NPR Business

The Two-Way
4:21 pm
Fri February 1, 2013

Dow Breaks 14,000 For First Time Since 2007

Trader Frederick Reimer works on the floor of the New York Stock Exchange on Friday.
Richard Drew AP

Originally published on Fri February 1, 2013 4:32 pm

Happy days are (or might be) here again: The Dow Jones industrial average closed above 14,000 Friday, marking the first time the stock market measure has broken that barrier at close since October 2007.

The average closed at 14,009.79. That's up more than 149 points, or about 1.1 percent for the day. The closing comes hours after the release of a new monthly unemployment report that indicated jobs grew at a faster rate late last year than previously estimated.

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Media
4:10 pm
Fri February 1, 2013

For Super Bowl Ads, More Social-Media Savvy

Deutsch LA

Originally published on Fri February 1, 2013 7:17 pm

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The Two-Way
1:13 pm
Fri February 1, 2013

Taxi! Chinese Company Finds Fair Deal In London Cab Maker

Black taxis drive down The Mall in London. A Chinese company rescued the British automaker that manufactures the famous cabs.
Pierre-Philippe Marcou AFP/Getty Images

The iconic black cabs of London got a lift Friday when a Chinese company rescued the British automaker that manufactures the taxis. Zhejiang Geely Holding Group said it will pay $17.5 million to buy Manganese Bronze Holdings, which has been making the cabs since 1899.

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Economy
12:12 pm
Fri February 1, 2013

Can A Housing Comeback Save Lagging Job Numbers?

The winter may not be over, but economists are looking to spring for good news when it comes to jobs. Host Michel Martin speaks with NPR Senior Business Editor Marilyn Geewax about whether a strengthening housing market could boost stalling jobs numbers.

Business
10:57 am
Fri February 1, 2013

Jobs Still Lag, But Homebuilding May Soon Help

A new home under construction in Pepper Pike, Ohio. This spring's jobs data could look much brighter if housing heats up.
Tony Dejak AP

Originally published on Sat February 2, 2013 4:43 pm

Here in the depths of winter, U.S. economic numbers aren't looking so hot. This week, new reports showed growth started to freeze up last fall, and the unemployment rate rose a bit in January, to 7.9 percent.

But most economists say you shouldn't let those cold facts fool you: This spring's data could look much brighter if the housing market continues to heat up.

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The Salt
10:10 am
Fri February 1, 2013

A Quest For Real Beer, Without The Gluten

More and more gluten-free beers are entering the marketplace. We asked a librarian with celiac disease for her list of favorites.
Bill Chappell NPR

Originally published on Fri February 1, 2013 1:39 pm

Anyone who gives up gluten, either by choice or medical necessity, will inevitably feel a twinge of regret bidding adieu to bread, pasta or pastries. But for some, the greatest hardship may be saying no to beer — especially at times like Super Bowl Sunday, when having a cold one in hand is part of many people's game day tradition.

So it's no small thing that a growing number of brewers are offering gluten-free beers that are both tasty and satisfying.

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Planet Money
10:08 am
Fri February 1, 2013

Losses Are Actually Gains, And Other Weird Facts From The Jobs Report

bgottsab Flickr

Originally published on Fri February 1, 2013 1:25 pm

What's today's big jobs report say?

The U.S. economy lost 2.8 million jobs jobs in January.

What?!

Don't panic. The U.S. economy loses millions of jobs every January, in good times and bad, largely because tons of seasonal holiday jobs always wind down after Christmas.

So if you set aside the normal, seasonal stuff, how is the job market doing?

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The Two-Way
8:29 am
Fri February 1, 2013

Coming Up: January Jobs Report

Job seekers came to the ThistleDown Racino and Horseshoe Casino in Warrensvile Hts., Ohio, last month.
Chuck Crow The Plain Dealer /Landov

Originally published on Fri February 1, 2013 10:47 am

(We updated the top of this post at 10:15 a.m. ET.)

The U.S. economy produced several hundred thousand more jobs than previously thought in 2011 and 2012 even as the nation's jobless rate remained stuck at a relatively high level, new data from the Bureau of Labor Statistics show.

While BLS said the unemployment rate ticked up to 7.9 percent in January from 7.8 percent the month before, it also reported that:

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Economy
6:28 am
Fri February 1, 2013

Latest Jobless Rate Forecast To Hold Steady

Originally published on Fri February 1, 2013 1:09 pm

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne. More signs today of a slow, slow economic recovery. The Labor Department reports the economy added 157,000 new jobs last month. The unemployment rate ticked up slightly, to 7.9 percent. To tell us what's behind these numbers, we're joined by NPR business correspondent Yuki Noguchi, and also our White House correspondent, Scott Horsley. Good morning to both of you.

YUKI NOGUCHI, BYLINE: Good morning.

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Business
6:09 am
Fri February 1, 2013

Justice Department Moves To Block Beer Merger

Originally published on Fri February 8, 2013 10:38 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with fears of a beer monopoly.

(SOUNDBITE OF MUSIC)

MONTAGNE: The Justice Department has filed a lawsuit to block Anheuser-Busch InBev from buying Grupo Modelo, the brewer of Corona.

As NPR's Ailsa Chang reports, the government says preventing the acquisition is the only way to keep beer prices down.

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