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Business
2:52 am
Tue October 16, 2012

The Last Word In Business

Originally published on Tue October 16, 2012 8:50 am

Snoop Dogg — who announced his reincarnation as Snoop Lion over the summer — is the newest spokesman for the microwaveable processed turnovers. In 2004, he had a hit, "Drop It Like It's Hot." Now he sings "Pocket Like It's Hot."

Business
2:52 am
Tue October 16, 2012

Business News

Originally published on Tue October 16, 2012 8:45 am

Transcript

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

NPR's business news starts with some shopping season indicators.

Black Friday, the height of the holiday shopping season, is a month and a half away but companies are already announcing significant seasonal hiring plans. The National Retail Federation says it expects strong holiday sales this year. Today, Amazon announced it is hiring 50,000 workers, thousands of whom it says, it will keep on after the holidays.

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NPR Story
2:52 am
Tue October 16, 2012

Bank Of America Improves Foreclosure Image

Originally published on Tue October 16, 2012 8:45 am

Transcript

STEVE INSKEEP, HOST:

Bank of America will release quarterly earnings tomorrow and once again, foreclosures will be part of the equation. The Charlotte-based bank's role in the 2008 housing crash has landed it on a fair number of lists of most hated institutions in America.

But, as Julie Rose of member station WFAE in Charlotte discovered, some of those most involved in cleaning up the aftermath of the foreclosure crisis are beginning to soften toward the bank.

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NPR Story
2:52 am
Tue October 16, 2012

How Is The Fall TV Season Doing?

Originally published on Tue October 16, 2012 8:45 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

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NPR Story
2:52 am
Tue October 16, 2012

Manufacturers Financially Support Hiring Vets

Originally published on Tue October 16, 2012 8:45 am

Transcript

RENEE MONTAGNE, HOST:

And four major manufacturers say they will start offering financial support for the training of military veterans. The corporations are taking part in a program called Get Skills to Work Coalition. It has said its initial goal at training 15,000 vets.

NPR's Yuki Noguchi reports.

YUKI NOGUCHI, BYLINE: Unemployment among veterans has been falling, as it has for everyone else. The jobless rate among vets serving after 2001 now stands at 9.7 percent, but that's still about 2 percentage points higher than the general population.

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Crisis In The Housing Market
1:01 am
Tue October 16, 2012

Renters No More: Newbies Lured To Homeownership

Credit Wendy Kaufman / NPR
Kitsy Roberts and Janko Williams have traded a rent payment for a mortgage. The Seattle couple is planning to put a lot of sweat equity into their fixer-upper.

Originally published on Tue October 16, 2012 8:45 am

In many American communities, buying a home is now less expensive than renting. And with the economics tilting in favor of homeownership, many first-time buyers are jumping into the market.

After eight years of renting, Kitsy Roberts and her husband, Janko Williams, are practically giddy about their new Seattle home. And like proud parents, they are eager to show it off, from its historic details to its fresh paint.

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Business
3:40 pm
Mon October 15, 2012

Sprint Born From Railroad, Telephone Businesses

Originally published on Mon October 15, 2012 4:46 pm

Melissa Block explores the long family history of the companies that comprise what became Sprint. It all began in Kansas in the late 19th century and came to include a long distance system created by the Southern Pacific Railroad Internal Network Telecommunications, or SPRINT.

Business
3:07 pm
Mon October 15, 2012

Red Bull's Brand As Powerful As Its Beverage

Originally published on Mon October 15, 2012 8:10 pm

Transcript

MELISSA BLOCK, HOST:

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

Yesterday millions of people watched a man free fall from 24 miles above earth, breaking the sound barrier, and then watched as Felix Baumgartner glided down into the New Mexico desert.

UNIDENTIFIED MAN #1: Here he's coming. And there you can see by the approaching shadow, he's just about there. (Unintelligible) the world record holder.

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Business
3:05 pm
Mon October 15, 2012

Softbank Buys $20 Billion Stake In Sprint-Nextel

Originally published on Mon October 15, 2012 4:46 pm

Japan's Softbank has announced it will spend $20 billion to take a majority stake in Sprint-Nextel. The deal will provide Sprint, the third largest carrier in the U.S. market, with some much needed cash. It also gives Softbank the opening it's been looking for to break into the U.S. market.

Business
2:52 am
Mon October 15, 2012

Softbank To Buy Majority Of Sprint Nextel

Originally published on Mon October 15, 2012 5:59 am

Japanese mobile phone company Softbank has announced it has agreed to buy 70 percent of Sprint Nextel for $20 billion. The deal would make Sprint Nextel a tougher competitor against its bigger rivals, Verizon Wireless and AT&T.

Business
2:51 am
Mon October 15, 2012

The Last Word In Business

Originally published on Mon October 15, 2012 5:59 am

Felix Baumgartner landed safely in eastern New Mexico minutes after jumping from 128,000 feet. The feat carried out on Sunday qualifies as the world's first supersonic skydive, officials said.

Business
2:51 am
Mon October 15, 2012

Nobel Economic Prize Announced Monday

Originally published on Mon October 15, 2012 5:59 am

Americans Alvin Roth and Lloyd Shapley won the Nobel economics prize Monday for their theory of stable allocations and the practice of market design.

Business
2:51 am
Mon October 15, 2012

Survey: Economy To Keep Growing But Not Add A Lot Of Jobs

Originally published on Mon October 15, 2012 5:59 am

The U.S. economy will continue to grow throughout the rest of the year and in 2013, but at a tepid rate that fails to lower unemployment, according to a new survey of business economists. The forecast, from the National Association of Business Economists, also expects consumer spending to weaken.

World
3:31 pm
Fri October 12, 2012

Do Chinese Tech Firms Pose U.S. Security Threat?

Credit AFP/Getty Images
Staff and visitors walk past the lobby at the Huawei office in Wuhan, China. Beijing has urged Washington to "set aside prejudices" after a draft congressional report said Chinese telecom firms Huawei and ZTE were security threats that should be banned from business in the U.S.

Originally published on Fri October 12, 2012 3:59 pm

Over the past decade, Chinese companies have become major players in the global telecommunications market. This week the House Intelligence Committee issued a report that could interrupt that growth. The committee warned American companies not to do business with two of China's main telecom manufacturers, saying they posed a security threat.

Huawei Technologies is the miracle story of the Chinese high-tech industry, says telecommunications consultant Roger Entner.

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Planet Money
1:14 pm
Fri October 12, 2012

Remember The 14-Year-Old Who Bought A House? She Just Bought Another One

Originally published on Thu October 18, 2012 10:20 am

Willow Tufano became a homeowner earlier this year. This was newsworthy because Willow was 14 years old. She raised money to buy the house by selling stuff on Craigslist.

I spoke to Willow again last week and got an update. She's 15 now, and her life over the past few months was sort of surreal. She got caught up in two dramas: America's housing market and America's media circus.

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