NPR Business

Crisis In The Housing Market
3:01 am
Tue October 16, 2012

Renters No More: Newbies Lured To Homeownership

Kitsy Roberts and Janko Williams have traded a rent payment for a mortgage. The Seattle couple is planning to put a lot of sweat equity into their fixer-upper.
Wendy Kaufman NPR

Originally published on Tue October 16, 2012 10:45 am

In many American communities, buying a home is now less expensive than renting. And with the economics tilting in favor of homeownership, many first-time buyers are jumping into the market.

After eight years of renting, Kitsy Roberts and her husband, Janko Williams, are practically giddy about their new Seattle home. And like proud parents, they are eager to show it off, from its historic details to its fresh paint.

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Business
5:07 pm
Mon October 15, 2012

Red Bull's Brand As Powerful As Its Beverage

Originally published on Mon October 15, 2012 10:10 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

Yesterday millions of people watched a man free fall from 24 miles above earth, breaking the sound barrier, and then watched as Felix Baumgartner glided down into the New Mexico desert.

UNIDENTIFIED MAN #1: Here he's coming. And there you can see by the approaching shadow, he's just about there. (Unintelligible) the world record holder.

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Business
5:05 pm
Mon October 15, 2012

Sprint Born From Railroad, Telephone Businesses

Originally published on Mon October 15, 2012 6:46 pm

Melissa Block explores the long family history of the companies that comprise what became Sprint. It all began in Kansas in the late 19th century and came to include a long distance system created by the Southern Pacific Railroad Internal Network Telecommunications, or SPRINT.

Business
5:05 pm
Mon October 15, 2012

Softbank Buys $20 Billion Stake In Sprint-Nextel

Originally published on Mon October 15, 2012 6:46 pm

Japan's Softbank has announced it will spend $20 billion to take a majority stake in Sprint-Nextel. The deal will provide Sprint, the third largest carrier in the U.S. market, with some much needed cash. It also gives Softbank the opening it's been looking for to break into the U.S. market.

Business
5:02 am
Mon October 15, 2012

Survey: Economy To Grow But Not Add A Lot Of Jobs

Originally published on Mon October 15, 2012 7:59 am

The U.S. economy will continue to grow throughout the rest of the year and in 2013, but at a tepid rate that fails to lower unemployment, according to a new survey of business economists. The forecast, from the National Association of Business Economists, also expects consumer spending to weaken.

Business
4:52 am
Mon October 15, 2012

Softbank To Buy Majority Of Sprint Nextel

Originally published on Mon October 15, 2012 7:59 am

Japanese mobile phone company Softbank has announced it has agreed to buy 70 percent of Sprint Nextel for $20 billion. The deal would make Sprint Nextel a tougher competitor against its bigger rivals, Verizon Wireless and AT&T.

Business
4:51 am
Mon October 15, 2012

The Last Word In Business

Originally published on Mon October 15, 2012 7:59 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business today, is supersonic.

A space jump and the brand behind it mesmerized viewers yesterday.

STEVE INSKEEP, HOST:

Felix Baumgartner wanted to jump from 24 miles up and travel faster than the speed of sound in freefall, which would be a first. From mission control, they went through a checklist.

UNIDENTIFIED MAN: Item 31. Your shoot integrity is checked and your parachutes are not deployed.

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Business
4:51 am
Mon October 15, 2012

2 Americans Win Nobel Economics Prize

Originally published on Mon October 15, 2012 7:59 am

Transcript

STEVE INSKEEP, HOST:

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

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

Two Americans have been awarded this year's Nobel Prize for Economics for work that has to do with matching in business, medicine and marriage. The two, whose work turned out to be a good match, are Alvin Roth of Harvard and Lloyd Shapely of the University of California, Los Angeles. They will share the $1.2 million prize.

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World
5:31 pm
Fri October 12, 2012

Do Chinese Tech Firms Pose U.S. Security Threat?

Staff and visitors walk past the lobby at the Huawei office in Wuhan, China. Beijing has urged Washington to "set aside prejudices" after a draft congressional report said Chinese telecom firms Huawei and ZTE were security threats that should be banned from business in the U.S.
AFP/Getty Images

Originally published on Fri October 12, 2012 5:59 pm

Over the past decade, Chinese companies have become major players in the global telecommunications market. This week the House Intelligence Committee issued a report that could interrupt that growth. The committee warned American companies not to do business with two of China's main telecom manufacturers, saying they posed a security threat.

Huawei Technologies is the miracle story of the Chinese high-tech industry, says telecommunications consultant Roger Entner.

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Planet Money
3:18 pm
Fri October 12, 2012

Remember The 14-Year-Old Who Bought A House? She Just Bought Another One

This is Willow's new house.
Shannon Moore

Originally published on Thu October 18, 2012 12:20 pm

Willow Tufano became a homeowner earlier this year. This was newsworthy because Willow was 14 years old. She raised money to buy the house by selling stuff on Craigslist.

I spoke to Willow again last week and got an update. She's 15 now, and her life over the past few months was sort of surreal. She got caught up in two dramas: America's housing market and America's media circus.

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