Business and Economy

NPR Ed
2:24 am
Thu August 7, 2014

Rich Kid, Poor Kid: For 30 Years, Baltimore Study Tracked Who Gets Ahead

A rooftop view of East Baltimore, 1979.
Elinor Cahn Courtesy of Elinor Cahn Photographs, The Photography Collections, University of Maryland, Baltimore County

Originally published on Sun August 10, 2014 5:21 pm

Education is historically considered to be the thing that levels the playing field, capable of lifting up the less advantaged and improving their chances for success.

"Play by the rules, work hard, apply yourself and do well in school, and that will open doors for you," is how Karl Alexander, a Johns Hopkins University sociologist, puts it.

But a study published in June suggests that the things that really make the difference — between prison and college, success and failure, sometimes even life and death — are money and family.

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Business and Economy
11:00 pm
Wed August 6, 2014

Oklahoma Homebuilders Seek Limited Registration Process

Oklahoma State Representative Mark McBride R-53
Credit Oklahoma House of Representatives

Oklahoma homebuilders and other industry professionals came together Wednesday morning to ask legislators to establish some type registration process for homebuilders in the state in what they are calling a “good consumer protection” measure.

Rep. Mark McBride, a home builder and Republican from Moore, said he brought up Interim Study H14-11 before the House Economic Development and Financial Services committee in the hopes of addressing the concerns seen in the Moore area and rural areas with home builders providing shoddy workmanship.

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Business and Economy
10:00 pm
Wed August 6, 2014

Oklahoma Treasurer: July Revenue The Highest Ever

Oklahoma Treasurer Ken Miller
Credit Joe Wertz / StateImpact Oklahoma

Oklahoma Treasurer Ken Miller says revenue to the state treasury in July was higher than any July in state history.

Miller said Wednesday the state economy's healthy performance last month pushed 12-month collections further into record territory.

Growth in monthly collections from personal income and corporate income taxes was especially good, accounting for more than 50 percent of the increase in July.

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The Two-Way
6:48 pm
Wed August 6, 2014

Bank Of America 'Close' To Settlement With Justice Department

Bank of America would pay more than $16 billion in a settlement that it's close to finalizing with the Justice Department.
Spencer Platt Getty Images

Bank of America and the Justice department are "close" to finalizing a settlement of $16 billion to $17 billion over allegations of mortgage-related abuses.

The Wall Street Journal first reported on the outlines of a deal, which was then confirmed to NPR by a source familiar with the talks.

A final announcement may come next week or later, NPR's Jim Zarroli reports for our Newscast Desk.

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The Two-Way
3:34 pm
Wed August 6, 2014

Donald Trump Sues To Remove His Name From Atlantic City Casinos

The Trump Plaza Hotel and Casino in Atlantic City is planning to close its doors on Sept. 16.
Mel Evans AP

Originally published on Wed August 6, 2014 5:02 pm

Donald Trump once promoted Atlantic City's casino and entertainment business. He no longer wants his name associated with it.

The real estate baron has sued to have his name taken off two casinos, the Trump Plaza and the Trump Taj Mahal.

"I want it off both of them," Trump told the Associated Press. "I've been away from Atlantic City for many years. People think we operate [the company], and we don't. It's not us. It's not me."

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Economy
3:04 pm
Wed August 6, 2014

Construction Industry Missing Key Tool: Skilled Workers

After laying off roughly 2 million workers during the recession, the construction industry may not have enough crews to keep up with demand for building projects.
Brennan Linsley AP

Originally published on Wed August 6, 2014 6:56 pm

It's a beautiful day and Jeremy Smith, the business manager for a school district in northern Wyoming, is showing off the new Tongue River Elementary School — or at least the plot of land where the school should be.

"What you're going to see when you get up here a little bit closer is you are going to just see pasture," Smith says.

The school was supposed to be under construction by now, but last month state officials said they didn't have the money.

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Africa
3:04 pm
Wed August 6, 2014

How Anti-Bribery Laws In Europe Are Bringing U.S. Investors To Africa

Originally published on Wed August 6, 2014 6:29 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Business
3:04 pm
Wed August 6, 2014

Who's The Boss? Labor Board Says It's McDonald's, As Much As Franchisee

Originally published on Wed August 6, 2014 6:29 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

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Africa
3:04 pm
Wed August 6, 2014

The Obstacles And Opportunities Of Nigeria's Exploding Economy

Originally published on Wed August 6, 2014 6:29 pm

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Transcript

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The Two-Way
2:29 pm
Wed August 6, 2014

Walgreens Drops Plan To Move Headquarters — And Profits — Overseas

Last month, demonstrators protested the possibility of Walgreens moving its corporate headquarters overseas at a Chicago location of the pharmacy.
Scott Olson Getty Images

Originally published on Wed August 6, 2014 5:46 pm

Walgreens Co. will complete its merger with Alliance Boots, a British pharmacy, but it will not move its headquarters overseas to reduce its U.S. tax bill.

Walgreens will pay $15 billion, including $5 billion in cash, to purchase the remaining 55 percent of Alliance Boots. The two companies began merging in 2012.

Walgreens had flirted with the idea of moving its headquarters from Chicago to the United Kingdom to avoid paying corporate taxes in the U.S.

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