Business

Business
6:24 pm
Tue February 11, 2014

Going To College May Cost You, But So Will Skipping It

A new study shows that the income gap between young adults who go to college and those who don't only continues to grow.
iStockphoto

Originally published on Tue February 11, 2014 8:00 pm

In America, total student loan debt tops $1 trillion and a four-year college degree can cost as much as a house — leaving many families wondering if college is really worth the cost.

Yes, a new study of young people finds. The study, released Tuesday by the Pew Research Center, looks at income and unemployment among young adults. Paul Taylor, executive vice president of special projects at Pew, says it's pretty much case closed when it comes to the benefits of going to college.

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Chornyak & Associates
5:56 pm
Tue February 11, 2014

Preparing Your IRS Forms

Chornyak Assoc.

Preparing your IRS forms? Commonwealth Financial Network gives you a sound introduction on what changes are in place for 2013 and what we can expect in 2014.

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Business
5:55 pm
Tue February 11, 2014

Graco Recalls Nearly 3.8 Million Child Car Seats

The My Ride 70 was one of the models recalled by Graco.
Graco

Originally published on Tue February 11, 2014 7:24 pm

Graco is recalling nearly 3.8 million car seats because buckles may be hard to release, posing a danger in the case of an accident.

The AP reports that despite the massive recall, which involves 11 models sold from 2009 through 2013, the National Highway Transportation Safety Administration is unhappy with the company.

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Business
3:22 am
Thu February 6, 2014

Amtrak Fights Big Oil For Use Of The Rails

Amtrak trains on the Empire Builder route, which stops in Williston, N.D., have been facing long delays.
Shannon Stapleton Reuters/Landov

Originally published on Thu February 6, 2014 12:03 pm

Oil business in North Dakota is creating some big headaches for Amtrak travelers. Trains on the popular Empire Builder route between Chicago and the Pacific Northwest are often delayed for hours.

One reason for the congestion is an influx of trains hauling crude oil across the Northern Plains.

The delays are becoming so bad that a passenger group now wants the U.S. transportation secretary to intervene.

Frozen Before Ice Fishing

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Business
10:38 am
Mon February 3, 2014

The High Cost Of Testing For College

Originally published on Sun February 2, 2014 12:00 am

Transcript

SCOTT SIMON, HOST:

A college education is famously expensive. But what about the tests just to apply? Benjamin Tonelli wrote an opinion piece for the Wall Street Journal this week; and he questioned the costs of the SAT and AP tests that students have to take just to be considered for admittance to college, and asked if this doesn't discriminate against poorer families especially. Mr. Tonelli is a senior at Garfield High School in Seattle, and he joins us. Thanks very much for being with us.

BENJAMIN TONELLI: Of course, of course.

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Business
10:32 am
Mon February 3, 2014

Jury To Get Insider Trading Case Of Matthew Martoma

Originally published on Mon February 3, 2014 7:43 am

Transcript

RENEE MONTAGNE, HOST:

And a jury in New York is expected to begin deciding the fate of Matthew Martoma this week. A former portfolio manager at the hedge fund company SAC Capital Advisors, Martoma is accused of insider trading. Officials say he sold shares of two pharmaceutical companies after obtaining inside information about drugs being developed.

NPR's Jim Zarroli has more.

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Business
10:32 am
Mon February 3, 2014

United Airlines To Close Cleveland Hub

Originally published on Mon February 3, 2014 7:43 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a Cleveland hub closure.

(SOUNDBITE OF MUSIC)

INSKEEP: United Airlines announced plans over the weekend to drop Cleveland Hopkins International Airport as one of its main hubs for connecting flights. Company officials say the hub has not turned a profit in more than a decade and loses tens of millions of dollars annually. How is that possible? It's one of the few airports I can remember where you can get a boilermaker.

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

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

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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