The CEO of the firm that's about to take over the New York Stock Exchange has criticized alternative market trading. Jeffrey Sprecher said equity markets, including the NYSE, allow sophisticated traders to take advantage of small investors. He added such models are destined to fail and that people outside the markets have a sense things aren't fair.
In recent years, companies ranging from JPMorgan Chase to Walmart to Boeing have announced special hiring programs for veterans. Seattle coffee giant Starbucks is the latest.
All of these companies are trying to bring down a stubbornly high unemployment rate for veterans of the Iraq and Afghanistan wars. But to succeed, companies have to take the time to understand the skills of service members.
Payday lenders made about $49 billion in high-interest loans last year. More than a third of those loans were made online. I wondered what happens when you apply for such a loan, so I decided to find out.
In the course of reporting a story earlier this year, I logged on to a site called eTaxLoan.com and filled out an application.
I asked for $500 and, to be safe, I made up an address, a name (Mary) and a Social Security number. The site asked for more sensitive stuff — a bank account number and a routing number — and I made that up, too.
Technology giant Apple is buying a large manufacturing space in Arizona, where high-tech glass for its devices will be produced. The move is being hailed in Arizona, where the economy remains slowed by the U.S. housing market crisis.
From Phoenix, Mark Moran of member station KJZZ reports for our Newscast unit:
Big box retailer Target said it will remove questions about prior arrests on its job applications, but many companies still ask. Host Michel Martin speaks with Madeline Neighly from the National Employment Law Project and Elizabeth Milito from the National Federation of Independent Businesses about the pros and cons of the practice.
It's open enrollment time again, the autumn period when many people with job-based health insurance ante up for another year.
Although news reports have fixated on the problems with the online health marketplaces that launched Oct. 1, for the vast majority of people that's a nonissue. If they get insurance through a job at a company that has at least 50 employees, they probably won't be using the marketplaces, also called exchanges.
Luxury property in the Big Apple goes for an average of around $2,000 a square foot. Much cheaper than comparable apartments in London at nearly $10,000 a square foot or $8,800 in Hong Kong. But The New York Times reports with the wealthy flocking to Manhattan, prices are going up.
With a vote of 61-30, the Senate voted to move forward on legislation that would prohibit workplace discrimination on the basis of sexual orientation and gender identity. Monday's vote opens the floor to debate on the bill and the Senate is expected to schedule a full vote by week's end.
Johnson & Johnson became the latest drugmaker to reach a costly agreement with the federal government over charges of improper marketing. The widely anticipated settlement, unveiled Monday, covers Natrecor, a drug for congestive heart failure, and antipsychotics Risperdal and Invega.
Originally published on Tue November 5, 2013 4:24 am
Last year, Sacramento Kings fans were saying goodbye, expecting the NBA team to move to Seattle. But new ownership came together just in time, and the Kings stayed put. The new management plans to build the Kings into a contender, and a big part of that blueprint involves building up a fan base in — believe it or not — India.
More than 12 million Americans buy health insurance on their own, and many are getting cancellation notices because their individual coverage does not meet the standards of the Affordable Care Act. This is causing anxiety and anger — especially since most of these people can't get onto the healthcare.gov website to figure out their options for 2014.
Originally published on Tue November 5, 2013 4:15 am
The world's top 100 billionaires have a combined fortune of $2.1 trillion, according to Bloomberg Markets magazine. In the latest issue out Tuesday, it lists the richest of the rich. Morning Edition's David Greene talked to editor Matthew Miller, who oversees the rankings.