business

The Two-Way
3:35 pm
Wed July 11, 2012

'Wall Street Journal': Seven Years After Burst Bubble, 'The Housing Bust Is Over'

A moving truck is shown at a house that was sold in Palo Alto, Calif. on Tuesday.
Paul Sakuma AP

The Wall Street Journal is calling it without any couching. The headline:

'The U.S. Housing Bust Is Over'

The lede:

"The housing market has turned—at last.

"The U.S. finally has moved beyond attention-grabbing predictions from housing 'experts' that housing is bottoming. The numbers are now convincing.

Read more
The Two-Way
8:36 am
Wed July 11, 2012

JPMorgan Will Move To 'Claw Back' Millions From Execs Who Bungled Billions

Another kind of claws at work. Meanwhile, JPMorgan is going to see if legal steps will let it "clawback" some money paid to executives.
John MacDougall AFP/Getty Images

Originally published on Wed July 11, 2012 9:20 am

JPMorgan Chase CEO Jamie Dimon predicted this would happen: The bank "plans to reclaim millions of dollars in stock from executives at the center of the trading blunder that shocked Wall Street," The Wall Street Journal reports

Read more
Economy
2:22 am
Wed July 11, 2012

Euro Currency Still Faring Well, For Now

Over the last 13 years, the euro has been worth on average $1.21, only a penny less than its current price of $1.22 per euro.
Michael Probst AP

Originally published on Wed July 11, 2012 11:42 am

The euro touched a two-year low against the dollar Tuesday, as concerns about the eurozone debt crisis continued.

Despite a recession across much of the eurozone and even predictions of the currency's demise, however, the euro has held up relatively well during this crisis.

Over the last 13 year, it has taken on average $1.21 to buy a euro. Now, even in this midst of this crisis, it's worth virtually the same ($1.22).

Read more
Parenting
11:42 am
Tue July 10, 2012

Mom Entrepreneurs On Deadlines, Budgets, And Kids

Transcript

MARIA HINOJOSA, HOST:

I'm Maria Hinojosa, and this is TELL ME MORE, from NPR News. Michel Martin is away. They say it takes a village to raise a child, but maybe you just need a few moms in your corner when you decide you want to build that small business you've been thinking about. Every week, we check in with a diverse group of parents for their common sense and savvy advice. And today, we want to talk about a growing trend among moms: entrepreneurship.

Read more
Economy
11:27 am
Tue July 10, 2012

Out-Of-Work Teens Struggle Later

Originally published on Tue July 10, 2012 11:42 am

Transcript

MARIA HINOJOSA, HOST:

I'm Maria Hinojosa, and this is TELL ME MORE, from NPR News. Michel Martin is away. Coming up, murders in Chicago are on the rise. We'll ask why and what's being done about it. That's in a few minutes.

But, first, to matters of personal finance. Remember pulling yourself up by your own bootstraps? Well, economic mobility is getting tougher in this country, especially for the poorest people in our society. That's according to a new Pew Research report released on Monday.

Read more
Business & Technology
12:33 pm
Mon July 9, 2012

Covington-based Smoothie King chain sold

Covington-based Smoothie King Franchises Inc. is being sold to a South Korean company.

Smoothie King currently has more than 600 units operating in 32 states, the Caymans and the Republic of Korea.

The purchase price was not disclosed in a news release on Monday.

Buyer SK USA Inc. is headed by Chief Executive Officer Wan Kim, a Boston University graduate who opened his first Smoothie King in 2003. Since then Wan's Smoothies Korea has opened more than 100 locations.

Business & Technology
11:53 am
Mon July 9, 2012

Oil rises slightly to near $85 on stimulus hopes

SINGAPORE (AP) — Oil rose slightly to near $85 a barrel today, clawing back some of a large drop from the previous session amid hope that weak U.S. economic growth may trigger new stimulus measures.

The Labor Department on Friday said the U.S. economy added 80,000 jobs last month, which was fewer than expected and prompted speculation that the U.S. Federal Reserve may implement more monetary stimulus measures known as quantitative easing.

Last week, the European Central Bank and the People's Bank of China both cut lending rates in the bid to boost flagging economic growth.

Economy
10:23 am
Mon July 9, 2012

No June Gloom For American Auto Sales

Originally published on Mon July 9, 2012 11:04 am

Recovery has been creeping at a slow pace for much of the American economy, but sales by US auto makers have revved up. Chrysler and General Motors both saw double digit growth in June, and Ford wasn't too far behind. Guest host Maria Hinojosa and NPR's Sonari Glinton talk about what's driving the rise.

Business & Technology
1:37 pm
Sun July 8, 2012

Distillery hopes to start making rum by fall

LACASSINE, La. — Construction of a $5 million rum distillery in Jefferson Davis Parish continues, with production expected to start this fall.

Trey Litel, president of Louisiana Spirits, tells the American Press (http://bit.ly/OjaSjJ) that some of his company's rum is expected to be available by year's end.

Litel brings 25 years of sales and marketing expertise, including over 10 years with Bacardi USA, to the job.

Read more
Hammond Economy
11:20 am
Fri July 6, 2012

Hammond's Economy on 17-Month Roll

The city of Hammond's economy is on a 17-month roll. Sales tax receipts are up 7 percent compared to the first half of 2011. Mayor Mayson Foster says the numbers indicate not only a strong economy in Tangipahoa Parish, but also that people are staying in Hammond to make their purchases rather than going elsewhere.

Pages