Business

2:46pm

Mon July 14, 2014
The Two-Way

Trump Plaza Latest Atlantic City Casino To Fold

Originally published on Mon July 14, 2014 3:37 pm

The Trump Plaza Hotel and Casino opened to much fanfare in 1984 but may close by mid-September.
Mel Evans AP

The Trump Plaza Hotel and Casino is expected to close on Sept. 16, making it the latest in a series of Atlantic City casinos to go under.

As required by federal law in advance of mass layoffs, the hotel sent out warnings about the planned closure to employees on Monday. According to a document obtained by The Associated Press, a total of 1,153 layoffs are expected.

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1:16pm

Mon July 14, 2014
All Tech Considered

Tech Giants Make Net Neutrality Case As Deadline Nears

Originally published on Wed July 16, 2014 2:49 pm

Facebook CEO Mark Zuckerberg (right) and Facebook lobbyist Joel Kaplan are part of the Internet Association, which filed comments in support of net neutrality Monday.
Alex Wong Getty Images

It's not just comedian John Oliver coming out against cable companies to support net neutrality. The world's largest Internet companies — Google, Facebook, Netflix, Amazon and others — have officially chimed in, filing comments Monday to the Federal Communications Commission, which oversees Internet traffic.

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12:34pm

Mon July 14, 2014
Business

Citigroup Settles Subprime Mortgage Case For $7 Billion

Transcript

STEVE INSKEEP, HOST:

Citigroup has agreed to settle allegations that it defrauded investors in the years leading up to the financial crisis. The settlement requires Citigroup to pay $7 billion. Two and a half billion will go toward mortgage relief for homeowners. Now, this settlement involves mortgage-backed securities the bank packaged and sold to investors, and it was announced this morning by U.S. Attorney General Eric Holder. We're going to talk this through with NPR's Jim Zarroli who's on the line. Jim, good morning.

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9:59am

Mon July 14, 2014
The Two-Way

Sweet Deal? Chocolatier Lindt Buys Russell Stover

Originally published on Mon July 14, 2014 12:07 pm

A store manager arranges merchandise in a Russell Stover Candy store in Overland Park, Kan., in this file photo. The candy maker is being bought by Swiss company Lindt & Spruengli.
Charlie Riedel AP

In a push for greater prominence in the American market, Swiss chocolate company Lindt & Sprungli has reached a deal to acquire Russell Stover, the company whose products include the time-tested Whitman's Sampler box of chocolates, a product featured in the 1994 film Forrest Gump.

The deal would make the combined company the No. 3 chocolate maker in North America, Lindt says in a news release announcing the deal. The company says the acquisition is the "biggest and most important strategic acquisition" in its history.

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8:00am

Mon July 14, 2014
Business

Citigroup Agrees To Settlement Over Risky Mortgages

Originally published on Mon July 14, 2014 12:34 pm

Transcript

RENEE MONTAGNE, HOST:

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7:53am

Mon July 14, 2014
The Two-Way

Citigroup Agrees To Pay $7 Billion To Resolve Mortgage Probe

Originally published on Mon July 14, 2014 11:53 am

Citigroup has agreed to pay $7 billion to settle a federal investigation into subprime mortgages it sold in the run-up to the financial meltdown of 2008.
Kiichiro Sato AP

Citigroup said Monday it had agreed to pay $7 billion to settle a federal investigation into subprime mortgages it sold in the run-up to the financial meltdown of 2008.

The deal covers mortgage-backed securities and collateralized debt obligations issued, structured or underwritten by Citi between 2003 and 2008, the company said in a statement on its website.

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7:51am

Mon July 14, 2014
Business

In The Future, Calorie Counting Could Be A Lot Easier

Originally published on Wed July 16, 2014 10:15 pm

Transcript

STEVE INSKEEP, HOST:

And if you've eaten a few too many Saskatoon berries, our last word in Business is for you, a calorie-counting app.

RENEE MONTAGNE, HOST:

Losing weight pretty much boils down to a simple equation, calories in versus calories out. But tracking that can be tedious, logging everything you order or cook at home. Now picture this, a device that you place over your plate and it shows you exactly what's in the food you're about to eat.

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5:31am

Mon July 14, 2014
Business

China Indicts GlaxoSmithKline Investigators

Originally published on Mon July 14, 2014 12:34 pm

Transcript

STEVE INSKEEP, HOST:

Prosecutors in Shanghai have charged a British detective and his American wife with illegally buying and selling personal information about Chinese citizens. They were working for a company that was already under scrutiny from China's government. NPR's Anthony Kuhn reports.

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3:35am

Mon July 14, 2014
The Salt

Saskawhat? A Novel Berry Takes Root On Michigan Farms

Originally published on Tue July 15, 2014 2:23 pm

A new kind of berry has found its way into Michigan grocery stores. These dark purple fruits are called saskatoons.

This commercial cultivar of the wild juneberry is pretty common in Canada, but it hasn't been grown by farmers in the U.S. until recently. Here, the berry, also sometimes called the serviceberry, has been collected in the wild for generations.

One farmer who has started growing them in Michigan isn't quite sure how to describe the taste.

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3:28am

Mon July 14, 2014
Law

How Banning One Question Could Help Ex-Offenders Land A Job

Originally published on Wed July 16, 2014 7:40 pm

Sherman Justice says he struggled when he got out of prison after serving time for robbery and drug trafficking.
Pam Fessler NPR

Washington, D.C., is expected to join four states and several cities soon in prohibiting companies from asking job applicants — up front — if they have a criminal record.

It's part of a growing movement called Ban the Box, a reference to that box on a job application form that asks, "Have you ever been convicted of a crime?"

Advocates for the laws say having to check the box prevents many ex-offenders from getting a fair shot at a job.

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