Business

The Two-Way
8:09 am
Thu July 2, 2015

BP To Pay $18.7 Billion To Settle Gulf Coast Oil Spill Claims

The Deepwater Horizon oil rig explosion on April 20, 2010, killed 11 people and resulted in the nation's largest offshore oil spill.
Gerald Herbert AP

Originally published on Thu July 2, 2015 8:55 am

BP today announced an $18.7 billion settlement with the U.S. government, five Gulf Coast states and more than 400 local governments. The agreement comes five years after the Deepwater Horizon rig explosion spewed millions of gallons of oil into the Gulf of Mexico.

Eleven workers were killed in the accident.

The company says the payments, to be made over the next 18 years, "settle all state and local claims arising from the event."

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The Two-Way
7:02 am
Thu July 2, 2015

Unemployment Rate Falls To 5.3 Percent, But For The Wrong Reason

Bianca Medici (left), a corporate recruiter for CDM Media, speaks with job applicants during a Chicago job fair in May. The economy added 223,000 jobs in June, and unemployment fell to its lowest rate since 2008.
M. Spencer Green AP

Originally published on Thu July 2, 2015 7:33 am

The U.S. economy keeps adding jobs at a steady pace, but the Labor Department report for June shows more people are also leaving the labor force and that wages are not rising.

The economy added 223,000 jobs last month as unemployment fell to its lowest rate since 2008, the Labor Department said Thursday. The Jobless rate dipped to 5.3 percent from 5.5 percent in May.

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Business
5:03 am
Thu July 2, 2015

Trump Backlash Shows Latino Consumers' Growing Influence

Originally published on Thu July 2, 2015 5:32 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Business
4:42 am
Thu July 2, 2015

Designer Donna Karan Steps Down To Focus On Philanthropy

Originally published on Thu July 2, 2015 5:32 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

NPR Story
3:08 am
Thu July 2, 2015

Justice Department Investigates Airlines For Possible Price Collusion

Originally published on Thu July 2, 2015 7:33 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Business
3:08 am
Thu July 2, 2015

Nike's Phil Knight, 77, To Step Down As Chairman

Originally published on Thu July 2, 2015 5:32 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Economy
3:08 am
Thu July 2, 2015

Puerto Ricans Fear Troubled Economy Will Inflict Real Pain

Originally published on Thu July 2, 2015 5:32 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Research News
3:08 am
Thu July 2, 2015

Not All Online Restaurant Reviews Are Created Equal

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

U.S.
2:58 am
Thu July 2, 2015

Georgia Leads A Push To Help Ex-Prisoners Get Jobs

Originally published on Thu July 2, 2015 5:32 am

In the 1990s, states went on a prison-building binge. Today, millions who spent time in those prisons are back in society — and many are struggling to find work.

Jay Neal is in charge of Georgia's new office of re-entry. Its purpose is clear: "Helping Georgia's returning citizens find training, assisting Georgia's returning citizens find jobs," he reads off the website.

Returning citizens is America's new term for ex-prisoners, ex-cons and former inmates.

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Economy
12:22 am
Thu July 2, 2015

Jobs Report Expected To Show 'Stronger Momentum' In Economy

Originally published on Thu July 2, 2015 6:16 am

Economists surveyed by Reuters are predicting that employers added about 230,000 jobs to their payrolls in June. That's less than the month before but still a pretty strong showing.

Because of the Independence Day holiday, the unemployment report is being released on Thursday at 8:30 a.m. ET. It is normally issued on a Friday.

The U.S. economy slowed a lot over the winter, but as the weather has improved so has the job market. On Wednesday, the payroll processing company ADP said private employers added about 237,000 jobs in June — the biggest gain since December.

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Sports
3:28 pm
Wed July 1, 2015

As The NBA's Free Agency Period Begins, LeBron James Has All The Power

Originally published on Wed July 1, 2015 4:22 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

RACHEL MARTIN, HOST:

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Business
3:28 pm
Wed July 1, 2015

Justice Department Investigates Possible Collusion In U.S. Airline Industry

Originally published on Thu July 2, 2015 7:33 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

ROBERT SIEGEL, HOST:

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Business
3:28 pm
Wed July 1, 2015

The Economics Of Airline Baggage Check; To Pay Or Not To Pay

Originally published on Wed July 1, 2015 4:22 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Business
3:28 pm
Wed July 1, 2015

Frontier Airlines Exit Leaves Delaware Without Commercial Flights

Originally published on Wed July 1, 2015 4:22 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

RACHEL MARTIN, HOST:

If you want to fly in or out of Delaware, good luck, unless you have your own plane or the cash to charter one.

ROBERT SIEGEL, HOST:

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The Two-Way
3:11 pm
Wed July 1, 2015

Justice Department Investigating Airlines For Possible Price Collusion

Originally published on Wed July 1, 2015 3:46 pm

The Justice Department says it is investigating "possible unlawful coordination" by several major airline carriers. American, Delta, Southwest and United Airlines have all confirmed receiving letters from the Justice Department.

In a statement, American said the department "seeks documents and information from the last two years that are related to statements and decisions about airline capacity."

A United spokesman said the company is complying fully in regard to the probe.

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Shots - Health News
2:20 pm
Wed July 1, 2015

Industry Payments To Doctors Are Ingrained, Federal Data Show

Originally published on Wed July 1, 2015 2:58 pm

Few days went by last year when New Hampshire nephrologist Ana Stankovic didn't receive a payment from a drug company.

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The Two-Way
5:17 am
Wed July 1, 2015

Toyota's Top Female Executive Resigns After Arrest

Toyota Motor Corp's Managing Officer and Chief Communications Officer Julie Hamp speaks to media during a news conference in Nagoya, central Japan, in this photo released by Kyodo on June 18.
Kyodo Reuters/Landov

Originally published on Wed July 1, 2015 8:05 am

Julie Hamp, Toyota Motor Corp.'s first senior female executive who was appointed head of public relations just weeks ago, has resigned after her arrest for allegedly importing the prescription painkiller oxycodone in violation of the country's narcotics laws.

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The Two-Way
4:41 am
Wed July 1, 2015

Greek Leader Reiterates Call For 'No' Vote In Referendum

Originally published on Wed July 1, 2015 11:16 am

Updated at 1:15 p.m. ET

Greek Prime Minister Alexis Tsipras has reiterated his call for a "no" vote in Sunday's referendum on conditions imposed by the nation's creditors for a bailout. He insisted, despite warnings to the contrary, that a rejection of the proposals was not about membership in the eurozone.

"No means pressure for a viable economic agreement," he said in a televised address to the nation.

He then explained his position in a series of tweets:

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U.S.
4:12 am
Wed July 1, 2015

After Supreme Court Decision, What's Next For Gay Rights Groups?

Carlos McKnight waves a flag in support of same-sex marriage outside the Supreme Court.
Jacquelyn Martin AP

Originally published on Wed July 1, 2015 3:03 pm

Having clinched the long-sought prize of same-sex marriage in all 50 states, some long-time advocates are now waking up to the realization that they need to find a new job. At least one major same-sex marriage advocacy group is preparing to close down and other LGBT organizations are retooling.

They have grown from a ragtag group with a radical idea into a massive multi-million dollar industry of slick and sophisticated sellers of a dream. Today, their very success has made their old jobs obsolete.

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Education
3:20 am
Wed July 1, 2015

As Panama's Economy Booms, So Do Concerns Over Debt And The Environment

Panama City's skyline.
Arnulfo Franco AP

Originally published on Wed July 1, 2015 7:44 am

The 66th floor of Panama City's Trump Tower is a fine spot to experience Panama's booming economy. Beyond the building's windows, hundreds of skyscrapers stretch the length of the capital's skyline. Inside, a hand of blackjack will set you back $200, but all-you-can-drink champagne costs just $10.

On average, economic growth in Panama has topped 8 percent in the last five years, making the country the envy of its struggling Latin American neighbors.

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Europe
3:09 am
Wed July 1, 2015

Online Fund Started To Raise Money For Greece's Debt

Originally published on Wed July 1, 2015 7:19 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Business
3:07 am
Wed July 1, 2015

Martha Stewart's Company Sold For A Fraction Of Its Previous Worth

Originally published on Wed July 1, 2015 7:19 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

LINDA WERTHEIMER, HOST:

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Economy
3:05 am
Wed July 1, 2015

Historic Vote May Determine Whether Greece Remains In The Eurozone

Pensioners holding their queue numbers try to enter a bank in Athens. The government ordered about 1,000 bank branches around the country to reopen Wednesday to help desperate pensioners without ATM cards cash up to $134 from their retirement checks.
Daniel Ochoa de Olza AP

Originally published on Wed July 1, 2015 4:40 pm

At the end of World War II with the continent in ruins, Winston Churchill famously proclaimed, "We must build a United States of Europe." He believed such a union would bring an end to centuries of European wars.

For 70 years Europe has been engaged in a political and economic quest to make that happen. But many in Greece, such as Athens cabdriver Jordan Repanidis, feel this historic reshaping of the Western world has a stranglehold on their country.

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The Two-Way
6:37 pm
Tue June 30, 2015

Donald Trump Sues Univision For $500 Million

Univision dropped its broadcasts of Miss USA and Miss Universe, pageants that Trump co-owns.
Chicago Tribune TNS via Getty Images

Originally published on Wed July 1, 2015 9:05 am

Donald Trump, a Republican presidential candidate, is suing Univision. The Spanish-language TV network dropped its coverage of Miss USA and Miss Universe — two beauty pageants that Trump co-owns — because of Trump's remarks about Mexican immigrants during his presidential campaign announcement on June 16.

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The Salt
3:42 pm
Tue June 30, 2015

Communities Get A Lift As Local Food Sales Surge To $11 Billion A Year

Tomatoes at Union South Farmers Market in Madison Wisconsin.
Patrick Kuhl Flickr

There's a renaissance in local and regional food, and it's not just farmers markets in urban areas that are driving it.

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Europe
3:29 pm
Tue June 30, 2015

How Default Could Push Greece Out Of The Eurozone

People wait in line to withdraw euros from an ATM after Greece closed its banks Monday in Athens.
Milos Bicanski Getty Images

Originally published on Tue June 30, 2015 5:39 pm

This story was updated at 7 p.m. ET.

The deadline passed Tuesday evening for Greece to make a key loan payment to the International Monetary Fund — putting it a step closer toward quitting the euro.

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The Two-Way
3:20 pm
Tue June 30, 2015

Debate Begins: New OT Rules Will Raise Wages — Or Kill Jobs

President Obama has proposed a rule requiring requiring overtime pay for more workers. The plan has drawn fire from many employers.
Pablo Martinez Monsivais AP

Business groups and labor unions sharply disagreed today over the potential impact of a proposed change to the federal rule governing overtime pay.

In coming months, the two sides will submit comments in writing to the Labor Department to try to shape the rule's final wording, but the verbal sparring already has begun.

Business leaders say hiking overtime pay would reduce hiring, while unions say the change would stimulate the economy by raising incomes for about 5 million Americans.

Before laying out the different reactions, we'll look at what happened today:

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Economy
2:15 pm
Tue June 30, 2015

Export-Import Bank Set To Expire At Midnight After Congress Fails To Act

Originally published on Tue June 30, 2015 7:09 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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ROBERT SIEGEL, HOST:

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Business
2:15 pm
Tue June 30, 2015

Obama Proposes Expanding Overtime Pay To Nearly 5 Million Workers

Originally published on Tue June 30, 2015 5:14 pm

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

The Two-Way
8:21 am
Tue June 30, 2015

Wisdom Of The Crowds? Online Effort Seeks To Raise Funds For Greece

A collection of old Greek Drachma and euro notes and coins.
Geert Vanden Wijngaert AP

Originally published on Tue June 30, 2015 2:42 pm

Updated at 12:14 p.m. ET

Only 1,599,888,909 euros to go. A crowd-funding effort to raise the 1.6 billion euros (about $1.8 billion) Greece needs to make a loan payment to the International Monetary Fund has so far raised 111,091 euros ($124,569) from 7,275 donors.

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