NPR Business

Business
6:58 am
Mon November 19, 2012

Visa Card Worth Its Weight In Gold

Originally published on Tue November 20, 2012 10:38 am

Transcript

RENEE MONTAGNE, HOST:

Good morning. I'm Renee Montagne with a credit card that's worth its weight in gold. For those who want to buy bling with bling, a bank in Kazakhstan plans to offer a Visa card made of gold, plus a couple of dozen diamonds and mother of pearl. It will require $100,000 upfront and an annual fee of $2,000, but there are no late fees and you get a free iPhone. It won't be the first bejeweled card, just the first made of pure gold. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.

Business
4:49 am
Mon November 19, 2012

Business News

Originally published on Tue November 20, 2012 10:38 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with credit card debt rising.

(SOUNDBITE OF MUSIC)

MONTAGNE: Americans are running up more debt on their credit cards, and that could be a good sign. The average American had almost $5,000 of credit card debt in the third quarter of 2012, up almost 5 percent over the previous quarter.

Business
4:49 am
Mon November 19, 2012

Hostess Brands To Begin Selling Its Assets

Originally published on Tue November 20, 2012 10:38 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business: Twinkie rush.

Hostess Brands today begins the process of selling off its assets in a bankruptcy court in New York. That process has struck fear in the hearts of lovers of the sugary-sweet Hostess products, like Twinkies, Ding Dongs and Ho Hos. Sensing a Twinkie panic and a possible shortage, over the weekend some entrepreneurs took to eBay, offering up many Hostess brands at some very exorbitant prices.

LINDA WERTHEIMER, HOST:

Read more
Law
4:49 am
Mon November 19, 2012

BP Legal Troubles Persist Over Gulf Spill

Originally published on Tue November 20, 2012 10:38 am

Transcript

LINDA WERTHEIMER, HOST:

This is MORNING EDITION from NPR News. I'm Linda Wertheimer.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

Read more
Business
3:27 am
Mon November 19, 2012

The Past And Future Of America's Biggest Retailers

This is among the first Target stores. The company now operates 1,782 stores across the United States.
Courtesy of Target

Originally published on Tue November 20, 2012 10:38 am

It's an anniversary that most Americans can celebrate — the birthday of the big-box store. Discount shopping as we know it began 50 years ago. In 1962, enterprising retailers invented Wal-Mart, Target and Kmart.

Read more
It's All Politics
3:25 am
Mon November 19, 2012

In Fiscal Cliff Talks, Higher Taxes Vs. Closing Loopholes

President Obama, accompanied by House Speaker John Boehner of Ohio, speaks to reporters at the White House on Friday during a meeting to discuss the fiscal cliff.
Carolyn Kaster AP

Originally published on Tue November 20, 2012 10:38 am

The White House and Congress continue to work on a deal that avoids the fiscal cliff and cuts deficits in the long run. One of the biggest hurdles is President Obama's proposal to raise tax rates for the wealthy.

Republicans think a better course would be to raise revenue by closing loopholes and limiting deductions for high-income people. The question is, could that method raise enough money.

Read more
Business
5:50 am
Sun November 18, 2012

Tesla Revived The Electric Car, But Can It Sell It?

Tesla workers cheer on the first Tesla Model S cars sold during a rally at the Tesla factory in Fremont, Calif., in June.
Paul Sakuma AP

Originally published on Sun November 18, 2012 2:13 pm

The American auto industry has a new darling, but it doesn't come from the Big Three or even Motor City. Instead, it comes from the West Coast — Silicon Valley, to be precise.

Read more
The Salt
5:06 pm
Fri November 16, 2012

EPA Says Its Ethanol Rules Aren't Driving Up Food Prices

A sign on the pump advertises the ethanol content of the gasoline as a motorist reaches for the gas pump in his truck at a filling station in Bellmead, Texas.
LM Otero AP

Originally published on Sun November 18, 2012 3:47 pm

The ethanol industry is happy with the Environmental Protection Agency today. If you're worried about the price of meat, though, you may not be so pleased.

Read more
Business
4:42 pm
Fri November 16, 2012

Hostess To Sell Off Its Brands After 82 Years

Originally published on Fri November 16, 2012 8:07 pm

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish. The Twinkie, the snack cake with incredible staying power on the shelf and in the marketplace, may have reached its expiration date. Hostess Brands says it is liquidating, going out of business after 82 years. The company wants to sell off all of its brands. The decision comes one week after a strike.

Read more
The Two-Way
1:25 pm
Fri November 16, 2012

FHA Announces Moves Designed To Avoid Taxpayer Bailout

HUD Secretary Shaun Donovan in May of 2012.
Win McNamee Getty Images

Originally published on Fri November 16, 2012 2:40 pm

The Federal Housing Administration is on track to run out of money next September and may need a taxpayer bailout, an audit released today found.

Responding to the audit, however, the Obama administration announced a series of measures that they hope will raise enough revenue to keep the agency from seeking government help.

The Wall Street Journal explains:

Read more

Pages