S. will be affected.

Bank of America Corp. and Wells Fargo & Co. are providing new debt against Manhattan’s MetLife Building in a deal that values the tower at almost $3 billion, according to people familiar with the transaction.

Trustees at a San Diego pension fund who quarreled over investment strategy now are trading allegations about guns, bullying, and racial and sexual harassment, threatening the search for an investment chief.

Business and professional groups will offer a range of activities this week.

Unmanned aerial vehicle maker 3D Robotics, whose engineering is based in San Diego and manufacturing in Tijuana, announced it secured its third round of venture financing -- a $50 million Series C led by Qualcomm Inc.