Business

Business news

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Khaled Ali Hassanin opens his silver minivan and pulls into Cairo's busy traffic. He is a freelance driver. He used to ferry foreign tourists all around Egypt as a staff member of a tour company. It was a great job.

"There was so much work. I never worried about money. If I spent one [Egyptian] pound, I'd get two back. We had more work than we could handle," he says.

A federal appeals court Monday ruled in favor of Bank of America, reversing a lower court ruling. The decision is a blow to the federal government, which had won the case at trial. Bank of America had been ordered to pay a $1.27 billion penalty for alleged violations by its Countrywide unit.

The case got attention in 2012 because it appeared to pull back the curtain on some of the widespread wrongdoing in the mortgage industry that led to the worst financial crisis in generations.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Many of the department stores that once anchored bustling shopping malls continue to close. Macy's will shutter 36 additional stores this year; 78 Kmart and Sears locations will also close. What to do with that vast, vacant space?

There is no traffic, and no problem finding parking at Owings Mills Mall in Maryland. The 5,000 or so parking spaces are all vacant. A J.C. Penney closed last month and a Macy's closed last year.

When it opened in 1986, it was anchored by a Saks Fifth Avenue and catered to well-to-do Baltimore suburbanites.

Pharmaceutical giant Bayer has launched a $62 billion bid for seed seller Monsanto in what some news reports say would be the largest-ever German takeover of a foreign company.

Bayer's all-cash offer is 37 percent higher than Monsanto's stock price before news broke about the possible deal.

"This transaction represents a compelling opportunity for Monsanto's shareholders," Bayer CEO Werner Baumann told reporters on a conference call Monday.

Hooray! It's that time of election season again, when (depending on whom you support) every single poll is cause for either panic or triumphantly punching the air.

Election Day, by the way, is Nov. 8. That's almost half a year more of hyperventilation over polls.

That sounds exhausting.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Before the mortgage crisis, real estate seemed like a sure bet. Pretty much anyone could buy a house: no money down, thousands of square feet, second and third vacation homes were not out of the question. Then the bubble burst.

Homeowners across the U.S. confronted the reality that their houses were worth a fraction of what they had paid for them. Now, a decade later, even though the recession is over, more than 6 million homeowners are still upside down on their mortgages.

The Implications Of Overtime Pay Proposal

May 22, 2016
Copyright 2016 NPR. To see more, visit NPR.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 Wisconsin Public Radio. To see more, visit Wisconsin Public Radio.

Copyright 2016 WNYC Radio. To see more, visit WNYC Radio.

In 2011, Lariat Alhassan had a business in Abuja, Nigeria. Larclux Paint was the name. She sold house paint. And industrial paint. Textured paint. Paint that fills in cracks in your walls. It was a paint company. But a really small one.

"The employee I had was just me. I was the production manager. I was the marketer. I was delivery person. I was everything," says Alhassan, laughing. "Except the security."

That was the company. A woman in her late 20s and a security guard watching over a factory space she rented to make the paint.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

The new, redesigned "Nutrition Facts" label is coming. The Food and Drug Administration has announced that the new label will be required on most packaged food by July 2018.

House and Senate negotiators have agreed on a plan to update a 40-year-old law regulating the safety of chemicals.

Part 3 of the TED Radio Hour episode The Power Of Design

About Joe Gebbia's TED Talk

When a stranger shows up at an AirBnB rental, what ensures that all goes well? Careful design of the website that brought them together, says Joe Gebbia, the co-founder of Airbnb.

About Joe Gebbia

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

The first big T.V. advertising battle of the 2016 election is just beginning. Priorities USA, the big pro-Hillary Clinton superPAC began spending what it says will be $136 million on political ads.

Those ads may go a long way toward answering one of the biggest questions of this cycle: Is Donald Trump immune to negative advertising?

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

We're facing a kind of food revolution, and my generation is driving it.

Not so long ago, when fast-food giants reigned supreme, takeout meant cheap, quick, greasy meals. But a recent Goldman Sachs report found that people under 35 are now demanding food that's fresh and healthful — as well as fast.

Young people want meals that are quick — and also fresh and healthful and interesting.

But can they get all of that for less than five bucks?

Three weeks ago, Youth Radio and NPR asked you to send in pictures of the best meals you can purchase for five bucks or less.

Based on the submissions to the #5dollarchallenge, we're happy to report that a Lincoln can indeed buy quite a lot of deliciousness.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Pages