Business

2:00am

Thu March 29, 2012
Business

Nationwide Strike Begins In Spain

The strike is targeting the transportation sector, and it's possible that air travel will be shut down almost completely. Union members are protesting a major labor overhaul bill that's being pushed by the conservative government.

2:00am

Thu March 29, 2012
Business

EU Deal Expected To Lower Mobile Roaming Fees

European officials have agreed to overhaul mobile roaming fees. That would allow consumers to pay less for calls, texts and mobile web services when traveling abroad. Consumer advocates are urging the EU to go further, and eliminate roaming fees altogether.

1:54am

Thu March 29, 2012
Business

Former MF Global Exec Takes 5th At Hearing

Originally published on Thu March 29, 2012 9:28 am

Former MF Global Holdings Ltd. Chairman and CEO Jon Corzine testified on Capitol Hill in December. On Wednesday, a former executive at the company refused to answer lawmakers' questions about events in the run-up to the firm's collapse.
Susan Walsh AP

A former executive at the center of the meltdown of brokerage firm MF Global appeared before Congress on Wednesday to answer questions from lawmakers. Members of the House Financial Services Committee were hoping assistant treasurer Edith O'Brien would explain the actions of the firm's CEO, ex-New Jersey Gov. Jon Corzine.

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1:13am

Thu March 29, 2012
Business

National Trend 'Mobs' Local Businesses With Cash

Originally published on Thu March 29, 2012 4:36 am

Lander's clothing store in Jamestown, N.Y., prepares for a "cash mob" to descend last week.
Daniel Robison WBFO

You may have heard of "flash mobs," where a mass of people invade a public space to make a scene. Now the idea has been turned on its head by "cash mobs," where large crowds of consumers show up at small businesses to spend money. But it's not just about propping up the local economy.

It's 5 o'clock on a Friday, and mostly quiet in the Lander's Men's Store, a mom-and-pop clothing store in Jamestown, N.Y. But shop owner Ann Powers is anticipating a mob.

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1:11am

Thu March 29, 2012
Around the Nation

Can A Small Town Survive Without Its Bank?

Terry Tatro and Irene Clarke stand in front of the People's United Bank branch on Main Street in Alburgh, Vt. The two feared that the bank's closing would leave a gaping hole in their community.
Sarah Harris VPR

Alburgh, Vt., is a town with unusual geography: It's on a peninsula that borders Quebec and is surrounded by Lake Champlain. Even though the town is small and isolated, its residents have always had somewhere to do their banking.

But in January, the People's United Bank branch on Main Street announced it was closing its doors. When Irene Clarke heard the news, she decided to do something about it.

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