On the corner of H and 12 streets, across from the auto parts store sits a decently sized Italian restaurant and bar called Vendetta. Inside, there's a wooden bar and brick walls salvaged from churches in upstate New York and Maryland, and authentic Italian advertisements line the walls. Upstairs, old restored Italian Vespas hang from the ceiling.
Originally published on Fri August 9, 2013 5:18 pm
U.S. trade officials have ruled that South Korea's Samsung infringed on patents owned by Apple for specific smartphone features, ratcheting up a tit-for-tat legal battle between the two electronics giants that is matched only by the ferocity of their marketplace competition.
Meet Marvin Horne, raisin farmer. Horne has been farming raisins on a vineyard in Kerman, Calif., for decades. But a couple of years ago, he did something that made a lot of the other raisin farmers out here in California really angry. So angry that they hired a private investigator to spy on Horne and his wife, Laura. Agents from a detective agency spent hours sitting outside the Hornes' farm recording video of trucks entering and leaving the property.
Originally published on Sat August 10, 2013 9:26 am
When winemakers crush the juice from grapes, what's left is a goopy pile of seeds, stems and skins called pomace. Until several years ago, these remains were more than likely destined for the dump.
"The pomace pile was one of the largest problems that the wine industry had with sustainability," says Paul Novak, general manager for WholeVine Products, a sister company to winemaker Kendall-Jackson in Northern California.
Originally published on Fri August 9, 2013 11:56 am
A group is calling on back-to-school shoppers to boycott Macy's and Kroger stores in Texas this weekend, in retaliation for the national retailers' efforts to quash a bill that would have strengthened the state's wage discrimination law.
Tiffanie Drayton's mother moved her family to the U-S for a better life. But it wasn't all it was cracked up to be. Now back in her native Trinidad, Drayton tells host Michel Martin what inspired her to share her story in the Salon piece 'Goodbye to my American Dream.' Byline: Michel Martin
NPR's business news starts with more fallout from the financial crisis.
Swiss banking giant UBS has agreed to pay $120 million to settle a lawsuit by investors. The case goes back to 2007. Investors say they were misled about the health of the financial firm Lehmann Brothers when UBS was selling them investments linked to Lehmann's debt. Lehmann collapsed into bankruptcy in September 2008. The settlement resolves claims of about $1 billion. Transcript provided by NPR, Copyright NPR.
Wednesday's $448 million Powerball drawing had three winning tickets. One is held by a project engineer in Minnesota. And this morning we're hearing some county garage workers in New Jersey have a lot to celebrate.
NPR's business news starts with good numbers for the U.K.
New data this morning shows Britain's trade deficit narrowed more than expected in June, helped by a healthy rise in exports. Exports hit $67 billion in June. That's a new high for the U.K. The strong performance indicates Britain may finally be emerging from years of stagnation. Transcript provided by NPR, Copyright NPR.
Maybe you've seen a busy parent do this - hand over their smart phone to a child with a kid-friendly app running to keep them busy. Well, yesterday an advocacy group complained to the Federal Trade Commission that Fisher Price is deceiving parents by promoting its Laugh & Learn apps as educational.
NPR's Laura Sydell reports.
LAURA SYDELL, BYLINE: Babies are encouraged to learn about shapes and colors on this version of Laugh & Learn apps.
This is MORNING EDITION, from NPR News. I'm David Greene.
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It was a good week for the economy, at least according to the data. To talk about what the latest numbers tell us about the health of the economy, we reached Ryan Avent. He writes for The Economist magazine.
A couple of nights ago I had just closed my book, turned off my light, and was drifting off to sleep when my cellphone started to shriek. I shot awake and groped for the phone. My sleep-befuddled brain was greeted with this message: "Boulevard, CA Amber Alert update." Then there was a license plate number, and a make and model of the car.
Groggily, I Google this town — Boulevard, Calif. — and discovered it was 541 miles away from my house. That's more than the distance between Washington, D.C., and Detroit. I was mystified. Why was I getting this?
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."
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
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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.
Originally published on Thu August 8, 2013 4:56 pm
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This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.
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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.
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.
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.
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.
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.
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.
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.
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.