Business

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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5:17am

Thu October 3, 2013
Politics

Day 3 Of Shutdown: Both Sides Remain Dug In

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

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

The nation has grown accustomed to political crisis manufactured in Washington.

INSKEEP: Americans and their leaders are less accustomed to the situation now. The drama leading up to the deadline for a government shutdown was familiar.

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5:17am

Thu October 3, 2013
Business

Rhode Island City Appeals For Funds To Get Trash Cans

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

Transcript

RENEE MONTAGNE, HOST:

And our last word in business is: Crowd Funding.

Central Falls, a former mill city in Rhode Island, has turned to the Internet for donations to fund a government project.

STEVE INSKEEP, HOST:

Now this is a town that was so broke a couple of years ago, it could not keep its only library open or pay full pension benefits to firefighters and policemen. It had to file for bankruptcy.

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4:14am

Thu October 3, 2013
Politics

National Parks Close As Other Public Lands Stay Open

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

The road to Lee's Ferry, Ariz., is blocked by barricades and national park rangers. Lee's Ferry is the launching point for river trips down the Colorado River through Grand Canyon National Park.
Scott Lee NPR

From Acadia in Maine to Zion in Utah to the North Cascades in Washington, America's 401 national park areas have gates blocking entrance roads.

The last remaining campers and hotel guests in the parks must leave Thursday, and park rangers will patrol to keep others out.

The national parks "belong to the American people, and the American people should have the right to come in," says National Park Service Director Jonathan Jarvis. "But the only way I can protect these places during this period is to shut them down."

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3:07am

Thu October 3, 2013
Shots - Health News

Back To Work After A Baby, But Without Health Insurance

Originally published on Sat October 5, 2013 9:13 pm

People get information on California's health exchange at a table at Union Station in Los Angeles on Tuesday, the exchange's opening day.
Reed Saxon AP

Pardit Pri had health insurance until she decided to quit her job as a legal administrative assistant and stay home with her newborn son 20 months ago. She thought she'd have coverage by now. But it didn't work out that way.

"I knew that I wasn't going to be working for a while because I decided to stay home with my son, and I thought ... 'OK, fingers crossed. Nothing will happen during that time,' " she says, as she plays with her son in their Orange County, Calif., apartment.

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3:02am

Thu October 3, 2013
All Tech Considered

The Man Behind The Shadowy Illicit Drug Market, Silk Road

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

A screen grab from a December 2012 StoryCorps interview with Ross Ulbricht, the alleged mastermind of the online marketplace known as Silk Road.
YouTube

It's not every day federal authorities get to bust a case like this. It involves millions of dollars, illicit drugs and a would-be assassin, all of which allegedly were bought and sold on the Internet, in a shadowy online marketplace known as the Silk Road. On Tuesday, federal authorities shut down that site and arrested 29-year-old Ross Ulbricht, the man they say is its mastermind.

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2:59am

Thu October 3, 2013
Shots - Health News

Small Businesses May Find Insurance Relief In Exchanges

Originally published on Thu October 3, 2013 2:11 pm

An employee of Covered California works in the newly opened call center in Rancho Cordova, Calif. Covered California is the state's new health insurance exchange.
Rich Pedroncelli AP

Walk down the carpeted hallways of Westwind Media in Burbank, Calif., and it's common to hear the odd explosion, the hum of traffic or a burst of gunfire.

It's here in these edit bays that small feature films and TV dramas like the ABC hits Grey's Anatomy and Scandal and CBS's Person of Interest get primped and polished for prime-time viewing.

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