The New York Times Co. has announced the sale of The Boston Globe to the principle owner of the Boston Red Sox for $70 million, a sum that represents a fraction of the $1.1 billion paid for the flagship newspaper two decades ago.
This is TELL ME MORE from NPR News. I'm Michel Martin. Later today, we'll hear more about Pope Francis' recent visit to Brazil and we'll hear about why he made headlines around the world. That's in just a few minutes. But first, back here in this country, we want to hear about today's jobs numbers. One-hundred sixty-two thousand jobs were added last month, bringing the unemployment rate down to 7.4 percent. That's even below last month's report of 7.6 percent. The report also shows, though, that wages are going down for many workers.
Originally published on Thu August 8, 2013 5:01 pm
The Food and Drug Administration issued Friday the first legally binding rules for what food companies can legally label "gluten-free."
The rules should help millions of Americans who can't tolerate gluten in their diet.
Gluten is a protein in wheat, barley and rye. Bakers appreciate its gluey texture for making bread. But when people with celiac disease eat it, it causes their immune systems to attack their small intestines.
The South American country's response to incessant drug-related violence in the region signals a quest for alternatives to the U.S.-led war on drugs, and a rethinking of official U.N. anti-drug policy, which has been in effect for more than half a century.
America's unemployment rate sank to 7.4 percent in July, a drop of two-tenths of a percent, the Bureau of Labor Statistics says in its monthly summary of the U.S. economic situation. But employers added 162,000 jobs last month, coming in below economists' expectations.
NPR's business news starts with new trouble for B of A.
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GREENE: In a regulatory filing yesterday, Bank of America revealed it may be facing civil charges over its activities during the financial crisis. The bank disclosed an investigation by the Department of Justice related to residential mortgage-backed securities. Bank of America says it's cooperating. Transcript provided by NPR, Copyright NPR.