Business and Economy

The Two-Way
9:45 am
Thu February 6, 2014

Weekly Jobless Claims Dip; Will Unemployment Rate Do The Same?

The scene at a Hiring Our Heroes job fair for veterans last month in Washington, D.C.
Mark Wilson Getty Images

Originally published on Thu February 6, 2014 9:48 am

There were 331,000 first-time claims filed for unemployment insurance last week, down 20,000 from the week before, the Employment and Training Administration reports.

That's yet another report showing that claims remain in a range where they've been running since late 2011. What does that indicate? As we've said before:

Read more
The Salt
8:59 am
Thu February 6, 2014

Oh, So That's What Goes Into A McDonald's Chicken McNugget

McDonald's new video answers that age-old question: What are McNuggets actually made of?
McDonald's Canada/YouTube

Originally published on Sun February 9, 2014 4:40 pm

Read more
The Two-Way
8:12 am
Thu February 6, 2014

GM Posts Disappointing Fourth-Quarter Earnings

The new 2015 GMC Canyon midsize truck was on display last month the 2014 North American International Auto Show in Detroit.
Bill Pugliano Getty Images

Originally published on Thu February 6, 2014 11:51 am

General Motors posted a weaker-than-expected fourth-quarter profit on Thursday amid disappointing sales, especially outside the U.S.

Net income rose to $913 million, or 57 cents a share, from $892 million, or 54 cents a share, in the same quarter a year ago. Analysts polled by Thomson Reuters had expected 88 cents a share.

According to Reuters:

Read more
Business
7:13 am
Thu February 6, 2014

Satya Nadella Replaces Microsoft's Retiring CEO

Originally published on Thu February 6, 2014 9:59 am

The company announced Tuesday that Nadella will replace Steve Ballmer, who announced last summer that he'd retire. Nadella, Microsoft's third CEO, has been with the company for 22 years.

Business
6:18 am
Thu February 6, 2014

Twitter Shares Drop After Earnings Report

Originally published on Thu February 6, 2014 6:59 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with a drop for Twitter.

(SOUNDBITE OF MUSIC)

MONTAGNE: The social media company announced its first earnings report since becoming a publicly traded company, and the news is not good. Twitter's stock price 17 percent in the last quarter. This change is due largely to a sharp decline in new users. Only one million U.S. users were added in the final months of 2013. Transcript provided by NPR, Copyright NPR.

Business
6:18 am
Thu February 6, 2014

U.S. Olympians Are Without Their Greek Yogurt

Originally published on Thu February 6, 2014 6:59 am

Chobani, a Team USA sponsor, has decorated its containers of Greek yogurt in honor of the Olympics. But shipments of Chobani haven't made it to Sochi. Russian officials say the company failed to complete the necessary paperwork to allow the yogurt to enter the country.

Business
4:16 am
Thu February 6, 2014

Regulators Examine Allegations Of Currency Manipulation

Originally published on Thu February 6, 2014 6:59 am

Transcript

DAVID GREENE, HOST:

New York State regulators are looking into allegations of currency manipulation by traders at more than a dozen big banks. This effort is part of a global investigation into foreign exchange practices that's already cost several traders their jobs.

RENEE MONTAGNE, HOST:

NPR's Jim Zarroli reports.

Read more
Economy
4:16 am
Thu February 6, 2014

Reining In Health Care Costs Key To Trimming Deficit

Originally published on Thu February 6, 2014 12:47 pm

The Congressional Budget Office earlier this week said this year's deficit is likely to be about one-third the size it was in 2009, when the Great Recession bottomed out. A recovering economy is the main reason for the deficit's improvement, but moderating health care costs have also contributed.

Harvard economist and health policy specialist David Cutler says getting the federal government's finances under control is all about health care.

Read more
Business
2:22 am
Thu February 6, 2014

Amtrak Fights Big Oil For Use Of The Rails

Amtrak trains on the Empire Builder route, which stops in Williston, N.D., have been facing long delays.
Shannon Stapleton Reuters/Landov

Originally published on Thu February 6, 2014 11:03 am

Oil business in North Dakota is creating some big headaches for Amtrak travelers. Trains on the popular Empire Builder route between Chicago and the Pacific Northwest are often delayed for hours.

One reason for the congestion is an influx of trains hauling crude oil across the Northern Plains.

The delays are becoming so bad that a passenger group now wants the U.S. transportation secretary to intervene.

Frozen Before Ice Fishing

Read more
The Two-Way
4:34 pm
Wed February 5, 2014

Antitrust Settlement With EU Calls For Google To Tweak Results

European Commission

Part of an antitrust agreement with the European Union regulators, Google has agreed to tweak its search results in Europe.

The search giant has agreed that when a user searches for a product, for example, the search results of its rivals — Amazon, let's say — will be displayed along with those of advertisers paying Google for prominent space.

Read more

Pages