How many reward miles you rack up at United (UAL) will no longer depend on the number of miles you fly, but on how much you spend for those flights. United Club members will get five miles for every dollar spent, and premier-level fliers will get 7 to 11 miles for each dollar spent. The change takes effect next March. Earlier this year, Delta Air Lines (DAL) made a similar change to its frequent flier plan. Some consumer finance experts say these changes reduce the value of frequent flier rewards for people who shop for travel bargains.
There were more jobs available in April than at any time in seven years. The Labor Department says job openings totaled 4.5 million, up from 4.2 million the month before. However, businesses aren't necessarily rushing to fill those openings. The number of people hired in April was little changed from March.
Wall Street on Tuesday, the three major averages closed within 3 points of where they began the day. Still, the The Dow Jones industrial average (^DJI) eked out a fourth straight record high.
Finally, Amazon.com (AMZN) is reportedly preparing to launch a new operation focusing on local services. Reuters says it could help you locate plumbers, babysitters and other service providers in your neighborhood -- and present a major challenge to Angie's List (ANGI), Yelp (YELP) and others.
-Produced by Drew Trachtenberg.