Chicago council approves 3rd Wal-Mart

— The Chicago City Council has approved a third Wal-Mart store in the city.

Council members voted 41-4 Wednesday to allow the giant retailer to build the store on Chicago's South Side.

The first Chicago Wal-Mart store opened in 2006. Labor unions and small-business owners claimed the store paid unfair wages and would kill off local businesses.

The City Council last month approved a second store, opening in 2012.

Last week, Mayor Richard Daley asked aldermen to support a third store, saying it would bring jobs and stimulate the economy. The Bentonville, Ark.-based retailer agreed to pay wages higher than the Illinois minimum.

In voting against the third store, Alderman Joe Moore said the retailer "has a history of not living up to its promises."

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