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NPR

Spain's Banks Face Layoffs, New Regulations

A major overhaul of Spain's banking system is in full swing. Felled by the housing crunch, Spanish banks are getting billions in rescue loans from Europe, but they'll have to lay off about 55,000 workers in exchange.
NPR

Geithner Began With 'Smoldering' Economy; What Does He Leave?

Timothy Geithner presided over Treasury at a particularly tumultuous time. The banking system was still in a crisis, and people were soon calling for his head. Naming his replacement four years later, President Obama said Geithner will be remembered "as one of our finest secretaries of the Treasury."
NPR

Black Market Pharmacies And The Big Business Of Spam

An apparent feud between two black market pharmacies sheds light on a shady global industry.
NPR

American Express To Cut 5,400 Jobs

The cuts will come primarily in the company's travel business, and account for about 8.5 percent of AmEx's 63,500- person workforce. American Express said it will take a $287 million restructuring charge associated with the layoffs.
NPR

To Catch Worker Misconduct, Companies Hire Corporate Detectives

As businesses face more complex regulations and heightened scrutiny by prosecutors, companies are turning to investigative firms to help keep watch over their employees. The idea behind the "corporate monitoring" business is to nip misconduct in the bud before law enforcement catches a whiff of it.
NPR

What Does $1 Trillion Worth Of Platinum Look Like?

Just for the sake of financial fun, we've calculated how much platinum it would actually take to mint a coin with $1 trillion worth of the metal in it. Turns out, it's probably more platinum than mankind has available on the market right now.

NPR

Obama Taps Top Aide Lew For Treasury

The president has nominated his chief of staff. Jack Lew is also a former budget director in both the Clinton and Obama administrations. He would replace Timothy Geithner, who plans to step down soon.

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