The bottom line
Goldman Sachs' $2.1 billion new headquarters; Factory production up, jobless benefit applications up; A futures exchange for Hollywood movies; Major airlines vow not to charge for carry-on luggage; The old-boy network in high-tech
Goldman Sachs' $2.1 billion new headquarters
Goldman Sachs’ new 43-story, 2.1 million–square–foot headquarters building in downtown Manhattan cost $2.1 billion to build. It contains six trading floors, each larger than a football field, and a 54,000-square-foot gym.
The Wall Street Journal
Factory production up, jobless benefit applications up
Factory production rose 0.9 percent in March, accelerating from a 0.2 percent increase in February, the Federal Reserve reports. But that increase was not accompanied by a boost in employment. First-time applications for jobless benefits last week rose an unexpected 24,000.
A futures exchange for Hollywood movies
Investors will soon be able to bet on Hollywood movies. The Commodity Futures Trading Commission has approved an Indiana company’s application to start a futures exchange that would trade derivatives linked to the box office performance of new releases.
Major airlines vow not to charge for carry-on luggage
American, Delta, JetBlue, United, and US Airways have pledged not to charge passengers for carry-on luggage. Tiny Spirit Air said recently it would charge up to $45 for carry-on bags that don’t fit under the seat.
The old-boy network in high-tech
Women own 40 percent of the small businesses in the U.S. but only 8 percent of high-tech start-ups backed by venture capital. Although outright sexism in the tech industry is rare, many female entrepreneurs say the old-boy network subtly limits their opportunities.
The New York Times