NPR Business

Business
6:03 am
Fri October 19, 2012

A Check On U.S. Banks

Originally published on Tue October 23, 2012 1:03 pm

Transcript

DAVID GREENE, HOST:

It was four years ago - almost to the day - that American taxpayers bailed out America's big banks, as the nation faced its worst financial crisis in decades. In the past several days, we've been given a look at how the banks are doing - their latest quarterly profit reports.

And to talk about that, we turn, as we often do, to David Wessel. He's economics editor of The Wall Street Journal.

Morning, David.

DAVID WESSEL: Good morning.

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Business
6:03 am
Fri October 19, 2012

Google's Earnings Released Prematurely, Stock Drops

Originally published on Tue October 23, 2012 1:03 pm

Transcript

DAVID GREENE, HOST:

Yesterday was the kind of day executives at Google would probably like to delete. Trading of the Internet giant's shares was temporarily halted after the company's earnings were released accidently and prematurely. What's worse, the numbers were not anything Google would want to show off. The earnings reports showed profits last quarter fell by more than 20 percent. Here's NPR's Steve Henn.

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Business
6:03 am
Fri October 19, 2012

Starbucks Says It Complies With U.K. Tax Laws

Originally published on Tue October 23, 2012 1:03 pm

Transcript

RENEE MONTAGNE, HOST:

And in Britain this week, eyebrows were raised with the revelation that Starbucks has paid almost no corporate tax on its operations in the UK. Starbucks insists it's done nothing wrong.

Vicki Barker reports from London.

(SOUNDBITE OF STARBUCKS AD)

UNIDENTIFIED MAN: That's why at Starbucks we've decided to do things differently.

VICKI BARKER, BYLINE: Since that green mermaid logo first washed up on these shores in 1998, Starbucks-UK has racked up more than four and a half billion dollars in sales, here.

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Business
6:03 am
Fri October 19, 2012

Business News

Originally published on Tue October 23, 2012 1:03 pm

Transcript

DAVID GREENE, HOST:

A deal in the eurozone begins NPR's business news today.

(SOUNDBITE OF MUSIC)

GREENE: At a summit in Brussels, the European Union agreed today to create a single overseer for its 6,000-plus banks. The move is seen as an important step in preventing future financial meltdowns. The European Bank will lead these efforts and the new overseer will have the power to intervene in any bank in the 17 eurozone countries.

Business
4:59 am
Fri October 19, 2012

Investors' Funds Are Recovering, But Not Their Nerves

Originally published on Fri October 19, 2012 10:14 am

Chicken Little was running wild 25 years ago today. But one could hardly blame the poultry for panicking.

On Oct. 19, 1987, the stock market plunged a record-setting 23 percent. The next day, the New York Daily News' front page screamed "Panic!" and a New York Times headline asked: "Does 1987 equal 1929?"

Turns out, the 1987 plunge was a mere stutter step. The Dow Jones industrial average, which closed at 1,739 that day, quickly bounced back. Within a decade, the stock-price average had nearly quintupled.

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Planet Money
2:53 am
Fri October 19, 2012

The Candidate Is Fake; The Consultants Are Real

One consultant's vision for our political ad: "I see a horse."
iStockphoto.com

Originally published on Wed October 24, 2012 12:31 pm

When our series began yesterday, we brought together five economists from across the political spectrum and had them create a platform for their dream presidential candidate. It's a platform — Get rid of a tax deduction for homeowners!

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Around the Nation
5:35 pm
Thu October 18, 2012

To Shrink Rents, S.F. Considers Shrinking Apartments

The development firm Panoramic Interests is building about two dozen "micro-apartments" in San Francisco. The company is poised to offer even smaller units if the city approves a proposed new minimum size of 220 square feet.
Artist's Rendering of Smartspace Unit Courtesy of Panoramic Interests

Originally published on Thu October 18, 2012 8:32 pm

In many large cities, like Dallas, Phoenix and even parts of Chicago, $800 a month is enough for a clean one-bedroom apartment, decked out with a living room, washer and dryer — and maybe even a pool, in a larger complex.

But if you want to live alone in San Francisco, getting those amenities at that price is practically a pipe dream. With the region's resurgent high-tech industries luring many well-educated, well-paid workers to the Bay Area, the average rent for a studio apartment in the city now runs around $2,000.

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Media
4:59 pm
Thu October 18, 2012

After 80 Years In Print, 'Newsweek' To Go All Digital

Tina Brown, editor-in-chief of Newsweek, announced Thursday that the 80-year-old newsmagazine will publish its final print edition on Dec. 31 and shift to an all-digital format in early 2013.
John Moore Getty Images

Originally published on Thu October 18, 2012 8:00 pm

Newsweek editor Tina Brown announced Thursday she would embrace a fully digital future as she revealed that the magazine's final print edition would be published at the end of the year.

Her announcement was a bow to gravity, as her unique blend of buzz and brio proved incapable of counteracting Newsweek's plummeting circulation and advertising amid an accelerating news cycle. Brown said there would be an unspecified number of layoffs as well.

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Business
4:40 pm
Thu October 18, 2012

Premature Press Release Makes Google Shares Plunge

Originally published on Thu October 18, 2012 8:00 pm

Transcript

MELISSA BLOCK, HOST:

Google's high-flying stock hit some turbulence today. Its shares were down as much as 10 percent before trading was temporarily halted. The drop came after the company's quarterly earnings report was released prematurely, a report that showed Google struggling in the third quarter. NPR's Steve Henn reports.

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The Two-Way
2:09 pm
Thu October 18, 2012

Google's Stock Drops After Premature Release; 'PendingLarry' Goes Viral

Google CEO Larry Page. What's he going to say now?
Emmanuel Dunand AFP/Getty Images

Originally published on Thu October 18, 2012 3:05 pm

Oops.

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