Business and Economy

The New And The Next
4:04 pm
Sat January 25, 2014

The Business Of Hip-Hop; Luring Millennials To Life Insurance

Rayon Richards Ozy

Originally published on Sat January 25, 2014 9:44 pm

The online magazine Ozy covers people, places and trends on the horizon. Co-founder Carlos Watson joins All Things Considered regularly to tell us about the site's latest feature stories.

This week, Watson talks with guest host Kelly McEvers about a rising star who has made hip-hop serious business, and the advertising tactics that life insurance companies are using to attract young people.

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BancFirst Of Oklahoma City Will Take Responsiblity
5:12 pm
Fri January 24, 2014

The Bank Of Union Closed

Credit Alina Sofia / Flickr.com

Regulators have closed a small lender in Oklahoma, the second U.S. bank failure of 2014 after 24 closures last year.

The Federal Deposit Insurance Corp. said Friday that it has taken over The Bank of Union. BancFirst, based in Oklahoma City, has agreed to assume Bank of Union's deposits and to buy $225.5 million of the failed bank's assets.

Bank of Union has one branch in Oklahoma City and another one about 30 miles away in El Reno, Okla. It had $331.4 million in assets and $328.8 million in deposits as of Sept. 30.

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Economy
5:04 pm
Fri January 24, 2014

Trouble In Emerging Markets Causes Stocks To Take A Tumble

Originally published on Fri January 24, 2014 6:29 pm

Transcript

MELISSA BLOCK, HOST:

Stock prices soared in the past year, but this was a rough week and prices really tumbled today. The Dow lost 318 points, the S&P 500 and the NASDAQ both fell 2.1 percent. This was part of a global sell-off, as investors focus on the growing financial turmoil in the developing world. NPR's Chris Arnold is following this and he joins me now. Chris, the year started off looking like the global economy was more stable. We didn't have a financial crisis unfolding somewhere. So what's going on now?

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The Two-Way
4:10 pm
Fri January 24, 2014

Holder Favors Pot Banking, And Legal Dealers Shrug

A marijuana bud and cash at a shop in Denver. An owner of marijuana stores in the city says of his company's bank account, "We treat it like gold."
Ed Andrieski AP

When I heard late Thursday that Attorney General Eric Holder had come out in favor of bank accounts for state-sanctioned pot businesses, I assumed the industry would react with cheers. After all, they've long complained about being black-balled by banks, which are justifiably afraid of violating federal laws against handling drug money.

But when I started calling around today, the reactions ranged from "That's nice" to "Meh."

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The Two-Way
3:34 pm
Fri January 24, 2014

Dow Loses 318 Points, The Most In One Day Since June

The Dow closed 318 points lower on Friday, the biggest one-day drop since June.

As NBC News puts it, the index joined the rout that hit European and Asian markets on fears that the global economy is slowing.

The Wall Street Journal adds:

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Business
3:27 pm
Fri January 24, 2014

In The Super Bowl Ad Game, One Small Business Will Win Big

Originally published on Fri January 24, 2014 7:55 pm

Super Bowl suspense is building — for the game and the commercials. With an audience of over 100 million people, advertisers covet this space, but at a reported $4 million a spot, only the mightiest corporations can afford Super Bowl exposure. This year, though, there's an exception. One lucky little business will get one of those primo slots — free.

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All Tech Considered
3:09 pm
Fri January 24, 2014

Tech Week That Was: The Mac Turns 30, More NSA Rumblings

Apple's CEO Steve Jobs (left) and President John Sculley display the hardware unveiled at the annual shareholders meeting on Jan. 24, 1984.
Terry Schmitt UPI/Landov

It may have been a slow news week — no national security flaws or revelations, no more signs that Google is trying to take over the world — but we had plenty of content to feed your tech appetite here on All Tech Considered.

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All Tech Considered
1:28 pm
Fri January 24, 2014

As Windows XP Fades Away, Will Its Users Stick With Microsoft?

A man walks past a Microsoft billboard featuring Windows XP in November 2001 in Beijing.
Kevin Lee Getty Images

Originally published on Mon January 27, 2014 9:10 am

Windows XP may have been largely developed in a different millennium, but it's not going into retirement without a fight.

Even as Microsoft promotes Windows 8, its latest operating system, Windows XP is still the second-most used OS on nonmobile computers, according to Net Applications web analytics. Debuting in 2001, XP lasted through three new Microsoft operating systems and the growth of mobile technology.

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Planet Money
12:54 pm
Fri January 24, 2014

An Astonishing Share Of Homebuyers Are Paying All Cash

adfa

More and more people are buying homes with pure cash. In December, all-cash purchases accounted for 42.1 percent of all U.S. residential sales, according to the latest report from RealtyTrac, a company that collects and analyzes housing data.

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Business
6:00 am
Fri January 24, 2014

David's Bridal Goes Upscale Near Beverly Hills

Originally published on Fri January 24, 2014 6:29 am

David's Bridal is famously known for carrying inexpensive bridal dresses, some for less than $100. Now the company wants to offer an elevated experience for brides to be — with chandeliers, marble tiling and plush chairs. There will be price tags to match — as much as 2,000.

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