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AmEx Travel Section Bears The Brunt Of Layoffs

American Express has announced plans to eliminate 5,400 jobs in the coming year. Expenses rose faster than revenue for the credit card giant and fourth quarter profits were down sharply. The company said the largest reductions would come in the global travel business.
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.
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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

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.
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Virginia Makes Its Case To House New FBI Headquarters

Virginia lawmakers showed up in force on Thursday to make their pitch to federal officials for a new FBI headquarters in Northern Virginia.

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.
WAMU 88.5

Southwest D.C. Gears Up For More Redevelopment

There may be no part of D.C. that's seen more change over the past century than Southwest. And developers are in the midst of more work they hope will make the area a true waterfront destination.

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