NPR Business

Business
5:13 am
Tue August 20, 2013

Money Flows Into Egypt, But Where Does It Come From?

Originally published on Tue August 20, 2013 6:46 am

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

Business
5:13 am
Tue August 20, 2013

JPMorgan Chase faces Growing Legal Problems

Originally published on Tue August 20, 2013 6:25 am

On Monday, The Wall Street Journal reported the Justice Department is investigating the bank over improper energy trading. That follows the news that the anti-bribery unit of the Security and Exchange Commission is looking into whether JPMorgan hired the children of Chinese officials to help win business.

Business
5:13 am
Tue August 20, 2013

British Firm Tries Out Virtual Receptionist

Originally published on Tue August 20, 2013 7:20 am

Shanice is about to start her job as the receptionist at a new local government office in London. She also happens to be a hologram. Officials say that at a cost of $19,000, she's much cheaper than a living and salaried alternative.

Business
5:13 am
Tue August 20, 2013

SEC Bans Falcone From Trading For 5 Years

Originally published on Tue August 20, 2013 5:40 am

Transcript

DAVID GREENE, HOST:

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.

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Business
5:13 am
Tue August 20, 2013

Rocky Road Predicted For Egypt's Stock Exchange

Originally published on Tue August 20, 2013 7:15 am

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.

Media
5:13 am
Tue August 20, 2013

NPR CEO Knell To Leave After 2 years On The Job

Originally published on Tue August 20, 2013 5:36 am

CEO Gary Knell announced on Monday that he is leaving NPR to take the helm at National Geographic Society. The offer was too good to refuse, Knell told NPR staffers, giving him the chance to lead a larger educational and publishing and television organization on a "global stage."

Business
5:13 am
Tue August 20, 2013

Conn. Firm Lured To N.C. By 'Hungry Workforce'

Originally published on Tue August 20, 2013 7:57 am

Some politicians across the country are getting crafty — trying to woo businesses to their states. But in North Carolina, it wasn't an elaborate government sales pitch that got a company in Connecticut interested in expansion. It was the state's high unemployment rate.

Politics
5:13 am
Tue August 20, 2013

Heritage Foundation Rallies Support To Defund Obamacare

Originally published on Tue August 20, 2013 5:39 am

The Heritage Foundation and its political activist arm Heritage Action are turning to the town hall format to try to stop the health care law. Foundation president and former GOP senator Jim DeMint was in Fayetteville, Arkansas, Monday night as part of a nine-city defund Obamacare tour.

Europe
6:39 pm
Mon August 19, 2013

Relying On Old Artisan Ways, French Brand Makes Itself Anew

Moynat was renowned for products such as the lightweight wicker trunk named Malle Anglaise, or English trunk, which was invented in 1873. This trunk was subsequently improved and a new patent filed in 1889.
Courtesy of Moynat

Originally published on Mon August 19, 2013 6:58 pm

Founded in the mid-19th century, French luxury leather goods maker Moynat became renowned for making traveling trunks for the moneyed set. Though a pioneer in its field, it fell on hard times and closed its doors in the 1970s.

These days, the fabled company is undergoing a resurrection — turning out limited quantities of luxurious, handmade bags that rely on centuries-old craftsmanship.

On a recent day, Moynat's CEO, Guillaume Davin, leads me up the back stairs of the company's flagship boutique in Paris.

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Business
5:13 pm
Mon August 19, 2013

Some Investors Choosing U.S. Over Emerging Markets

Originally published on Mon August 19, 2013 6:58 pm

Transcript

AUDIE CORNISH, HOST:

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.

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