Business

6:01pm

Fri October 25, 2013
The Two-Way

JPMorgan Chase Settles With Housing Regulator For $5.1 Billion

Originally published on Fri October 25, 2013 7:31 pm

JP Morgan Chase & Company headquarters in New York.
Emmanuel Dunand AFP/Getty Images

JPMorgan Chase announced that it reached a $5.1 billion settlement with the Federal Housing Finance Agency, which is a conservator for the mortgage giants Freddie Mac and Fannie Mae.

The Wall Street Journal explains:

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5:34pm

Fri October 25, 2013
The Two-Way

United Slapped With $1.1 Million Fine Over Tarmac Delays

Originally published on Fri October 25, 2013 7:22 pm

A United Airlines Boeing 787 Dreamliner at O'Hare International Airport.
Scott Olson Getty Images

The Department of Transportation has slapped United Airlines with a $1.1 million fine for lengthy tarmac delays at Chicago O'Hare International Airport in July of 2012.

In a press release, the DOT said the fine was the largest issued since it instituted a rule that penalizes U.S. carriers for holding a plane with passengers on a tarmac for more than three hours.

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4:27pm

Fri October 25, 2013
Parallels

Little 'Libraires' That Could: French Law Would Keep Amazon At Bay

Originally published on Fri October 25, 2013 7:55 pm

France's government has taken legal steps to protect the country's independent booksellers from behemoths like Amazon. It already prohibits discounts of more than 5 percent on books. Now it's considering a law that would not allow online retailers like Amazon to offer both a 5 percent discount and free shipping.
Christine Zenino Flickr

Last year, the U.S. government took Apple to court, charging that the company illegally drove up the price of e-books. This summer, Apple lost the case.

In France, just the opposite is happening. The French government has accused Amazon of trying to push the price of physical books too low.

Limiting discounts on books is one of the ways that France is trying to ensure the survival of its independent booksellers.

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2:33pm

Fri October 25, 2013
The Two-Way

Administration: A Month Needed To Fix Obamacare Enrollment Site

Originally published on Fri October 25, 2013 3:37 pm

The HealthCare.gov insurance exchange site shown on Oct. 1, when it opened. Since then, it's been plagued with problems.
Karen Bleier AFP/Getty Images

A subcontractor that built a portion of the HealthCare.gov website that's now working relatively well is being promoted to oversee a thorough revamping of the entire glitch-prone portal, and work will be done by the end of next month, the White House says.

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1:26pm

Fri October 25, 2013
The Salt

San Francisco Kitchen Lends Low-Income Food Entrepreneurs A Hand

Originally published on Tue November 5, 2013 11:32 am

Two employees of Alicia's Tamales los Mayas prepare tamales in the La Cocina industrial kitchen. Alicia Villanueva, the owner, and her team produce 3,000 to 5,000 tamales every week to sell in the Bay Area.
Courtesy of La Cocina

San Francisco's Mission District is a cultural crossroads for food, where Mexican bodegas and burrito shops meet gourmet bakeries and cutting-edge California cuisine. It's also home to a kitchen where some of the most promising food startups in the region are getting a boost.

When 52-year-old Alicia Villanueva migrated to San Francisco from Mexico in 2001, she began preparing tamales at home to make a living. She found clientele for her authentic, quality food easily, but says that she struggled to grow the business.

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12:07pm

Fri October 25, 2013
All Tech Considered

Tech Week: U.S. Spying, Health Site Blame Game And New iPads

Originally published on Fri October 25, 2013 2:02 pm

An attendee looks at the new Mac Pro during an Apple announcement event in San Francisco.
Justin Sullivan Getty Images

"Too big to succeed."

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6:43am

Fri October 25, 2013
Business

What Small Businesses May Lose By Using Online Tools

Originally published on Fri October 25, 2013 10:58 am

Digital tools make starting a small business easier than ever. There are apps and websites to incorporate, find lawyers, make payroll, manage HR and marketing. Convenience can come at a price, however, if it means entrepreneurs aren't making personal connections as they establish their businesses.

6:43am

Fri October 25, 2013
Business

Icahn Sinks His Teeth Into Apple's Stock Buyback Plan

Transcript

DAVID GREENE, HOST:

The billionaire Carl Icahn has been called a corporate raider and an activist investor. Now he's trying to tell Apple what to do.

NPR's Dan Bobkoff explains.

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6:06am

Fri October 25, 2013
Business

It's Not Just You: Airline Seats Are Shrinking

Originally published on Fri October 25, 2013 6:43 am

Transcript

DAVID GREENE, HOST:

And today's last word in business is rubbing shoulders. Last time you got on a flight, did you have an "Alice in Wonderland" moment and think to yourself: Is this seat smaller or did I somehow get bigger.

STEVE INSKEEP, HOST:

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6:00am

Fri October 25, 2013
Business

Twitter Announces Share Price Range For IPO

Originally published on Fri October 25, 2013 6:43 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with the price of a tweet.

(SOUNDBITE OF MUSIC)

INSKEEP: Twitter announced late yesterday that share prices for its hotly anticipated initial public offering will be between 17 and $20, far less than what many analysts were predicting the social media site would list for. With 70 million shares up for sale, the offering should raise about $1.4 billion. And according to The Wall Street Journal, this would value Twitter at about $11 billion total.

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