Business

2:07am

Tue September 17, 2013
The Two-Way

Mission Success: Costa Concordia Is Vertical

Originally published on Tue September 17, 2013 12:24 pm

The Costa Concordia is seen after it was lifted upright on the Tuscan Island of Giglio, Italy, early Tuesday morning. Officials declared the results of the 19-hour operation "perfect."
Andrew Medichini AP

In an operation that took 19 hours, the luxury cruise ship Costa Concordia is now in an upright position.

The head of Italy's Civil Protection agency, Franco Gabrielli, announced the ship had reached vertical and that the operation to rotate it was complete, according to The Associated Press.

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7:24pm

Mon September 16, 2013
The Two-Way

JPMorgan To Get Whale Of A Fine For Trading Losses

Originally published on Tue September 17, 2013 9:38 am

JPMorgan Chase will reportedly pay a $700 million fine to settle allegations that it made risky trades out of its London office that led to more than $6 billion in losses.
Mark Lennihan AP

Authorities are set to slap banking giant JPMorgan Chase with a massive fine over the bank's huge trading losses in London last year, confirms NPR's Jim Zarroli.

Though details of the deal are still pending, several reports put the amount at more than $700 million. It comes on the heels of the bank's having recently paid $410 million to settle charges that it manipulated energy markets.

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4:55pm

Mon September 16, 2013
All Tech Considered

Smartphone Boom Fuels A $1 Billion Fantasy Sports Industry

Originally published on Mon September 16, 2013 5:55 pm

Steve Covino and Rich Davis attend Sirius XM's Annual Celebrity Fantasy Football Draft in New York in 2012.
Cindy Ord Getty Images for Sirius XM Radio

The whole beauty of fantasy sports is that you can manage teams of pro athletes without ever leaving your couch. The process of drafting teams, betting on the success of individual players and trash-talking with your similarly obsessed friends takes place on Web and mobile platforms, and that makes the fantasy sports pastime about more than just bragging rights. It's become a billion-dollar business.

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3:57pm

Mon September 16, 2013
The Two-Way

Bill Gates, Warren Buffett Again Top Forbes 400

Originally published on Mon September 16, 2013 4:46 pm

Larry Ellison, CEO of Oracle, is No. 3 on the Forbes 400 list of the wealthiest Americans.
Stephen Dunn Getty Images

It's mostly the usual suspects on the latest Forbes 400 list of the wealthiest Americans: Bill Gates tops the list for the 20th consecutive year, with a net worth of $72 billion, followed by investor Warren Buffett and Oracle CEO Larry Ellison.

The Koch brothers, Charles and David, tie for fourth place, while Walton family members with an interest in retail behemoth Wal-Mart occupy positions 6 through 9.

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3:29pm

Mon September 16, 2013
The Salt

Atkins Hopes To Ride Paleo, Low-Carb Craze To A Comeback

Originally published on Mon September 16, 2013 5:39 pm

A Beef Merlot dinner from the Atkins frozen food line, launched in January.
Kent Altena Flickr

A decade ago, Atkins was undeniably the fad diet of the moment: Back then, nearly 10 percent of Americans said they were either on the low-carb weight-loss plan or had tried it.

But after Dr. Robert Atkins, its namesake and mastermind, died of a head injury in 2003, the brand went downhill fast. Nutritionists berated the plan for promoting saturated fats and cholesterol-rich foods. Sales of Atkins books and food products dropped precipitously. And Atkins Nutritionals filed for bankruptcy in 2005.

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2:32pm

Mon September 16, 2013
It's All Politics

Summers' End: A Metaphor For Obama's Economic Agenda

Originally published on Mon September 16, 2013 4:35 pm

Former Treasury Secretary Larry Summers speaks during a session at the World Economic Forum in Davos, Switzerland, in 2011.
Michel Euler AP

By taking his name out of consideration for the Federal Reserve chairmanship this weekend, Lawrence Summers became a metaphor for the difficulties President Obama has had in pursuing his economic agenda.

And the end of Summers, at least as Ben Bernanke's potential successor, signaled that the president's inability to get traction on his economic agenda is likely to get worse, not better. Now even lawmakers in his own party are willing to break with him on high-profile economic decisions.

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1:40pm

Mon September 16, 2013
The Two-Way

With Summers Out, Will Obama Turn To Yellen For Fed Post?

Federal Reserve Board Vice Chairman Janet Yellen is considered a top candidate to replace Ben Bernanke now that Lawrence Summers has withdrawn his name for contention for the Fed's top job.
Robert Galbraith Reuters/Landov

Financial markets rallied Monday, a day after Lawrence Summers took himself out of the running to be the next chairman of the Federal Reserve. Summers had been seen as a front-runner to replace Ben Bernanke, whose term expires in January.

His exit improved the odds for his chief rival for the position — Fed Vice Chairman Janet Yellen — as well as those of Donald Kohn, the former vice chairman of the Fed board.

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7:08am

Mon September 16, 2013
Business

United To Honor Free Tickets Generated During Glitch

Transcript

DAVID GREENE, HOST:

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4:12am

Mon September 16, 2013
Television

Technology Transforms TV Ratings And Ad Sales

Originally published on Mon September 16, 2013 7:09 am

Transcript

DAVID GREENE, HOST:

Believe it or not, there was a time when you had to watch a television program when it actually aired. Then came VCRs, which had certain drawbacks.

STEVE INSKEEP, HOST:

Who taped over my episode of "The Cosby Show"?

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4:12am

Mon September 16, 2013
Asia

South, North Koreans To Return To Kaesong Complex

Originally published on Mon September 16, 2013 7:09 am

South Korean managers are heading back to their factories at a complex located just north of the Demilitarized Zone. They're teaming up with North Korean workers to test-run idle assembly lines. The complex has been closed for five months because of political tensions between the two countries.

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