Business

1:47pm

Wed January 22, 2014
Planet Money

Millions Of People Are Quitting Their Jobs Every Month. That's Good News.

Originally published on Tue January 28, 2014 10:35 am

quits
Quoctrung Bui/NPR

It might be hard to imagine in this sputtering recovery, but 2.4 million people actually quit their jobs in November, according to the Bureau of Labor Statistics. That's nearly a million more quitters than there were during the darkest months of the recession.

Read more

1:24pm

Wed January 22, 2014
The Salt

Long John Silver's Throws Trans Fats Overboard

Originally published on Wed January 22, 2014 4:22 pm

Long John Silver's has gained some notoriety in the past for serving up what the food police dubbed the most unhealthful meal in America. (aka heart attack on a hook.)

But the fast-food chain is out to change its reputation. One step in this new direction: a quick transition from partially hydrogenated oils that contain bedeviled trans fats. Today, the chain announced it is moving to a 100 percent soybean oil that is trans-fat free.

Read more

8:53am

Wed January 22, 2014
The Two-Way

Almost No Poor Nations By 2035? That's What Bill Gates Says

Originally published on Wed January 22, 2014 1:26 pm

Bill Gates at an event held by his foundation in Berlin last November.
Maurizio Gambarini EPA/Landov

It is a myth that "poor countries are doomed to stay poor," and by the year 2035, "there will be almost no poor countries left in the world," Microsoft co-founder and philanthropist Bill Gates writes in his latest annual letter about the work of the Bill & Melinda Gates Foundation and conditions in the nations where the foundation works.

Gates sees a world where once-impoverished countries have already made tremendous progress and where more will follow their lead.

Read more

6:59am

Wed January 22, 2014
Business

Amazon Does The Math, Anticipates Your Needs

Originally published on Wed January 22, 2014 8:12 am

Amazon has a patent for what it calls "anticipatory shipping" — shipping goods to a warehouse near you before you've bought them. Renee Montagne talks to Tim Stevens, editor-at-large for CNET, about Amazon developing a sales method to ultimately read your mind.

5:23am

Wed January 22, 2014
Business

Banks Challenged By Economy Despite Positive Earnings

Originally published on Wed January 22, 2014 8:12 am

Transcript

STEVE INSKEEP, HOST:

Over the past week or so, most of the country's banks have reported their profits for the last quarter of 2013. The numbers, mostly, have better than most analysts expected. After a rough few years, most big financial institutions are faring pretty well. But there's some debate about how sustainable the numbers really are.

NPR's Jim Zarroli reports.

Read more

5:23am

Wed January 22, 2014
Business

Global Economic Recovery To Keep Strengthening

Originally published on Wed January 22, 2014 8:12 am

The International Monetary Fund has updated its outlook for the world economy. The IMF boosted its forecast for global growth slightly. It also hiked its estimate for U.S. growth.

5:23am

Wed January 22, 2014
Around the Nation

Punishing Winter Temperatures Drain Propane Supplies

Originally published on Wed January 22, 2014 8:12 am

Transcript

RENEE MONTAGNE, HOST:

And this latest winter storm and those freezing temperatures are putting a strain on already low supplies of propane in the Northeast and Midwest. Millions of Americans use the liquefied gas to heat their homes. And as NPR's Tovia Smith reports, they're paying more and getting less this winter season, which started early, thanks to the extreme cold of the polar vortex.

Read more

5:23am

Wed January 22, 2014
Business

Sears To Close Flagship Store In Downtown Chicago

Originally published on Wed January 22, 2014 8:12 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with a Chicago farewell.

(SOUNDBITE OF MUSIC)

MONTAGNE: Sears announced its closing its flagship store in downtown Chicago as part of an ongoing effort to cut expenses. It was once the largest retailer in Chicago. In fact, it was the namesake for the Sears Tower, the country's second tallest building.

One executive said that ever since it moved from the Sears Tower - which is now the Willis Tower - the downtown Chicago Sears has lost millions of dollars.

Read more

5:23am

Wed January 22, 2014
Business

Quicken Loans Offers $1 Billion In NCAA Bracket Promotion

Originally published on Wed January 22, 2014 8:12 am

The finance company is offering a $1 billion prize to whoever correctly picks each game in the men's NCAA tournament. The odds of correctly picking every game are more than 9 quintillion to 1.

3:43am

Wed January 22, 2014
Around the Nation

Gentrification May Actually Be Boon To Longtime Residents

Originally published on Wed January 22, 2014 9:34 am

The bustling Sidamo coffee shop in Washington's H Street Northeast neighborhood. The area has attracted many new, young residents and high-end bars, retail and restaurants over the past several years.
Meredith Rizzo NPR

Bobby Foster Jr. can often be found reading the paper on a wooden bench outside Murry's grocery store on the corner of Sixth and H streets northeast in Washington, D.C.

"The sun shines over here this time of day," says Foster, a retired cook. "It's always good when the sun shines."

Murry's has been an anchor in this neighborhood for decades — during the crack wars of the 1980s and the urban blight that followed, when most other businesses packed up and left. Foster has been somewhat of an anchor, too. He's lived here for 54 years.

Read more

Pages