Business

5:35am

Thu July 25, 2013
Movies

Big Summer Movies Go Belly Up At The Box Office

Originally published on Thu July 25, 2013 7:58 am

Transcript

DAVID GREENE. HOST: Hollywood movies are full of bombs this summer, and I mean both literally and figuratively. There have been a lot of big expensive movies, often action movies, that have not done very well at the box office. NPR's Elizabeth Blair says think "After Earth," "The Lone Ranger," and "White House Down."

ELIZABETH BLAIR, BYLINE: First, there have been some hits this summer, mostly sequels like "Iron Man 3."

(SOUNDBITE FROM FILM, "IRON MAN 3")

ROBERT DOWNEY, JR.: (as Tony Stark) We can do this, Heather.

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5:27am

Thu July 25, 2013
Business

Ex-Goldman Sachs Executive Takes The Stand

Originally published on Thu July 25, 2013 7:58 am

Transcript

DAVID GREENE, HOST:

A former executive at Goldman Sachs will take the stand again in his civil fraud trial this morning. Fabrice Tourre is accused of misleading investors about a security he marketed and sold in the months leading up to the subprime mortgage collapse.

Tourre began testifying yesterday afternoon, and NPR's Jim Zarroli was there. Jim, good morning.

JIM ZARROLI, BYLINE: Good morning.

GREENE: So give us the background, here, if you can. What is Fabrice Tourre accused of, exactly?

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5:47pm

Wed July 24, 2013
The Two-Way

Why The Latest Gulf Leak Is No BP Disaster

Originally published on Wed July 24, 2013 6:06 pm

Fire boats battle a fire at the off shore oil rig Deepwater Horizon in April 2010.
U.S. Coast Guard Getty Images

Teams of workers are mobilizing in the Gulf of Mexico to try to stem a natural gas leak at an offshore drilling rig that exploded and caught fire Tuesday. The rig off the Louisiana coast has been partially destroyed by the out of control blaze, and firefighting boats are on the scene.

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5:29pm

Wed July 24, 2013
Business

Full-Time Vs. Part-Time Workers: Restaurants Weigh Obamacare

Originally published on Wed July 24, 2013 7:21 pm

The California Tortilla chain is one company still deciding how to react to the new health care requirements for business, set to take effect next year.
John Ydstie NPR

Many businesses that don't offer health insurance to all their employees breathed a sigh of relief earlier this month when they learned they'd have an extra year to comply with the new health care law or face stiff penalties.

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12:47pm

Wed July 24, 2013
The Two-Way

Sales Of New Homes Rise Again, Hit Five-Year High

Originally published on Fri August 23, 2013 1:35 pm

A new home that was under construction earlier this year in San Mateo, Calif.
Justin Sullivan Getty Images

Note added on Aug. 23, 2013: When we wrote this post and its headline — "Sales Of New Homes Rise Again, Hit Five-Year High" — the data said that was true. Now, the agencies that produce the numbers have issued revisions that indicate sales of new homes in June were the second-best in the last five years. Go here to read about that.

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12:08pm

Wed July 24, 2013
All Tech Considered

Finland-Based Startup Will Let You 'Pay With Your Face'

Originally published on Wed July 24, 2013 12:46 pm

Outside of a John Woo film like Face/Off, starring John Travolta and Nicolas Cage, it's nearly impossible for someone to steal your face.
Chris Pizzello AP

In our "Weekly Innovation" blog series, we explore an interesting idea, design or product that you may not have heard of yet. Previously we featured the sink-urinal and Smart Bedding.

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10:43am

Wed July 24, 2013
Business

Boeing Is Flying High With Latest Earnings

Originally published on Wed July 24, 2013 11:59 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with Boeing flying high.

(SOUNDBITE OF MUSIC)

GREENE: The aircraft maker says its latest quarterly earnings rose a surprising 13 percent this quarter, despite all the troubles with the new 787 Dreamliner. Boeing said today revenues were up due to increased sales of its commercial jets, including Dreamliners and 737s.

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7:06am

Wed July 24, 2013
Economy

As Obama Renews Jobs Push, How Is The Economy Doing?

Originally published on Wed July 24, 2013 10:35 am

Workers line up pipe while drilling for oil outside Watford City, N.D. While the energy sector has been strong, millions of Americans have been out of work since the recession ended.
Andrew Burton Getty Images

The U.S. economy has been growing for four straight years — each under the leadership of President Obama.

But the pace of improvement has been disappointing to many, especially the nearly 12 million people still looking for work.

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6:51am

Wed July 24, 2013
Business

Daimler Profits Rev Up In Second Quarter

Originally published on Wed July 24, 2013 11:59 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with fancy cars revving up.

(SOUNDBITE OF MUSIC)

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5:55am

Wed July 24, 2013
Business

Apple's iPhone Sales Up, But Profits Down

Originally published on Wed July 24, 2013 11:59 am

Transcript

RENEE MONTAGNE, HOST:

Apple sold more iPhones than expected last quarter, though its profits are down compared to last year. Still, in a quarter were other tech companies aren't meeting expectations, some analyst's say Apple isn't doing too badly.

NPR's Laura Sydell reports.

LAURA SYDELL, BYLINE: Apple's revenue was pretty much flat, at a little over 35 billion, and its profits were down nearly two billion. Despite a rise in iPhone sales, Samsung is still selling more smartphones.

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