Business

Planet Money
1:07 am
Fri August 9, 2013

Tourre Juror: 'We Saw Goldman As The Bigger Problem'

Fabrice Tourre, outside the courtroom. "We didn't feel any malice toward him," one of the jurors said.
Richard Drew AP

Originally published on Fri August 9, 2013 10:06 am

Beth Glover was a juror on the trial of former Goldman Sachs trader Fabrice Tourre. When the lawyers were discussing the mortgages tied to the securities at the center of the case, Glover realized that, for all intents and purposes, they were talking about her mortgage.

"When they were looking at the subprime mortgage groupings, I think I would have been in one of those," Glover told me. "I didn't have as great as FICO score at that time."

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All Tech Considered
1:04 am
Fri August 9, 2013

On Vine, Brands Look To Deliver Their Message In Six Seconds

Jethro Ames uses the camera on his smartphone to take six- second videos on Vine. He's produced clips for various companies like GE Appliances and MTV.
Daniel Hajek NPR

Originally published on Fri August 9, 2013 10:06 am

Try telling a story in six seconds. With the social media app Vine, owned by Twitter, users are doing just that. They're creating everything from artistic pieces to random comedy sketches in six-second videos that loop endlessly.

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Business
3:13 pm
Thu August 8, 2013

Fannie Mae Posts $10 Billion Profit In Second Quarter

Originally published on Thu August 8, 2013 4:56 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block.

Today, mortgage giant Fannie Mae announced it made a $10 billion profit this past spring. That's a remarkable turnaround considering the government had to bail out Fannie Mae, along with Freddie Mac, when the housing bubble burst five years ago. It's certainly good news for taxpayers. It's also good news for homebuyers who count on the two companies to back most of the country's home loans.

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Television
3:13 pm
Thu August 8, 2013

Why Hasn't The Internet Blown Up Cable TV's Business Model?

Originally published on Thu August 8, 2013 4:56 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.

Since Friday, CBS has been off the air for millions of Time Warner Cable customers. The two sides are fighting over how much Time Warner pays to carry CBS. Then a remarkable thing happened. Time Warner offered to unbundle the TV network, meaning only customers who want it would pay for it. That's close to blasphemy in the cable business and CBS quickly shot down the idea.

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The Two-Way
2:42 pm
Thu August 8, 2013

Email Service Allegedly Used By Edward Snowden Is Shut Down

The free email service Lavabit allowed users to send encrypted emails.
Lavabit

Originally published on Thu August 8, 2013 4:17 pm

The email service allegedly used by "NSA leaker" Edward Snowden is no more.

The owner and operator of Lavabit, which encrypts communication between two people, shut down the site and left a cryptic message on its homepage.

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Found Recipes
1:51 pm
Thu August 8, 2013

Don't Let The Price Of Pine Nuts Keep You From Pesto

Julia della Croce says pistachio pesto is an economical — and delicious — alternative when Italian pine nuts can cost up to $120 per pound.
Nathan Hoyt Courtesy of Julia della Croce

Originally published on Fri August 16, 2013 3:10 pm

Basil is growing thick and leafy in many backyard gardens throughout the U.S. right now, which means many people are thinking about pesto. It's one of the more basic sauces you can make — in addition to basil, all you need is Parmesan or Romano cheese, a little garlic, some extra virgin olive oil and Italian pine nuts.

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The Two-Way
9:42 am
Thu August 8, 2013

'New York Times' Is Not For Sale, Sulzberger Says

Ramin Talaie Getty Images

Originally published on Thu August 8, 2013 10:37 am

Responding to speculation that his newspaper would be next, New York Times Publisher and Chairman Arthur Sulzberger Jr. has issued a flat "the Times is not for sale" statement.

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The Two-Way
7:48 am
Thu August 8, 2013

Fannie Mae Books $10.1 Billion In Second-Quarter Profits

Originally published on Thu August 8, 2013 9:05 am

Driven by a recovery in the U.S. housing market, mortgage finance giant Fannie Mae netted profits of $10.1 billion in the second quarter, its sixth-straight quarter with positive results. The company, which has operated under federal conservatorship since 2008, reported its earnings Thursday.

Fannie Mae cited "a significant increase in home prices in the quarter," which nearly doubled that of last year's second quarter.

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The Two-Way
6:53 am
Thu August 8, 2013

Weekly Jobless Claims Hold Steady

The scene at a job fair in Manhattan earlier this year.
Mario Tama Getty Images

Originally published on Thu August 8, 2013 8:54 am

There were 333,000 first-time claims for unemployment insurance last week, the Employment and Training Administration says. Claims were up 1.5 percent from the previous week's 328,000 — and basically remained at the lower end of the range where they've stayed for the better part of the last two years.

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The Two-Way
5:43 am
Thu August 8, 2013

Book News: Publishers Object To Proposed Punishments For Apple

Originally published on Thu August 8, 2013 8:15 am

The daily lowdown on books, publishing, and the occasional author behaving badly.

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Business
2:31 am
Thu August 8, 2013

JPMorgan Chase Faces Justice Department Probe

Originally published on Thu August 8, 2013 4:09 am

JPMorgan Chase revealed on Wednesday that it's facing criminal and civil investigations by the Justice Department. The bank says the investigations focus on sales of subprime mortgage securities in the years preceding the financial crisis.

Business
2:31 am
Thu August 8, 2013

Tesla's Stock Boosts Projections For Carmaker's Staying Power

Originally published on Fri August 9, 2013 5:27 am

Transcript

LINDA WERTHEIMER, HOST:

Earnings season is wrapping up in the car world. And the small American company Tesla is doing better than expected. When the high-end electric automaker released its earnings this week, it handily beat Wall Street expectations. Tesla's stock is up about 300 percent this year.

As NPR's Sonari Glinton reports, the question is, whether the company has enough power to sustain it for the long term.

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Around the Nation
2:31 am
Thu August 8, 2013

Sioux Falls' Rapid Business Growth Gains National Attention

Originally published on Thu August 8, 2013 6:51 am

Sioux Falls, S.D., gains thousands of new residents each year. Leaders point to business opportunities, diversity and quality of life as reasons for its growth. This kind of boom comes with conflict, and Sioux Falls faces challenges to continuing development.

Business
2:31 am
Thu August 8, 2013

Love Boat Reaches Its Final Destination

Originally published on Thu August 8, 2013 4:38 am

The cruise ship made famous by the TV show The Love Boat will end up in a scrap heap on the Turkish coast. A ship recycling company in Turkey bought the cruise liner for a little more than $3 million and will strip it for its parts and metal.

Shots - Health News
1:20 am
Thu August 8, 2013

Obamacare Foes Make Final Push To Stop Health Law's Implementation

A screenshot from the FreedomWorks website, which is urging citizens opposed to the Affordable Care Act to opt out of the law's requirement to have insurance. It asks Americans to symbolically "burn your Obamacare card." In reality, no such card will exist.
FreedomWorks

Originally published on Thu August 8, 2013 8:47 am

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Business
1:19 am
Thu August 8, 2013

The 787 Returns, And Boeing Is Watching Its Every Move

Boeing is using advanced, real-time tracking of its flagship 787 as it returns to service after being grounded for months.
Charles Rex Arbogast AP

Originally published on Tue February 25, 2014 4:58 pm

Aviation experts continue to follow up on a number of recent accidents and incidents: the Asiana crash; a botched landing by a Southwest jet; and problems with an emergency beacon on a Boeing 787.

The entire fleet of 787s was grounded earlier this year for battery problems. Now, the aircraft are back in service, and Boeing is monitoring them around the clock.

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The Salt
2:01 pm
Wed August 7, 2013

Bring Home The Bacon Or Put It In A Meat Locker?

Time for a meat locker? One Flickr user's freezer after purchasing a large share of a pig.
Cowgirl Jules via Flickr

Originally published on Fri August 9, 2013 10:44 am

Why buy 1 pound of hamburger meat from a local farmer when you can buy 5 pounds — plus another 20 pounds of stew meat, steaks and roast — for as little as half the price of what it all goes for at the market?

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The Salt
12:52 pm
Wed August 7, 2013

After Immigration Bust, Herb Grower Tries A New Path

Ted Andrews, CEO of HerbCo International, says the H-2A agricultural guest worker program needs improvements.
Liz Jones for NPR

Originally published on Wed August 7, 2013 8:58 pm

The ongoing immigration debate in Congress often spotlights the job market for people living in the U.S. illegally. Not long ago, that market included one of the country's top organic herb farms — until an immigration bust forced the business, based in Washington state, to clean up its payroll.

Ted Andrews, owner of HerbCo International, says he's learned some tough lessons during the transition to a legal workforce. Lesson No. 1: "There are events that can destroy a business in the snap of a finger," he says. "This was one of them."

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The Two-Way
9:24 am
Wed August 7, 2013

Freddie Mac Earns $5 Billion In 3 Months; To Pay U.S. $4.4 Billion

Originally published on Wed August 7, 2013 9:54 am

Freddie Mac racked up a $5 billion profit in the second quarter, the mortgage backer said in its quarterly report Wednesday. The earnings are the second-highest in the history of Freddie Mac, which has now extended its streak of profitable quarters to seven in a row.

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All Tech Considered
3:28 am
Wed August 7, 2013

Amazon Enters Art World; Galleries Say They Aren't Worried

Amazon said its new art marketplace will provide access to more than 40,000 works of art from at least 150 galleries and dealers.
Amazon.com

Originally published on Wed August 7, 2013 9:35 am

Local record and book shops have been disappearing as the market for music and literature moves online. In the past few years, there's been a growth in sites that sell fine art on the Internet. On Tuesday, Amazon joined that market. But in this case, many brick and mortar galleries aren't seeing the Internet as a threat.

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Media
3:24 am
Wed August 7, 2013

Boston Hopes Red Sox Owner Can Turn Around 'Globe'

Originally published on Wed August 7, 2013 4:52 am

In Boston, a billionaire entrepreneur is buying the Boston Globe. John Henry is currently the owner of the Red Sox baseball team. He says he isn't interest in trying to influence the news — including the baseball coverage.

Business
3:24 am
Wed August 7, 2013

Virgin America Announces Earnings Win

Originally published on Wed August 7, 2013 5:42 am

The company has been hit by a lot of losses since it was founded in 2007. But for the second quarter of this year, it says it earned nearly $9 million. Virgin America seems to be reaping the benefits of falling fuel prices and an increase in people traveling.

Business
3:24 am
Wed August 7, 2013

Cardboard Cutout Is An Effective Police Officer

Originally published on Wed August 7, 2013 5:46 am

At a subway and bus station in Cambridge, Mass., transit police planted the cutout to watch over the bike racks. Bike thefts are down 67 percent.

Business
3:24 am
Wed August 7, 2013

DOJ Files Civil Charges Against Bank Of America

Originally published on Wed August 7, 2013 4:01 am

Transcript

RENEE MONTAGNE, HOST:

The Justice Department is bringing civil charges against one of the nation's largest banks. The government alleges that Bank of America made false statements about the quality of home loans it sold off to investors, $850 million worth of loads. The Justice Department move is the latest in a series of cases being brought against financial firms.

NPR's Chris Arnold has been following all of this and joins us now. Good morning.

CHRIS ARNOLD, BYLINE: Good morning, Renee.

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Business
3:24 am
Wed August 7, 2013

Want To Be A Chicken Farmer? Try It Before You Commit

The idea of raising backyard chickens has become very popular. But people who follow through on the idea don't always know what they are getting into. So a few companies are letting would-be chicken farmers try out the experience — for a fee.

Business
3:24 am
Wed August 7, 2013

Tensions Flare Over Rock Of Gibraltar

Once again, Spain and Britain are at odds over a tiny limestone peninsula at Europe's southern tip — Gibraltar. It's physically attached to Spain but has been a British territory for 300 years. Now some Spaniards want it back.

Politics
3:24 am
Wed August 7, 2013

Obama Focuses On Making Home Ownership More Accessible

President Obama is in California, where he'll visit Marines at Camp Pendleton. On Tuesday, he spoke about housing in Phoenix. Among other items, he talked about winding down Fannie Mae and Freddie Mac, the companies that guarantee most long-term fixed-rate mortgages in the U.S.

Business
3:24 am
Wed August 7, 2013

Bezos' Resources Could Go A Long Way For 'The Post'

Originally published on Wed August 7, 2013 7:41 am

News that Jeff Bezos, the founder and CEO of Amazon, is buying The Washington Post for $250 million took many in the news media and publishing industries by surprise. For more insight into Bezos, David Greene talks to BusinessWeek senior writer Brad Stone. He is the author of an upcoming book: The Everything Store: Jeff Bezos and the Age of Amazon.

All Tech Considered
2:21 am
Wed August 7, 2013

As Twitter Expands Reach, Abuse Policy Gets Added Scrutiny

This week, several women in the U.K. went public about explicit abuse they received on Twitter.
Alastair Grant AP

Originally published on Wed August 7, 2013 10:26 am

A series of threats and abusive messages aimed at prominent women in the U.K. have placed Twitter in an awkward spot. As the company gears up to go public and expand its brand around the world, it is increasingly running into cultural and legal hurdles that challenge Twitter's free speech ethos.

Earlier this year, Caroline Criado-Perez led a successful campaign to keep non-royal British women on the country's currency. Then last week, because of that work, the 29-year-old activist and blogger became the target of an organized barrage of hateful messages on Twitter.

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It's All Politics
2:49 pm
Tue August 6, 2013

With 'Post' Purchase, High-Tech Continues Its March On D.C.

Jeff Bezos, CEO and founder of Amazon.
Reed Saxon AP

Originally published on Tue August 6, 2013 3:44 pm

It's kind of an obvious thought: Jeff Bezos' purchase of The Washington Post is Richard Nixon's revenge.

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