Business

4:58pm

Thu August 29, 2013
The Record

Can Streaming Services Make Money?

Originally published on Thu August 29, 2013 7:48 pm

On June 15, the day that Pandora became a publicly traded company, traders on the floor of the New York Stock Exchange wore the company's insignia.
Spencer Platt Getty Images

Every time you turn around it seems like there's a new streaming music service. Pandora was among the first a decade ago. Rdio launched in 2010. Spotify came to the U.S. in the summer of 2011. Apple and Google plan to join the fray this year. Music producer Jimmy Iovine is launching a service tied to his headphone brand Beats by Dr. Dre.

What's odd is they are all jumping into a business that, so far, doesn't seem to be turning a profit.

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4:51pm

Thu August 29, 2013
Business

Threat Of U.S. Strike In Syria Drives Up Oil Prices

Originally published on Thu August 29, 2013 6:01 pm

Crude oil prices are up about 20 percent over the past two months. On Tuesday, the price of the U.S. benchmark, West Texas Intermediate, hit $109. Events in Syria are driving the price spike. Syria doesn't produce much oil, but there is great concern that the conflict there might spill over and involve other Persian Gulf nations such as Iran and Saudi Arabia.

3:50pm

Thu August 29, 2013
The Two-Way

Nasdaq Gives Detail On Cause Of Last Week's Trading Halt

People in New York City walk by the Nasdaq stock market one day after the the electronic exchange experienced a a three-hour trading delay due to a technical problem.
Spencer Platt Getty Images

Nasdaq OMX Group Inc. issued a deeper explanation for the technical problems that halted trading for three hours last week.

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2:43pm

Thu August 29, 2013
Shots - Health News

How Money Worries Can Scramble Your Thinking

Originally published on Fri August 30, 2013 3:29 pm

Worrying about finances can tax the brain just as much as staying up all night.
Illustration by Katherine Streeter for NPR

There's no question that dealing with mortgages, car payments and other bills takes up time and energy. But having a tight budget may also zap our ability to think clearly, scientists report Thursday in the journal Science.

In a series of clever experiments involving farmers in India and shoppers in New Jersey, scientists found that people are worse at solving puzzles — similar to those on the IQ test — when they're first reminded of money problems.

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2:41pm

Thu August 29, 2013
The Two-Way

IRS Will Recognize All Legal Same-Sex Marriages

Originally published on Thu August 29, 2013 3:16 pm

The U.S. Department of the Treasury and the Internal Revenue Service announced on Thursday that when it comes to federal tax purposes, same-sex couples who have legally married will be treated the same as straight married couples, no matter what state they reside in now.

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1:45pm

Thu August 29, 2013
All Tech Considered

The Fast-Food Restaurants That Require Few Human Workers

Originally published on Thu August 29, 2013 2:11 pm

The Febo snack bar is open all night.
Adam Jackson Flickr

In perhaps the largest nationwide fast-food strike in history, the employees who make your 99-cent burgers and tacos were planning strikes in 50 U.S. cities Thursday. Workers are calling for a $15 minimum wage and hoping to raise attention to the fast-food industry's low pay and limited prospects. The current federal minimum wage standard is $7.25 per hour.

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1:26pm

Thu August 29, 2013
The Two-Way

Judge Hints At Helping American Airlines Out Of Bankruptcy

Originally published on Thu August 29, 2013 2:41 pm

American Airlines aircraft sit on the tarmac at Miami International Airport last week.
Joe Raedle Getty Images

A U.S. bankruptcy judge on Thursday indicated that he's leaning in favor of a allowing American Airlines to emerge from bankruptcy, clearing a major obstacle to the carrier's planned merger with US Airways.

Judge Sean H. Lane said he is "finding the arguments in favor of confirmation fairly persuasive" to allow American, which filed for Chapter 11 in November 2011, to emerge from bankruptcy.

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9:21am

Thu August 29, 2013
The Two-Way

Economy Was Stronger Than Thought In Second Quarter

Stronger-than-thought exports produced stronger-than-thought economic growth in the spring. (2010 file photo from the Port of Miami.)
Joe Raedle Getty Images

The U.S. economy expanded at a 2.5 percent annual rate in the second quarter, the Bureau of Economic Analysis said Thursday.

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8:12am

Thu August 29, 2013
The Two-Way

Largest Strike So Far By Fast-Food Workers Set For Thursday

Originally published on Thu August 29, 2013 9:45 am

Outside a Taco Bell restaurant in Warren, Mich., early Thursday, supporters of the push by fast-food workers to raise the minimum wage were marching.
Jessica J. Trevino MCT/Landov

Organizers say workers at fast-food restaurants in cities across the nation will walk off their jobs Thursday in what's expected to be the largest such strike so far, The Associated Press writes.

As the wire service adds:

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7:35am

Thu August 29, 2013
Business

Hello Kitty: Updated Monopoly Game Available

The Monopoly game hitting store shelves contains a sleek kitty, which will join the classic Scottie dog and top hat. Fans adopted the cat in an online vote earlier this year. The company shelved the iron after a 78 year run.

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