Business

9:44am

Thu September 19, 2013
The Two-Way

Whale Of A Fine: JPMorgan Chase To Pay $920M In Penalties

Originally published on Thu September 19, 2013 11:39 am

The JPMorgan Chase building in London, where traders ran up huge losses.
Timur Emek AP

JPMorgan Chase has agreed to acknowledge that it violated federal securities laws and will pay $920 million in penalties assessed by regulators in the U.S. and U.K. to settle charges related to the huge trading losses racked up by its London traders last year, the Securities and Exchange Commission announced Thursday morning.

As we wrote earlier this week when word of the pending settlement first emerged, this all:

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9:08am

Thu September 19, 2013
Shots - Health News

Health Care Costs Are Projected To Outpace Economic Growth

Originally published on Thu September 19, 2013 9:43 am

Increased use of generic drugs caused a slight drop in the price of prescription drugs in 2012.
iStockphoto.com

The nation's health spending will bump up next year as the Affordable Care Act expands insurance coverage to more Americans, and then will grow by an average of 6.2 percent a year over the next decade, according to projections by government actuaries.

That estimate is lower than the typical annual increases before the recession hit. Still, the actuaries forecast that in a decade the health care segment of the nation's economy will be larger than it is today, amounting to a fifth of the gross domestic product in 2022.

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9:07am

Thu September 19, 2013
The Two-Way

Jobless Claims Rose Less Than Expected Last Week

Originally published on Thu September 19, 2013 11:06 am

While the number of people filing first-time claims for jobless benefits rose by 15,000 last week, the increase was less than economists expected, Bloomberg News reports.

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3:59am

Thu September 19, 2013
Economy

Fed Decision Gives Indian Market Temporary Reprieve

Originally published on Thu September 19, 2013 9:44 am

Transcript

STEVE INSKEEP, HOST:

A market rally in India is at the top of NPR's business news.

(SOUNDBITE OF MUSIC)

INSKEEP: We are all connected, of course. And like Wall Street, Indian markets soared, after the Federal Reserve's surprising decision to continue its stimulus program in the United States.

From New Delhi, NPR's Julie McCarthy reports.

JULIE MCCARTHY, BYLINE: The U.S. Fed's decision to keep unchanged its massive bond-buying program to spur the U.S. economy cheered Asian markets.

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3:59am

Thu September 19, 2013
Economy

Federal Reserve Stays The Course On Stimulus

Originally published on Thu September 19, 2013 9:44 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep.

A big question for watchers of the Federal Reserve is: Why? Analysts are asking why the Fed decided to continue stimulating the economy, buying $85 billion of bonds each month.

MONTAGNE: It was widely expected the Fed would start scaling back that stimulus as the economy improved. But in a statement, the Fed said conditions are not that great.

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3:59am

Thu September 19, 2013
Politics

Sen. McConnell In No-Win Situation On Obamacare

Originally published on Thu September 19, 2013 9:44 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION, from NPR News. Good morning. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep.

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3:59am

Thu September 19, 2013
Business

Employees Rally In Support Of American, U.S. Airways Merger

Originally published on Thu September 19, 2013 9:44 am

Transcript

RENEE MONTAGNE, HOST:

And while markets rallied on news of the Fed's decision, airline employees rally to support a planned merger of American Airlines and U.S. Airways. Here's their message to the Department of Justice.

AMERICAN AIRLINE AND U.S. AIRWAYS EMPLOYEES: (Chanting) DOJ, say OK. DOJ, say OK. DOJ, say OK.

MONTAGNE: The pilots, flight attendants and other employees from the two carriers converged on Capitol Hill. They asked members of Congress to push the Justice Department to drop its anti-trust suit against the merger.

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3:59am

Thu September 19, 2013
Business

Starbucks Asks Customers To Leave Their Guns Behind

Originally published on Thu September 19, 2013 9:44 am

Transcript

STEVE INSKEEP, HOST:

Starbucks has a new message for its customers: Leave Your Guns Behind.

Under this new policy, Starbucks is not banning guns in its stores, but has made clear they are no longer welcome.

More from NPR's Wendy Kaufman.

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3:59am

Thu September 19, 2013
Business

South Korea To Build 'Invisible' Skyscraper

Originally published on Thu September 19, 2013 9:44 am

Transcript

RENEE MONTAGNE, HOST:

South Korea is hoping to draw crowds to see a planned new skyscraper in Seoul. In truth though, they might not be able to see the Tower Infinity. Today's last word in business is: Invisible Tower.

STEVE INSKEEP, HOST:

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3:20am

Thu September 19, 2013
Shots - Health News

Employers Trim Health Costs By Cutting Coverage For Spouses

Originally published on Thu September 19, 2013 10:05 am

Workers prepare orders to be loaded for shipment at a UPS Healthcare Supply Chain and Distribution Center in Atlanta on March 12. The company recently announced that it would no longer offer coverage for spouses who had their own job-based insurance.
Robin Nelson Bloomberg via Getty Images

When UPS told workers that it would no longer offer health coverage for spouses who had their own job-based insurance, it caused a big stir. But the shipping giant has plenty of company.

So many employers are trying to cut back on health coverage for spouses that it has become a trend. The practice began well before the Affordable Care Act passed, and the connection to the law, in some cases, isn't that direct.

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