Business

12:38pm

Wed August 21, 2013
The Salt

Forget Cronuts: London's 'Townies' Take On Hybrid-Dessert Craze

Originally published on Wed August 21, 2013 1:45 pm

American baker Bea Vo, who runs Bea's of Bloomsburg, a string of bakeries in London, came up with this answer to the cronut: the townie, a tartlet-brownie with a gooey center and a crisp outer shell.
Courtesy Bea's of Bloomsburgy Helena Marie Fletcher

What's a baker to do when all foodies can talk about, on both sides of the Atlantic, is the cronut craze, a croissant-doughnut that NPR reported on earlier this year? Simple: Come up with an equally addictive hybrid dessert.

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10:56am

Wed August 21, 2013
The Two-Way

Sales Of Existing Homes Rose 6.5 Percent In July

Originally published on Wed August 21, 2013 11:22 am

A "sale pending" sign in San Anselmo, Calif., earlier this year.
Justin Sullivan Getty Images

There was a strong increase in sales of existing homes in July, the National Association of Realtors reports, in yet another sign that the important housing sector is back on its feet.

In fact, says The Associated Press, sales approached "a healthy level for the first time since November 2009."

According to the NAR:

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10:17am

Wed August 21, 2013
The Two-Way

Tech Giants Launch Internet.org, A Global Plan To Widen Access

A new project announced by Facebook seeks to make it more affordable to access the Internet via cellphones around the world. In Africa, 16 percent of the population currently uses the Internet. Here, a man looks for a network signal in Somalia.
Roberto Schmidt AFP/Getty Images

Citing the billions of people worldwide who can't access the Internet, Facebook CEO Mark Zuckerberg and the leaders of other technology firms are launching an ambitious project to narrow the digital divide Wednesday. The plan focuses on widening access via mobile phones.

"There are huge barriers in developing countries to connecting and joining the knowledge economy," Zuckerberg says. "Internet.org brings together a global partnership that will work to overcome these challenges, including making Internet access available to those who cannot currently afford it."

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8:17am

Wed August 21, 2013
Business

Lowes Reports Earnings On The Heels Of Home Depot

Originally published on Wed August 21, 2013 12:03 pm

Home Depot says it has had "one of the best quarters in its recent history." It credits the recovery in the housing market. Main rival Lowes also benefited from the housing recovery, and strong demand for home refurbishings.

7:24am

Wed August 21, 2013
The Two-Way

Book News: Barnes & Noble Founder Pulls Plug On Buyback Plan

Originally published on Wed August 21, 2013 9:19 am

A Barnes & Noble store in Bethel Park, Pa.
Gene J. Puskar AP

The daily lowdown on books, publishing, and the occasional author behaving badly.

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5:47am

Wed August 21, 2013
Business

U.S. Retailers Vow To Upgrade Bangladesh's Safety Standards

Originally published on Wed August 21, 2013 12:03 pm

Transcript

RENEE MONTAGNE, HOST:

Some of America's biggest retailers announced new steps yesterday aimed at improving safety standards in Bangladesh's troubled garment industry. Wal-Mart and the Gap were among the companies that formed a group called the Alliance for Bangladesh Worker Safety after the deadliest accident ever in the garment industry.

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5:27am

Wed August 21, 2013
Business

Earnings Report On Home Depot And J.C. Penney

Originally published on Wed August 21, 2013 12:03 pm

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with some home improvement.

(SOUNDBITE OF MUSIC)

MONTAGNE: Home Depot says it had one of the best quarters in recent history. The number behind that claim, a 17 percent jump in earnings this past quarter. The company credited the recovering housing market in the U.S. and said spending by both contractors and regular customers was up.

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5:27am

Wed August 21, 2013
Business

Math Class: Oreo's Double Stuf Doesn't Measure Up

Originally published on Wed August 21, 2013 12:03 pm

Transcript

DAVID GREENE, HOST:

And our last word in business today is a bit of confectionery math: one plus one equals 1.86.

RENEE MONTAGNE, HOST:

Now you may remember the minor scandal that was kicked up when it was proved that Subway's foot-long sandwiches were actually less than a foot long.

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5:27am

Wed August 21, 2013
Around the Nation

Colorado Gold Mine Bucks Closing Trend

Originally published on Wed August 21, 2013 12:03 pm

Transcript

RENEE MONTAGNE, HOST:

And let's stay in Colorado to hear about another business traditional to the West - gold mining. After peaking a couple of years ago, the price of gold has fallen dramatically, which has forced many gold mines to close. Bucking that trend is the largest mine in Colorado - and it's expanding aggressively, taking the long view. From Colorado Public Radio, Ben Markus reports.

(SOUNDBITE OF BULLDOZER)

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5:27am

Wed August 21, 2013
Television

Al Jazeera Offers Americans An Alternative For News

Originally published on Wed August 21, 2013 12:03 pm

Transcript

DAVID GREENE, HOST:

Among the news organizations following every development in Egypt is Al Jazeera. And now they are making a bit of news of their own. Al Jazeera America went on air yesterday afternoon, entering the crowded and competitive world of cable TV news in the United States. The new network is available in about 45 million households.

But as NPR's David Folkenflik reports, there are many people inside the industry skeptical that its promise of thoughtful and serious news coverage will woo American audiences.

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