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CVS Acquires Target's Pharmacy And Clinic Businesses For $1.9 Billion

Source: Justin Sullivan / Getty

Target has begun the process of raising the minimum wage for its employees to $10 an hour.  Like many retailers, the retail giant is under pressure from labor groups calling for higher wages for workers.  Competitor Wal-Mart made a similar move earlier this year in an effort to attract employees in a competitive job market. The increase is Target’s second in a year.