Business

9:50am

Thu November 21, 2013
Parallels

Saudi Arabia's Global Arms Shopping Spree

Originally published on Thu November 21, 2013 4:04 pm

A Leopard 2 A6 tank is in operation during the German army exercise in Bergen, Germany, on Oct. 2. Germany said it would sell 270 of the tanks to Saudi Arabia last year. According to official figures, the Saudis were the top buyers of arms from Germany.
Peter Steffen DPA /LANDOV

Saudi Arabia has emerged as the biggest foreign customer for German arms, buying nearly a quarter of Germany's total weapons sales.

It's part of an emerging pattern of weapons purchases by Saudi Arabia and its neighbor, the United Arab Emirates.

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8:59am

Thu November 21, 2013
The Two-Way

Jobless Claims And Wholesale Prices Drop

Originally published on Thu November 21, 2013 11:47 am

Part of the scene at a job fair for veterans and family members earlier this month in Marietta, Ga.
David Goldman AP

While it's always important to keep in mind that neither one week nor one month make for a trend, there is good economic news to pass along:

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5:04am

Thu November 21, 2013
Business

Elvis Presley Enterprises Sold To Authentic Brands

Originally published on Thu November 21, 2013 7:18 am

Transcript

RENEE MONTAGNE, HOST:

And our Last Word In Business is, still the King. It's been over three decades since Elvis Presley left this earthly building. But his legacy lives on, and generates about $32 million a year in revenue.

STEVE INSKEEP, HOST:

And now, Elvis Presley Enterprises has a new owner. Authentic Brands Group, which already manages Marilyn Monroe's brand, will acquire rights to Elvis' photos, music, movie and TV appearances, although the price has not yet been disclosed.

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5:04am

Thu November 21, 2013
Business

Oil Industry And Others Cheer EPA's Ethanol Proposal

Originally published on Thu November 21, 2013 6:55 am

The EPA's decision not to force oil companies to replace E10, gasoline mixed with 10 percent ethanol, with E15, had a big impact on a lot of businesses. For manufacturers of motorcycles, motor boats and outdoor power equipment, it was good news. But for gas station owners who invested in expensive blender pumps, the decision hurt.

5:04am

Thu November 21, 2013
Economy

2014 Greece Budget To Contain No Austerity Measures

Originally published on Thu November 21, 2013 6:55 am

Transcript

RENEE MONTAGNE, HOST:

The Greek parliament is considering a new budget today, and it does not include the wage cuts and tax hikes requested by the European Union and the International Monetary Fund.

Those institutions loaned Greece billions in bailout and are demanding more austerity. But Greeks say they've suffered enough economic pain and warned that more could provoke unrest.

Joanna Kakissis reports from Athens.

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5:04am

Thu November 21, 2013
Education

Kids Pay The Price In Fight Over Fixing Philadelphia Schools

Originally published on Fri November 22, 2013 8:58 am

Third-grader Kassim West last July at Walter G. Smith Elementary School, one of more than 20 Philadelphia public schools that closed at the end of the school year.
Matt Stanley for NPR

This is the first in a three-part report on Philadelphia schools in crisis.

Sharron Snyder and Othella Stanback, both seniors at Philadelphia's Benjamin Franklin High, will be the first in their families to graduate from high school. This, their final year, was supposed to be memorable. Instead, these teenagers say they feel cheated.

"We're fed up with the budget cuts and everything. Like, this year, my school is like really overcrowded. We don't even have lockers because it's, like, too many students," Sharron says.

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5:04am

Thu November 21, 2013
Business

Tribune Media Company To Lay Off 700 Employees

Originally published on Thu November 21, 2013 10:10 am

The company owns seven daily newspapers including the Chicago Tribune and the Los Angeles Times. The company says the cuts will mostly affect the publishing side of the business — not editorial staff. The company says it's part of an ongoing effort to consolidate its business.

5:04am

Thu November 21, 2013
Health Care

Medicare Project May Provide Better Care Less Expensively

Originally published on Thu November 21, 2013 6:55 am

Fort Dodge, Iowa, is not exactly what you'd think of as a hotbed of health care innovation. But the small town in the western part of the state is part of a Medicare pilot project that economists say could be a pathway to the holy grail of health care: providing better care at a lower cost.

5:04am

Thu November 21, 2013
Business

Obama, State Insurance Commissioners Talk Policy Extensions

Originally published on Thu November 21, 2013 6:55 am

President Obama met with state insurance commissioners to discuss changes to the implementation of the Affordable Care Act. Some commissioners are in a difficult spot because their states passed laws that prohibit policies that don't comply with the law. Now, the president says companies can keep offering non-compliant policies for another year if they want to.

11:50am

Wed November 20, 2013
All Tech Considered

Russian App Wants E-Book Piracy To End, Happily Ever After

Originally published on Wed November 20, 2013 3:55 pm

Moscow-based app Bookmate has a subscription e-book service — similar to others on the U.S. market, but with more of a focus on targeting piracy in emerging literary markets.
Courtesty of Bookmate

In our Weekly Innovation series, we pick an interesting idea, design or product that you may not have heard of yet. Got an innovation you think we should feature? Fill out our form.

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