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.
The last will and testament of the man who once conquered much of Europe is being auctioned in Paris. It is expected to go for more than $100,000. The original letter in Napoleon's illegible handwriting is in France's National Archives.
A pay hike for thousands is at the top of NPR's business news.
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RENEE MONTAGNE, HOST:
In the Seattle suburb of SeaTac, supporters of a ballot initiative implementing a $15 hourly minimum wage are declaring victory. The measure would benefit some 6,300 workers in the travel and hospitality industries around Seattle's main international airport.
A mysterious barge stacked with shipping containers is docked at a pier on Treasure Island in San Francisco Bay. It's owned by Google but Google isn't revealing the reason the barge is there. The barge has captured the imagination of people around the globe.
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.
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.
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: