Business

9:12am

Thu February 6, 2014
The Two-Way

GM Posts Disappointing Fourth-Quarter Earnings

Originally published on Thu February 6, 2014 12:51 pm

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

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:

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8:57am

Thu February 6, 2014
The Two-Way

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

Originally published on Thu February 6, 2014 10:48 am

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

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:

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8:13am

Thu February 6, 2014
Business

Satya Nadella Replaces Microsoft's Retiring CEO

Originally published on Thu February 6, 2014 10:59 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.

7:59am

Thu February 6, 2014
Business

Twitter Shares Drop After Earnings Report

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.

7:59am

Thu February 6, 2014
Business

U.S. Olympians Are Without Their Greek Yogurt

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.

5:18am

Thu February 6, 2014
Business

CVS Caremark Drops Tobacco, Wants To Be Your Health Provider

Originally published on Thu February 6, 2014 7:59 am

Smokers are shrugging off the announcement that CVS will stop selling tobacco products. The company announced the move on Wednesday as part of a strategy to promote healthy choices. But more than half of cigarettes are sold at gas stations, so the company's decision is unlikely to have much of an impact on access to tobacco.

5:16am

Thu February 6, 2014
Business

Regulators Examine Allegations Of Currency Manipulation

Originally published on Thu February 6, 2014 7:59 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.

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4:23am

Thu February 6, 2014
Economy

Reining In Health Care Costs Key To Trimming Deficit

Originally published on Thu February 6, 2014 1:47 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.

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3:22am

Thu February 6, 2014
Business

Amtrak Fights Big Oil For Use Of The Rails

Originally published on Thu February 6, 2014 12:03 pm

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

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

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5:34pm

Wed February 5, 2014
The Two-Way

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.

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