Business
3:23 am
Wed January 22, 2014

Sears To Close Flagship Store In Downtown Chicago

Originally published on Wed January 22, 2014 6:12 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with a Chicago farewell.

(SOUNDBITE OF MUSIC)

MONTAGNE: Sears announced its closing its flagship store in downtown Chicago as part of an ongoing effort to cut expenses. It was once the largest retailer in Chicago. In fact, it was the namesake for the Sears Tower, the country's second tallest building.

One executive said that ever since it moved from the Sears Tower - which is now the Willis Tower - the downtown Chicago Sears has lost millions of dollars.

Business
3:23 am
Wed January 22, 2014

Global Economic Recovery To Keep Strengthening

Originally published on Wed January 22, 2014 6:12 am

The International Monetary Fund has updated its outlook for the world economy. The IMF boosted its forecast for global growth slightly. It also hiked its estimate for U.S. growth.

Business
3:23 am
Wed January 22, 2014

Banks Challenged By Economy Despite Positive Earnings

Originally published on Wed January 22, 2014 6:12 am

Transcript

STEVE INSKEEP, HOST:

Over the past week or so, most of the country's banks have reported their profits for the last quarter of 2013. The numbers, mostly, have better than most analysts expected. After a rough few years, most big financial institutions are faring pretty well. But there's some debate about how sustainable the numbers really are.

NPR's Jim Zarroli reports.

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Business
3:23 am
Wed January 22, 2014

Quicken Loans Offers $1 Billion In NCAA Bracket Promotion

Originally published on Wed January 22, 2014 6:12 am

The finance company is offering a $1 billion prize to whoever correctly picks each game in the men's NCAA tournament. The odds of correctly picking every game are more than 9 quintillion to 1.

Science
1:44 am
Wed January 22, 2014

Ancient And Vulnerable: 25 Percent Of Sharks And Rays Risk Extinction

Each year, 6 to 8 percent of the global population of sharks and rays gets caught, scientists say. The fish can't reproduce fast enough to keep pace
Mike Johnston Flickr

Originally published on Wed January 22, 2014 7:23 am

There are more than a thousand species of sharks and rays in the world, and nearly a quarter of them are threatened with extinction, according to a new study. That means these ancient types of fish are among the most endangered animals in the world.

This word comes from a Swiss-based group called the International Union for the Conservation of Nature (IUCN), which maintains the so-called Red List of species threatened with extinction.

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Sweetness And Light
1:44 am
Wed January 22, 2014

In Ice Skating's Biggest Story, The Media Were Poor Sports

Tonya Harding and Nancy Kerrigan at the 1992 U.S. Figure Skating Championships in Orlando, Fla.
Phil Sandlin AP

Originally published on Wed January 22, 2014 7:51 am

It's difficult to understand why certain athletes are harshly singled out by the media, but one of the most baffling examples has to be the criticism displayed toward figure skater Nancy Kerrigan after she was clubbed in the leg at a practice session just weeks before the 1994 Olympics.

The ex-husband of another member of the U.S. women's team, Tonya Harding, was convicted of arranging the attack. Harding herself was fined and banned from the sport.

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Around the Nation
1:43 am
Wed January 22, 2014

Gentrification May Actually Be Boon To Longtime Residents

The bustling Sidamo coffee shop in Washington's H Street Northeast neighborhood. The area has attracted many new, young residents and high-end bars, retail and restaurants over the past several years.
Meredith Rizzo NPR

Originally published on Wed January 22, 2014 7:34 am

Bobby Foster Jr. can often be found reading the paper on a wooden bench outside Murry's grocery store on the corner of Sixth and H streets northeast in Washington, D.C.

"The sun shines over here this time of day," says Foster, a retired cook. "It's always good when the sun shines."

Murry's has been an anchor in this neighborhood for decades — during the crack wars of the 1980s and the urban blight that followed, when most other businesses packed up and left. Foster has been somewhat of an anchor, too. He's lived here for 54 years.

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Sports
1:41 am
Wed January 22, 2014

Zen And The Art Of Snowboarding: Jamie Anderson Goes To Sochi

Jamie Anderson competes in the FIS Snowboard Slopestyle World Cup at the U.S. Grand Prix in January 2013, Copper Mountain, Colo.
Doug Pensinger Getty Images

Originally published on Wed January 22, 2014 9:30 am

The first time Jamie Anderson performed a "cab 7," it was not in the script. The trick involves a snowboarder launching off a jump and spinning two full rotations. Anderson had tried it in practice but had never fully executed it.

"I didn't have to do that trick, but I really wanted to and knew I could do it," Anderson says. "For me it was more about the principle of knowing that I can do something even that was really challenging and difficult."

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The Two-Way
6:23 pm
Tue January 21, 2014

Buying A Detroit House For $500, And Then Explaining Why

A corner in Poletown, the section of Detroit where Drew Philip bought a house for $500.
Courtesy of Garrett MacLean

Originally published on Thu January 23, 2014 11:43 am

Drew Philp made waves this month by explaining to the Internet why he bought a house in struggling Detroit for $500. In his much-discussed story for Buzzfeed, Philp said that he is part of "another Detroit," one where people are working to help each other and save their city.

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Business
4:50 pm
Tue January 21, 2014

Big Bike-Sharing Supplier's Bankruptcy Doesn't Doom U.S. Programs

A major supplier to bike-sharing companies declared for bankruptcy this week — but experts say they still see the services spreading. Here, a man rides a Citibike through the Dumbo district of Brooklyn.
Spencer Platt Getty Images

Originally published on Tue January 21, 2014 5:29 pm

The Canadian company that is the main equipment and technology suppliers for bike-sharing systems across the U.S. has filed for bankruptcy.

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