Business

10:42am

Thu July 25, 2013
The Two-Way

Big Coup For One Of The Big Three: Impala Called Best Sedan

Originally published on Thu July 25, 2013 11:12 am

The 2014 Chevrolet Impala, which Consumer Reports says its better than its foreign rivals.
Justin Lane EPA /Landov

The city of Detroit may be on the skids financially, but one of its traditional "big three" automakers just scored a big win.

For the first time since it began making such comparisons between sedans in 1992, Consumer Reports magazine has given its top rating to a model made by a U.S. automaker — not one made by a European or Japanese company.

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10:42am

Thu July 25, 2013
The Two-Way

Feds Charge SAC Capital In Insider Trading Case

Originally published on Thu July 25, 2013 11:29 am

Former SAC portfolio manager Michael Steinberg (center) exits a Manhattan federal court with his attorney after his indictment on securities fraud charges in March.
Louis Lanzano AP

Federal officials in New York City have charged SAC Capital Advisors with insider trading, the culmination of a protracted investigation into the hedge fund founded by embattled billionaire Steven Cohen.

SAC is charged with one count of wire fraud and four counts of securities fraud in connection with alleged insider trading by "numerous employees" at "various times between in or about 1999 through at least in or about 2010," according to the indictment.

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9:09am

Thu July 25, 2013
The Two-Way

Jobless Claims Rose Last Week; Key Orders Up In June

Originally published on Thu July 25, 2013 10:04 am

There were 343,000 first-time claims filed for unemployment insurance last week, the Employment and Training Administration says. That was up from an estimated 336,000 the week before.

The increase is from what had been a 10-week low. But basically, claims have been ranging between the mid-330,000s and mid-370,000s all year. Like other employment indicators, the jobless claims figures have been signalling that job growth remains modest.

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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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