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    CNN Money: Top business headlines for Sept. 19

    5:48 AM, Sep 19, 2013   |    comments
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    NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Thursday, September 19.

    Federal Reserve says no taper
    The Federal Reserve will continue its bond-buying program at full blast for at least another month, as the economic outlook remains too tepid to satisfy the central bank."Taking into account the extent of federal fiscal retrenchment, the Committee sees the improvement in economic activity and labor market conditions since it began its asset purchase program a year ago as consistent with growing underlying strength in the broader economy," the Fed said in a statement.

    Most employees still in the dark about health care reform
    Companies have already explained to their workers the changes that will arise from the Patient Protection and Affordable Care Act. After all, the law has been around for well over two years, and the original deadline for telling employees how it would affect them was way back in March, then got extended until October 1.

    Walgreens shifts workers to private health exchanges
    Walgreens will stop offering health insurance directly to its workers in 2014, instead shifting them to policies in a private insurance exchange, the company announced Wednesday.
    Walgreens will subsidize the cost of the policies, and more than 160,000 workers will be affected. The medical plan includes more traditional HMO and PPO policies, as well as three high-deductible plans, where workers shoulder higher out-of-pocket costs in exchange for lower monthly premiums. This year, the company only offered two high-deductible plans.

    One in 8 workers will never retire
    It looks like many people will see out their days in the office. A new global study finds nearly one in eight workers expect they will never be able to afford to retire fully. In the U.S. and U.K, the figures are even worse. The report by HSBC paints a gloomy picture of sustained financial hardship and new working habits despite the world economy returning to health.

     

     

     

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