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Wal-Mart will give half million employees pay raises

Wal-Mart's CEO told CNBC the world's biggest retailer is adjusting to the market and hiking wages for a large portion of its hourly staff.
Pedro Taverna takes part in a protest for better wages at which 54 people were arrested outside Wal-mart in Los Angeles
Pedro Taverna, 18, takes part in a protest for better wages outside Wal-mart in Los Angeles November 7, 2013. More than 50 people demanding better wages for Wal-Mart workers in a protest organized by a union were arrested outside the retailer's store in the Chinatown section of Los Angeles.