CNN Money: Top business headlines for July 10

    6:29 AM, Jul 10, 2013   |    comments
    • Share
    • Print
    • - A A A +

    NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Wednesday, July 10.

    Tulsa's bid for 2024 Summer Olympics includes Fayetteville in the mix
    Tulsa has joined London, Tokyo, Barcelona and Athens in bidding on the 2024 Olympic Summer Games. Yes, it seems like a long shot. But Tulsa's efforts are worth keeping an eye on over here in the Natural State. Host cities are required to have a minimum of 45,000 hotel rooms. Tulsa, according to The New York Times, only has approximately 15,000 rooms. Included on the outline for Tulsa's bid is a reference to hosting Olympic soccer in Razorback Stadium on the University of Arkansas campus. Tulsa would also commandeer stadiums at Oklahoma State University and the University of Oklahoma.

    TSA's gun policy: Confiscate it, Instagram it
    Psst, wanna see some artsy photos of guns and knives? Check out a new U.S. government social media account. On June 27, the Transportation Security Administration began posting photos on Instagram of confiscated guns, knives, fireworks and even a stun gun disguised as a pack of Marlboro cigarettes. With just 11 photos posted, the TSA has already attracted more than 40,000 followers. Readers are chiming in, too. A photo of a firearm discovered in a carry-on bag, loaded, at the airport in Albuquerque garnered more than 800 "likes" and 100 comments.

    Federal agency spent $3 million fighting non-existent malware
    A Commerce Department agency spent nearly $3 million and more than a year fighting off a non-existent malware infection, going so far as to trash $170,000 worth of computers and other equipment in what an auditor cast as a wild overreaction to a misunderstood threat. An audit report describing the saga reads like a comedy of errors. Thanks to a series of miscommunications and what the report diplomatically describes as a technology staff that "lacked appropriate IT security skills," the U.S. Economic Development Administration went nuclear on a minor problem, eventually spending half its IT budget for last year attacking the phantom infection, according to a report released last month by the Commerce Department's inspector general.

    The four-day work week
    What would you do with your time if you only had to work four, three, or even two days a week? Decades ago, experts predicted we would all be working just 14 to 15 hours a week by now, and would have so much free time, we wouldn't even know what to do with ourselves. Instead, U.S. workers have been stuck with the official 40-hour workweek -- or even longer for many of us -- since 1938, in order to finance our ever-expensive lifestyles. More recently, a 1965 Senate subcommittee predicted we would be working 14 hours a week by the year 2000, with at least seven weeks of vacation time.



    Most Watched Videos