Daily business briefing: Contract negotiations planned for Bi-State workers

August 23, 2013 

Contract negotiations between the Bi-State Development Agency and the union that represents MetroBus drivers and MetroLink operators will resume the week of Sept. 9. The St. Louis Business Journal reports that Bi-State President and Chief Executive Officer John Nations has said the union has assured him there will be no work stoppages before both sides go back to the negotiating table next month. Read more at http://www.bizjournals.com/stlouis. ...


U.S. auto safety regulators are investigating complaints that 2012 Jeep Grand Cherokee SUVs are catching fire. On Friday, he National Highway Traffic Safety Administration announced that customers complained to the government that the ceilings of these models have caught fire near the passenger-side sun visor while they were driving. Reports in all three cases stated customers lowered their windows to clear the smoke, but that increased the fire's intensity. Find out more at http://www.bnd.com/business. ...


The three-hour trading outage on the Nasdaq stock exchange is expected to trigger more regulatory scrutiny on computer-driven trading. Super-fast electronic trading systems dominate the nation's stock markets and trading now relies heavily on computer systems that exploit split-penny price differences allowing stocks to be traded in fractions of a second. This has led to questions over potential dangers on Wall Street and Washington. For more, read http://www.bnd.com/business. ...


Actor Kevin Spacey says the film industry is risking failure if it doesn't recognize that viewers want control over what they watch, and when. On Thursday, the Oscar winner told the Edinburgh International Television Festival that television has overtaken cinema as the home of quality character-driven drama and the success of his political thriller "House of Cards" showed that viewers "want freedom." Said Spacey, "If they want to binge -- as they've been doing on 'House Of Cards' -- then we should let them binge." Learn more at http://www.bnd.com/business.

-- Will Buss

BND business writer

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