In this episode, airline have helped airlines return to profitability, but a dollar earned on fees isn't necessarily the same as a buck made from a flight reserveation. Kenya finds a huge supply of water, and As Tina Brown departs the Daily Beast, we ask what it takes to make it in the conference business.
The rich are getting richer, but in different ways. Sports boosters can be great for a university, but their financial support comes at a high price. And a landmark environmental law comes under attack in California, as legislators complain the law has been abused.
Trouble in Syria is roiling oil markets. But Syria doesn't produce any oil, begging the question why the tiny Middle Eastern country's issues are having such an outsize effect on the global economy. Today the Dow Jones Industrials drops Alcoa, Hewlett Packard, and Bank of America, and adds Goldman Sachs, Nike and Visa. The apparently random and arbitrary changes highlight the shortcomings and limitations of the index, and raise the question why the Dow remains such an enduring economic indicator. Magazine covers can make or break celebrities, and the covers of big publications like Vogue or Vanity Fair can make news. Deciding what makes a cover is a tough business, and there's a whole lot at stake for everyone involved.
Corporations have been moving away from providing retiree health benefits for years. Now IBM joins those choosing to pay retirees an annual lump sum they can use to buy insurance through a private exchange. How much can companies save by sending people to private exchanges?
The Labor Department's jobs report comes out every month -- but it's actually two reports in one. This month, one survey shows the economy adding jobs, and the other shows it losing jobs. How do you make sense of that? next, we're hearing more about how much the National Security Agency can surveil -- will the revelation (at least for much of the public) that data encryption isn’t secure change the way businesses operate? And finally, consumer products companies are offering customers upscale versions of everyday household goods – everything from embossed paper towels to tampons in designer packaging.