Business

Europe
1:09 pm
Thu October 25, 2012

While Spain Struggles, The Basque Region Shines

The Basque region has a long and rich industrial tradition. Here is a CAF factory in Beasain, Spain.
Lauren Frayer for NPR

Originally published on Thu October 25, 2012 4:51 pm

For decades, most of the news out of Basque country was horrible. Since the late 1960s, this region in northern Spain has been infamous as home to the ETA separatist group, which killed more than 800 people while fighting for Basque independence from Madrid.

But two years ago, the separatist group declared a final cease-fire and the attacks have stopped. Now the country is becoming known for something else: its booming economy.

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Health
12:26 pm
Thu October 25, 2012

After Meningitis Deaths, A Look At Drug Safety

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington. Two dozen dead and hundreds sickened from contaminated drugs with probably more to come. The outbreak of fungal meningitis has scared many thousands more who received injections of what may have been tainted steroids from a now-closed facility in Massachusetts, which called itself a compounding pharmacy.

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The Two-Way
10:44 am
Thu October 25, 2012

Microsoft Introduces Windows 8, Marking A 'New Era'

Microsoft CEO Steve Ballmer during a press conference at Pier 57 to officially launch Windows 8 in New York.
Timothy A. Clary AFP/Getty Images

Steve Ballmer, the CEO of Microsoft, put the release of the company's new operating system in dramatic terms: "Windows 8 shatters perceptions of what a PC truly is," he said during an introductory event in New York.

Windows 8, Ballmer said, "marks a new era" for Microsoft.

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The Two-Way
6:50 am
Thu October 25, 2012

Jobless Claims Fell By 23,000 Last Week; Orders For Durable Goods Rose

A Boeing 787 Dreamliner aircraft at the company's factory in Everett, Wash. Orders for aircraft drove the increase in demand for durable goods last month.
Saul Loeb AFP/Getty Images

Originally published on Thu October 25, 2012 7:07 am

The number of first-time claims for unemployment insurance fell by 23,000 last week from the week before, to 369,000, the Employment and Training Administration says.

Claims have bounced around in recent weeks, in part because of some changes in the way at least one state reports its figures.

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Business
5:05 am
Thu October 25, 2012

Pacino To Earn $125,000 Per Week In 'Glengarry'

Actor Al Pacino is returning to Broadway in November to star in David Mamet's classic play, Glengarry Glen Ross. He's playing a different character from the one he playd in the movie version 20 years ago. According to Bloomberg News, he's making $125,000 per week, plus a cut of the show's profits — one of the biggest pay packages ever for a Broadway performer.

Business
5:05 am
Thu October 25, 2012

$1 Billion BOA Lawsuit Claims Mortgage Fraud

Federal prosecutors in Manhattan are suing Bank of America for more than $1 billion for mortgage fraud against government-backed mortgage companies Fannie Mae and Freddie Mac around the time of the financial collapse. The lawsuit alleges that Countrywide Financial, which was later acquired by Bank of America, sold large volumes of mortgages that weren't quality-controlled.

Your Money
5:05 am
Thu October 25, 2012

Buying A New Car: Is Cash, Lease Or Financing Best?

Originally published on Thu October 25, 2012 7:22 pm

Transcript

RENEE MONTAGNE, HOST:

Here in the U.S., auto sales are up, and fall is traditionally a big time for car buying. Question is, what's the best way these days to pay for that car - financed through the automaker or through your bank or simply leased?

To think through the choices, we called Michele Krebs. She's the senior analyst for the auto information site Edmunds.com, and she joined us from Detroit.

Good morning.

MICHELE KREBS: Good morning.

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Science
5:05 am
Thu October 25, 2012

Algae As Car Fuel: Possible, But Not Sustainable?

Transcript

RENEE MONTAGNE, HOST:

Let's take a look at alternative energy now. There's growing interest and investment in the process of extracting oil from algae and turning it into fuel for vehicles and airplanes. It requires a lot of water, nutrients and land. And a new report from the National Research Council says that will make it challenging to turn algae into a sustainable source of energy.

NPR's Richard Harris reports.

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Business
5:05 am
Thu October 25, 2012

Sunday Football Helps NBC Reclaim Top Spot

For years, NBC has struggled at the bottom of the pile of big broadcast networks, ratings-wise. However, this season it's on top, thanks in part to Sunday Night Football.

Business
5:05 am
Thu October 25, 2012

Ford Forecasts Big Losses In Europe

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with Europe having car trouble.

National Security
2:37 am
Thu October 25, 2012

Energy Independence For U.S.? Try Energy Security

A drilling rig near Kennedy, Texas, on May 9. U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer.
Eric Gay AP

Originally published on Thu October 25, 2012 12:17 pm

Gone from this year's presidential campaign are most mentions of climate change, environmental pollution, or green jobs. Former Gov. Mitt Romney, the GOP presidential nominee, prefers to call attention instead to the country's continuing dependence on foreign energy sources.

"I will set a national goal of North American energy independence by the year 2020," Romney declared in August.

The line is now a standard part of Romney's stump speech, and he repeated it in his first two debates with President Obama.

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Energy
3:58 pm
Wed October 24, 2012

Could U.S. Produce Enough Oil To Rival Saudi Arabia?

Austin Mitchell walks away from an oil derrick outside Williston, N.D., in July 2011. North Dakota is now the No. 2 producer of oil in the U.S. behind Texas.
Gregory Bull AP

Originally published on Thu October 25, 2012 12:21 pm

An oil boom is under way in the United States. Since 2008 domestic oil production has increased dramatically, reversing what was a nearly three-decade decline. That has some predicting the U.S. could overtake Saudi Arabia as the world's largest petroleum producer in coming years.

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Media
3:53 pm
Wed October 24, 2012

Newspaper Endorsements: Prized, But Often Ignored

The power of newspaper endorsements has faded, but candidates still compete for them.
Justin Sullivan Getty Images

Originally published on Wed October 24, 2012 7:02 pm

This weekend, a slew of newspapers in key swing states including Ohio are expected to release their endorsements for the presidency and other elected positions.

Such external validation is highly prized by candidates, but it's no longer entirely clear why.

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The Two-Way
3:44 pm
Wed October 24, 2012

Rajat Gupta, Former Goldman Sachs Director, Sentenced To Two Years

Rajat Gupta as he arrived at the federal courthouse in Manhattan in June.
Emmanuel Dunand AFP/Getty Images

Rajat Gupta, who was once a director at Goldman Sachs and Procter & Gamble, has been sentenced to two years in prison, after a federal jury convicted him of insider trading.

Gupta was convicted of leaking information to Galleon Rajaratnam, the billionaire co-founder of Galleon Group who was found guilty of fraud and conspiracy.

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Law
3:23 pm
Wed October 24, 2012

Rajat Gupta Sentenced To Prison For Insider Trading

Originally published on Wed October 24, 2012 3:53 pm

Rajat Gupta, a man who operated at the top levels of American business, was sentenced to two years in prison on Wednesday. He was convicted of insider trading in a case that grew out of the prosecution of hedge fund manager Raj Rajaratnam, who is now in prison.

Law
3:20 pm
Wed October 24, 2012

U.S. Sues Bank Of America For Mortgage Fraud

Originally published on Thu October 25, 2012 12:23 pm

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED, from NPR News. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

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Business
3:19 pm
Wed October 24, 2012

Crooks Target Barnes And Noble's PIN Pad Devices

Originally published on Thu October 25, 2012 12:22 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

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The Two-Way
11:46 am
Wed October 24, 2012

Here's The List: 63 Barnes & Noble Stores Where Crooks Hacked PIN Pads

A Barnes & Noble store in San Bruno, Calif. It's on the list.
Justin Sullivan Getty Images

Originally published on Thu October 25, 2012 7:41 am

If you shopped recently at 63 Barnes & Noble stores in nine states and used a credit or debit card there's a chance that thieves got hold of data about your accounts and your PIN.

As the company has announced:

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Business
11:36 am
Wed October 24, 2012

Mortgage Interest Deduction Could Be In Play

About 34 million taxpayers take the mortgage interest deduction, for a typical savings of approximately $600 a year.
iStockphoto.com

Originally published on Wed October 24, 2012 4:23 pm

In coming months, Congress will begin an epic struggle to get the federal budget deficit under control. One tax break almost certain to come into play is the mortgage interest deduction.

Both President Obama and his Republican rival, Mitt Romney, have suggested ways to scale back the deduction's value for wealthy taxpayers. And many economists are cheering them on, saying that now — when interest rates are low — would be a great time to reduce or even phase out the deduction.

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The Two-Way
9:10 am
Wed October 24, 2012

Equal Pay For Equal Work: Not Even College Helps Women

Barnard College graduates listen to President Barack Obama at commencement ceremonies on May 14, 2012.
Richard Drew AP

Originally published on Fri June 27, 2014 7:55 am

A startling new report finds freshly graduated college women will likely face this hurdle when entering the work world: they're worth less than equally educated men.

The American Association of University Women is releasing a new study that shows when men and women attend the same kind of college, pick the same major and accept the same kind of job, on average, the woman will still earn 82 cents to every dollar that a man earns.

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Shots - Health News
8:45 am
Wed October 24, 2012

The Sick Turn To Crowdfunding To Pay Medical Bills

Fundraising for medical causes is getting easier with sites like GoFundMe.
iStockphoto.com

Originally published on Tue October 30, 2012 11:14 am

Surely you've heard of crowd funding sites like Kickstarter that have helped thousands of filmmakers, musicians and painters leverage Facebook and Twitter to raise money for creative projects.

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Business
5:47 am
Wed October 24, 2012

Apple Unveils Pencil-Thin iPad Mini

Originally published on Wed October 24, 2012 4:36 pm

Transcript

STEVE INSKEEP, HOST:

OK. Let's talk a little more about a small screen. Of course, Apple has dominated the tablet computer market with its iPad. The company says it's sold 100 million of them, but it's had some competition from smaller rivals - smaller screens, that is. Amazon's Kindle and Google's Nexus can easily fit in a purse, or even a jacket pocket. So, as expected, yesterday, Apple introduced a smaller version of the iPad - bigger than an iPhone, smaller than the iPad, the iPad Mini. NPR's Laura Sydell reports.

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Business
5:30 am
Wed October 24, 2012

U.S. Closing In On Saudi Arabia's Oil Production

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with an American oil boom.

(SOUNDBITE OF MUSIC)

Business
5:30 am
Wed October 24, 2012

Food For Hobbit Fans: Frodo's Roast, Smaug's Delight

Thanks to the success of the Lord of the Rings film trilogy, lots of people now know about the indulgent eating habits of Hobbits. And as the Lord of the Rings prequel movie, The Hobbit, comes out in December, restaurants that think they see some kindred spirits among their customers are serving up special menus.

Business
5:30 am
Wed October 24, 2012

Resorts Try To Lure Skiers Back After Last Year's Bust

There's a palpable anxiety in mountain resort towns this fall. After last season's abysmal skiing and snowboarding revenues, these towns are counting on heavy snow this year to make up for the loss. Now, analysts say without early snow, resorts may suffer a "hangover" from last year's disappointment. Luke Runyon reports for Aspen Public Radio.

Business
5:30 am
Wed October 24, 2012

Mobile Ad Sales Help Boost Facebook Earnings

Facebook beat analysts' expectations, posting solid sales in the third quarter Tuesday. Most important to the company's future, 14 percent of its revenues came from mobile advertising. Chief executive Mark Zuckerberg said he wants to "dispel the myth that Facebook can't make money from mobile." Still, Facebook's mobile partner, game maker Zynga, is in trouble and announced it is laying off 5 percent of its workforce.

All Tech Considered
4:36 pm
Tue October 23, 2012

Hands On With The New iPad Mini: Lighter, Costlier Than Rivals

The new iPad Mini is displayed after its unveiling at an Apple event in San Jose, Calif., on Tuesday.
Kevork Djansezian Getty Images

Originally published on Wed October 24, 2012 9:29 am

Apple has unveiled a smaller, cheaper version of its popular iPad tablet. NPR's Laura Sydell attended the event Tuesday in San Jose, Calif., and got a hands-on look at the new iPad mini. Below are her first impressions.

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Business
3:41 pm
Tue October 23, 2012

Dow Falls 243 Points On Worst Day In Months

Originally published on Wed October 24, 2012 2:18 am

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish. Now, some business news. This past Friday and again today, the Dow Jones industrial average fell more than 200 points. The drop occurred after several big U.S. companies turned in disappointing results. NPR's Jim Zarroli explains.

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Technology
3:41 pm
Tue October 23, 2012

Apple Unveils iPad Mini To Compete With Tablets

Originally published on Wed October 24, 2012 2:18 am

Transcript

AUDIE CORNISH, HOST:

A positive message today from Apple executives in Silicon Valley. They took to a stage to introduce a new slate of product that will ship in time for the holiday season. The main attraction, as expected, was a smaller tablet called the iPad mini. NPR's technology correspondent Steve Henn was at the event.

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The Two-Way
2:54 pm
Tue October 23, 2012

After Bad Day For Market, Facebook's Revenue Rise Boosts Stock

Originally published on Tue October 23, 2012 5:29 pm

Wall Street's bad day — the Dow Jones industrial average fell more than 240 points (1.8 percent) — has been followed by something unusual these days: good news about Facebook's shares.

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