NPR's business news begins with another bad day for Chinese stocks.
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GREENE: The major indexes in China closed down more than five percent - making it the worst day of losses since 2009. And the plunge reverberated, weighing down markets across Asia. The losses we apparently caused by the Chinese government's ongoing attempt to reform its banking system. It's using high interest rates to cut down on risky loans, making access to cash very tight. Transcript provided by NPR, Copyright NPR.
Vice President Joe Biden and Senate Majority Leader Harry Reid insist that gun control legislation is not dead — they say they're strategizing on how to bring the issue back to the Senate floor.
Even if it does return, one proposal unlikely to survive is an assault weapons ban. Military-style assault rifles now form a nearly $1 billion industry supported by gun owners who spend thousands of dollars collecting these firearms.
Each week,Weekend Edition Sundayhost Rachel Martin brings listeners an unexpected side of the news by talking with someone personally affected by the stories making headlines.
Entrepreneur Dame Stephanie Shirley started a software company in 1962. FI Group, now known as Xansa, was "a company of women, a company for women," Shirley says. She wanted to create a new business model, encouraging women to work in the tech industry — with flexible schedules.
Southwest Airlines says some of its Saturday flights will still be affected by a network computer outage that snarled check-ins, forcing the cancellation of more than a dozen flights and temporarily grounding some 250 others – mostly on the West Coast.
Although the carrier's computer system was back up and running after Friday's problems, Southwest says there was still a backlog that could cause flight delays.
A co-founder of the file-sharing website Pirate Bay has been sentenced in Sweden to two years in prison for hacking into a bank computer.
Gottfrid Svartholm Warg, 28, was arrested in Cambodia last year after Swedish authorities issued an international warrant. He was convicted and sentenced Thursday for hacking Sweden's Nordea bank and U.K.-based services firm Logica.
"The data intrusion has been very extensive and technically advanced," the court said in its ruling.
Online retail sales are cutting into tax revenue in counties and cities, according to a report issued by the U.S. Conference of Mayors on Friday. They estimate the lost revenue for America's largest cities and counties came to about $2.8 billion for 2011 and 2012, combined.