Marketplace for Thursday, December 20, 2012
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Now that the New York Stock Exchange has been bought, what does it mean for investors? Christmas falls on a Tuesday this year, which gives shoppers -- and retailers -- an extra weekday for finding that last-minute gift. The demand for architects is on the rise. Shaquille O’Neal announced he will launch a new vodka called Luv Shaq. Stephen Beard follows the rise of Shahid Nazir from fish monger in London to a worldwide Youtube sensation. And we hear the story of a man who, after serving 13 years in prison, found out he owed the city of Philadelphia almost $42,000.
Posted In: Wealth and Poverty, prison, Crime, debt, Philadelphia
Since 2010, the courts of Philadelphia have embarked on a massive debt collection from ex-offenders. It’s an attempt to collect on $1.5 billion in old fees, fines and forfeited bail owed to the criminal justice system.
Posted In: Retail, holiday shopping, Christmas
Christmas is on a Tuesday this year, meaning procrastinators get an extra day at the beginning of next week to finish up their shopping. And because Thanksgiving was as early as it could be this year, it's an extra-long holiday season for retailers.
Posted In: Mergers and Acquisitions, NYSE
It's another sign the global business world has become less centralized and more diffuse. The company poised to buy the New York Stock Exchange for more than $8 billion is based not in a world financial center, but in Atlanta.