Closely watched index is up; points to stronger growth
The New York Times reports that the Conference Board, a global business research association, issued its index of leading indicators showing an increase of 0.6 percent last month to a reading of 96. There was no change in June and a 0.2 percent increase in May. The index can signal economic conditions over the next three to six months. The solid gain suggests that economic growth is picking up after a weak start, and points to stronger growth in the second half of the year.
Bank of America to review intern working conditions
The New York Times reports that Bank of America Corp. is reviewing the working conditions of its junior employees after a 21-year-old intern died recently in London. Moritz Erhardt, a German business administration student who was working as an intern at Bank of America Merrill Lynch, died at his student housing in East London on Aug. 15. Unconfirmed reports on social network forums said that long working hours during his summer internship might have played a role in his death.
Time Warner's fix for CBS blackout: free rabbit ears!
CNNMoney reports that Time Warner Cable is offering free antennas to any subscribers who want to watch CBS programming, as the impasse between the two companies hits the three-week mark. In an email to customers on Friday, Time Warner Cable said that it is "making basic indoor antennas available at no cost," so viewers can watch CBS shows over the air.