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MarketWatch for January 16, 2014

CBSNews -- Wal-Mart is facing charges and cheese prices are on the rise.
CBSNews -- Wal-Mart is facing charges and cheese prices are on the rise.

JC Penney is cutting 2,000 jobs and closing 33 stores. The struggling retailer is also bringing back sales commissions to help boost business.

On Wall Street, stocks will try to make it three winning days in a row.

The Dow climbed 108 points and the NASDAQ rose 32.

The SP 500 closed at a record high.

The government is charging Wal-Mart with labor violations.

The National Labor Relations Board says Wal-Mart illegally fired, disciplined or threatened more than a 100 employees in 14 states who went on strike to protest wages and working conditions.

Wal-Mart insists its actions were legal and justified.

Attorneys General in San Francisco and New York are joining forces to investigate allegations that Monster Beverage is marketing its highly caffeinated drinks to kids.

The Food and Drug Administration has been investigating reports of five deaths allegedly linked to the energy drink. Monster Beverages has repeatedly said its drinks are safe.

It will cost you more to snack on some munchies during the Superbowl.

Rising mozzarella prices means you'll spend 5 to 10 percent more on pizza.

Freezing temperatures in Florida are making avocados more expensive, that's pushed the price of guacamole up 10 percent.

But nachos are holding the line and after a chicken wing shortage last year, prices are down about 5 percent.


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