Marketplace Morning Report for Thursday April 24, 2014
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General Motors is out with its quarterly earnings -- its first report since a February recall over faulty ignition switches. Earlier this week, the automaker said it would restructure its engineering division and add new safety investigators. We look at the other hirings and firings that are expected in the wake of the recall. Plus, an iconic New York restaurant in Central Park reopens tomorrow after being closed for four years. Tavern on the Green had a long history as a famous event space - but was beset by financial problems before its closure. The new owners want to put its 'tourist trap' days behind them.
This morning brought a bit of a reversal fortune for tech companies that have been getting pummeled in recent weeks. The FCC is expected to introduce new rules today that will allow broadband providers to charge companies for faster internet service. Colleges are growing their wait lists and using them in some surprising ways.
Posted In: airbnb
With Airbnb defending its sharing economy, some believe the site's model is a sign of things to come.