CNN Money: Top business headlines for August 30

    6:39 AM, Aug 30, 2013   |    comments
    • Share
    • Print
    • - A A A +

    NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Friday, August 30.

    Ground broken for Arkansas River Resource Center at LR Port Authority
    Ground was broken Thursday morning on a new, 5,000-SF home for the Little Rock Port Authority. The Arkansas River Resource Center will be located on 4.2 acres at the end of Industrial Harbor Drive on the banks of the Arkansas River. In addition to the Port Authority, the center also will house the Little Rock Port Authority Shortline Railroad and the Arkansas Waterways Commission. The facility will feature high-tech audio-visual systems, conference rooms and meeting space, according to a press release, and is designed to enhance economic development, marketing and educational activities related to navigation of the Arkansas River.

    43% pay no federal income taxes
    A little more than 43% of U.S. households -- or 70 million homes - will end up owing no federal income taxes for 2013. That's down from recent years because of an improving economy and the expiration of various tax cuts that were passed after the 2008 financial crisis, according to the nonpartisan Tax Policy Center, which published its latest estimates on Thursday. The households with zero income tax liability are not evenly distributed across income groups. The majority this year -- nearly 67% -- have incomes below $30,000.

    Employers play Obamacare blame game
    No more health benefits for spouses. Higher deductibles for employees. More cost-sharing. Employers are citing increased costs imposed by the Affordable Care Act -- as Obamacare is formally known -- as part of the reason they are pulling back on benefits.

    More than 22 million workers play fantasy sports; should employers be worried?
    With football season just a week away, that means fantasy football also is set to kick off. Outplacement firm Challenger, Gray and Christmas says more than 22 Million workers play fantasy football. And it says the nation's employers can expect the fantasy sports enthusiasts in the office to spend at least an hour of work time managing their teams each week during the 13- to 17-week season. Challenger says every hour of unproductive work time costs an employer almost $24 dollars. That adds up to $8.3 Milliion for the entrire football season.



    Most Watched Videos