Must Read Money Stories For Friday, April 3

by April 3, 2015

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The economics of the big deal. On Thursday, President Obama announced a breakthrough in an agreement to convince Iran to halt progress on nuclear weapons. Bloomberg asks the obvious next question: What does the deal for American businesses?

Everyone wants a seat at the table. Applications for China’s new development bank soared as the deadline to join the organization ends this week, the New York Times reports. Some of its last-minute applicants aren’t exactly buddies with Beijing; Norway, which awarded a Nobel Peace Prize to a dissident Chinese writer a few years ago, and Taiwan, still considered a breakaway territory by the Chinese, both requested to join the bank. Japan declined, but the high number of founding members for the Asian Infrastructure Investment bank is a huge win for China over the United States, which actively discouraged countries from joining.

Extra! Extra! NiemanLab reports on some big moves happening in the newspaper industry. One major announced deal is moving forward, and another previously unreported deal involving Gannett is in the works. Bottom line: Millions of readers will be getting used to new ownership for their beloved local papers.

Heroes in a half shell. The Hollywood Reporter has the behind the scenes story of the making of Teenage Mutant Ninja Turtles, which was released 25 years ago this week. The story involves 75-pound costumes, Jim Henson and Gallagher. Yes, that Gallagher. This one might not give you any story ideas of your own, but it’s a fun read anyway.


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