NPR's business news starts with an Asian breakthrough for Apple.
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INSKEEP: Wireless phone carrier China Mobile has signed a deal with Apple to offer iPhones on its network. According to The Wall Street Journal, the deal would give Apple access to China Mobile's many subscribers - around 700 million of them. That's about seven times more subscribers than Verizon - which is the largest mobile carrier in the United States.
A payday loan is a costly form of credit operating on the fringes of the economy. That's why the target of a new crackdown by federal regulators may surprise you: Instead of a forlorn-looking storefront with a garish neon sign, it's your familiar neighborhood bank.
A small but growing number of banks, including some major players, have been offering the equivalent of payday loans, calling them "deposit advances."
That is, at least, until bank regulators stepped in Nov. 21 and put new restrictions on the loans.
The oil boom in the United States is creating another boom — for the railroad industry.
So far this year, in North Dakota alone, 140 million barrels of oil have left on trains. Shipments of crude oil by rail are up almost 50 percent over last year — and this upward trend is expected to continue.
A visit to the world-famous Tehachapi Loop, part of a winding mountain pass in Southern California, demonstrates the scale and reach of the oil boom in the middle of the country. As a train full of oil tanker cars rumbles past, it's hard not to think of it as a pipeline on wheels.
MSNBC host Martin Bashir has resigned from the network following controversial remarks he made about former Alaska Gov. Sarah Palin.
Some three weeks ago, Bashir referred to Palin as a "world-class idiot" for suggesting that U.S. indebtedness to China was akin to slavery. The television host quoted from plantation owner Thomas Thistlewood's diary describing a punishment for slaves that involved having others defecate in their mouths.
The Planet Money men's T-shirt was made in Bangladesh, by workers who make about $3 a day, with overtime. The Planet Money women's T-shirt was made in Colombia, by workers who make roughly $13 a day, without overtime.
The wages in both places are remarkably low by U.S. standards. But the gap between them is huge. Workers in Colombia make more than four times what their counterparts make in Bangladesh. In our reporting, we saw that the workers in Colombia have a much higher standard of living than the workers in Bangladesh.
Shopping is on everyone's mind during the holiday season — not just what to buy, but where you buy it. Host Michel Martin speaks with columnists David Sirota and Mario Loyola about shopping with your values in mind.
European regulators have fined eight large banks a total of more than $2 billion over an illegal cartel scheme to fix interest rates. The fine, the largest ever issued in such a case by the European Union, comes after a two-year investigation into banks' collusion. And the inquiry isn't yet complete.
Two American banks — JPMorgan Chase and Citigroup — are included in the list of financial institutions fined as part of a settlement deal. Several banks that cooperated with investigators saw their fines reduced or eliminated.
A report from payroll company ADP finds that "the U.S. private sector added 215,000 jobs during November making it the strongest month for job growth in 2013," says the company's president and chief executive, Carlos Rodriguez.
Good morning. I'm Renee Montagne. For those who believes selfies are a force of evil, here's confirmation. Darth Vader just posted on Instagram a photo of his face - that is, his iconic black helmet - with the tag GPOM for Gratuitous Portrait Of Myself. The selfie launched the Star Wars Instagram account - a marketing effort by Disney - two full years before the next sequel. It's a pretty good shot, though we have to say a little on the dark side. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.