Marketplace for Monday, August 26, 2013
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The merger of BATS and Direct Edge creates the second-largest stock exchange in the U.S. These exchanges, created by big financial institutions, were built for speed. Plus, Donald Trump is being sued for allegedly defrauding Trump “University” students. But in addition to his name on an online school, Trump also has made big business out of licensing his brand. Finally, the wildfire in California near Yosemite is one of the largest in state history. Cities and local communities are threatened -- the next step for the people whose homes have been destroyed is likely a call to their insurance company. And many of the people who live in fire-prone areas can't get regular fire insurance.
Posted In: fashion, e-commerce
On social commerce sites, users curate their own recommendations, and people can even get a cut of any sales.
Posted In: fire, insurance
As the Rim Fire in California continues to spread from Yosemite National Park, thousands of homes are threatened. In many areas in the West, insurance pools make it possible to build housing in high-risk fire zones.
Posted In: NYSE, NASDAQ
The merger of BATS and Direct Edge will create the second-largest stock exchange in the U.S., passing the Nasdaq.