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.
Microsoft CEO Steve Ballmer announced he will be stepping down soon, so Microsoft must find a replacement. Without Bill Gates, or Ballmer, and with a changing tech landscape -- Microsoft needs to look at someone with experience in mobile and innovative computing. Also, why didn't NASDAQ have a backup system to prevent yesterday's hiatus? And finally, Ben Affleck is the new Batman. The world gives the casting choice a big thumbs down.
The tech-heavy trading on the Nasdaq stock exchange was halted by technical glitch. That means investors were unable to exchange the shares of more than 3,000 U.S. companies including Google, Apple and Microsoft. Its the latest problem in a series of mistakes and errors for the U.S. securities trading business. President Obama spoke about college affordability and what his administration is planning to do to lower costs for an education -- but what does a college degree actually cost?
Four billion people in the world lack Internet access. Facebook and a group of tech giants have launched an initiative to sign more of them up for Internet access. The project -- and goal -- is philanthropic, yes. But could more Internet users mean more Facebook accounts? The White House is facing pressure to pay its unpaid interns, to allow more students from lower-income backgrounds to apply. But who are White House interns anway?
Besides direct financial aid that the U.S. provides Egypt, the U.S. military also helps educate Egyptian military officers. On the other hand, the Egyptian military spends a lot of the money it gets from the U.S. on military contracts with American firms, such as General Dynamics and Lockheed Martin. Also, social networking site LinkedIn lowered its sign up age to 14 and will start trying to work with college students and high-schoolers to start networking. And most importantly: Isn’t LinkedIn for parents?