CNN Money: Top business headlines for August 21

    6:47 AM, Aug 21, 2013   |    comments
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    NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Wednesday, August 21.

    Health insurance premiums rise faster than wages
    Health insurance premiums rose a modest 4% in 2013, but that's still more than twice the rate of workers' wages. Workers are shelling out an average of $4,565 for their employer-sponsored family health coverage this year, according to the annual survey conducted by the Kaiser Family Foundation and the Health Research & Educational Trust. That's still only 28% of the total price of $16,351.

    Could airline mergers actually increase competition?
    The government's intervention to block the merger of American Airlines and U.S. Airways was "an interesting story in an otherwise dull August," said Joe Terril, president of Terril & Co. in St. Louis. "The government's theory is, 'Let's reject it because it will reduce competition,'" Terril said in an interview Tuesday. "I would argue that if you don't let them merge, they will go broke. "Let them merge so they can compete against Delta and Southwest," he said. "If you don't, there will be less competition because American and U.S. Air will disappear."

    iPhone doesn't really use more power than fridge
    Charging an iPhone consumes 100 times less electricity than a fridge, researchers say, but a study released last week suggests that the smartphone's hunger for power is far greater than that of even the biggest kitchen appliance. While most scientists agree that the cost of charging a smartphone is small, they are bitterly divided over how much smartphones use when connected to the cellular network. The hidden cost of running a smartphone is 40 kwh per year if the phone is used for voice and text, and then rises to 300 kwh with general usage - including use of options like Siri and YouTube and 10 gigabytes of data per month, according to a new report by Mark P. Mills, founder and CEO of the Digital Power Group, a consultancy and capital advisory group and senior fellow of the Manhattan Institute, a think tank.

    Memo to jobseekers: Switch to decaf
    Few workplace rituals are more suspenseful than a job interview, but is it really a "dreaded, stressful ordeal"? Yes, says a new report that sums up the results of a survey of 1,002 employed adults by Harris Interactive and Everest College. It seems that 92% of Americans fear at least one thing, and often several, about meeting a prospective employer. The most widespread worry: Seeming nervous (17%), followed by being overqualified (15%), being stumped by an interviewer's questions (15%), showing up late (14%), being underqualified (11%), and not being prepared (10%).



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