Costs of the minimum wage hike

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The new minimum wage may mean higher prices for consumers as companies pay for higher payroll costs. Source: CNNMoney – video report Date: 7/24/2009 Keys: Budgeting, cash flow, expenses, working capital Link: http://money.cnn.com Questions for discussion: How might management of the food store respond to the rise in the minimum wage? Rank your choices starting… Read more »

Get ready for banking’s next headache

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A weak economy and frozen financing markets could spell trouble for regional banks with big commercial loan portfolios. Source: CNNMoney.com Date: 7/27/2009 Keys: Finance, economy, investing Link:  http://money.cnn.com Questions for discussion: Banks reflect the economic conditions that exist through the state of their loans to businesses and consumers.  Summarize the reasons given for concern over… Read more »

Schumer Presses SEC for Ban on ‘Unfair’ High-Frequency Trades

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Charles Schumer, the third-ranking Democrat in the U.S. Senate, asked the Securities and Exchange Commission to ban so-called flash orders for stocks, saying they give high-speed traders an unfair advantage. Source: Bloomberg.com Date: 7/25/2009 Keys: Stock market, valuation, trading, environment Link:  http://www.bloomberg.com Questions for discussion: Do you think these new technologies should be regulated by… Read more »

Ericsson to Acquire Nortel Unit for $1.13 Billion

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Ericsson AB, the world’s largest maker of wireless phone networks, will buy the wireless equipment unit of insolvent Nortel Networks Corp. for $1.13 billion after beating bids from Nokia Siemens Networks and MatlinPatterson Global Advisers LLC. Source: Bloomberg. com Date: 7/25/2009 Keys: Asset acquisition, bankruptcy, valuation, planning Link: http://www.bloomberg.com Questions for discussion: Why would Ericsson… Read more »