The National Hockey League has now canceled all games through the end of November, as team owners lock out players in a labor dispute. In the meantime, there are many businesses and workers who count on hockey games to help make ends meet. But they are now trying to make due without.
Airlines canceled more than 17,000 flights before, during, and after the storm. New York's JFK and Newark Airport in New Jersey re-opened this morning, with limited service. For other airports, it may be days before their first flights take-off. All told, Sandy is expected to cost the domestic airline industry $100 million - money it can't really afford to lose.
Still, as NPR's Wade Goodwyn reports, the news hasn't been all bad.
Originally published on Wed October 31, 2012 4:36 am
Fanboys and -girls, get ready to celebrate – or be disappointed: Disney announced Tuesday that it was buying Lucasfilm Ltd. for $4 billion, and continue the Star Wars franchise with the first of new series of films in 2015.
Originally published on Wed October 31, 2012 8:32 am
When Superstorm Sandy slammed into the East Coast on Monday, the fragile U.S. economy was just sitting there, stuck in a sluggish-growth mode.
Now, as the massive cleanup begins, business owners, workers and investors are wondering what impact the megastorm ultimately will have on their wallets. Did Sandy weigh down economic activity enough to drown the recovery? Or will the rebuilding efforts boost growth over the longer term?
Originally published on Tue October 30, 2012 5:04 pm
It's football season at Oregon State University, and that means tailgating, grilling, and ... cheese?
When we think of Oregon, we don't necessarily think of cheese — maybe a nice Pinot Noir, but not cheese. But this fall, Oregon State University's new cheese plant rolled out its first batch of product: a specialty alpine cheese (like Swiss, Comte or Gruyere) dubbed by the students "Beaver Classic." It's a mild cheese, with nutty flavors like caramelized onions.
And now for our conversation about personal finance. Especially in these lean times, savvy shoppers have been told never to leave the house without their coupons. Those who take it to another level call themselves extreme couponers. These big savers can load shopping carts with hundreds of dollars of merchandise and pay just a fraction of that for it. That's because they spend hours online writing companies and even dumpster diving to get as many coupons as they can.
Here's a clip from TLC's reality show "Extreme Couponing".
The transportation industry is also taking a hard hit. Travel is at a virtual standstill along the East Coast because of Sandy. Up to 15,000 flights have been canceled. Amtrak service in the Northeast is shut down again today. And crews are just beginning to assess the extensive cleanup work needed to clear tracks and roads.
NPR's Tovia Smith reports.
TOVIA SMITH, BYLINE: Travelers across the Northeast have been going nowhere fast. Some who thought they were getting lucky, got half way home before hitting the end of the road.
Sandy overshadowed almost everything in yesterday and put the rest of it under water. But even with a massive storm underway the publishing industry could not ignore another big story: the merger of two of the biggest publishing houses in the business. The European conglomerates that own Random House and Penguin reached an agreement to consolidate.
Originally published on Tue October 30, 2012 9:32 am
There's big news in the world of publishing: The two conglomerates that own Random House and Penguin announced Monday that they were merging their book businesses to form a new company.
German media company Bertelsmann, the owner of Random House, will own 53 percent of the new firm, Penguin Random House; Pearson, which owns Penguin, will control the rest. The merger, subject to regulatory approval, is scheduled to be completed in the second half of 2013.
Executives of the publishing giants Bertelsmann and Pearson announced on Monday that they will pursue a merger of their publishing houses, Random House and Penguin. The united publishing companies are set to become a large and influential force in publishing.
Originally published on Mon October 29, 2012 3:12 pm
Economists will need many days — maybe weeks or months — to assess the financial harm being done by Hurricane Sandy. But whatever the final figure, it will be huge, well into the tens of billions of dollars.
More than 60 million Americans are feeling the impact of the weather monster slamming New York, New Jersey, Maryland, the District of Columbia, Virginia, Connecticut, Pennsylvania and many other states. The howling mix of wind, rain and snow is causing massive direct losses, i.e., the destruction of private homes, stores, boats and cars.
In the months since the controversy over the Susan G. Komen Foundation's shifting position on funding for Planned Parenthood, the organization has seen a decline in fundraising and attendance at its main event, annual races held around the country to raise money for breast cancer prevention and treatment.
Originally published on Mon October 29, 2012 4:47 am
Hurricane Sandy's full impact on the U.S. economy won't be known for quite some time, though some estimates for possible damage are in the billions. A more immediate economic effect is on the markets, as Wall Street shuts down for at least Monday.
A new study released by the World Economic Forum ranks northern European nations at the top when it comes to the size of their gender gap. But one area where the gap is huge is in the percentage of women on company boards; it's less than 15 percent EU-wide. Controversy over what should be done about that — and by whom — is more divisive than ever.
The U.S. economy remains in a gray area, so it's no wonder that the presidential race is essentially tied.
Gross domestic product grew at a 2 percent annual rate between June and September, according to figures out Friday. The White House says this means the economy has been growing for 13 straight quarters.
One of London's defining features is the black hackney cab. Along with the city's red double-decker buses, those shiny black cabs are moving London landmarks. But the company that makes them is in trouble.
RENEE MONTAGNE, HOST:
Unable to pay its debts, the company this week went into what's called there, Administration. Harry Harris has been driving a London cab for 25 years, but he's not too broken up about this.
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.
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.