Business & Technology

Economy
7:00 am
Sat December 3, 2011

Eurozone's Rescue Plan Needs A Quick Fix

Originally published on Sat December 3, 2011 2:31 pm

Transcript

SCOTT SIMON, HOST:

This is WEEKEND EDITION from NPR News. I'm Scott Simon. European leaders meet in Brussels next week with an urgent mission: agree on a plan that to keep debt-ridden countries like Greece and Spain from default and save the euro. A plan is emerging now in broad outline - this and coordinated action by central banks around the world - boosted investor confidence. NPR's Eric Westervelt reports.

Read more
Economy
7:00 am
Sat December 3, 2011

Complicity In Crisis: Can We Trust Ratings Agencies?

The current world economic crisis has raised hard questions about the assessments made by the big three ratings firms, S&P, Moody's and Fitch. It's also brought charges that they not only missed the onset of financial crisis, but helped fuel it with faulty judgments. Host Scott Simon talks with Roben Farzad, a senior writer for Bloomberg-Businessweek.

Economy
6:08 am
Sat December 3, 2011

Behind Unemployment Figure, A Nuanced Outlook

NPR

The U.S. unemployment rate took a big tumble in November, from 9 percent to 8.6 percent, according to the government's monthly jobs data. Still, it's probably too soon pop the champagne corks. A combination of forces caused the big drop, some good and some bad.

Getting a big fall in the unemployment rate is always good news in the White House, but President Obama was careful not to gloat at an appearance Friday in Washington.

"This morning we learned that our economy added another 140,000 private sector jobs in November. The unemployment rate went down," he said.

Read more
Business
4:37 pm
Fri December 2, 2011

Sears Considers Leaving Illinois For Better Tax Deal

Sears Holding Corp., parent company to Sears and Kmart, is considering a move from its corporate headquarters after a tax incentive package failed to pass the state House of Representatives. More than 6,000 employees work at the Hoffman Estates, Ill., campus.
Scott Olson Getty Images

Originally published on Fri December 2, 2011 6:00 pm

Thousands of jobs are on the line in a competition between states over the corporate headquarters of Sears. Several states are offering tax incentive packages to try to lure the company away from Illinois, including one bid from Ohio that's worth up to $400 million.

The Sears Holding Corp., parent company to Sears and Kmart, says it is seriously considering the offer after Illinois lawmakers failed this week to approve a package of tax incentives aimed at keeping Sears and another corporate giant from leaving.

Read more
Asia
1:57 pm
Fri December 2, 2011

World Starts To Worry As Chinese Economy Hiccups

Originally published on Fri December 2, 2011 5:55 pm

Not long ago, economists and others expressed concerns that China's economy was expanding too quickly. Now, the latest data are raising concerns about a slowdown — and the woes it could trigger.

With a sluggish U.S. economy and troubles in the eurozone, Chinese exports are taking a hit, causing a slowdown on shop floors in Shanghai and Shenzhen. Earlier this week, the Chinese Purchasing Managers' Index, or PMI, fell to its lowest level in nearly three years.

Read more
The Two-Way
12:41 pm
Fri December 2, 2011

Online Gaming Company Zynga Says Target Valuation Is Around $7 Billion

As we've noted before, 2011 has been a great year for Internet companies seeking to go public. Today, Zynga said it hoped to price its shares at $8 to $10 per share during its initial public offering later this month. Depending on whose math you trust, that means the company will try to raise about $1 billion and the debut could value the company at $7 billion. (Some news outlets are putting that number as high as $9 billion.)

What is Zynga you ask? They're the makers of social games like Farmville and Cityville.

Read more
Economy
12:01 pm
Fri December 2, 2011

Jobless Dip May Overstate Economic Improvement

NPR

The unemployment rate dropped unexpectedly to 8.6 percent in November, in part because hundreds of thousands of Americans stopped looking for work. But analysts said the modest increase of 120,000 jobs created last month points to an economy that's generally still limping.

Read more
The Two-Way
11:50 am
Fri December 2, 2011

Samsung, HTC And Carrier IQ Face Suit Over Logging Software

Originally published on Fri December 2, 2011 12:02 pm

The first lawsuit has been filed against Samsung, HTC and Carrier IQ over software installed on millions of phones that can capture a wide range of data including key strokes.

Read more
The Two-Way
7:34 am
Fri December 2, 2011

Unemployment Rate Drops To 8.6 Percent; 120,000 Jobs Added

A job fair in San Francisco last month.
Justin Sullivan Getty Images

Originally published on Fri December 2, 2011 10:46 am

The nation's unemployment rate fell to 8.6 percent in November from 9 percent in October as payrolls went up by 120,000 jobs, the Bureau of Labor Statistics says.

Read more
The Evolution Of A Startup
11:01 pm
Wed November 30, 2011

Setbacks And Surprises Part Of The Deal For A Startup

Bluebox Now CEO Naresh Dhiman attends a TechStars retreat with other startup founders at a cabin outside Seattle. His wife is considering getting a job so he can continue to focus on the company.
Courtesy TechStars

Originally published on Tue December 6, 2011 7:21 am

Launching a new company is never easy. But in the beginning, the founders of Web-based marketing firm Bluebox Now felt they were on track. The Seattle startup lined up a large paying customer, had a lot of other great leads and was reasonably confident it would get a sizable amount of outside funding. A lot has happened since then.

Read more

Pages