Business and Economy

The Two-Way
4:41 pm
Thu July 3, 2014

SunTrust Settles In Probe Into Mishandled Home Loan Modifications

Originally published on Thu July 3, 2014 5:54 pm

Atlanta-based SunTrust Mortgage Inc. has agreed to pay up to $320 million to resolve criminal allegations that it mishandled applications from homeowners seeking loan modifications under a federal program.

The deal with the Justice Department follows a similar settlement last month with SunTrust Mortgage over its mishandling of federally backed home loans.

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All Tech Considered
4:19 pm
Thu July 3, 2014

In A Battle For Web Traffic, Bad Bots Are Going After Grandma

By hijacking a user's computer, "bad" bots make it look as if she visits a website often, thus making the site more valuable to advertisers.
iStockphoto

Originally published on Mon July 7, 2014 10:05 am

As the Web turns 25, it's becoming a terrific place if you're a bot.

It began as a tool for human communication, but now, over 60 percent of the traffic on the Web is automated applications called bots talking to other bots, according to one study. And experts say about half of those bots are bad.

But first let's talk about the good bots.

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The Two-Way
3:29 pm
Thu July 3, 2014

Jobs Numbers Buoy Dow Above 17,000 For The First Time

Originally published on Thu July 3, 2014 3:52 pm

The Dow Jones closed above 17,000 for the first time in its history on Thursday. The index was buoyed by better-than-expected news from the jobs market.

As we reported, the Labor Department announced that U.S. employers added 288,000 jobs last month and that the unemployment rate dipped to 6.1 percent.

It was the fifth consecutive month that employers had added more than 200,000 jobs.

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Business
3:09 pm
Thu July 3, 2014

Export-Import Controversy Gives Rise To A Tale Of Two Washingtons

Originally published on Thu July 3, 2014 5:26 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

And I'm Melissa Block. A debate has been raging in Washington, D.C. over the future of an obscure federal agency - the Export-Import Bank. And all the way across the country in the other Washington - Washington state - businesses, labor unions and politicians say the bank's demise would have severe consequences. Ashley Gross of member station KPLU in Seattle reports.

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Economy
3:09 pm
Thu July 3, 2014

In June Jobs Numbers, Signs For Optimism

Originally published on Thu July 3, 2014 5:26 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

MELISSA BLOCK, HOST:

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Economy
3:03 pm
Thu July 3, 2014

Hiring Looks Good Now, But Wage Growth Lags

A Gap employee works at a store in San Francisco. The company plans to raise its minimum wage in phases to $10 an hour by next year.
Justin Sullivan Getty Images

Originally published on Thu July 3, 2014 4:12 pm

The unemployment report released Thursday by the Labor Department offered great news for job seekers: Hiring boomed in June.

That good news helped send stock prices to record levels, with the Dow Jones industrial average crossing the 17,000 mark for the first time to close at 17,068.26, up 92.02.

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U.S.
12:50 pm
Thu July 3, 2014

Federal Highway Program Could Run Out Of Money Next Month

The White House has warned that without more money for the federal Highway Trust Fund, which helps states pay for road and infrastructure projects, construction delays will put thousands out of work.
Seth Perlman AP

Originally published on Thu July 3, 2014 2:35 pm

Congress has yet another problem it can't solve.

For years, the main federal transportation program has been spending more money than it takes in. This year, the Congressional Budget Office estimates the Transportation Department will disburse $45 billion while collecting only $33 billion for its Highway Trust Fund.

As a result, Transportation Secretary Anthony Foxx warned states on Tuesday that they will start seeing cuts of 28 percent in federal funding for roads and bridges next month unless Congress comes up with some extra money.

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Economy
12:41 pm
Thu July 3, 2014

New Jobs Numbers: Has Economic Recovery Reached A Tipping Point?

Originally published on Thu July 3, 2014 4:13 pm

The economy added 288,000 jobs in June and the unemployment rate dropped to 6.1 percent. NPR's Marilyn Geewax and The Wall Street Journal's Sudeep Reddy discuss the latest jobs report.

Economy
10:14 am
Thu July 3, 2014

Report Shows 288,000 New Jobs In June

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

DAVID GREENE, HOST:

And I'm David Greene. Good morning. We begin this hour with more positive signs about the nation's economy. The Labor Department this morning said the U.S. unemployment rate fell to its lowest level in nearly six years last month, and employers added some 288,000 jobs to their payrolls. Here's NPR's Jim Zarroli.

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Planet Money
9:55 am
Thu July 3, 2014

How Every U.S. State Has Fared Since The Recession, In 1 Graph

Quoctrung Bui/NPR

Originally published on Thu July 3, 2014 9:35 am

This spring, the U.S. finally gained back all the jobs that were lost during the recession. In other words, the number of jobs in the country is now higher than it was back in January 2008, at the beginning of the recession.

But the jobs are different — and they're in different places. In a handful of states, there are lots more jobs than there used to be. But in many others, there are still far fewer jobs than there were before the recession.

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