Goldman Sachs is reportedly planning to hold back paying bonuses to its employees in the U.K. That's according to the Financial Times, which reports the bank is looking at waiting until the top British tax rate falls by 5 percent in April before paying out the bonuses that would otherwise pay now.
When students at the University of Vermont resume classes on the snow-covered Burlington campus Monday, something will be missing: bottled water. UVM is the latest university to ban on-campus sales of bottled water.
At one of UVM's recently retrofitted refill stations, students fill up their reusable bottles with tap water. For many of the 14,000 students and staff on this campus, topping off their refillable bottles is an old habit.
Of course, this last week has been kind of a nightmare for Boeing and its new 787 Dreamliner. In three separate incidents in as many days, airline carriers reported problems with brakes, with fuel leaks and a battery fire. The U.S. Department of Transportation has announced a comprehensive review of the new plane. Joining us now to talk about Boeing's new 787 is Joe Nocera, op-ed columnist for The New York Times, and our man on finance and other matters. Joe, thanks very much for being with us.
Originally published on Fri January 11, 2013 7:23 pm
By Avie Schneider
<strong>Why Is Facebook CEO Mark Zuckerberg Smiling?</strong> Maybe because someone might be willing to pay $100 to send him a message.
Credit Paul Sakuma / AP
If you're a casual observer of the stock market, the last time you tuned in to what was happening with Facebook's stock was probably last May.
In those days after the company's long-anticipated initial public offering, its price was diving daily — exactly the opposite of what many had expected given the hype leading up to Facebook's IPO.
The IPO itself was full of technical problems — many buyers weren't sure if their orders went through. And then there were questions about whether Facebook could figure out how to make money in its fastest-growing segment — mobile.
A pair of prominent hedge fund managers have taken opposing positions on the nutritional-supplement company Herbalife. Bill Ackman of Pershing Square Capital Management says the multilevel-marketing company is a pyramid scheme and a bad investment. He's shorting the stock. Dan Loeb of hedge fund Third Point says Herbalife is a good investment. He's taken an 8.2 percent stake in the company and is betting that its shares will rise. Melissa Block talks with David Kestenbaum of the Planet Money team.
Millions of computer users who run the most recent versions of Oracle's Java software should disable the product owing to security flaws, says the cybersecurity section of the Department of Homeland Security. The agency says, "Web browsers using the Java 7 plug-in are at high risk."
The Consumer Financial Protection Bureau released new rules for mortgages this week. But neither the banking industry, nor consumer groups are completely happy. Host Michel Martin gets a sense of the current state of mortgages and foreclosures with real estate columnist Ilyce Glink and Keli Goff, political correspondent for The Root.
Originally published on Fri January 11, 2013 11:29 am
By Scott Hensley
Tredaptive, a booster of good cholesterol, is dead.
Drugmaker Merck just stuck a fork in a vitamin-based drug to prevent heart disease and stroke.
The company is withdrawing Tredaptive, a long-acting pill combining niacin (No. 3 in the long list of B vitamins) and laropiprant, a chemical that reduces the unpleasant skin flushing caused by high doses of niacin.