Business

Business
5:08 am
Thu September 27, 2012

Has Apple's Feud With Google Hurt Its iPhone 5?

The fallout from Apple's controversial decision to drop Google Maps from the iPhone 5 continues. Customers aren't giving Apple Maps any love, and analysts say Apple made an uncharacteristic blunder in dumping Google.

The Salt
3:33 pm
Wed September 26, 2012

Greek Credit Crisis Forces Winemakers, Food Canners To Adapt

Winemakers like Stellios Boutaris, shown near his vineyard outside Naoussa, Greece, and other business leaders have been forced to pursue new financial tactics because credit is hard to come by.
Jim Zarroli NPR

Originally published on Wed September 26, 2012 5:54 pm

When the economic crisis erupted in Greece and the bottom fell out of the domestic wine market, the Kir-Yianni vineyard outside picturesque Naoussa decided to adapt. Like other wineries in Greece, it has increasingly tapped the export market, successfully marketing and selling wine in Europe, the United States and even China.

"If you ask me, this crisis has been good for us," says Stellios Boutaris, the son of the company's founder. "It's going to make us stronger."

Read more
The Two-Way
3:22 pm
Wed September 26, 2012

Freddie Mac Didn't Harm Homeowners, Inspector General Says

In January, NPR and ProPublica reported on a potential conflict of interest at Freddie Mac, a mortgage giant sponsored by the federal government. The stories noted that even as Freddie Mac was writing rules making it harder for homeowners to refinance their mortgages, it also was stepping up investments in securities that gain when homeowners remain stuck in high-rate loans.

Read more
The Two-Way
10:23 am
Wed September 26, 2012

New Home Sales Were Flat In August, But Prices Rose Sharply

Model homes at a new development in Millbrae, Calif., earlier this year.
David Paul Morris Getty Images

While the number of new homes sold in August was barely changed from July, the median sales price was up sharply, the Census Bureau and Department of Housing and Urban Development report. So the news adds to other recent signs, including Tuesday's report about higher home prices in major cities, of a recovering housing sector.

Read more
Business
5:29 am
Wed September 26, 2012

Lesser-Known IPOs Fare Better Than Facebook's

Originally published on Wed September 26, 2012 10:36 am

Transcript

STEVE INSKEEP, HOST:

Facebook share price have lost almost half of its value since the social networking company had its initial public offering, or IPO, in the spring. Hundreds of millions of followers apparently will not guarantee you success in the stock market - at least not in the short-term.

Many lesser-known companies have also plunged into the stock market this year in the hopes of raising lots of capital, but their prices have not plunged - they're doing better than Facebook.

Read more
Business
5:28 am
Wed September 26, 2012

Economy's Holiday Wish List: Buy Big-Ticket Items

Originally published on Wed September 26, 2012 10:36 am

Transcript

DAVID GREENE, HOST:

Warning. It's only September and we have a story about holiday shopping. Large retailers like Wal-Mart and Toys 'R' Us are hiring tens of thousands of people for the upcoming holiday shopping season.

But NPR's Ailsa Chang reports that this seasonal hiring is not the best measure of how well the economy is doing.

Read more
Europe
5:21 am
Wed September 26, 2012

Police Fire Rubber Bullets At Spanish Protesters

Originally published on Wed September 26, 2012 10:36 am

Transcript

STEVE INSKEEP, HOST:

People aren't getting much work done in parts of Europe, treading water there. Greek workers called a nationwide strike for today, protesting austerity measures. Last night, there were violent protests in Spain. Demonstrators launched a new movement dubbed Occupy Congress, surrounding the Spanish Parliament with a human chain before clashing with police.

Lauren Frayer was in the crowd in Madrid.

(SOUNDBITE OF CHANTING PROTESTERS)

Read more
The Salt
4:52 pm
Tue September 25, 2012

Greek Olive Oil Woes Echo Country's Broader Economic Challenges

A Greek farmer drives home with his fresh pressed olive oil in barrels near Alyki, Greece. The country's pure olive oil is hard to find, expensive and poorly marketed, businessmen say.
Matthias Schrader AP

Originally published on Tue September 25, 2012 7:39 pm

Greece is in the fifth year of a painful recession, and it doesn't look like it's going to end anytime soon. One big problem the country faces is a shortage of strong companies that know how to compete on the world market. And nowhere is this more painfully apparent than in the challenges faced by the country's olive oil business.

Read more
Economy
4:50 pm
Tue September 25, 2012

U.S. Housing Market Starts To Show Hints Of Growth

Originally published on Tue September 25, 2012 7:39 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block. In recent years, the housing sector has faked out economists, inspiring premature optimism. But this year, housing experts say things are different. NPR's Yuki Noguchi reports the housing sector that brought the economy down is now showing real signs of stability, even growth.

Read more
Economy
1:48 pm
Tue September 25, 2012

Two Plans For Fixing The Economy, But Few Details

Job seekers fill out applications Aug. 21 at a construction job fair in New York. Polls show voters want the presidential candidates to provide more details on how they would reduce unemployment, change tax policy and alter government spending.
Seth Wenig AP

As this presidential election year was kicking off, strategists were saying the focus would be on the economy. But now — even as absentee ballots are being filled in — the candidates are still dodging details about how to improve growth.

"President Obama doesn't have a plan," says Kevin Hassett, an economic adviser to Republican candidate Mitt Romney.

Jeffrey Liebman, an economic adviser to President Obama, says Romney has revealed no plan other than "going back to the failed policies of the past decade."

Read more
The Two-Way
9:34 am
Tue September 25, 2012

More Positive News On Housing: Prices Rose For Third Straight Month

A home for sale in Los Angeles last month.
Kevork Djansezian Getty Images

Home prices rose in July from June by 1.5 percent in its 10-city index and 1.6 percent in the 20 major cities where it tracks changes, the latest S&P/

Read more
Economy
4:49 am
Tue September 25, 2012

IMF's Lagarde: Uncertainty Slows Global Recovery

International Monetary Fund Managing Director Christine Lagarde delivers remarks at the Peterson Institute for International Economics on Monday in Washington, D.C. Lagarde said there are a number of factors eroding growth.
Paul J. Richards AFP/Getty Images

Originally published on Tue September 25, 2012 12:00 pm

Managing Director of the International Monetary Fund Christine Lagarde says recent actions by the European Central Bank mark a positive turning point in Europe's financial crisis. But she warned that uncertainty elsewhere will continue to slow the pace of the global recovery.

Back in July, the IMF was forecasting world growth of just under 4 percent for next year. The group's economists will issue a new forecast in a couple of weeks. Lagarde said the new projection still foresees a gradual recovery, but it will shave a few tenths of a percent off global growth.

Read more
Business
3:27 am
Tue September 25, 2012

Chicago Pits Quieter, But Traders' Outcries Linger

Traders work in the bond pit at the Chicago Board of Trade in 1995. In recent decades, much of the trading has left the pits and gone electronic.
Michael S. Green AP

Originally published on Tue September 25, 2012 8:18 pm

The trading pits at the Chicago Board of Trade and the Mercantile Exchange have long been potent symbols of American capitalism. And they used to be as rough and tumble as the city itself, where burly men bought and sold commodities like hogs, cattle, corn and soybeans.

Trading volume has gone up considerably in recent years, but Chicago's trading pits are tamer places today — the result of a revolution futures trading has undergone over the past quarter century. Much of the trading has left the pits and gone electronic.

Read more
Asia
3:21 am
Tue September 25, 2012

Americans In China Feel Pinch Of Shifting Economies

China has welcomed U.S. business expertise for many years as its economy has advanced rapidly. Jim Rogers, a prominent U.S. investor, is shown here in China at the 2nd Hunan Finance Expo in 2011. However, the Chinese are becoming more confident in their own business skills and more critical of American practices in recent years, according to U.S. business executives working in China.
ChinaFotoPress Getty Images

Originally published on Tue September 25, 2012 12:00 pm

In recent years, China's status — like its economy — has continued to rise as the economies in America and Europe have struggled.

That shift isn't just reflected in economic numbers, and some American business people in China say they don't feel as respected or as valued as before.

Not long after Michael Fagle arrived in Shanghai in 2005 with DuPont, he went to visit a Chinese customer. Back then, Fagle says, he was treated as a sage from the West.

Read more
Around the Nation
2:10 pm
Mon September 24, 2012

U.S. Pensions In Crisis, But Not In Rhode Island

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington. Here are two really ugly words: unfunded liability. Across the country, states and cities are struggling to put enough money aside to pay for the pensions they've promised to past, present and future workers: cops, firefighters, teachers and all the rest.

Read more
Africa
12:37 pm
Mon September 24, 2012

Fighting Global Poverty With Business Strategies

Originally published on Tue September 25, 2012 1:57 pm

Transcript

CELESTE HEADLEE, HOST:

I'm Celeste Headlee and this is TELL ME MORE from NPR News. Michel Martin is away. Coming up, many parents encourage - some say pressure - their kids to become high achievers, but what if a child just says no? David Yoo discusses his memoir, "The Choke Artist: Confessions of a Chronic Underachiever." That's just ahead.

Read more
Election 2012
4:54 am
Mon September 24, 2012

'60 Minutes' Airs Obama, Romney Interviews

Originally published on Tue September 25, 2012 9:08 am

Transcript

DAVID GREENE, HOST:

OK. So, all those political ads are on the air. Last night, the candidates themselves were on the air. They did interviews on the same CBS program, "60 Minutes." NPR's David Schaper was watching.

DAVID SCHAPER, BYLINE: After a week in which his campaign was on the defensive, Romney told "60 Minutes" he remains confident.

(SOUNDBITE OF TV SHOW, "60 MINUTES")

MITT ROMNEY: I'm going to win this thing.

Read more
All Tech Considered
3:23 am
Mon September 24, 2012

Employee Shopping: 'Acqui-Hire' Is The New Normal In Silicon Valley

A Google logo is seen through windows of Moscone Center in San Francisco during Google's annual developer conference, Google I/O, in June. Google is one of several major tech companies known for the "acqui-hire."
AFP AFP/Getty Images

Originally published on Tue September 25, 2012 9:08 am

Tech companies like Google, Facebook and Zynga are on a shopping spree. They're buying small startups with innovative products and apps. But, many times, the tech giants don't care about what the small companies were producing. They just want the engineers.

There's a new name for these deals: the "acqui-hire," and it could mean the end to your favorite app.

Read more
Around the Nation
7:21 am
Sat September 22, 2012

U.S. Border Industry Grows As Immigration Slows

Originally published on Sat September 22, 2012 10:35 am

Transcript

SCOTT SIMON, HOST:

It's been more than a quarter century since the federal government enacted any immigration legislation which wasn't about enforcement and over that time, the government has spend hundreds of billions of dollars on fences, aircrafts, detention centers and agents. NPR's Ted Robbins looks at what taxpayer money has bought and why it's not likely to go away, even as budgets shrink and illegal immigration lessens.

Read more
Economy
6:04 am
Fri September 21, 2012

Despite Economic Jitters, Stock Market Climbs

Originally published on Fri September 21, 2012 6:47 am

unemployment is still above 8 percent and some companies are warning of lower profits. Yet the stock market keeps climbing. Renee Montagne talks to David Wessel, economics editor of The Wall Street Journal, about why markets are at their highest levels since the financial crisis four years ago.

Business
6:04 am
Fri September 21, 2012

Trulia's IPO Tests Appetite For Tech Start-Ups

Originally published on Fri September 21, 2012 3:47 pm

Transcript

STEVE INSKEEP, HOST:

The real estate website Trulia is successfully riding the housing recovery, and has just gone public. After one day of trading, the San Francisco-based company is valued at well over half-a-billion dollars.

From our member station KQED, Aarti Shahani reports this is seen as a boost for the tech sector after Facebook's shaky plunge into the stock market.

(SOUNDBITE OF CAR DOOR SLAMMING)

Read more
All Tech Considered
3:15 pm
Thu September 20, 2012

Electronic Pull-Tab Gambling Hits The iPad In Minnesota Bars

Booths that sell paper pull-tab games like this one have new competition in Minnesota: electronic pull-tab games played on iPads. The games are meant to help pay for a new football stadium in Minneapolis.
Jim Mone AP

Originally published on Thu September 20, 2012 4:30 pm

Minnesota gamblers no longer have to rip paper pull-tabs to see if they've won cash: As of this week, they can use iPads to play, and play again, at the click of a button. The venture was sparked by the need to help pay for a new Minnesota Vikings football stadium, which will cost an estimated $975 million.

Read more
Author Interviews
2:30 pm
Thu September 20, 2012

A Close Look At Your Bills' 'Fine Print'

Originally published on Thu September 27, 2012 2:20 pm

Americans are paying high prices for poor quality Internet speeds — speeds that are now slower than in other countries, according to author David Cay Johnston. He says the U.S. ranks 29th in speed worldwide.

Read more
U.S.
11:14 am
Thu September 20, 2012

'Fiscal Cliff' Scenarios Leave Economists On Edge

Economists hope lawmakers can avert a "fiscal cliff" after November's election, but what if Congress runs out of time?
Pablo Martinez Monsivais AP

Originally published on Thu September 20, 2012 2:46 pm

Members of Congress are about to flee Capitol Hill, and they'll be gone until Nov. 13, one week after Election Day.

As they shift to full-time campaigning, lawmakers are leaving behind many questions about the "fiscal cliff," a massive cluster of automatic spending cuts and tax-break expirations that come together around year's end.

Read more
Planet Money
11:04 am
Thu September 20, 2012

The Fiscal Cliff, In Three And A Half Graphics

Lam Thuy Vo / NPR

Originally published on Tue November 6, 2012 11:50 am

For more, see this story from NPR's Marilyn Geewax on how Congress might pass some stopgap measures to blunt the effect of the fiscal cliff.

A bunch of federal tax increases and spending cuts are scheduled to kick in around Jan. 1, 2013. This is what people are talking about when they talk about the "fiscal cliff."

Read more
The Two-Way
8:45 am
Thu September 20, 2012

Jobless Claims Changed Little Last Week

There were 382,000 first-time claims for unemployment benefits last week, down by just 3,000 from the week before, the Employment and Training Administration says.

Meanwhile, "the 4-week moving average was 377,750, an increase of 2,000 from the previous week's revised average of 375,750." That figure offers a slightly better look at the trend.

Read more
The Two-Way
7:10 am
Thu September 20, 2012

Census: In 2011, Number Of Poor Americans Increased

Originally published on Thu September 20, 2012 9:21 am

(We retopped this post at 8 a.m. ET.)

Though fresh data from the Census Bureau show that the number of Americans living in poverty edged higher in 2011, its latest American Community Survey also signals that after a Great Recession and a painfully slow recovery the U.S. economy may finally be bottoming out.

The Associated Press leads its report on the news this way:

Read more
Business
5:09 am
Thu September 20, 2012

Samsung Keeps Up Patent Fight Against Apple

Originally published on Thu September 20, 2012 5:14 am

Apple and Samsung remained locked in their high stakes patent dispute. A Silicon Valley jury last month ordered Samsung to pay Apple more than $1 billion for infringing on its patents. Samsung is fighting in court and with a new aggressive marketing campaign for its Galaxy smartphones.

Around the Nation
5:09 am
Thu September 20, 2012

Census Survey: Poor Americans Increased In 2011

Originally published on Thu September 20, 2012 5:14 am

The Census Bureau has released the results of the American Community Survey. The bad news is that poverty is up. Nearly 16 percent of Americans live below the poverty line. Median household income is down too. The good news is that declines are not as steep as the depths of the recession.

The Two-Way
9:30 am
Wed September 19, 2012

Housing Starts Rose Again In August, Pace Remains Well Above Previous Years

Construction that was underway this summer in San Mateo, Calif.
Justin Sullivan Getty Images

Originally published on Wed September 19, 2012 10:30 am

(This post was updated at 10:05 a.m. ET.)

In the morning's second sign of strength in the housing sector, the National Association of Realtors reports that sales of existing homes rose 7.8 percent in August from July and were 9.3 percent above the pace of August 2011.

Read more

Pages