business

Asia
6:22 am
Sun July 15, 2012

Slowed Growth Reflects China's Uphill Battle

Originally published on Sun July 15, 2012 10:11 am

No country has enjoyed more spectacular growth in recent decades than China. But the economy that will one day replace America's as the world's largest also faces a lot of challenges. Guest host David Greene talks to NPR's Frank Langfitt, who was a reporter in China in the '90s and returned to Shanghai for NPR last year.

Theater
5:30 am
Sun July 15, 2012

Seattle's Intiman Theater Returns For A Shrunken Second Act

Miracle!, a drag version of the Helen Keller drama The Miracle Worker created and directed by Dan Savage, is a highlight of the Intiman Theater's comeback summer festival in Seattle.
Chris Bennion Intiman Theater

Originally published on Sun July 15, 2012 10:11 am

Forty years ago, the founders of Seattle's Intiman Theater envisioned a company devoted to Western classics: Shakespeare, Chekhov, Ibsen and the like. But over the decades, Intiman also earned national recognition as an incubator of new work.

In 1991, it premiered The Kentucky Cycle, which went on to win a Pulitzer Prize. A decade later, it produced the first workshops of the Tony Award-winning musical The Light in the Piazza.

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Business
6:54 am
Sat July 14, 2012

$6B Deal Eases Credit Card Surcharge Restrictions

Originally published on Mon July 16, 2012 3:54 pm

Transcript

SCOTT SIMON, HOST:

Visa, MasterCard, some of the nation's other largest banks have agreed to a multibillion dollar settlement of a class action suit involving credit card transaction fees. Now, those are what merchants pay when you use plastic instead of cash. Retailers allege that the two largest payment networks conspired with the banks to keep so-called swipe fees high. NPR's Wendy Kaufman reports.

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NPR Story
6:49 am
Sat July 14, 2012

Toil And Trouble: Eurozone Pot Continues To Boil

Originally published on Mon July 16, 2012 3:54 pm

Transcript

SCOTT SIMON, HOST:

This is WEEKEND EDITION from NPR News. I'm Scott Simon.

There's more gloomy news from the eurozone this week. Italy saw its sovereign debt rating lowered by one agency, at just a couple of notches above junk status. In Spain, civil servants, coalminers, and others took to the streets once again to protest more spending cuts and tax hikes. And Germany's highest court heard arguments challenging the constitutionality of two measures considered central to efforts to try to contain the euro crisis.

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Jobless Claims
7:44 pm
Fri July 13, 2012

Claims rise for unemployment benefits

First-time claims for unemployment insurance benefits in Louisiana for the week ending July 7 increased from the previous week's total.

State labor department figures released Friday show initial claims rose to 3,960 from the previous week's total of 3,456. The figure was lower than it was for the comparable week a year earlier, when there were 4,053 initial claims.

The four-week moving average, which is a less volatile measure of claims, decreased to 3,714 from the previous week's total of 3,792.

The Two-Way
5:00 pm
Fri July 13, 2012

Visa, MasterCard Come To More Than $6 Billion Settlement With Retailers

Originally published on Fri July 13, 2012 8:31 pm

Visa and Mastercard have announced that they will pay retailers more than $6 billion to settle several class-action and individual lawsuits retailers have filed since 2005.

According to a Wall Street Journal story from earlier this month, the settlement stems from complaints that Visa and MasterCard, the largest card-payments networks in the world, prohibited retailers from imposing surcharges to customers using those credit cards.

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Business
4:52 pm
Fri July 13, 2012

Documents Lift Veil On Bank-Rate-Rigging Scandal

Police wait for protesters to appear at a branch of Barclays Bank in London on July 4.
Olivia Harris Reuters/Landov

Originally published on Fri July 13, 2012 9:24 pm

As the financial crisis began to unfold in 2007, the New York Federal Reserve learned that some banks might have intentionally underestimated the rates they expected to pay for loans from other banks.

Documents the New York Fed released Friday, in response to a request from Congress, show that the banking regulator began to be concerned about the accuracy of LIBOR β€” or the London Interbank Offered Rate β€” late in 2007.

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Planet Money
4:48 pm
Fri July 13, 2012

What's It Mean That Romney Was CEO, Anyway?

Evan Vucci AP

Originally published on Mon July 16, 2012 8:47 am

Mitt Romney faces new scrutiny over his time at the helm of Bain Capital, the private equity shop he ran from 1984 until β€” well, that's exactly the question.

The political fight of the moment is just when Romney stopped running Bain Capital, which specialized in buying troubled companies and turning them around.

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The Salt
12:46 pm
Fri July 13, 2012

An Olympic-Sized Outrage Grows Over French Fry Sales At The Games

McDonald's and the American flag β€” ruling the London Olympics?
Keoni Cabral Flickr.com

Originally published on Fri July 13, 2012 9:24 pm

When McDonald's cut a deal to make itself the exclusive purveyor of french fries and the similar (but please don't say matching) chips at the 2012 Olympic Games in London later this month, it may not have anticipated the flurry of responses. Foodies raged, nutritionists nagged, and many called it another example of an American cultural takeover.

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Day Care Wages
12:12 pm
Fri July 13, 2012

Labor: Louisiana day cares violating wage laws

The U.S. Department of Labor says more north Louisiana child care businesses are paying workers a legal wage after a crackdown by the Wage and Hour Division. But it says a majority of such businesses in Bossier, Caddo, East Carroll, Lincoln and Ouachita parishes are still breaking the law.

A news release Thursday said 57 percent of the employers investigated this year were violating minimum-wage, overtime or record-keeping provisions of the Fair Labor Standards Act β€” compared to 81 percent last year.

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