Business

12:37pm

Fri July 5, 2013
Business

June Jobs Report Exceeds Expectations, But Concerns Remain

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with the jobs report.

(SOUNDBITE OF MUSIC)

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9:02am

Fri July 5, 2013
The Two-Way

Better Than Expected Job Growth In June

Originally published on Fri July 5, 2013 10:48 am

At a job fair in Los Angeles last month, job seekers filled out applications.
Kevork Djansezian Getty Images

More jobs were created last month than economists had expected, but the unemployment rate held steady.

The Bureau of Labor Statistics reported Friday that employers added 195,000 jobs to public and private payrolls. That's better than the gain of 165,000 that forecasters had predicted.

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8:54am

Fri July 5, 2013
All Tech Considered

At Tech-Free Camps, People Pay Hundreds To Unplug

Originally published on Fri July 5, 2013 12:17 pm

Camp Grounded is located in Northern California.
Courtesy of Scott Sporleder

The overwhelming and endless stream of electronic alerts and messages on our computers, phones and tablets is driving demand for a new kind of summer camp for adults. "Technology-free" camps that force their campers to surrender their gadgets, wallets and that nagging "fear of missing out" — FOMO — are booking up fast.

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5:33am

Fri July 5, 2013
Economy

Jobless Rate For June Expected To Hover Around 7.6 Percent

Originally published on Fri July 5, 2013 10:14 am

The Labor Department reported Friday that the nation's unemployment rate held steady at 7.6 percent in June, as employers added 195,000 jobs, and more people started to look for work.

4:51am

Fri July 5, 2013
Business

The Last Word In Business

Originally published on Fri July 5, 2013 6:59 am

Former girlfriend Chrissie Shrimpton, who dated Jagger before he was a superstar, sold the hair. It went for about $6,000, which is more than four times what someone once paid for Rolling Stone bandmate Keith Richard's hair.

4:51am

Fri July 5, 2013
Business

Business News

Originally published on Fri July 5, 2013 6:53 am

The Bay Area Rapid Transit agency and its two largest unions have reached an agreement — sort of. The unions are ending the five-day strike that halted commuter-rail service throughout the San Francisco Bay Area. BART and the unions agreed to extend their contracts for a month while negotiations continue.

3:34am

Fri July 5, 2013
Europe

Are Things Too Cozy In London's 'City' Within A City?

Originally published on Fri July 5, 2013 2:33 pm

Skyscrapers in the City of London, the heart of the financial district, are reshaping the skyline.
Dan Bobkoff NPR

For at least a millennium, the heart of Britain's commercial and financial industries has been the City of London.

The City is not the large metropolis we know as London. It's much older and smaller. Many call it the Square Mile, though it's not square and a bit bigger than a mile. It's the home to big banks, medieval alleyways and St. Paul's Cathedral. And, for all those centuries, the area has had the same local government with an unusual name: The City of London Corporation.

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3:25am

Fri July 5, 2013
The Two-Way

Jobs Report Due Out This Morning

Originally published on Fri July 5, 2013 8:40 am

The scene at a career fair in New York City last October.
Mike Segar Reuters /Landov

Update at 8:35 a.m. ET. The News Is Out:

Better Than Expected Job Growth In June

Our original post:

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10:03pm

Thu July 4, 2013
Planet Money

Why Doesn't Everybody Buy Cheap, Generic Headache Medicine?

Originally published on Fri July 5, 2013 9:03 pm

Same pills. Lower price.
Paul Sancya AP

Why does anyone buy Bayer aspirin — or Tylenol, or Advil — when, almost always, there's a bottle of cheaper generic pills, with the same active ingredient, sitting right next to the brand-name pills?

Matthew Gentzkow, an economist at the University of Chicago's Booth school, recently tried to answer this question. Along with a few colleagues, Gentzkow set out to test a hypothesis: Maybe people buy the brand-name pills because they just don't know that the generic version is basically the same thing.

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4:42am

Thu July 4, 2013
Business

Business News

Originally published on Thu July 4, 2013 9:48 am

Unlike Facebook and Google, Twitter will allow its users to opt out if they are concerned about privacy. The company is projecting ad revenues of $500 million this year, and double that in 2014.

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