Business

12:57pm

Tue September 24, 2013
The Two-Way

Carnival's Earnings Hit By String Of Cruise Ship Problems

Originally published on Tue September 24, 2013 3:18 pm

Part of the previously submerged, severely damaged right side of the Costa Concordia cruise ship is seen in an upright position last week after it was righted by salvage crews in Isola del Giglio, Italy.
Marco Secchi Getty Images

Miami-based Carnival Corp., the world's largest cruise operator, reported a third quarter profit nearly a third lower than a year ago following a series of embarrassing and deadly mishaps involving its ships.

Carnival turned a $934 million profit for the period June through August, down 30 percent from the same quarter in 2012.

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11:55am

Tue September 24, 2013
Parallels

World Economic Growth Points To More Planes In Asian Skies

Originally published on Wed October 9, 2013 5:25 pm

An Airbus A320 on display during Airshow China 2012 at China International Aviation Exhibition Center in Zhuhai on Nov. 13, 2012. Increasing prosperity and urbanization in China and elsewhere in Asia will drive the global demand for aircraft, Airbus said Tuesday.
Marina Lystseva ITAR-TASS/Landov

The number of global megacities will grow from 42 today to 89 by 2032. The global middle class will more than double by then. And most of this growth will be in the Asia-Pacific region.

What does all this have to do with global aviation?

Airbus, which released the data Tuesday, says that to meet this demand nearly 30,000 new planes will have to be built over the next 20 years.

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9:38am

Tue September 24, 2013
The Two-Way

Home Prices Rise At Best Pace In Seven Years

Originally published on Tue September 24, 2013 12:02 pm

This home was under contract last month in Chicago.
Scott Olson Getty Images

Led by more strong gains in Las Vegas, San Francisco, San Diego and Los Angeles, home prices in major U.S. cities were up just more than 12 percent on average in July vs. July 2012, according to the latest S&P/Case-Shiller Home Price Indices report.

The average increase was the largest since February 2006, Reuters adds, and is yet another sign that the housing sector is among the economy's strongest sectors.

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8:17am

Tue September 24, 2013
Politics

Sen. Durbin Wants Budget Showdown To End Quickly

Originally published on Tue September 24, 2013 9:13 am

Transcript

STEVE INSKEEP, HOST:

All right. Let's talk more about that debate in Congress, which must pass a bill by Sept. 30 to keep the government running or see a partial shutdown. Republicans in the House passed a bill to fund the government but defund Obamacare; and now that bill is in the Senate, where Richard Durbin of Illinois is the Senate majority whip, the No. 2 Democrat in charge of counting votes. Senator, welcome back to the program.

SEN. RICHARD DURBIN: Good to be with you, Steve.

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5:13am

Tue September 24, 2013
Business

In Vermont, During Fall, Money Grows On Trees

Originally published on Tue September 24, 2013 9:13 am

Transcript

STEVE INSKEEP, HOST:

OK, it's getting a bit colder in many areas of the country. We've got those brisk mornings and chilly evenings. Great weather. Football weather for many of us. For many state tourism offices, of course, it means gearing up for a lucrative time of year known as foliage season. Travelers can use websites and apps to learn where and when fall colors are supposed to be the most brilliant. And predicting that in Vermont is serious business.

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5:11am

Tue September 24, 2013
Business

Volkswagen To End VW Van Production

Originally published on Tue September 24, 2013 9:13 am

Transcript

DAVID GREENE, HOST:

That's nice. Today's last word in business is: Hippie Bus. It was the ride of choice during the Summer of Love. The Volkswagen van. We are told Steve Jobs sold his in the '70s in order to buy a circuit board. Well, that iconic van is soon to be made no more.

NPR's Lourdes Garcia-Navarro reports.

LOURDES GARCIA-NAVARRO, BYLINE: Many owners gave their names because they were idiosyncratic, colorful cheap and had a tendency to break down. Full disclosure, ours was called Gertie.

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5:11am

Tue September 24, 2013
Business

Chrysler Announces Initial Public Offering

Originally published on Tue September 24, 2013 9:13 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins cars going public.

(SOUNDBITE OF MUSIC)

GREENE: The automaker Chrysler filed for an initial public offering late yesterday. After 41 consecutive months of auto sales growth, now might seem like the perfect time for the Detroit carmaker to sell shares to the public.

But as NPR's Sonari Glinton reports, this sale could be as much about brinksmanship as an IPO.

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5:11am

Tue September 24, 2013
Business

Deal Would Take Ailing BlackBerry Private

Originally published on Tue September 24, 2013 9:13 am

Transcript

DAVID GREENE, HOST:

The ailing Smartphone maker Blackberry announced that it has tentatively agreed to be sold to a group of investors for $4.7 billion. This is the latest troubling sign for a company that has been hemorrhaging money and has massive layoffs planned. Blackberry was once synonymous with Smartphones. Many of the people once addicted to these devices, though, have moved on to glitzier products.

We've got Bloomberg technology columnist Rich Jaroslovsky on the line with us. Rich, good morning.

RICH JAROSLOVSKY: Good morning.

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5:11am

Tue September 24, 2013
Politics

Sen. Cruz Battles To Regain Trust Of GOP House Members

Originally published on Tue September 24, 2013 9:13 am

Transcript

DAVID GREENE, HOST:

And President Obama is also paying close attention to what's unfolding on Capitol Hill this week. Senate Majority Leader Harry Reid tried to move forward yesterday on a bill to keep the government running past October 1st.

(SOUNDBITE OF SENATE SESSION)

SEN. HARRY REID: I ask unanimous consent the Senate proceed to Executive Session to consider nominee number...

SEN. TED CRUZ: Mr. President.

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5:03am

Tue September 24, 2013
Business

Small Businesses: Big Concerns And High Hopes

Originally published on Wed October 16, 2013 4:37 pm

Since the recession ended, small businesses have started to rebound. But they still face headwinds.
iStockphoto.com

Safe to say, Americans love small business. Or at least the Idea of Small Business.

President Obama once told owners: "What you share is an entrepreneurial spirit, a tireless work ethic and a simple hope for something better that lies at the heart of the American ideal. Businesses like yours are the engines of job growth in America."

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