Business

Business
6:44 pm
Sun February 2, 2014

Obama's State Of The Union And Your Economic Reality

President Barack Obama looks at a crank shaft as he tours General Electric's Waukesha Gas Engines facility on Thursday in Waukesha, Wis. as part of a four-stop tour he is making to expand on themes from his State of the Union address, including the economy.
AP

Originally published on Mon February 3, 2014 7:20 am

In his State of the Union speech Tuesday, President Obama stepped up to a podium before Congress and the country and declared that the state of our union was strong.

"Here are the results of your efforts: The lowest unemployment rate in over five years; a rebounding housing market; a manufacturing sector that's adding jobs for the first time since the 1990s," the president said.

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Business
11:13 am
Tue January 21, 2014

Workers May Be Missing, Or Maybe Just Retiring

Is the economy strengthening, or is the jobless rate falling only because so many people are dropping out of the workforce?
iStockphoto

Originally published on Tue January 21, 2014 12:52 pm

For more than four years, the unemployment rate has been sliding down — from a 10 percent peak to today's 6.7 percent.

But does that reflect a fast-strengthening economy? Or is the rate falling only because so many people are dropping out of the workforce?

In coming weeks, members of Congress and the Federal Reserve Board will be making big policy decisions based upon their best understanding of those unsettled questions.

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Business
3:39 am
Fri January 17, 2014

The Birth Of The Minimum Wage In America

Franklin D. Roosevelt Libarary

Originally published on Fri January 17, 2014 4:46 pm

In 1895, legislators in New York state decided to improve working conditions in what at the time could be a deadly profession: baking bread.

"Bakeries are actually extremely dangerous places to work," says Eric Rauchway, a historian at the University of California, Davis. "Because flour is such a fine particulate, if it gets to hang in the air it can catch fire and the whole room can go up in a sheet of flame."

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Business
8:07 am
Tue January 14, 2014

Congress Poised To Pass $1.1 Trillion Spending Bill

Jonathan Ernst Reuters/Landov

Originally published on Tue January 14, 2014 8:24 am

The House is expected to vote Wednesday on a $1.1 trillion spending bill that would fund the federal government into October and bring to an end, for now at least, the bitter partisan battles that have led to one government shutdown and threatened to push the U.S. into defaulting on its bills.

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Business
3:36 am
Tue January 14, 2014

Security Experts Say Data Thieves Are Getting Harder To Fight

Target Co. estimates that at least 70 million individuals may have had information including their "names, mailing addresses, phone numbers or email addresses" stolen in a recent data breach.
Joe Raedle Getty Images

Originally published on Tue January 14, 2014 8:53 am

The recent disclosure that a large trove of customer information was stolen from Target, and now also from Neiman Marcus, points to growing vulnerabilities in cybersecurity. And experts say the problem is becoming more difficult to combat.

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Business
8:28 am
Fri January 10, 2014

Target Says 70 Million Individuals' Data May Have Been Stolen

Justin Sullivan Getty Images

Originally published on Fri January 10, 2014 9:52 am

The size of the data breach at Target Co. stores late last year took a sharp rise Friday when the retailer said it now estimates that up to 70 million individuals may have had information that includes their "names, mailing addresses, phone numbers or email addresses" stolen.

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Business
8:15 am
Fri January 10, 2014

Economy Adds Only 74,000 Jobs In December; Jobless Rate At 6.7 Percent

Sign of the times? A "help wanted" sign in the window of a Philadelphia business last year.
Matt Rourke AP

Originally published on Fri January 10, 2014 2:08 pm

  • On 'Morning Edition': NPR's Yuki Noguchi and David Greene preview the jobs report
We'll be posting updates after the report's 8:30 a.m. ET release.

There were only 74,000 jobs added to public and private payrolls in December, but the unemployment rate fell to a 5-year low 6.7 percent, the Bureau of Labor Statistics said Friday morning.

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Business
7:02 am
Fri January 10, 2014

Bitcoin Takes Stage In Texas Senate Campaign

angering the feds). Bitcoin is a virtual currency that has been the subject of a recent Federal Election Commission discussion." href="/post/bitcoin-takes-stage-texas-senate-campaign" class="noexit lightbox">
One man produced physical versions of bitcoins (before he realized he was angering the feds). Bitcoin is a virtual currency that has been the subject of a recent Federal Election Commission discussion.
Rick Bowmer AP

Originally published on Fri January 10, 2014 9:33 am

When Texas Rep. Steve Stockman announced recently that he'll accept donations in bitcoins, he raised some eyebrows.

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Chornyak & Associates
1:00 am
Wed January 1, 2014

A Financial Checklist For 2014

Chornyak Assoc.

A new year is upon us and we think that this month's newsletter will help you get off to a good start.

For example, Commonwealth Financial Network gives you a useful monthly plan to remind you of different financial issues that need to be taken care of during the year. Read the full article here.

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Business
7:47 am
Thu December 26, 2013

Apologies, Promises From UPS And FedEx About Delivery Delays

UPS delivery man Vinny Ambrosino was dressed for the holiday season on Tuesday as he delivered packages in New York City. Not all the things ordered for Christmas got to their destinations on time.
Carlo Allegri Reuters/Landov

Originally published on Thu December 26, 2013 8:28 pm

Update at 8:20 p.m. ET. Amazon, UPS, Offer Refunds:

The Washington Post reports:

"Amazon and UPS said Thursday they would offer refunds to customers who did not receive their Christmas orders on time, after a surge in last-minute online shopping caught the shipping giant off guard."

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Business
6:47 am
Thu December 19, 2013

Breach At Target Stores May Affect 40 Million Card Accounts

Justin Sullivan Getty Images

Originally published on Thu December 19, 2013 9:04 am

Target Corp. acknowledged early Thursday that there was a massive security breach of its customers' credit and debit card accounts starting the day before Thanksgiving and extending at least to Dec. 15 — the heart of the holiday shopping season.

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Business
3:04 am
Wed December 18, 2013

What It's Like To Live On Low Pay In A Land Of Plenty

Manny Cardenas, seen here with his 5-year-old daughter Zoe, has earned $16 an hour as a part-time security guard at Google.
Laura Sydell NPR

Originally published on Wed December 18, 2013 1:11 pm

This week, we're exploring the San Francisco Bay Area and the way income inequality is affecting the region. Check out the other pieces of the week, aggregated on this page.

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Business
9:49 am
Tue December 17, 2013

From 'Death Jars' To Wasps: A Quest To Stamp Out The Stink Bug

The invasive brown marmorated stink bug has become an expensive nuisance for U.S. farmers. It has spread to 40 states and eats about 100 different crops.
Matt Rourke AP

Originally published on Tue December 17, 2013 10:26 am

The brown marmorated stink bug doesn't just smell bad. It's also been causing trouble for homeowners and farmers from New Hampshire to California for the past three years.

No predators are eating the invasive species fast enough to keep it under control, but researchers think they may have found a solution to the stink-bug menace.

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Business
4:30 pm
Thu December 12, 2013

Photo: Where Cars Go After A Flood

Cars line the runway and taxiways at Calverton Executive Airpark in Calverton, N.Y., on Jan. 9.
Stan Honda AFP/Getty Images

Originally published on Thu December 12, 2013 6:53 pm

In the days, weeks and months after Superstorm Sandy, we editors got used to seeing lots of similar types of images of devastation, destruction and loss. Beaches. Houses. Taxis.

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Business
7:21 am
Tue December 10, 2013

French Court Sentences Executive For Selling Faulty Breast Implants

Originally published on Tue December 10, 2013 2:16 pm

A French court has sentenced the head of a company that sold tens of thousands of defective breast implants to four years in prison for aggravated fraud. Poly Implant Prothese was once among the world's leaders in supplying implants. But its product was found to have a high rupture rate.

From Paris, NPR's Eleanor Beardsely reports:

"The Marseilles court convicted Jean-Claude Mas, the founder of the company, and three colleagues.

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Business
5:12 am
Tue December 10, 2013

BP Argues Companies Are Unfairly Cashing In On 2010 Spill

The Deepwater Horizon oil rig burns in the Gulf of Mexico in April 2010.
Gerald Herbert AP

Originally published on Tue December 10, 2013 12:56 pm

Oil giant BP is challenging hundreds of millions of dollars in claims that were filed by businesses after the company's 2010 oil spill in the Gulf of Mexico.

The total price tag for BP's oil spill is huge — $42.5 billion. At issue here is a fraction of that — but still a lot of money. BP says $540 million has been awarded to businesses for losses that "are either nonexistent, exaggerated or have nothing to do with the Deepwater Horizon accident."

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December 2013
1:06 pm
Mon December 9, 2013

Tips & Tricks for Smart Holiday Shopping

http://www.babble.com

For many people, one of the joys of the holiday season is shopping.  For others it's a chore that brings on stress.  In either case, our post this month provides lots of information that will make you a more informed consumer.  

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Business
6:38 am
Mon December 9, 2013

New York's Insurance Exchange Readies For Holiday Rush

Joey Cappuccitti, who works at a Maximus call center, talks with a person looking for help with New York's insurance exchange.
Fred Mogul

Originally published on Mon December 9, 2013 10:55 am

New York's health insurance marketplace has been running relatively smoothly, compared with healthcare.gov, the site the federal government is running for 36 states.

But that's a low bar, and even though about 50,000 New Yorkers had signed up in the first two months, almost every day still brings complaints and glitches. Donna Frescatore, the head of the New York State Of Health, says there are no serious patterns of trouble, just individual issues that the state and its contractors address one by one.

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Business
2:40 pm
Sun December 8, 2013

Is Mining On The Moon's Horizon?

Alexander Klein AFP/Getty Images

Originally published on Sun December 8, 2013 6:27 pm

A U.S. company is taking what it hopes to be a small step toward eventually mining the moon.

Moon Express, based in Mountain View, Calif., just unveiled the design for a small robot spacecraft about the size of a coffee table that it says could move about the moon's surface powered only by solar panels and hydrogen peroxide.

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Business
10:57 am
Fri December 6, 2013

Paneer Pizza: Domino's Sees India Becoming Second-Largest Market

An employee rides a motorcycle to deliver Domino's pizzas in New Delhi this past May. Domino's Pizza CEO J. Patrick Doyle says India is poised to become the chain's largest market outside the U.S., on the strength of a menu tailored to Indians' tastes.
Anindito Mukherjee Reuters/Landov

Originally published on Fri December 6, 2013 1:40 pm

In recent years, Domino's Pizza has rapidly expanded overseas — helping it open stores at a faster clip than Starbucks or Dunkin' Donuts, according to Forbes. Part of that growth is in India, which company CEO J. Patrick Doyle says is poised to supplant Britain as the chain's largest market outside the U.S.

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