KTEP - El Paso, Texas

Business

Business news

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

STEVE INSKEEP, HOST:

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

STEVE INSKEEP, HOST:

The troubled Tronc media company agreed Sunday evening to recognize unions to represent journalists in negotiations at its Chicago-area publications, including its iconic Chicago Tribune, heading off a looming confrontation involving federal regulators, NPR has learned.

It is a notable reversal for Tronc, historically known in various corporate iterations for its hostility to organized labor.

Tronc struck a conciliatory tone in a statement to NPR Sunday night, saying that it looked forward to productive conversations with union representatives.

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

MICHEL MARTIN, HOST:

Now we want to spend a few minutes with Richard Stearns, president of World Vision USA, the Christian humanitarian organization.

On Saturday afternoon, Nushi Nazemi marked the 200th anniversary of Karl Marx's birth by laying a wreath at his London tomb.

Nazemi, 67, grew up in a Marxist family in Tehran and served time in prison in Iran for her communist involvement against the Islamic regime. And to honor the philosopher behind the anti-capitalist activism of her youth, she paid 4 pounds (about $5.40) to enter the Highgate Cemetery.

"I am OK with it," Nazemi said, regarding the admission fee. "For keeping the environment safe and clean, they have to actually have some budget."

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

MICHEL MARTIN, HOST:

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

MICHEL MARTIN, HOST:

PLAYlive Nation, a nightclub-style video game lounge, is one big, dark room with club music playing in the background. Flat-screen televisions line the walls with XBox gaming systems plugged into each one. There's a big, comfortable chair for each television. Almost every screen is taken up by someone playing Fortnite.

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

SCOTT SIMON, HOST:

The U.S. economy is improving steadily. The unemployment rate continues to fall. Usually, when companies expand their workforces and start hiring, the supply of workers dries up and wages start to climb faster.

But that's not happening right now. Wages are rising at a measly 2.6 percent. That's barely higher than inflation.

Elise Gould, a senior economist at the Economic Policy Institute, says the way we classify workers misses a key part of the potential workforce. And there's a lot more slack in the labor market than you'd think just by looking at the unemployment rate.

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

MARY LOUISE KELLY, HOST:

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

MARY LOUISE KELLY, HOST:

To another story now - the arrest of a man accused of bribing African leaders is shedding a rare light onto how China's government and its companies operate abroad. Here's Rob Schmitz of NPR's Planet Money podcast.

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

AUDIE CORNISH, HOST:

Updated at 1:01 p.m. ET

Treasury Secretary Steven Mnuchin and other top U.S. trade officials ended a round of talks in Beijing on Friday, failing to secure large goals that ranged from cutting the trade imbalance by $200 billion by the end of 2020 to stopping China from targeting U.S. technology and intellectual property.

Both sides say the talks will continue with quarterly meetings.

Updated at 10 a.m. ET

The U.S. economy had a net gain of 164,000 jobs last month. Unemployment — which had stood at 4.1 percent since October 2017 — fell to 3.9 percent, according to Friday's report from the Bureau of Labor Statistics.

The last time the U.S. jobless percentage sat below 4 percent was in 2000, when unemployment stayed at 3.9 percent for the final four months of the year.

When it comes to the Olympic-style bidding for Amazon's second headquarters, the nation's capital and its neighbors could have joined together in a united front.

Instead, the District of Columbia and the suburbs of Maryland and Virginia decided to compete against each other.

Martin Winterkorn, the former head of Volkswagen, was indicted on Thursday along with five other former VW executives on charges of conspiracy and fraud in connection with a years-long scheme by the automaker to cheat on auto emissions tests.

Winterkorn, who led VW from 2007 to 2015, is the highest profile figure charged in the scandal that forced him to resign.

How much did you make in your previous job?

This dreaded interview question can sound like a trap. Your answer could be used to set your salary below someone else who is doing the same job.

And, critics say, the question can be used by employers to discriminate against women and minorities who earn less.

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

MARY LOUISE KELLY, HOST:

Baby Bubbles

May 3, 2018

It's been more than a decade since a bursting housing bubble triggered the 2008 financial crisis. And, once again, the housing market is booming. Home prices are rising way faster than inflation. And that's got a lot of people worried about another bubble.

We talked to a developer in one of the hottest markets in the country about what he's seeing on the home front. And we asked an economist at the Urban Institute whether he thinks we're on the verge of another housing bust.

Tesla CEO Elon Musk is known for being outspoken and unscripted. But he took that to a new level in a remarkably blunt and contentious call with Wall Street analysts Wednesday after the automaker reported a record loss of more than $700 million last quarter.

"Excuse me. Next, next," an irritated Musk said on the conference call with analysts who follow the company. "Boring, bonehead questions are not cool. Next?"

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

DAVID GREENE, HOST:

The new lawyer on President Trump's legal team is already making news by contradicting previous statements by his client.

RACHEL MARTIN, HOST:

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

RACHEL MARTIN, HOST:

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

RACHEL MARTIN, HOST:

The two black men arrested at a Philadelphia Starbucks last month have reached a settlement with the coffee chain and the city.

Updated at 12:29 p.m. ET Thursday

A judge in New York has ruled that residents of Trump Place, a condominium building on Manhattan's West Side, have the right to remove President Trump's name from the building if enough of them approve of it.

The ruling by New York Supreme Court Judge Eileen Bransten marks a defeat for the Trump Organization, which had argued that removing the name would violate the building's licensing agreement.

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

AUDIE CORNISH, HOST:

Facebook CEO Mark Zuckerberg wants to play Cupid.

(SOUNDBITE OF ARCHIVED RECORDING)

MARK ZUCKERBERG: It's going to be for building real long-term relationships - all right? - not just hookups.

(LAUGHTER)

Aging Up

May 2, 2018

There's this perception that successful entrepreneurs are invariably youthful, full of ideas and energy, and unburdened by responsibilities that come with middle age. Pair that with the idea that as we get older we decline cognitively, and it makes sense that we think of entrepreneurship as a young person's deal, right?

Ben Jones at the Kellogg School of Management doesn't agree.

Updated at 6:16 p.m. ET

Cambridge Analytica, the firm that used data from millions of Facebook users without their knowledge, said Wednesday that it is "immediately ceasing all operations." The firm worked for President Trump's 2016 campaign.

Before Hurricane Maria hit last September, Puerto Rico was battered by the forces of another storm — a financial storm.

The island's own government borrowed billions of dollars to pay its bills, a practice that Puerto Rico's current governor, Ricardo Rosselló, now calls "a big Ponzi scheme."

Pages