Business

Business
3:34 pm
Thu October 31, 2013

More Foreign Firms Look To Make It In The USA

Acura MDX sport utility vehicles roll off the assembly line at a Honda plant in Lincoln, Ala., in May. Overseas investors have U.S. assets totaling nearly $4 trillion, including auto plants, banks and mines.
Joe Songer AL.com/Landov

Originally published on Fri November 1, 2013 11:44 am

When many Americans hear the word "globalization," they think: "jobs going overseas."

And sometimes it does mean just that.

But as globalization knits nations closer together, foreign companies increasingly are creating jobs in the United States, not luring them away. Despite the Great Recession, slow recovery and political dysfunction in Washington, the United States remains a top destination for the world's wealth.

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Business
2:48 pm
Thu October 31, 2013

Delta CEO: Washington's Fiscal Gridlock Is Holding U.S. Back

Originally published on Thu October 31, 2013 4:01 pm

With economic uncertainties in Washington, how is big business planning for the future? Robert Siegel talks to Delta Airlines CEO Richard Anderson about whether he's planning to grow his company or put off investments until the economy evens out.

Economy
2:48 pm
Thu October 31, 2013

Economic, Political Volatility Cloud Housing Recovery

Despite a strong housing market this year, experts say the recent economic drama has contributed to less stability in real estate.
Steven Senne AP

Originally published on Thu October 31, 2013 6:30 pm

Housing has been one of the bright spots in the economy this year. This week, a report showed that home prices in the top 20 cities continued their robust upward march in August. There are also far fewer foreclosure sales and other signs of distress in the market.

But the Federal Reserve expressed concern Wednesday about the slowing housing market. Pending home sales fell far more than expected. And housing experts are bracing for some volatility.

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Parallels
2:48 pm
Thu October 31, 2013

The Billionaire Who Personified Brazil's Boom Goes Bust

Batista appears with Brazilian President Dilma Rousseff during a ceremony in celebration of the start of oil production by OGX, Batista's oil and gas company, in 2012. The company filed for bankruptcy Wednesday.
Ricardo Moraes Reuters /Landov

Originally published on Thu October 31, 2013 4:14 pm

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Parallels
1:45 pm
Thu October 31, 2013

Thinking Of Working Abroad? Read This

This is one reason why Thailand is so popular with expats: Michal Navratil of the Czech Republic dives during the 2013 Red Bull Cliff Diving World Series in Krabi, Thailand, last week.
Dean Treml Red Bull/Getty Images

Originally published on Fri November 1, 2013 9:33 am

Thinking of living and working abroad for the experience? For those already doing it, Asia seems to be the preferred destination.

The HSBC 2013 Expat Survey asked 7,000 expatriates in 100 countries to rate nations on three factors: economics, experience and raising children.

China topped the list, followed by Germany, Singapore, Cayman Islands and Australia. The U.S. was No. 12.

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The Salt
1:08 pm
Thu October 31, 2013

Candy Sales Are Flat; The Industry Blames The Weather

Halloween candy is offered for sale at a Walgreens store on September 19, 2013 in Wheeling, Illinois.
Scott Olson Getty Images

Halloween candy sales have been flat over the last few years. And candy makers point to several reasons, including one I hadn't thought of: bad weather.

"The past two years have been plagued with major weather disruptions in key celebration regions," Jenn Ellek of the National Confectioners Association tells us in an email.

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The Two-Way
9:09 am
Thu October 31, 2013

FAA Says Fliers Can Safely Use Most Electronics

Leonardo Patrizi iStockphoto.com

Saying it has "determined that airlines can safely expand passenger use of Portable Electronic Devices (PEDs) during all phases of flight," the Federal Aviation Administration announced Thursday that it is advising airlines they can let fliers use their much-loved e-books, tablets and other handhelds "gate-to-gate."

Cellphone calls, however, would still be prohibited.

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The Two-Way
7:08 am
Thu October 31, 2013

Jobless Claims Dip For Third Straight Week

Originally published on Thu October 31, 2013 8:37 am

The number of Americans filing first-time claims for unemployment insurance fell by 10,000 last week, to 340,000 from 350,000 the week before, the Employment and Training Administration said Thursday.

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The Two-Way
5:41 am
Thu October 31, 2013

Book News: Jane Austen Bank Note Dinged As 'Airbrushed Makeover'

The governor of the Bank of England, Mark Carney, displays the concept design for the new 10-pound banknote featuring author Jane Austen.
Getty Images

Originally published on Thu October 31, 2013 7:48 am

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

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Business
5:22 am
Thu October 31, 2013

Nintendo Reports More Losses

Nintendo, the world's largest video game company, reported its third quarterly net loss in a row — the latest was just over $81 million. The Wii U gaming console's disappointing sales are the main culprit. It has sold just 5 percent of what Nintendo had projected a year ago.

Business
2:01 am
Thu October 31, 2013

Providence Kindles Love Of Horror Writer H.P. Lovecraft

An artists's rendition of pulp-fiction writer H.P. Lovecraft is just one example of the author's growing popularity.
The Lovecraft Anthology

Originally published on Wed November 6, 2013 9:42 am

Pulp-fiction writer Howard Phillips "H.P." Lovecraft has for decades terrified an underground following of readers with horror stories about monsters and aliens. He's known to some as a bad writer, and to many as a racist. Even during the author's lifetime, his readership was limited.

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All Tech Considered
2:00 am
Thu October 31, 2013

Add Security To The List Of HealthCare.gov Tech Issues

Rep. Mike Rogers, R-Mich., asks about website security questions Wednesday at a House Energy and Commerce Committee hearing on problems with HealthCare.gov.
Chip Somodevilla Getty Images

Originally published on Thu October 31, 2013 8:37 am

To the long list of problems plaguing HealthCare.gov, add data security. The enrollment site for the new health insurance exchanges had a security flaw that didn't get patched up when the exchange marketplace went live.

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The State Of The American Small Business
1:57 am
Thu October 31, 2013

What Happens When The Pace Of Startups Slows Down

Is this coffee shop going to grow to be the next Starbucks?
iStockphoto.com

Originally published on Thu October 31, 2013 10:45 am

Since the financial crisis hit five years ago, there aren't as many Americans starting new businesses. In uncertain economic times, it's harder for entrepreneurs and investors to take the risk.

And if you look back over the past 25 years, it turns out the overall trend is toward fewer new businesses getting started, too — and that's not good at all when the country needs more jobs.

The Next Google

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The Salt
3:07 pm
Wed October 30, 2013

Soylent: An Offbeat Food Idea Investors Are Taking Seriously

There are people who'd rather not eat food? Yes. And Silicon Valley investors are betting they'll buy Soylent.
iStockphoto.com

Originally published on Fri November 1, 2013 1:18 pm

Back in April, we described Rob Rhinehart's experiment concocting something that could give him all the nutrition and none of the hassle of food.

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Media
3:07 pm
Wed October 30, 2013

Prosecutors Press Case In 'News Of The World' Phone-Tapping Trial

Originally published on Wed October 30, 2013 4:00 pm

At the Old Bailey Courthouse in London Wednesday, the prosecution laid out the case against former journalists of the now-defunct British tabloid News of the World.

Economy
3:07 pm
Wed October 30, 2013

Business Leader Sees Uncertainty, Increased Costs In Health Law

Originally published on Wed October 30, 2013 4:00 pm

Against the backdrop of big uncertainties business are facing — everything from the future of fed policy and leadership and gridlock in Washington to the effects of Obamacare, inflation and unemployment — Robert Siegel talks with Pat Meyer, president and CEO of windows and doors maker Pella Corporation for an on-the-ground sense of how businesses see these uncertain economic times.

Economy
3:07 pm
Wed October 30, 2013

Fed, Citing A Still-Struggling Economy, Will Keep Buying Bonds

Originally published on Wed October 30, 2013 4:00 pm

Federal Reserve policymakers wrapped up their two-day October meeting Wednesday by announcing that they will maintain the Fed's $85 billion per month bond purchase program. The central bank's statement said that conditions in the labor market have "improved" and inflation is modest. But, in explaining the decision to maintain the stimulus, the statement pointed to a slowing housing market and said that fiscal policy is "restraining economic growth."

Health Care
3:07 pm
Wed October 30, 2013

Here's What You Need To Know About Obamacare And Your Health Plan

Originally published on Wed October 30, 2013 4:00 pm

The latest complaints about the health law center around the question of whether you can keep your current health plan if you like it. There actually are rules associated with the law that try to protect that right. Here's a primer on those rules.

Economy
1:27 pm
Wed October 30, 2013

Why The Fed Decided Not To Change Course

Citing continued signs of weakness, the Federal Reserve said it will keep aiming for low interest rates.
Mark Wilson Getty Images

Look around. Do you see much inflation?

Gas prices are down more than 7 percent from last year. Grocery costs haven't budged lately. And — just in time for Halloween — the price of candy is down 2.3 percent from last year, according to the government's consumer price index released Wednesday.

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The Two-Way
12:56 pm
Wed October 30, 2013

For Now, Fed Will Stand Firm On Bond Buying

The Fed pointed to a somewhat weaker housing market in recent months.
Scott Olson Getty Images

Originally published on Wed October 30, 2013 1:36 pm

The Federal Reserve's message, at least for now, is to take a wait-and-see approach to the economy before tapering off on its bond-buying program.

In a statement issued after Wednesday's meeting, the Federal Open Market Committee said that while it has seen signs of "growing underlying strength in the broader economy" it awaits "more evidence that progress can be sustained."

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All Tech Considered
12:01 pm
Wed October 30, 2013

To Keep Your Attention, Airline Safety Videos Up Their Game

Virgin America released a song-and-dance themed safety video this week.
Courtesy of Virgin America

Originally published on Wed October 30, 2013 1:03 pm

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Planet Money
11:44 am
Wed October 30, 2013

Confused About Health Insurance? Take Our Quiz!

Karen Bleier AFP/Getty Images

Originally published on Thu October 31, 2013 8:29 am

Any day now — assuming the government manages to fix HealthCare.gov — millions of people will start shopping for health insurance.

Will those shoppers know what they're doing? More to the point, if you're one of those shoppers, will you know what you're doing?

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The Two-Way
11:39 am
Wed October 30, 2013

Report: NSA Has Broken Into Google And Yahoo Data Centers

"The National Security Agency has secretly broken into the main communications links that connect Yahoo and Google data centers around the world," The Washington Post reported at midday Wednesday.

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Around the Nation
6:45 am
Wed October 30, 2013

Hotel Construction Booms Across U.S.

Originally published on Thu October 31, 2013 3:24 am

Transcript

RENEE MONTAGNE, HOST:

And as the economy has improved, more people are traveling for business and pleasure, causing a jump in hotel bookings nationwide.

And as Colorado Public Radio's Ben Markus reports, lower vacancy rates mean higher room prices and a push for developers to build more hotels.

BEN MARKUS, BYLINE: Business is good these days for commercial real estate agent David Gleason. And that means he's traveling for work again.

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The Salt
3:32 pm
Tue October 29, 2013

Community Supported Canning Gets Locavores Through Winter

Cheryl Wixon's Kitchen will get you 54 jars of pasta and pizza sauces, cranberry ketchups and fruit jams and butters delivered between November and April." href="/post/community-supported-canning-gets-locavores-through-winter" class="noexit lightbox">
For $300, a share from Cheryl Wixon's Kitchen will get you 54 jars of pasta and pizza sauces, cranberry ketchups and fruit jams and butters delivered between November and April.
Courtesy of Andrea Hand

Originally published on Fri November 1, 2013 8:03 am

Community supported agriculture shares are moving out of the crisper and into the pantry.

That's the hope, anyway, of a growing number of farmers and small processors who are marketing local goods under the CSA model.

In traditional a CSA, a farmer sells shares of their fruit and vegetable crop ahead of the growing season to generate cash flow for the year. The farmer then provides boxes of seasonal produce on a regular basis to shareholders during the harvest.

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Parallels
12:25 pm
Tue October 29, 2013

3 Charts (And A Few Words) On The Rise Of Electric Bikes

Electric bikes made by French company Moustache are displayed during the Cycle Show 2013 in Paris last month.
Charles Platiau Reuters /Landov

Originally published on Tue October 29, 2013 2:49 pm

We told you last week about how bicycles are outselling new cars in almost every European country.

When we delved a little deeper into the numbers, we found that while bicycle sales remained steady in a six-year period that began in 2006 (the top chart), sales of electric bikes exploded (the second chart).

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The Salt
11:35 am
Tue October 29, 2013

A Japanese iPhone Gadget Teases The Tummy With Food Smells

Simply plug the Scentee device into your iPhone jack and let the scent of grilled meat waft your way.
YouTube

Originally published on Tue October 29, 2013 1:35 pm

Have you ever wished that your iPhone could bring you the smell of coffee, curry or steak?

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The Salt
9:42 am
Tue October 29, 2013

Startups Try To Reroute Food Waste To The Hungry

Roger Gordon (left) is offered a box of bananas from a worker who was throwing away the lightly speckled fruit at Mexican Fruits in Washington, D.C. Gordon's startup, Food Cowboy, works with truckers to divert edible produce from landfills to food charities.
Serri Graslie/NPR

Originally published on Fri November 1, 2013 1:19 pm

In an alley in Northeast Washington, D.C., hundreds of pounds of produce are piled haphazardly on pallets. Mexican Fruits, a discount grocer, can't sell the fruit and vegetables inside these boxes because the food has gone soft or is lightly bruised. Some will be donated, but most boxes are destined for a large, green Dumpster nearby.

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Planet Money
9:41 am
Tue October 29, 2013

Top Reviewers On Amazon Get Tons Of Free Stuff

What's this?
Amazon

Originally published on Tue March 18, 2014 1:41 pm

You're on Amazon.com. You're buying, say, a toaster, and you're checking out the customer reviews. You assume the people writing these reviews are people like you — people who wanted a toaster, went online and bought one. As it turns out, a lot of reviews on Amazon are written by people who are nothing like you. They're written by elite reviewers who are sent free merchandise to review products. In other words, it's possible that the guy reviewing that toaster you're looking at wasn't in the market for a toaster to begin with and didn't pay a cent for it.

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The Two-Way
8:15 am
Tue October 29, 2013

Consumer Confidence Fell Sharply This Month; Shutdown Blamed

A "For Sale" sign outside a home in the Wicker Park neighborhood of Chicago on Monday.
Scott Olson Getty Images

The 16-day partial shutdown of the federal government and the wrangling in Washington over the nation's finances combined to shake consumers' confidence sharply in October, the private Conference Board reported Tuesday morning.

Its widely watched consumer confidence index dropped to 71.2 from 80.2 in September.

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