Business

5:06am

Fri October 4, 2013
Business

Twitter Releases IPO Documents

Originally published on Fri October 4, 2013 10:36 am

Twitter gave potential investors the first peek at its financials as the company heads toward its initial public offering. Twitter plans to raise $1 billion in its IPO and will trade under the ticker symbol TWTR. While Twitter has quickly transformed the way people communicate and comment on events, it has yet to establish itself as a business.

6:05pm

Thu October 3, 2013
Economy

Shutdown Might Mean No Jobs Report, But Does It Matter?

Originally published on Fri October 4, 2013 11:38 am

Transcript

MELISSA BLOCK, HOST:

Among the casualties of this week's government shutdown is one pretty big economic indicator. The Labor Department confirmed today that it will not release September's unemployment report tomorrow as scheduled. The Bureau of Labor Statistics, which compiles the report, says it doesn't have enough people on hand to crunch the numbers.

NPR's Jim Zarroli looks at the impact of the decision on markets.

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12:27pm

Thu October 3, 2013
The Two-Way

Tesla's Stock Gets Burned After Car Fire And Downgrading

Originally published on Thu October 3, 2013 1:26 pm

A Tesla Model S at the 2013 North American International Auto Show in Detroit on Jan. 15.
Stan Honda AFP/Getty Images

High-flying billionaire Elon Musk's Tesla Motors has seen its shares skid the past couple days because they've been downgraded by analysts and because of a YouTube clip showing one of the all-electric luxury cars engulfed in flames earlier this week.

Just before noon ET, a share of Tesla was trading around $169.50 — down about 6.5 percent for the day and $25 (13 percent) below its 52-week high of $194.50.

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12:22pm

Thu October 3, 2013
The Salt

How's The Sausage Made? These Folks Really Want To Share The Knowledge

Originally published on Thu October 3, 2013 1:45 pm

Brent Gentry of Underground Meats rotates a coppa. Underground Meats is behind a new project that aims to lower the barrier to entry for would-be artisanal meat producers by making it easier for them to craft food safety plans.
Emily Julka Courtesy of Underground Meats

With the current bloom of artisanal small-batch producers across the country, you'd think that all you need to start up a new food business is a good idea and a lot of gumption. And for the most part, that's true. But when it comes to artisanal producers working with meat, you also need something else: a Hazards Analysis and Critical Control Points plan. Or, if you will, a HACCP.

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11:48am

Thu October 3, 2013
The Government Shutdown

Without Key Jobs Data, Markets And Economists Left Guessing

Originally published on Thu October 3, 2013 1:32 pm

JPMorgan Chase trader Frederick Reimer works on the floor of the New York Stock Exchange. The government's monthly jobs numbers won't be released as scheduled Friday, leaving financial markets without key data to evaluate the economy.
Brendan McDermid Reuters/Landov

Stock investors and business journalists unite each month for one shared, suspenseful moment — the 8:30 a.m. release of the Labor Department's employment report.

The unveiling of the report — so rich with data on job creation, unemployment, wages and hours — can be counted upon to set off a tsunami of tweets. Economists jump in with instant analysis and politicians fire off press releases with reactions.

That market-moving report was due this Friday.

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11:09am

Thu October 3, 2013
The Two-Way

Treasury: New Debt Ceiling Fight Could Derail Economy

Originally published on Thu October 3, 2013 3:30 pm

Treasury Secretary Jacob Lew leaves the Capitol after a visit on Thursday.
Alex Wong Getty Images

The Treasury Department is issuing a warning of dire economic consequences that could rival the Great Recession if Congress is unable to agree on raising the debt ceiling and the nation defaults on its obligations.

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9:07am

Thu October 3, 2013
The Two-Way

Jobless Claims Stay Near Six-Year Low

There were 308,000 first-time claims for unemployment insurance filed last week, up 1,000 from the week before, the Employment and Training Administration reported Thursday morning.

That means claims continue to run at a relatively low rate that until recent weeks hadn't been seen since the spring of 2007 — six months before the start of the 2007-09 recession.

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5:29am

Thu October 3, 2013
Around the Nation

Colo. Flooding Challenges Small Business Owners In Lyons

Originally published on Thu October 3, 2013 12:53 pm

Transcript

RENEE MONTAGNE, HOST:

Amid the partial government shutdown, the Small Business Administration will continue only a few programs, including disaster relief loans. That's good news in Colorado, where nearly a thousand businesses were damaged or destroyed by recent flooding. Many more could see sales go down.

Grace Hood of member station KUNC traveled to the small town Lyons to understand the full scope of challenges facing small businesses.

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5:23am

Thu October 3, 2013
Business

Fashion Designer Mark Jacobs To Leave Louis Vuitton

Originally published on Thu October 3, 2013 12:53 pm

Transcript

RENEE MONTAGNE, HOST:

And in other business news, Marc Jacobs is packing his bags. The fashion designer is leaving Louis Vuitton after 16 years. He is expected to focus on an eventual IPO for his own Marc Jacobs brand.

NPR's Margot Adler reports.

MARGOT ADLER, BYLINE: There was a sense of foreboding at Marc Jacob's spring fashion show in Paris. First, the music.

(SOUNDBITE OF MUSIC)

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5:17am

Thu October 3, 2013
Business

Court Ordered To Review BP Payout Formula

Originally published on Thu October 3, 2013 12:53 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with a reprieve for BP.

(SOUNDBITE OF MUSIC)

INSKEEP: The energy company has won a partial victory after a U.S. appeals court halted some payments related to the 2010 oil spill in the Gulf of Mexico. This is a big win for BP which had complained that the payout formula was too generous, and compensated people who were not harmed. Billions of dollars in claims were filed by businesses and individuals in the aftermath of the Deepwater Horizon spill.

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