Back in this country, a major hedge fund manager, Philip Falcone and his company, Harbinger Capital Partners, have agreed to pay $18 million to settle charges over the improper use of his company's money.
As NPR's Richard Gonzales reports, Falcone is also barred from the securities industry for five years.
The aid propping up both sides of Egypt's ongoing political crisis largely comes from regional rivals. Saudi Arabia leads the financial support of Egypt's military rulers. Qatar leads the support of the Muslim Brotherhood. Renee Montagne talks to Max Rodenbeck, Middle East correspondent for The Economist, about funding sources
The Egyptian Exchange was shut down at the end of last week as protests and violence raged in Cairo and elsewhere. It re-opened on Sunday, but trading hours were shortened to give employees more time to get home before curfew. Many foreign investors reportedly pulled out of the exchange earlier this year.
For a long time, investors aiming for city profits have maintained that the smart money was on emerging markets. Economic growth in Brazil, Russia, India and China, the BRIC countries as they're known, has outstripped opportunities in the U.S. But in recent months, there is evidence that trend is starting to change. NPR's Yuki Noguchi reports investors are turning back to markets in the U.S. and other developed economies.
An Egyptian Apache helicopter flies over a crowd of pro-military demonstrators at Tahrir Square in Cairo on July 26. U.S. firms supply military hardware to the military, including the Apache helicopters.
The professional connections site LinkedIn is launching a new section of its social network Monday: University Pages targets younger users who want to connect with colleges. More than 200 schools now have profile pages, according to LinkedIn. As part of the new effort, the company also dropped its minimum age to 14 in the U.S.
The new college profiles allow prospective students to see how many of a school's graduates are on LinkedIn, as well as a breakdown of the main fields in which they work. The pages also list the top employers of alumni.
Long Island art dealer Glafira Rosales is scheduled to be arraigned Monday on charges of money laundering and wire fraud. Prosecutors say Rosales was involved in selling $80 million worth of counterfeit Modernist paintings that turned out to be the work of one anonymous painter.
The average cost of an American wedding cost more than $28,000 last year. Travelers insurance is now offering wedding insurance. There's coverage for failed wedding pictures, the caterer goes out of business, gifts go missing, etc.
It's been nearly 10 months since Superstorm Sandy hit the Northeast — and coastal communities are still trying to rebuild. Many homeowners are turning to building professionals to reduce the risk of future floods. But in doing so, architects and designers may be exposing themselves to legal risk.
The Securities and Exchange Commission reportedly has opened a bribery investigation into whether JPMorgan Chase hired the children of powerful Chinese officials to help the bank win lucrative business. JPMorgan says it is fully cooperating with investigators.
Manufacturing is increasingly being done with robotic power tools that cost tens of thousands of dollars. They're known as CNC or computer-numerical-control machines. A California company is making low-cost CNC machines that will help in the classroom.
From left, Garrett Berntsen, Jennifer Majer and William Shields compare notes at The Johns Hopkins University School of Advanced International Studies in Washington, D.C. Twenty-somethings have new choices under Obamacare.
The Oct. 1 launch of the new health insurance exchanges is now less than two months away, and people are starting to pay attention to the changes these new marketplaces may bring to the nation's health care system.
Classic cars of all makes and models drive the 16-mile stretch along Woodward Avenue during the annual Dream Cruise in 2009 in Ferndale, Mich. During the annual event, the glory days of car culture return, if only for a day.
Almost as soon as they started rolling off the assembly lines, automobiles became synonymous with freedom. And in the post-World War II boom our relationship with cars intensified.
It was about horsepower, status, being American, and for young people: rebellion. For generations cars inspired countless songs, books and movies. But now there are signs that our car culture is losing some of its shine.
Originally published on Sun August 18, 2013 2:49 pm
The Securities and Exchange Commission has launched an investigation of JPMorgan Chase's operations in China, reportedly looking into whether the investment bank hired the children of high-ranking Chinese government officials in an effort to secure business.
The Wall Street Journal quotes from an SEC filing that says U.S. regulators are investigating "business relationships with certain clients."
This is WEEKEND EDITION from NPR News. I'm Rachel Martin.
Last week, the Justice Department put the breaks on a deal that could create the world's largest airline. The government has blocked a proposed merger between American Airlines and US Airways with a lawsuit. The action elicited some surprise because the airline industry has had a major run of mergers in recent years.
In the digital world, almost everything you do to communicate leaves a trace. Often, emails are stored on servers even after they're deleted. Phone calls create logs detailing which numbers connected, when and for how long. Your mobile phone can create a record of where you are.
If you're a journalist trying to protect a confidential source, this is a very difficult world to work in.
The race to create a viable Internet-based TV service is on, and the contestants include the biggest names in computer technology: Apple, Microsoft, Intel and Google. Sony has apparently reached a deal — as preliminary — with Viacom to carry the company's cable channels on its planned web TV service.
Audie Cornish talks with Alan Levin, a Bloomberg News reporter covering aviation safety and the Federal Aviation Administration, about cargo plane safety and why cargo plane accidents appear to be increasing worldwide
Congress has gone home for its annual August recess, so Tell Me More takes a look at headlines in places across the country. Guest host Celeste Headlee talks with Mike Leary from the San Antonio Express-News and Dana Coffield of The Denver Post.
Originally published on Fri August 16, 2013 4:14 am
The stock market has lost about 3.5 percent of its value since the beginning of the month. For insight into why the decline, David Greene talks to David Wessel, economics editor of The Wall Street Journal.
Originally published on Fri August 16, 2013 4:34 am
For two weeks, customers with Time Warner Cable in New York, Los Angeles and Dallas have been unable to watch CBS with their cable box. Time Warner and CBS disagree over how much the cable company should be paying the television network for transmitting its shows.
The blueberries on your morning cereal are less expensive this year. That's because farmers are harvesting a bumper crop this summer. It's good news for berry lovers, but the bounty might wreck some blueberry growers.
In Richland, Wash., Genoa Blankenship pops open the lid on a box of blueberries. Her three young children struggle to stop wiggling. Blankenship loves the idea of healthy snacks that are easy to take along to soccer practice.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
AUDIE CORNISH, HOST:
And I'm Audie Cornish. The stock market usually likes good news about the economy, but that's not always the case. This morning, stocks opened down sharply just after the government announced a surprisingly large drop in initial claims for unemployment benefits. In fact, claims fell to the lowest level since before the recession and the Dow Jones Industrials ended the day down 225 points, a decline of 1.5 percent.
For auto companies, that Environmental Protection Agency-approved MPG sticker on a new car is a high stakes and expensive process. These days it can be damaging to a company's image if customers can't achieve that great fuel economy in their own commutes.
Americans are buying less gasoline than they did just a few years back. While many people believe this is a good thing, it does present a problem: Most road construction is paid for with fuel taxes. Less gas tax revenue means less money for roads.
One reason gas purchases are down is that more people are driving more efficient cars, such as hybrid and electric vehicles. Now states are looking for solutions, including charging hybrids extra fees or imposing fees based on miles driven.